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Government-Backed Commercial Loans – HUD, FHA, SBA, USDA

Commercial Loans – HUD, FHA, SBA, USDA

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It all starts with your information request. Since every situation is unique, we make sure to directly focus on and understand our customer’s individual needs. After submitting your request, within 24 hours we will reach out to you to discuss your commercial loan options. Since 1996, our loans have helped more than 50,000 customers stay current with what they want from a commercial lender.

With real estate investors buying up commercial property, businesses struggle to win the offices, factories and warehouses that will stabilize their costs and set them up for long-term success. The good news is that the U.S government wants business to thrive. When you need to buy a property to accommodate your business growth, you may qualify for a government-backed commercial loans.

Our “soft pull” on your credit history doesn’t even affect your credit score, so you have nothing to lose by filling out an application. Read more about First Financial’s commercial loan advantages here or simply apply now! Trust A+ rated First Financial to offer you the lowest rates, best security and most convenient service.

Since 1996, First Financial has fueled the growth of American business with affordably priced commercial loans. We are proud to offer:

  • Lower interest rates – Our automated systems and online business model keeps overhead costs low. We pass these savings onto you in the form of lower interest rates and fees.
  • High commercial loan approval rates – the study above found that online lenders approve applicants 60% of the time. Large banks approved just 21% of applicants in the first quarter of 2015.[i]
  • We offer the same security as traditional banks – it’s required by the FDIC! First Financial clients have their data secured via 128-bit, “banking-level” encryption, the same offered by every lender in the United States.
  • Convenience of simple online applications, fast approval notices, documentation uploads and more. Avoid time consuming, one-on-one interviews and get your business the capital it needs from the comfort of your living room.

Housing and Urban Development (HUD) / Federal Housing Administration (FHA) Loan

Federally guaranteed programs provided by the US government’s Department of Housing and Urban Development (HUD) are grouped with Federal Housing Administration (FHA). FHA loans have many uses. Most borrowers use them to purchase, refinance, remodel and renovate multifamily or healthcare properties.

These loans are non-recourse (except for standards carve-outs). With a non-recourse loan, the lender uses collateral as security, namely the property. If the borrower defaults, the lender takes possession of the property. If the property’s value doesn’t reach the value of the defaulted amount, the lender cannot pursue the borrower for additional compensation.

Government-backed loans typically have 35 – 40 year fixed terms and amortizations. Available to anyone in the United States and for any market, these loans have low rates than the standard bank loan. Due to the long underwriting period and the closing time of FHA mortgages, business owners can arrange for an affordable, short term “bridge loan” with very low fees until closing if it is necessary.

Small Business Administration (SBA) Loan

The Small Business Administration was formed in 1953 and is an independent agency of the US government. It exists to ensure a competitive market, continuously improve the economy and represent and protect the interests of the small business community.

The Small Business Administration does many things to ensure small businesses remain the driving force of the economy. It does this by offering accepted applicants a higher loan to value and debt service coverage ratios than a traditional loan from a bank. These features help ensure that the loan is of high value to the applicant and can be paid back easier.

These loans are offered through private sector lenders, but are guaranteed by the SBA. The agency actually does not directly offer loans to anyone. Loans from the agency are available to anyone, but women and those in minority groups receive preferential treatment.  

Department of Agriculture (USDA) Loan

The Department of Agriculture provides financial support for businesses and properties in rural areas – creating jobs and stimulating the local economy. It’s main goal is to create and sustain employment and to encourage economic growth in rural parts of the country.

A commercial loan from the USDA can be used for specific types of debt refinancing, working capital, equipment and machinery, as well as real estate purchases. The USDA provides loans through a private-public partnership where the department increased the lending capability of private lenders already in the area and helps them service local projects that provide excellent benefits to the community and the economy.

The term length of loans from the USDA  are generally between 5 – 30 years. The loans are almost always full recourse, meaning that the borrower guarantees repayment of the loan and is fully responsible for it. Loans are only available in rural areas with a population of 50,000 or under.

First Financial Helps You Determine Your Best Commercial Loan

You’ve probably heard the quote “Just showing up is probably 80% of success in life.”  Businesses can show up when they capture the opportunity of expansion via a commercial loan. Remember, our “soft pull” means our credit inquiry won’t ding your credit score. You can research the rates we have on these creative government-backed loans risk-free!

Ready to grow? Apply today!

[i] Mills, Karen Gordon and Brayden McCarthy. “The State of Small Business Lending: Credit Access during the Recovery and How Technology May Change the Game” Harvard Business School. 22 July 2014


First Financial

First Financial ® Corporate Headquarters 2850 Womble Road Suite 100-604 San Diego, CA 92106

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