Preferred Capital, LLC is a direct Small Business Administration lender. We offer SBA 7(a) and 504 loans for companies in a wide variety of industries.

A. Business Loans - Up to $4 Million

Purchase, refinance, construction or renovation of owner-user commercial real estate.
- Up to 90% financing
- Up to 25 years fully amortized - Owner-user to occupy at least 51% of existing building and 67% of new construction - First and second mortgages are assumable to qualified borrowers

B. Real Estate Loans- Up to $2 Million

Business Acquisition
- Up to 80% financing (10% cash down and 10% seller carry)
- Up to 10 years fully amortized

Equipment Acquisition
- Up to 100% financing
- Up to 10 years fully amortized

Debt Refinance
- Up to 25 years fully amortized for real estate
- Up to 10 years fully amortized for non-real estate

Inventory and Working Capital
- Includes line of credit
- Up to 10 years fully amortized

c. USDA B&I Loans- Up to $10 Million

Real estate acquisition or expansion, purchase of business, machinery and equipment, furniture and fixtures and working capital.
- Up to 90% financing - Up to 30 years fully amortized for real estate - Up to 15 years fully amortized for equipment - Owner-user occupied real estate

- High leverage with minimal cash investment
- Long terms to minimize debt service
- Flexible underwriting requirements
- Competitive rates
- Lend to a variety of industries

Why Prequalify:

- Simplifies and accelerates the loan process
- Saves you time and energy
- Provides realistic roadmap to structuring the transaction

What We Need:

Preferred needs the following basic information to issue a prequalification letter: - Business federal tax returns and personal tax returns (for each owner of 20% or more of the company) for the last 3 years
- Most recent income statement and balance sheet or interim financial statements
- Schedule of business fixed debt (forms are available)
- Personal financial statement (for each owner of 20% or more of the company - forms are available)
- Total loan amount
- Projected use of loan proceeds
- Copy of purchase agreement, if purchasing real estate, business, machinery or equipment
- Copy of UFOC (Uniform Franchise Operating Circular) and franchise agreement, if purchasing a franchise
- Schedule of all debts, if restructuring debt