How Jake can help you with your SBA lending journey?

Jake, based in Southwest Washington, assists businesses in Oregon, Washington, and Idaho in securing government-backed funding through SBA and USDA programs. What sets Jake apart from national SBA lenders?

Reliable and On-Time Closings: Recognizing the critical importance of timely funding, especially for business acquisitions or real estate transactions, Jake is committed to closing loans on schedule. He understands that timing is crucial and works diligently to meet deadlines.

Honest, Member-Focused Approach: Unlike lenders driven by shareholder profits, Jake’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 Expertise and Decision-Making: Jake believes business lending decisions should be made locally, by people who understand the unique challenges faced by businesses in the Pacific Northwest. Unlike lenders making decisions remotely, Jake has firsthand knowledge of the regional business environment.

Transparent and Proactive Communication: Jake prioritizes clear and consistent communication throughout the loan process. He provides regular status updates, eliminating uncertainty and keeping clients informed every step of the way.

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GET PRE QUALIFIED FOR AN SBA LOAN

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

Jake 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. Jake will review the terms and conditions with you to ensure they align with the pre-qualification offer.