SBA & USDA Loans

AILERON GOVERNMENT LOAN PROGRAMS

As a privately owned and operated company, Aileron is managed by a group of principals that share the same entrepreneurial spirit and mindset as the clients with whom we work. It is because of this like-mindedness that we truly understand the ever-evolving needs of small business owners, and recognize that each situation is unique. We listen carefully to our clients in order to fully understand their needs, and provide them with the capital necessary to meet their growth objectives, which in turn creates more jobs within their communities.

Aileron’s specialty finance platform focuses on government guaranteed loan programs, including the U.S. Small Business Administration (SBA) 504 program, and the USDA B&I (Business and Industry) program. The firm provides first mortgage loans for the acquisition, construction, and/or recapitalization of owner occupied commercial properties nationwide.

SBA 504 Loans

Aileron Capital’s SBA 504 loan program provides up to 90% loan-to-value financing (80% for special use) for the acquisition, construction, or refinance of owner occupied commercial properties. The transaction is comprised of a first mortgage loan 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. Rates for the first mortgage loan can vary, depending on property type and borrower strength, and the SBA second is fixed over the 20-year term, assumable for the life of the loan.

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SBA 504 CONSTRUCTION LOAN PARAMETERS

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 Loans

Aileron’s USDA Business & Industry (B&I) loan program provides up to 80% loan-to-value financing for the acquisition, construction, or refinance 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.

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USDA B & I LOAN PARAMETERS

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