SBA Loans
www.nar.realtor/sba-loans
About
The Small Business Administration (SBA) works with lenders to provide loans to small businesses, through a variety of loan programs. Real estate professionals are eligible for SBA-backed loans for their businesses if they qualify as a “small business” in the U.S.
Member Benefits
There are several SBA programs that can benefit real estate professionals. The SBA’s most popular loan program, 7(a), provides loans for startup costs, including purchasing new land, purchasing or expanding existing businesses, and refinancing existing debt. The 504 Loan or Certified Development Company (CDC) program provides financing for the purchase of fixed assets, including real estate and equipment. For startups and small businesses with lower capital needs, the SBA has a “microloan” program, which provides loans between $500 and $50,000 for new startups and small businesses that cannot get financing elsewhere.
Shop Realtor®
Pre-Appointment
For Realtors®, each day presents an opportunity to cultivate client relationships. For new Realtors®, what’s that first step? Experienced Realtors® have likely developed successful strategies yet may not be familiar with the latest tools and industry practices that could propel them to greater levels of production. The Shop Realtor® concept offers pre-appointment solutions for every stage of a Realtor’s® career.
Before that first appointment, Shop Realtor® provides tools to help members prepare for a client meeting. Whether it’s a national property database, multiple listing service, marketplace statistics, a network of finance professionals, or presentation resources, Realtors® have access to facts, figures and connections that will make them the trusted local expert.
