How Sunwan can help you with your SBA lending journey?

                 Sunwan이 SBA 대출 여정에 어떻게 도움을 드릴 수 있나요?

Based in Western Washington, Sunwan assists businesses in Washington, Oregon, and Idaho in accessing government-backed financing through SBA and USDA programs. What distinguishes Sunwan from national SBA lenders?

Reliable and Timely Closings: Sunwan understands that timing is critical, particularly for business acquisitions or real estate transactions. He prioritizes on-time closings and works diligently to meet deadlines, ensuring clients receive funding when they need it.

Honest, Member-Focused Service: Unlike lenders driven by shareholder profits, Sunwan’s credit union prioritizes finding the best solution for each client. He offers personalized guidance without pressure and connects clients with other resources if he can’t directly assist them, creating a comfortable, family-like experience.

Local Understanding and Decision-Making: Sunwan believes that business lending decisions should be made by individuals who understand the specific challenges faced by businesses in the Pacific Northwest. Unlike remote decision-making processes at national lenders, Sunwan offers local expertise and insight.

Transparent and Proactive Communication: Recognizing the crucial role of communication during the loan process, Sunwan provides regular, private status updates to keep clients informed and eliminate any uncertainty.

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Benefits of SBA/USDA Lending

Lower Down Payments

SBA loans often require significantly lower down payments than conventional loans, sometimes as low as 10%, and in the case of expansion projects, financing may even be available with no down payment.

Lower Monthly Payments

Longer loan terms result in lower monthly payments, which improves business cash flow.

More Flexibility

This can include flexible payment options, such as interest-only to assist with the initial loan period or deferred payments. Additionally, SBA loans offer more flexible collateral requirements

Lending Options

SBA 7a

Acquire a Business, Buy part of a Business, Purchase Commercial Real Estate, Construct Commercial Real Estate, Purchase Equipment, Purchase Inventory and/or provide Working Capital.

The most flexible business loan product. 

SBA 504

Purchase a Commercial Building, Construct a Commercial Building, Refinance a Commercial Building or Purchase Large Equipment with a below market 25 year fixed rate.

USDA

Purchase a Commercial Building or Construct a Commercial Building in Rural Markets with population under 50,000

The SBA Process

Pre-Qualification

Sunwan can provide a pre-qualification letter within three days. This letter informs brokers and sellers that a lender has reviewed your financial information and considers you a strong lending candidate.

Underwriting/ Due Dilligence

Within 5-15 days, the lender will thoroughly review all financial documents and order any necessary reports, including business valuations, appraisals, and environmental assessments. It’s common for the lender and associated third parties to have questions during this review process.

Closing

Within 5-7 days, the lender will seek final approval and prepare the loan documents. Sunwan will review the terms and conditions with you to ensure they align with the pre-qualification offer.