One type of loan program available through www.sbaclc.com is a rehabilitation loan. This program can be used to make repairs to existing structures you already own, such as updating machinery, lighting and modernizing the facility. Rehab loans are also used to purchase commercial buildings which are in need of major repairs before they are able to be used as part of your day-to-day business operations. In this situation, the amount you are able to borrow is often more than the current value of the property. Once the building rehab is completed, the property is reappraised to reflect the improvements.
Financing for Multifamily Rental Units Is Available from http://www.sbaclc.com
Another type of loan program you will find available at http://www.sbaclc.com is financing options for multifamily rental units. These loans can be used for purchasing, refinancing or constructing new residential units. There are specific programs offered depending upon the kinds of properties you own including apartments, mobile home parks, student housing, single tenant and mixed use structures.