PERSONAL BUSINESS MORTGAGE ABOUT CONTACT LOGIN Small Business (SBA) Lending Small business doesn’t mean thinking small. Evolve specializes in providing long-term, permanent financing to small businesses through the Small Business Administration (SBA) guaranteed loan programs. We are proud to have been designated a preferred lender (PLP) by the SBA, meaning the approval process has been trusted to Evolve. As a result, we are able to provide you with faster and more efficient processing of your SBA loan applications. Start It Up – Financial First Steps for a Small Business Find out how Evolve can work for your small business today. COMMERCIAL/INDUSTRIAL REAL-ESTATE FINANCING Purchase – Build – Refinance – Renovate – Owner-occupied Commercial Real Estate (multi use and single use properties) Gas Stations (franchise only) Franchise Restaurants Auto Repair / Maintenance facilities Limited Service Hotels (franchise only) Assisted Living Facilities Medical / Dental / Veterinary offices EXISTING BUSINESS ACQUISITION LOANS Your company’s cash flow and management capabilities are our primary qualification criteria Up to 80% Financing Loans Fully Amortized– No Balloons No Prepayment Penalty 48 Hour Pre-Qualification EQUIPMENT FINANCING Commercial Printing and Binding Machine Tools Manufacturing Heavy Equipment Medical & Diagnostic LOANS UP TO $5 MILLION FOR SBA 7(A) AND UP TO $10 MILLION FOR SBA 504 No Cost Pre-Qualification Letters Competitive Rates and Flexible Terms No prepayment penalties on terms less than 15 years for 7(a) programs Up to 90% Financing Up to 25-year Terms for Real Estate Full Amortization Fixed and variable rate options available for both 7a and 504 program Running a small business is quite time consuming. Evolve provides 21st century technology partnered with amazing service. It’s such a relief to have a bank that delivers your needs. Thank you, Evolve, for making my banking effortless. ADINA WISEMAN, OWNER, LIVEFIT 7(a) Loan Program We specialize in providing long term permanent financing to small businesses. Our, loans, including 7(a) Loan Program, are made through the Small Business Administration (SBA) guaranteed loan programs. Eligible Businesses and Property Types Almost any type of for-profit business is eligible. Commercial real-estate must be partially occupied by borrower and includes, but is not limited to, the following types of properties: Office Buildings Warehouses Industrial Buildings Manufacturing Child Care Facilities Car Wash Facilities Automotive Repair Shops Professional Buildings Hotels Gas Stations Franchises Start-ups Use of Proceeds Real-estate acquisition, construction, or refinance – up to 90% financing available Business Acquisition – up to 80% financing available Equipment Acquisition – up to 90% financing available Debt Refinance -up to 100% financing available Terms Up to 25 years for real-estate financing Up to 10 years for equipment or business acquisition financing Up to 7 years for permanent working capital All loans are fully amortized. INTEREST RATES AND FEES Interest rates are always market competitive. Fees are generally limited to the SBA guaranty fee and customary closing costs. LOAN STRUCTURES Loan amounts range from $350,000 to $5,000,000 504 Loan Program The 504 Loan Program provides small businesses with long-term, fixed-rate financing to acquire major fixed assets for expansion or modernization. Eligible Businesses and Property Types Most for-profit business is eligible for financing. Commercial real-estate must be 51% or greater owner occupied Use of Proceeds Real-estate acquisition, construction, or refinance – up to 90% financing available Equipment Acquisition – up to 80% financing available Terms First Mortgage – up to 25-year term for real-estate loan and up to 15-year term for equipment purchase Second Mortgage – up to 20-year term for real-estate and up to 15-year term for equipment purchase. Fixed rate is determined at SBA guaranteed 504 debenture sale. INTEREST RATES AND FEES Interest rates are always market competitive. Fixed and variable interest rates available. Fixed rates are determined at the SBA guaranteed 504 debenture sale. For Second Mortgages there are fees of 2.75% + a legal review fee. This is financed in the loan. Fees also include customary closing costs, construction loan fees (if applicable), and bridge fees. LOAN STRUCTURES Financing available on projects up to $10,000,000. Evolve Bank & Trust typically provides a first mortgage of up to 50% of the total loan-to-value. This loan can range from $350,000 to $5,000,000. The SBA, through a Certified Development Company (CDC) provides up to 40% loan-to-value in a second lien position. This loan can range from $350,000 to $4,000,000. USDA Business & Industry Complementing our SBA loan offerings, Evolve Bank & Trust also offers Business & Industry (B&I) Guaranteed Loans. This program is designed specifically to provide for the borrowing needs of businesses located in rural areas. Our goal is to encourage and provide commercial financing for rural businesses. The B&I Loan Program is made available through the United States Department of Agriculture (USDA) guaranteed loan program. Eligible Businesses and Property Types Assistance under the USDA B&I Guaranteed Loan Program is available to most legally organized entities — including cooperatives, corporations, partnerships, trusts and other profit or nonprofit organizations, Indian tribes, federally recognized tribal groups, municipalities, counties or state political parties. Use of Proceeds Working capital Machinery and equipment Buildings and Real Estate Investment property Other types of debt refinancing Terms Up to 30 years for real-estate financing Up to 15 years for equipment or business acquisition financing Up to 7 years for permanent working capital All loans are fully amortized. INTEREST RATES AND FEES Rates can be fixed or variable. LOAN STRUCTURES Loan amounts range from $350,000 to $5,000,000 USDA Financing For Rural Multifamily Housing Developments As part of its mandate to develop farming communities, the United States Department of Agriculture (USDA) provides affordable loans to build housing for low and moderate income families in rural areas. The U.S. government guarantees the loans of commercial lenders, with programs like USDA 538 loan guarantee program, who then provide financing to developers of low and moderate income multifamily projects in rural areas. Click here for more information. Application Documents DOWNLOAD APPLICATION, CHECKLIST AND SBA FORMS BELOW: Evolve SBA iApplication Application Checklist Personal Financial Statement Borrower Information Form (SBA Form 1919) Authorization to Release Information Accounts Receivable / Accounts Payable Aging Summary Beneficial Ownership Certification IRS Form 4506T Joint Credit (Reg B) Suggested Business Plan Outline Banking and Business Acquisition Loans for Small Businesses Managing a successful small company is more difficult than many people believe. Growing a business from the ground up requires a lot of hard work, and one of the most common ways to increase the speed of growth is to acquire another existing company. An acquisition isn’t always smooth sailing, however. Many things can go wrong. Business owners need to carefully consider all of the variables involved before making a decision. Acquiring capital is another major issue that must get resolved: Purchasing another company requires a tremendous amount of money, and few companies have the cash to make the purchase. Working with a bank like Evolve Bank & Trust to receive approval for a business acquisition loan can provide the answer to your acquisition funding needs. What is a Business Acquisition Loan? Receiving approval for a business acquisition loan is not easy. Banks will require a considerable amount of information about the financial position of both companies involved in the acquisition. Small business owners need to be prepared to produce lengthy documentation to get approved. The loan amount is based on the value of the business getting acquired. Banks will use estimators to determine the fair market value of the company, and that can be difficult because in some industries, it is difficult to value a corporation. In industries with a lot of growth, companies are valued differently than companies in industries that are stagnant. Our business acquisition loan experts can help you through this intricate process, explaining it and answering your questions all along the way. Benefits of a Business Acquisition Loan There are numerous benefits of using a business acquisition loan during the purchasing process. Not only does a loan give business owners the needed capital to keep running the business in the meantime, but it also provides funding for and documentation on the purchase. If you’re thinking of acquiring another company as a way to expand your business, get in touch with us at Evolve Bank & Trust. We take pride in helping small business owners understand how funding works, which term loans are best to apply for in their situation, and what their repayment options are. Contact us today to get started. Meet the SBA Lending Team Get started SBA LOAN APPLICATION SBA 7(A) LOAN PROGRAM SBA 504 LOAN PROGRAM USDA LOAN PROGRAMS MEET THE SBA LENDING TEAM Get started with Small Business (SBA) Lending Please do not send sensitive personal information, financial or otherwise, through an unsecured forum. CONTACT US 866.395.2754 Disclosures Privacy Policy Fraud & Security SBA COVID-19 Loan Assistance For information regarding the SBA’s COVID-19 loan relief resources, including the Paycheck Protection Program (PPP), please click here. x