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Can only be used for deals involving Real Estate
Must be 25% O/O or more
Generally going to be Available Only in larger MSA's, 50,000 pop. and up 650 min. Credit Score
Must Cash Flow at 1.2 unless Special Purpose Property, then generally 1.25 DSCR
65% max LTV (local bank may go to 75%)
(understand that with a conventional loan, the entire loan is at risk. On an SBA loan, 75-90% of the losses are guaranteed by the government so exposure is limited-hence, the bank is more aggressive)