SBA & USDA Loans

Aileron Government Loan Programs

Aileron's SBA loan programs are designed to meet the needs of growing small- and mid-sized businesses, and offer many advantages over conventional bank loans and other types of financing. For the cash-conscience business owner, our 504 program provides up to 90% loan-to-cost financing, allowing you, the business owner, to maintain greater liquidity. Additionally, our programs offer longer amortization periods and terms than traditional bank loans, which means lower monthly payments and better cash flow.

SBA 504 Construction Loan Program Highlights

Aileron Capital’s SBA 504 construction loan program provides up to 90% LTV financing (80% for special use) for the construction of owner occupied commercial properties. The loan is comprised of a first mortgage provided by Aileron, an interim (bridge) second mortgage loan provided by Aileron, and a permanent second mortgage loan funded by the SBA through a debenture offering upon completion of the construction. Rates for the first mortgage can vary, depending on property type and borrower strength, and the SBA second is fixed over the 20-year, assumable for the life of the loan. RECENTLY CLOSED DEALS

Loan Amount:Up to $20,000,000
Term:Up to 30 years
Minimum Personal Credit Score:680 FICO
Lending Territory:Nationwide
Loan to Value:Up to 90% for multi-use; Up to 80% for special-use
Minimum DSCR:Projection 1.20X for multi-use; 1.25X for special-use
Property Types:All commercial real estate; focus on hotels and assisted living
Collateral:First mortgage/trust deed
Prepayment Penalty:Five year lock-out
Guarantees:Full recourse
Rate and Fees:Rates starting at 6%; Call for pricing

SBA 504 Loan Program Highlights

Aileron Capital’s SBA 504 loan program provides up to 90% LTV financing to small businesses who are the primary users of their buildings. The loan is comprised of a first mortgage provided by Aileron, and a second mortgage funded by the SBA through a debenture offering. Rates for the first mortgage can vary, depending on property type and borrower strength, and the SBA second is fixed over the 20-year, assumable for the life of the loan. RECENTLY CLOSED DEALS

Loan Amount:Up to $12,000,000
Term:Up to 25 years
Minimum Personal Credit Score:680 FICO
Lending Territory:Nationwide
Loan to Value:Up to 90% for multi-use; Up to 85% for special-use
Minimum DSCR:1.20X for multi-use; 1.25X for special-use
Property Types:All commercial real estate
Collateral:First mortgage/trust deed
Prepayment Penalty:Five year declining
Guarantees:Full recourse
Rate and Fees:Rates starting at 4%; Call for pricing

USDA B&I Program

Aileron's USDA Business & Industry (B&I) loan program provides up to 80% loan-to-value financing for the acquisition or refinance of owner occupied commercial real estate located within eligible rural areas. This program helps to create and maintain employment, and improve the economic and environmental climate in rural communities. CLICK HERE TO SEE IF YOUR PROPERTY IS ELIGIBLE

Loan Amount:Up to $10,000,000
Term:Up to 30 years
Minimum Personal Credit Score:640 FICO
Lending Territory:FL, CA, GA, WA, TX, OK, and LA
Loan to Value:Up to 80%
Minimum DSCR:1.25X DSCR
Property Types:All commercial real estate located in USDA eligible areas
Collateral:First mortgage/trust deed
Prepayment Penalty:Typically five year declining
Guarantees:Full recourse
Rate and Fees:Call for pricing