- Earn 0.25% Of The Amount Financed At Closing With Wachovia Small
Business Capital In Upromise ScholarDollars.
UPROMISE SAMPLE EARNINGS:
(Based on financing a business commercial property for $900,000)
|
Earnings Category
|
Earnings Amount
|
Upromise ScholarDollars™ Earned*
|
Finance A Business Commercial, Office Building, Or Industrial Property
|
Earn 0.25% Of The Amount Financed At Closing With Wachovia Small
Business Capital In Upromise ScholarDollars
|
2,250
|
BUSINESS LOANS
Wachovia Small Business Capital has been one of the top
U.S. Small Business Administration (SBA) Lenders in the nation for
over 20 years. With Wachovia’s lending expertise, they will help you gain
greater flexibility while securing the loan needed for just about
any business use.
Commercial Real Estate Loans
Commercial real estate loans from Wachovia Small Business Capital (WSBC) can provide from $250,000 to $5 million in financing while preserving working capital and maximizing monthly cash flow. Selecting WSBC for your commercial real estate financing needs means you can choose from a variety of loan programs and terms, including SBA 7(a) and 504 loans and Conventional Loans.
SBA 7(a) Commercial Real Estate Financing:
-
Quick approvals and funding with easy financing terms. SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and equipment purchases, and working capital.
-
Down payments as low as 10%
-
Loan amounts from $250,000 to $2 million
-
Competitive rates
-
Low monthly payments with up to 25-year amortizations available
-
Quick approvals and fast closings
-
Owner-occupancy as low as 51% on an existing building
SBA 504 Commercial Real Estate Financing:
The perfect SBA loan for larger project sizes.
With its large loan amounts and low monthly payments, the SBA 504
Loan Program is ideal for larger real estate purchases or construction
projects.
SBA 504 Benefits
-
Large loan amounts with up to $5 million financing available on a project size of up to $6 million
-
Consists of two (2) loans: the 1st loan from Wachovia Small Business
Capital of up to $5 million, the second loan from a Certified Development
Corporation that is guaranteed by the U.S. Small Business Administration
(SBA). Please note, on this particular product only the Wachovia
Small Business Capital 504 1st portion of the loan is eligible for
earning miles
in the Awards For Mortgage And Real Estate program.
-
Competitive fixed and variable rates
-
Low monthly payments with up to 25-year fully amortized loans available
-
Commercial occupancy as low as 51%
-
Loan amounts from $500,000 to $5,000,000
Conventional Commercial Real Estate Financing:
A great combination of features and benefits. For the purchase, construction
or refinancing of commercial real estate with cash out for business
purposes.
Conventional Loan Benefits
- Up to 85% loan-to-value financing
-
Long repayment terms - up to 25 years, provides lower monthly payments,
improves cash flow, and makes qualifying easier
-
Loan amounts from $500,000 to $5,000,000
Construction Loan Program
Wachovia's Construction Loan Program can be used for:
-
Ground-up construction
-
Renovation
-
Tenant improvements
Construction Loan Benefits
-
Integrated financing: a single approval and closing process facilitates
obtaining both short-term construction and long-term financing simultaneously
-
As little as 10% down
-
Long repayment terms-up to 25 years
Medical, Dental, Veterinarian Financing
Wachovia Small Business Capital is a leader in the field of financing for medical, dental and veterinary professionals. Our flexible financing structure provides competitive rates, terms, and flexible down payments that preserve working capital.
This program can be used for:
-
Commercial real estate purchase or construction
-
Practice acquisition
-
Machinery and equipment purchase
-
Working capital and inventory
-
Or a combination of purposes
- For licensed dentists, medical doctors, and veterinarians only
Medical, Dental, Veterinarian Financing Benefits
- Up to 90% financing available
-
Long repayment terms - up to 25 years
- Large loan amounts up to $2 million
- Fully amortized repayment schedules with no balloon payments
Types Of Business Loans Not Eligible For Financing And Earning Miles
Through This Program
- Loans for non-profit organizations. The business should be a profitable
operation for at least 2 fiscal years.
-
If the loan is for commercial real estate, the borrower must occupy
at least 51% of the existing building.
-
If the loan is for the new construction of commercial real estate,
the borrower must occupy at least 60% of the new building.
-
Business real estate loans should have at least 10% equity or cash
for down payment.
-
Residential and investment properties are not eligible for business
financing.
- Business line of credit loans are not available. Only term loans are available.
- These are business loans made to businesses, with the business held as obligor and/or guarantor. Personal loans are not eligible for business financing.
TO GET STARTED, PLEASE CALL 1-888-800-8007 or
CLICK
HERE TO REGISTER ONLINE
* All business, commercial, industrial loan applications
or requests for other services must be submitted either online through
this site or by phone at 1-888-800-8007. Business, commercial, or
industrial loan applications or requests for other services submitted
through any
other phone number, online site, or branch office are not eligible
to earn Upromise ScholarDollars in this program. Only the loans funded
and closed by Wachovia Small
Business Capital are eligible to earn Upromise ScholarDollars. Loans
funded and closed by a Certified Development Corporation are not
eligible to earn Upromise ScholarDollars.
Restrictions apply, see terms and conditions.
|
