SBA 7a Finance

Here are three great reasons to consider refinancing your current loan or using the SBA 7(a) for your next acquisition.  Cornovus Capital can connect you with the SBA lender most interested in your kind of work. Not every SBA lender will say “yes” to every kind of loan, which is why you want to talk with the experts at Cornovus Capital.  Reason #1 Borrowers who take out new 7(a) loans prior to October, 2021 will receive the first 6 months of principal and interest payments. Payments will be capped at $9,000/month for a maximum total of $54,000. We consider that “free money.” Reason #2 SBA is waiving the guarantee fees for borrower and lender! The guaranty fee covers the costs of the 7(a) program so...

An attractive resource for business and commercial real estate borrowers SBA 7(a) lending is a fantastic resource for borrowers in industries including hospitality, medical, assisted living/skilled nursing, retail, manufacturing restaurants and more. Its name comes from the narrative section of the Small Business Administration Act, which authorizes the agency to fund small business. Applicants must meet certain eligibility criteria including occupancy and/or use of at least 51% of the space. The loan doesn’t come from the SBA; it comes from an approved commercial lender, and you can find those easily within a quick internet search. The attractiveness to borrowers is the range of loan sizes, long repayment terms and relatively low-interest rates. The attractiveness to lenders is that up to 75% of the...

When the owners of a 131-room, full-service hotel in Pennsylvania decided to convert from Clarion to the Trademark by Wyndham brand, they turned to Gerard “Jerry” Dehner, Managing Partner of Cornovus Capital, a Cincinnati-based commercial real estate and business finance advisory firm. Working through a private-debt fund, Cornovus helped the hoteliers arrange a $5.65 million refinance, reposition, and PIP loan to fund the conversion. The transaction was structured with an interest-only period, converting to an amortizing loan structure. Cornovus Capital arranges transaction financing for commercial real estate and business owners across the country. We maintain established, long-term relationships with partners in sectors that include SBA, CMBS, life insurance, hedge funds, private capital, and regional and national banks. For more information, contact Jerry Dehner at...

CINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged acquisition financing of for a distributor of industrial electrical heating elements, controls and automation products. The transaction was structured as an SBA 7a loan, with a 10-year fully amortizing loan schedule. For more than 20 years, Gerard Dehner, Managing Partner Cornovus Capital, has arranged transaction financing for commercial real estate and business owners across the country. We work with established, long-term relationships, including SBA, CMBS, life insurance companies, hedge funds, private capital, regional and national banks. For more information contact Jerry Dehner, Managing Partner at 513-792-2727 or visit: www.CornovusCapital.comr...

CINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged acquisition financing of $3.85 million for a used car dealership. The transaction was structured as an SBA 7a loan, with a 10-year fully amortizing loan schedule. For more than 20 years, Gerard Dehner, Managing Partner Cornovus Capital, has arranged transaction financing for commercial real estate and business owners across the country. We work with established, long-term relationships, including SBA, CMBS, life insurance companies, hedge funds, private capital, regional and national banks. For more information contact Jerry Dehner, Managing Partner at 513-792-2727 of visit: www.CornovusCapital.com...

CINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged construction loan financing of $4.25 million for a Boutique Hotel, 25-rooms, 225 seat upscale restaurant, and meeting space. The transaction was structured with an 18-month construction term, converting to a 5-year term on a 25-year amortization schedule. For more than 20 years, Gerard Dehner, Managing Partner Cornovus Capital, has arranged transaction financing for commercial real estate and business owners across the country. We work with established, long-term relationships, including SBA, CMBS, life insurance companies, hedge funds, private capital, regional and national banks. For more information contact Jerry Dehner, Managing Partner at 513-792-2727 or visit: www.CornovusCapital.com...