Commerce Bank of Temecula Valley in Murrieta


25220 Hancock Avenue, Suite 140, Murrieta, CA 92562

Customer assistance available M-F 9AM-5PM Phone: 951.973.7400   Fax: 951.973.7401
Bill Payment Support available 24/7 877-287-7894
To Report a Lost or Stolen ATM/ Debit Cards: 800.500.1044

Hours:
Mon – Fri: 9AM – 5PM
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SBA

 

SBA Loans

As a Small Business Administration (SBA) "Preferred Lender" and "SBAExpress Lender," Commerce Bank of Temecula Valley understands the financing needs of small and medium size businesses in our marketing area. As a locally headquartered bank, we are able to process loans more quickly and efficiently than many other large SBA lenders. We believe in building long-term business relationships and our lending team are experts in providing SBA loans that best meet the needs and goals of our customers and prospects. We offer all categories of SBA term loans and SBAExpress lines of credit.

SBA 7(a) Loans
This program can be used for most eligible and legal uses with loan amounts up to $5 million. Loan purposes include financing owner-occupied commercial real estate, working capital, equipment and inventory purchases, construct leasehold improvements, finance a franchise, a business acquisition and refinance debt. Loan terms for the 7(a) program:

  • Owner-occupied real estate loans up to 25 year maturities with 90% LTV
  • Equipment or the purchase of a business can be financed up to 10 years
  • Franchise financing with terms up to 10 years
  • Working capital loans and tenant improvement loans with terms from 7 to 10 years
  • Variable rates based on the Wall Street Journal Prime Rate Index

SBA Express Loans & Lines of Credit
Loans and lines of credit from $50,000 to $350,000.

  • Reduced SBA eligibility documentation requirements
  • Quicker loan processing with conventional loan documentation
  • Easy to use line of credit alternative not available on 7(a) loans with maturities longer than 1 year available
  • Generally the assets being financed are used as collateral. Personal assets may be required if assets being financed do not adequately secure the loan.

SBA 504 Loans
Made in conjunction with the involvement of a Certified Development Company (“CDC”) second position debenture loan on the collateral financed. Provides small business financing for:

  • Purchase owner-occupied commercial buildings
  • Land acquisition and ground up construction
  • Finance improvements to an existing commercial building
  • Purchase new equipment

Loan terms for the 504 program

  • 50% Bank first position loan, 40% CDC second position debenture loan, 10% owner equity allows for total financing package of $3,240,000 on total project of $3,600,000
  • Fixed or variable rates
  • Owner-occupied real estate can be amortized for up to 25 years with a 10 year maturity date
  • Equipment financing allows for up to 10 year amortization

Qualifying criteria for 7(a) and 504 Loans

  • For companies based in the United States
  • A corporation, LLC, partnership or sole proprietorship that operates for-profit
  • Established in business for two years or more
  • Within the size guidelines designated by SBA (can be viewed on the SBA Website)
  • Owner-operated
  • When financing real estate, the business must occupy 51% or more of the existing commercial property
  • When financing construction, the business must occupy 67% or more of the completed property
  • All loans are subject to credit approval after receipt of a completed loan application package
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