Memory
16GB
16GB unified memory
Configurable to:
32GB (M1 Pro or M1 Max) or 64GB (M1 Max)
Memory
Conventional
16GB unified memory
Configurable to:
32GB (M1 Pro or M1 Max) or 64GB (M1 Max)
SBA 7(a)
16GB unified memory
Configurable to:
32GB (M1 Pro or M1 Max) or 64GB (M1 Max)
16GB
16GB unified memory
Configurable to:
32GB (M1 Pro or M1 Max) or 64GB (M1 Max)
16GB
16GB unified memory
Configurable to:
32GB (M1 Pro or M1 Max) or 64GB (M1 Max)
Memory
16GB
16GB unified memory
Configurable to:
32GB (M1 Pro or M1 Max) or 64GB (M1 Max)
| # | Conventional | SBA 7(a) | SBA 504 | USDA B&I | Bridge | CMBS |
|---|---|---|---|---|---|---|
| Loan size | Generally up to 20MM (Exceptionally banks can go higher with participation or if their lending limit is large enough | up to $5 million | Generally upto $16 million (although a lender may go higher into $20 million range) | Generally up to $10 million | $1 million and up | $4 million and up |
| Time to Complete | 60 days | 45 to 60 days | 75 to 90 days | "Loans smaller than $5 million: 75 to 90 days Loans larger than $5 million may take longer for national funds" | 30 to 45 days | 45 to 60 days |
| Processing difficulty | Medium | Low | High | High | Medium | Medium to High |
| Rates | Generally fixed for five years or more | Adjustable based on PRIME index | Generally fixed for five years for the first position loan and fixed for 25 years for the SBA portion in the 2nd position | Can be fixed and adjustable based on PRIME index | Generally fixed for a short period of 1 to 3 years but at high rates | Generally based on 10 year SWAP rates and market driven |
| Prepayment | Negotiable | Three years | SBA portion is 10 years but the first position loan can be negotiable | Generally 3 to 5 years (negotiable) | Genrally minimum of one year of interest | 10 years defeasance |
| Fees | 1% of the loan amount often negotiated for a discount by Scientific Capital | Guarantee Fee | Guarantee Fee, other fees by SBA CDC and the lender | Guarantee Fee, other fees by SBA CDC and the lender | 1 or 2 points in, 1 point out | Processing fee (no origination fee by the originators) |
| Scientific Capital Fees | 1% of the loan amount | Paid by the lender | 1% of the loan amount | Paid by the lender | 1% of the loan amount | 1% of the loan amount (sometimes paid by the lender) |
