The Small Business Administration has announced plans to simultaneously wind down the temporary reduction of fees for the 504 and 7(a) programs and bring both back programs to pre American Recovery and Reinvestment Act (ARRA) terms.

The transition period for the fee reductions begins on Nov. 23, 2009.

Once effective, applications for new 504 loans may be submitted either:

As Recovery Act loans, which means applications will be placed in a queue to await the potential availability of ARRA fee reduction funds; or As non-Recovery Act loans, which will be authorized as soon as approved, but will not be eligible the fee reductions. 504 applications submitted as Recovery Act loans will be processed up to the point of approval and then will be placed into a queue awaiting the availability of funds. Sometimes previously approved loans are later cancelled or never disbursed for a variety of reasons. The queue takes this into account and will allow eligible small businesses, in consultation with their lender, to choose to be placed in this queue for possible approval if funding becomes available.

At any time while waiting in the queue, a 504 applicant may choose to withdraw and re-submit as a non-Recovery Act loan.

The fee eliminations for the 504 program have helped jumpstart more than $14 billion in lending to small businesses nationwide and increased the SBA’s average weekly loan volume by more than 75% since February, according to the SBA.

The SBA is now working closely with President Obama and Congress to ensure the continued recovery of small businesses, including legislation that will increase the cap on 504 loans to $5 million for standard small businesses and $5.5 million for small manufacturing businesses. 504 loan caps are currently set at $1.5 million ($2 million if a public policy is met) and $4 million, respectively.

The proposed shift to $5 million for standard small business borrowers would support a total project of $12.5 million, and to $5.5 million for small manufacturers would support a total project of $13.75 million, according to the White House and the SBA.

Click here to download SBA Notice 5000-1131 ARRA Wind down Transition.pdf.

For more information about 504 loans contact Commercial Capital Lmiited by visiting http://www.commerciallendingpros.com/, emailing us at
loans@commerciallendingpros.com or calling 863.298.8900.

Visit the link below to get a Quick response to your Commercial Loan Scenario. Simply provide us with some VERY BASIC information:
Quick Loan Pre-Qual form

Oct. 21, 2009 — President Obama today announced his support of legislation that will increase the cap on Small Business Administration (SBA) 504 loans to $5 million for standard small businesses and $5.5 million for small manufacturing businesses. 504 loan caps are currently set at $1.5 million ($2 million if a public policy is met) and $4 million, respectively.

The shift to $5 million for standard small business borrowers would support a total project of $12.5 million, and to $5.5 million for small manufacturers would support a total project of $13.75 million, according to the White House and the SBA.

While the legislation is pending Congressional approval, this is huge news for small business owners looking for financing who were unable to obtain a 504 loan due to $1.5 million cap. In many cases, these small businesses had already used a 504 loan, they were ready to expand, but were denied the chance to borrow again through the SBA due to the $1.5 million limit.

SBA data shows an increase in the demand for the larger loans currently available. In the 504 program, the percentage of loans for more than $1.5 million has grown, from 15% of total dollars approved in 2005 to 28% in 2009.

Obama made his announcement at the offices of Metropolitan Archives, a 504 loan recipient in Hyattsville, Maryland. With this kind of support from the president for the 504 industry, it is certainly hoped the legislation will be fast tracked and put into place by the SBA as soon as possible.

The 504 loan program is reserved exclusively for the purchase, construction or renovation of owner-occupied commercial real estate and/or the acquisition of industrial equipment or other fixed assets. It offers below market, fixed interest rates with long amortization terms (up to 20 years).

Over 115,000 savvy, small business owners have taken advantage of 504 loans to grow their businesses since the program began in 1986. In fact, the 504 loan program has funded over $45 billion in loans to growing small businesses over the past 23 years.

Click here for the White House release.

Click here for President Obama’s speech transcript.

Commercial Capital Limited
SBA Financing Program

We here at Commercial Capital Limited are experts in Small Business Administration 504 loans and are able to assist all our clients in getting SBA loans closed faster, easier and at lower costs. Don’t hesitate to call or email Commercial Capital Limitied to see how we might be able to assist you and your business in receiving some of the additional Stimulus Bill money that has been made available thru the Small Business Administration.!

Give us a call at: 863-298-8900 or 813-833-3132

Or visit: http://commerciallendingpros.com/ and fill out a Quick Loan Pre-Qual form to get a fast response to your loan scenario!

I often get asked “what is really closing in commercial”. Sometimes I tell them generalities like SBA Loans, but I want to list some of our actual recent closings so you can see what really IS closing. These are just a sample of the loans Commercial Capital Ltd. has closed recently. These loans have been chosen for their diversity and to show you a range of the programs that are getting funded right now.

