Alacom Loans and Services

Our Loan Programs and Services                             

SBA 504 Loan

Purpose: Acquisition of real estate, large fixed assets, and additions to current facility

Terms: 10 o 20 years by SBA; Either the same terms or longer by lender

Interest: Fixed rate set by SBA upon sale of debentures, fixed or variable by lender

Infusion: 50% Primary lender ( terms up to 30 years)

30-40% SBA debenture ( 10 or 20 years)

10-20% Borrower

Guarantee: Personal guarantee (s) required

SBA 7a Loan

Purpose: Refinancing, working capital, purchasing of real estate, equipment

Terms: Up to 25 years

Interest: Not to exceed Prime + 2.75, fixed or variable

Infusion: Up to 20% required by SBA

Guarantee: Personal guarantee (s) required

ALABAMA CAPCO

USDA Loan Programs

Training