Commercial Real Estate Loans
Starting a new business or expanding an existing company does have at least one thing in common – the need for space.
Through the SBA program, SAFE-BIDCO can provide real estate purchase loans of up to $750,000, on terms of up to 25 years at excellent interest rates (prime plus 2.75%, adjusted monthly).
Additionally, SAFE-BIDCO underwrites a state “brownfields” clean-up loan program that can operate in conjunction with other programs. For example, the perfect spot for a new bakery is a corner formally used as a gas station. If the property requires hazardous waste and/or other remediation to bring it into compliance with local and state regulations, we would recommend that the property owner inquire into this state program.
At SAFE-BIDCO, we’re dedicated to helping California’s small businesses and the communities they serve grow and prosper and we will do everything we can to tailor a loan program specific to your needs.