• New Small Balance / Short Term Bridge Loan Fund – $150,000 – $1,500,000 loan amounts (our previous minimum was $2 million)
• Rural Loans (for ANY town/city with under 50,000 population)
• SBA 7A and 504 Loans (rates are at all time lows and money IS available to lend for owner-occupied properties and small businesses thanks to gov’t. Stimulus Bill)
• NEW fund for large development projects that qualify in one of the following categories:
  - Infrastructure (roads, utilities, bridges, etc.)
  - Humanitarian (hospitals, disaster recovery, etc.)
  - Green Energy (wind farms, bio-diesel plants, etc.)
  - Job Creation (lots of projects could fit into this category)
• Government Loan Programs for Multi-Family Housing and Assisted Living Facilities

For more information call us TODAY at 863-298-8900
Visit the link below to get a Quick response to your Commercial Loan Scenario. Simply provide us with some VERY BASIC information: Quick Loan Pre-Qual form

These are the loan types that are easiest to fund given current market conditions.

1. SBA loans for owner occupied / owner run businesses up to 80% of purchase price, project costs or appraised value of real estate. We can go up to 90% of project costs for medical professionals with one of our special SBA programs. Minimum loan amount $400,000. Maximum loan amount $2,000,000. 
2. FHA loans for multi-family housing or assisted living facilities. Up to 85% 1st lien financing. 35 – 40 year amortization. Fixed rates. 1.18 DSCR. Only negative is that depending on size and complexity of project and which state the project is in – most HUD offices are back up and closings could take 4-6 months from date of application to funding. Prefer $2 million minimum. No maximum on this program.
3. FNMA / HUD loans for multi-family up to 80% LTV. Only taking 60 days to close these in most cases. $750,000 minimum loan amount to $20,000,000. Minimum DSCR was just increaased to 1.25. Need 90%+ occupancy.
4. USDA Rural loans for businesses (owner occupied and investment properties are elligible). $750,000 minimum. $10,000,000 maximum. Up to $5 million, in house underwrtiting approval. Over $5 million requires Washington DC approval so add 30-60 days to sgtandard 60 day closing process. Prime + 2.50% adjustable quarterly. To be elligible, the business / property must be based in a municipality with 50,000 or less population.
5. Loans against securities (stocks, bonds, treasuries) with no income verification or minimum credit requiirements. Loans of 60% – 80% of current asset value of portfolio. Rates are interest only in the 5% – 6% range. All we need is recent monthly or quarterly statements to review and within 3-5 business days we can generally issue a formal loan proposal offer. Close and fund in less than 30 days in most cases.

We offer many other programs, but given the tight market conditiions that exist today, these are my recommendations for the quickest and easiest route to loan approvals and closings.

Tony DeCresie
Commercial Capital Ltd.
Your #1 Source for Business & Commercial Loans
Office: 863-299-2929
Fax: 863-877-4456
Cell: 813-833-3132
http://www.commerciallendingpros.com

Private money loans are loans for situations where traditional banks will not lend. With the credit squeeze going on and banks increasingly less focused on lending, these loans have really grown over the past year. These loans are not for bad borrowers, they are for people who need money quick. Maybe it is a purchase contract that needs to close in 3 weeks, or a tight situation that just needs a short term bridge…these loans are great loans for a quick close. Common sense underwriting is the norm for these loans. There are two basic types of commercial private money loans, often called “hardmoney” loans:

• Cash flowing properties: Apartment complexes, retail strip centers, etc. These are properties that kick off enough cash to support the debt at almost 1 to 1 coverage or better. When that is the case, we have PLENTY of sources available. You may think; why if it is cash flowing does someone need hard money? The reasons are endless. I have one deal where it is a developer who has a bunch of properties working but because of long delays, they are cash poor. He has one property that he owns free and clear that is cash-flowing; we are getting him short term hard money to get him $12 Million to keep things rolling while the other loans close. We have a small $400,000 hard money loan where the guy just needs to close quick because he shopped too long and now his closing date is in 3 weeks and no one can close him. On these types of properties, money is available all the way up to $25 Million. LTV’s up to 75% are possible if the property cash flows strong. These are GREAT loans and can close quickly!
• Non-cash flowing properties: Whether it is raw land, or a vacant building that needs to be gutted and rented out or an apartment complex that is mostly empty and losing money, if it doesn’t cash flow, the rates are higher and the availability of funding is greatly diminished.. Excellent credit on the part of the borrower and borrower financial strength is critical on these deals. The lenders will also want a lower LTV, generally 50%. But a good borrower at a low LTV can get the money quick, whether it will be for cash-out, purchase, whatever. Even though these are tougher, we DO have loans available on these products from $200,000 up to $25 Million. Again, closings are generally very quick, 2-3 weeks is the norm.

