Closes $745,000 SBA 7(a) Loan In Payson, Utah

13 Feb Closes $745,000 SBA 7(a) Loan In Payson, Utah

Nelson Funding is pleased to announce the closing of a $745,000 SBA 7(a) loan in Payson, UT. The client required a high leverage (85% LTC) loan which Nelson Funding was able to originate. The funds will be used to purchase and renovate an existing building into an event center that serves the local community.  

Nelson Funding is a leader in originating SBA loans in Utah. SBA loans can be used for several purposes including purchasing a building, constructing a hotel, renovating an existing location, etc. Terms can be provided in as little as 48 hours and closings within 30 days. Pricing starts at Prime + 3/4% and zero lender points. 

Nelson Funding would like to thank all of our lending and referral partners for helping this deal happen. For a free consultation on your commercial property, email loans@nelsonfunding.com today.