- Flexible financing options not available under conventional loan programs.
- Up to 90% financing on purchases of owner-occupied commercial real estate.
- Long-term financing (up to 25 years) for purchases of fixed assets.
- Fully amortized loans with no balloon payments.
- Quick approvals and closings.
For more information or to inquire about other SBA loan programs offered at Intercredit Bank, please contact us at 305.662.1414
Contact Us
SBA Loan’s Basic Financial Documentation Required
- 3 years of Business Tax Returns. All schedules and statements must be included;
- Year–To–Date Interim Financial Statement (Income Statement and Balance Sheet);
- Business Debt Schedule – Provide a list of all existing business-related debt;
- Personal Financial Statement dated within 45 days;
- 3 years of Personal Tax Returns from all guarantors and/or 20% or more ownership. All schedules, W-2 Forms and/or 1099 Forms (if applicable) must be included;
- Business Plan – required for all start-ups and business acquisitions;
- Financial Projections – required for all start-ups and business acquisitions.
Contact Us
Do I need to be an Intercredit Bank customer to apply for a SBA loan?
No. At Intercredit Bank, we welcome loan requests for both existing and new customers.
Is Intercredit Bank considering SBA loans outside of Florida?
No. Currently, we’re only considering SBA loans in the Counties of Miami-Dade, Broward, Palm Beach, and Monroe. Other areas within the State of Florida (only) may be considered on a case-by-case basis.
How do I start the application process for a SBA Loan?
By calling us at 305.662.1414 or contacting the Product Manager by email. The application forms may be provided via email or fax the same day you contact us. You may also apply in person by visiting the Intercredit Bank location closest to you.
Do you work with Brokers and/or referral sources?
Yes. We welcome loans referred by Brokers and/or referral sources; and we pay a referral fee on closed loans. If you’re broker or referral source, and wish to submit a SBA loan for approval, please contact us at 305.662.1414 or the Product Manager by email.
Is my personal credit history taken into consideration when analyzing a SBA loan request for approval?
Yes. In order to determine repayment ability we do a global cash flow analysis taking into consideration the personal obligations of the applicant(s).
Is collateral required for a SBA loan?
Yes. Intercredit Bank will take a senior lien on all business assets and/or a mortgage on real estate, if applicable.
How long does it take to process a SBA loan application?
Typically, complete loan application packages are processed within 7 business days.
Contact Us