Remember with private/hard money loans the terms are short. 1 to 2 years is preferred. They often have NO pre-payment penalty because the lenders want to get the money back so they can re-deploy it again. The EXIT STRATEGY IS CRITICAL. How are you going to pay it off in 1-2 years? If the exit strategy is compelling, these deals can close. But if you need money fast, and the banks are saying NO, this is a great option! To run scenarios by us, just call 863-298-8900. Remember, WE HAVE COMMERCIAL HARD MONEY LOANS AVAILABLE FOR CASH FLOWING AND NON-CASH FLOWING COMMERCIAL PROPERTIES FROM $200,000 UP TO $25 MILLION. JUST CALL 863-298-8900 TO RUN THE SCENARIOS BY US – WE CAN GET THOSE DEALS CLOSED TODAY!

Times are tough all over, and running a business is no different. At Commercial Capital, we focus on the needs of small business. One of the ways we are meeting that need is with our new “Asset Backed Loan”. As opposed to a loan on real estate, this is a loan against stocks, bonds or treasuries. These loans have INCREDIBLE interest rates under 5% and can close in TWO WEEKS!

And it is easy! Get one simple statement showing the asset, like a quarterly report, and send it in. Within 3-5 days, we will have a contract. Once you sign that contract, you fund in 7-10 business days! And the rates are typically in the 4% – 5% range! That is some of the cheapest money available! And with no credit check or income verification! You keep ownership of the securities, and if the stock goes up…you get all the benefit. A lien is placed against the stocks/bonds or treasuries, so you cannot trade them for the duration of the loan. But unlike a margin loan, the loan CANNOT BE CALLED if the stocks go down in value. It is a safe way of tapping the asset for short term needs while protecting the asset for long term gains, retirement, etc. When you pay the loan off, the lien is released!

 This money could be used by a small business to keep afloat until the economy turns. Or it could be used to pay off high interest debt, remember, we are often talking rates below 5% interest only. It can be used by real estate investors to grab some cheap homes or commercial properties…the opportunities are endless. We are currently working with developers who are in the middle of building hotels, apartments and retail properties and need to finish construction. Because they’re part way through construction, there is not a lot of interest among other lenders to provide funding. But the developers each have millions tied up in their stock portfolio. We can get them a quick few million and they can finish their projects. The opportunities this loan can bring you for some quick cash and real financial leverage are awesome! If you have any scenarios you would like to run by us, just give us a call at 863-298-8900. Minimum loan is $500,000. Get the quick cash you need today with NO credit check or income verification – at rates under 5%! Just call 863-298-8900.

We have already implemented the changes announced below by the SBA Acting Administrator of Recovery Efforts to assist all our clients in getting SBA loans closed faster, easier and at lower costs. Don’t hesitate to call or email us to see how we might be able to assist you and your business in receiving some of the additional Stimulus Bill money that has been made available thru the Small Business Administration. Visit our web site at http://CommercialLendingPros.com

***********************************************
U.S. Small Business Administration

– News Release –
***********************************************

Release Date: March 16, 2009
Contact: Mike Stamler (202) 205-6919
Release Number: 09-17
Internet Address: http://www.sba.gov/news

Statement from SBA Acting Administrator on Recovery Efforts Announced by President Obama Today

WASHINGTON – The following statement was issued today by Acting Administrator Darryl K. Hairston of the U.S. Small Business Administration following the announcement by President Barack Obama of important steps being taken by the SBA and the U.S. Department of Treasury to address the economic challenges facing small businesses and entrepreneurs across the country.

“U.S. small businesses employ about half our nation’s workers and over the last decade have created about 70 percent of all new jobs. But their access to credit and lending markets has dried up, making it harder every day for small businesses to keep their doors open and their employees working. American small businesses are one of the strongest engines for economic prosperity in the world, and we can’t let this crisis continue to undermine their growth and potential. Today President Obama reiterated his belief that we owe it to America’s small businesses to be the partner they need in the midst of this crisis. At SBA, we couldn’t agree more.

“SBA this week is implementing two key provisions laid out in the Recovery Act – we are temporarily eliminating certain loan fees and raising guarantees on some 7(a) loans up to 90 percent. With these critical steps by SBA, and the Treasury Department’s commitment of up to $15 billion aimed at getting lending markets flowing again, we are standing up with small business owners across this country and telling them how we are going to put much-needed capital in their hands.

