SBA Loans For Deals Under $1m Purchase Price / ~$500k Loan

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October 11, 2022

by a searcher from Massachusetts Institute of Technology in New York, NY, USA

Are there any experienced SBA lenders out there who would be willing to lend on deals under $1m purchase price / ~$500k loan? If so, how low are lenders willing to go?

My understanding is that the top SBA lenders aren't willing to go under much under $1m purchase price. Thanks.

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Reply by a lender
from California State University, Sacramento in Auburn, CA, USA
As a 33-year career SBA lender, I will tell you that Community Banks (like Plumas Bank/myself) and Credit Union SBA lenders will generally entertain SBA loans down to $150,000 or $250,000. Plumas Bank, for example, will do loan to $150,000. Why? Because we know that small business 1) is important to the continuity of a community, 2) employs most of America, and 3) MAY lead to that next referral. Plumas Bank lends in CA, OR, WA, NV, AZ, UT, and CO only. I am BEST reached by cell phone###-###-#### or redacted
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Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
I would be happy to discuss it with you. We are a Commercial Loan Brokerage shop with over 350 funding partners and over 50 SBA funding partners. We regularly do deals under $1 million. I would say most lenders prefer to be at $350,000 or above for SBA 7A loans, but we have done some below that or SBA express loans below that. You can reach me at redacted Thank you.
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