Limited-time offer: 3.99% fixed interest rate for the initial 12 payments of an SBA commercial real estate loan loan1
February 09, 2024
Between February 1 and April 30, 2024, Wells Fargo is offering SBA 7(a) or 504 loans for owner‐occupied commercial real estate with a special promotional rate. Qualified applicants will receive a 3.99% fully fixed interest rate for the first 12 payments of the loan.1,2
The SBA loan may be used for the initial purchase or the refinance of owner-occupied commercial real estate.1,2,3 In addition, up to $500,000 for construction improvements, working capital, and equipment, can be included in the loan.4
Following the initial 12 payments, you’ll realize a competitively priced, fully fixed interest rate for the remaining loan term.5 Further, SBA loans may offer longer repayment terms – potentially up to 25 years – and down payments as low as 10%.6
There are many good reasons to stop paying rent and to start building equity in your business through ownership of the facility from which your business operates. And, Wells Fargo is offering you one more great reason between now and April 30, 2024.
Let’s start a conversation today about SBA financing options that can help you own your business facility and achieve greater control over your business operations and associated expenses.
Morgan Montgomery
Senior Small Business Administration Sales
Representative
503-888-2577, Morgan.Montgomery@wellsfargo.com
Danicia Shirayev
Senior Commercial Relationship Manager
907-350-5606, Danicia.Shiryayev@wellsfargo.com
1. Applicant must submit a loan application and/or personal or business financial statements and/or personal or business tax returns and/or a business debt schedule to Wells Fargo between February 1 and April 30, 2024, and the loan must close by December 31, 2024.
The SBA loan may be used for the initial purchase or the refinance of owner-occupied commercial real estate.1,2,3 In addition, up to $500,000 for construction improvements, working capital, and equipment, can be included in the loan.4
Following the initial 12 payments, you’ll realize a competitively priced, fully fixed interest rate for the remaining loan term.5 Further, SBA loans may offer longer repayment terms – potentially up to 25 years – and down payments as low as 10%.6
There are many good reasons to stop paying rent and to start building equity in your business through ownership of the facility from which your business operates. And, Wells Fargo is offering you one more great reason between now and April 30, 2024.
Let’s start a conversation today about SBA financing options that can help you own your business facility and achieve greater control over your business operations and associated expenses.
Morgan Montgomery
Senior Small Business Administration Sales
Representative
503-888-2577, Morgan.Montgomery@wellsfargo.com
Danicia Shirayev
Senior Commercial Relationship Manager
907-350-5606, Danicia.Shiryayev@wellsfargo.com
1. Applicant must submit a loan application and/or personal or business financial statements and/or personal or business tax returns and/or a business debt schedule to Wells Fargo between February 1 and April 30, 2024, and the loan must close by December 31, 2024.
2. All financing is subject to credit approval and loan authorization from the United States Small Business Administration.
Additional collateral may be required.
3. Existing commercial real estate loans with Wells Fargo Bank, N.A. or any Wells Fargo affiliate are excluded from this promotion.
4. In order for construction improvements to qualify for this promotion, the final approved construction budget must be received prior to loan closing. Only improvements to an existing building are eligible for the promotion; ground-up construction projects are not eligible.
5. This fully fixed interest rate for the remaining loan term will be higher than the 3.99% introductory rate for the first 12 payments of the loan.
6. Refinancing with a longer term may decrease monthly payments, but increase the total interest paid over the life of the new loan.
Contact:
Morgan Montgomery, SBA Development Officer
Morgan.Montgomery@wellsfargo.com, (503) 888-2577
