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  SmartBiz Commercial Real Estate Loan

SmartBiz Commercial Real Estate Loan

in Commercial Mortgage from SmartBiz

Unaffiliated

SmartBiz Commercial Real Estate Loan

Unaffiliated

in Commercial Mortgage from SmartBiz

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Highlights
Minimum Months in Business 24
Loan Amount $500,000 - $5,000,000
Loan Term (Years) Up to 25 years
Minimum Revenue N/A

SmartBiz Commercial Real Estate Loan Review

SmartBiz Commercial Real Estate Loan is offered by SmartBiz, a bank founded in 2009 and based in San Francisco, CA. SmartBiz Commercial Real Estate Loan is available in 50 states (and Washington, DC).

SmartBiz Commercial Real Estate Loan FAQ

How much can you borrow via SmartBiz?

SmartBiz allows borrowers to apply for commercial mortgages with loan amounts of up to $5,000,000.

What is the maximum loan term you can get with SmartBiz?

SmartBiz offers commercial mortgages with a maximum term of 25 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What range of rates does SmartBiz offer?

SmartBiz offers commercial mortgages with APRs starting at 4.75% and up to 6%.

What type of guarantors does SmartBiz require?

  • Individual(s)
  • Business

What is the estimated funding time for a commercial mortgage via SmartBiz?

SmartBiz will typically fund mortgages within 30 and days of approval.

Does SmartBiz charge a mortgage origination fee?

Yes, SmartBiz may charge a loan origination fee of 2.25% to 3.5% of the loan amount.

What limitations does SmartBiz set on the purpose of the loan?

SmartBiz considers loan applications for business purposes, such as:

  • New Location

What are the business financing requirements for SmartBiz?

To apply for SmartBiz Commercial Real Estate Loan, the applicant needs to provide the following business document:

  • Business Certificate
  • Business License
  • Business Bank Account
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Other Services by SmartBiz

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Closing Costs ($) $5,000
Application Fee $5,000
Origination Fee (%) 2.25% - 3.5%
Business Financing Requirements
  • Business Certificate
  • Business License
  • Business Bank Account
Credit Score Range 675 - 850
Guarantor(s)
  • Individual(s)
  • Business
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Down Payment Starting at 10%
Minimum Months in Business 24
Verification Documents Required
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
  • Income Statement
  • Cash Flow Statement
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement
  • Secured
  • Unsecured
Intended Use of Funds
  • New Location
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range Starting at 30 days
Payment Frequency Monthly
Payment Options Automatic Payments
APR (Fixed APR) 4.75% - 6%
Loan Amount $500,000 - $5,000,000
Loan Term Up to 25 years

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