“We hope small businesses will take the opportunity to ask their banks about the SBA loans that might be available to them. And, we encourage community banks and other lenders to work with us to reach as many qualified borrowers as we can during these difficult times.” Beginning today, the SBA will:

• Temporarily raise guarantees to up to 90 percent on SBA’s 7(a) loan program, through calendar year 2009, or until the funds are exhausted. This increase in guarantee levels will help provide banks with the greater confidence they need to extend credit during the current recession, will mean more capital available to small business owners around the country.
• Temporarily eliminate fees for borrowers on SBA 7(a) loans and for both borrowers and lenders on 504 Certified Development Company loans, through calendar year 2009, or until the funds are exhausted. This will mean more capital available to small businesses at a lower cost. The fee elimination is retroactive to February 17, the day the Recovery Act was signed. SBA is developing a mechanism for refunding fees paid on loans since then.

 Additionally, the President announced today that the Treasury Department will commit up to $15 billion to help unlock the frozen credit markets by purchasing small business loan securities currently frozen on the secondary market. By purchasing these securities, it will unlock these secondary markets, and in turn, free up more capital to jumpstart lending for small business owners. The SBA has worked closely with the Treasury Department to address the need to unlock these secondary markets for SBA loans.

For more information on the SBA and Treasury initiatives announced today by the President, visit the SBA Web site at http://www.sba.gov/.

Call us TODAY at 863-298-8900 or visit our web site at http://CommercialLendingPros.com if your loan has been denied by another lender.

Medical JobMarketplace.com (MJM) is an exciting new medical job marketplace for employers to find staff and for job seekers to find jobs. The site is competitive in size and scope and has the capacity to multiply servers within 2-14 days as the site grows. The site has a 12 million IP Appraisal on it and is current as of February 2009 and is based on the website as it sets now.

MJM once in full operational swing should generate 6M the first year 8M the second year and 11M the third year. Its style and offering is competitive with the likes of www.careerbuilders.com and www.monster.com; the website revenues are at 768,000,000.00 in a bad economy with annual reports ending December of 2008.

The owner has 29 years of experience operating a medical recruitment company and has key national contacts in the medical industry that will move the website forward. This was one of the motivations for developing this website. There is no other website in the industry like the MJM website in the medical / healthcare field.

The website IP address is: http://www.medicaljobmarketplace.com

Expansion funding is being sought in the amount of 2.5M in return for either 25% equity position in the corporation or a rate of return of investment at 12% over a 3-5 year period. Owner would like to buy back the 25% in 3-5 years based on pre-defined terms if that can be worked out. Owner will negotiate in the effort of getting this funding. Owner is aggressively seeking this capital as of March 2009.

The 2.5M includes debt service payments in the amount of 18,500.00 per month for the next 3 years with balloon note at the end of term. This was done to provide guarantee of debt service ability for the next 3 years.

If you are interested and would like a copy of the IP/website appraisal please email sandersen@nhhcc.org or call Sherry Andersen at 904-683-7564 or call Tony DeCresie at 863-298-8900, eFax 863-877-4456 or call cell at 863-833-3132 as Tony and his company are assisting Ms. Andersen in facilitating exposure and mediation-broker services in getting this funding.
The owner would consider selling the website at the appraised value. Owner is Industry savvy and understands the value of the website.

As part of the American Recovery and Reinvestment Act of 2009, signed by President Obama on February 17th, the Small Business Administration has been allocated $730 million intended to fund fee reduction, program policy changes and new loan programs that will collectively help to provide immediate financing assistance to small business owners. While the program and policy procedures have not yet been finalized by the agency, the following incentives were announced:

1. $375 million for temporary fee reductions or eliminations on SBA loans for the 7(a) Guaranty and 504 Loan Programs, as well as an increased SBA- loan guaranteed percentage up to 90% for certain loans.
2. $255 million for a new SBA loan program which would provide up to $35,000 in guaranteed financing to help small businesses meet existing debt payments.
3. $30 million for expanding the SBA Microloan Program through new lending and technical assistance grants to participating micro lenders.
4. $20 million for technology systems to streamline SBA’s lending and oversight processes.
5. $15 million to expand the SBA’s Surety Bond Guarantee Program.
6. $25 million for increased staffing.
7. $10 million for the Office of Inspector General.

The SBA is working quickly to develop the policies necessary to implement the provisions of this act. As soon as the details are in place, http://CommerialLendingPros.com will provide an update. For detailed information or a specific quote on a loan scenario, give us a call at: 863-298-8900 or 813-833-3132 Or to fill-out a quick loan scenario Pre-Qualification form visit: http://commerciallendingpros.com.