Commercial Property Check

Buying a building for your business

The building

Purchase priceLeave blank to see how much building you can carry. Renovation or build-outLeave at 0 if none. Closing costs Property tax per year Insurance and upkeep per year Value growth per year

Your business

Rent you pay nowInclude taxes, insurance, and upkeep you pay under your lease. Rent increase per year Business profit last yearBefore taxes. Enter a loss with a minus sign. Cash you can put in

My business will use at least 51% of the building The business is less than 2 years old It's a special-purpose building, such as a hotel, car wash, or gas station

Rates and loan terms

Example rates for September 2026, when the prime rate is 6.75%. Change them to your lender's quotes.

504 bank part rate 504 bank part paid over 504 SBA part rateFixed. Set each month. 504 SBA part paid over Fees added to the SBA part SBA 7(a) ratePrime plus up to 3% on loans this size. SBA 7(a) paid over SBA 7(a) down payment Bank loan rate Bank loan paid over Bank loan down payment Coverage lenders look for

Add the SBA guaranty fee to the 7(a) loan

Your situation

Your credit score

I need to close in under 30 days The property needs work before a bank will lend A bank or SBA lender already said no Bankruptcy, foreclosure, or tax lien in the last few years

Have you found the building? Is a broker representing you?

Building a new building for your business

The land and the building

Land priceOr what it's worth, if you already own it. Construction costFrom your contractor's bid. Architect, permits, and fees Cushion for surprises Months to build Interest rate while buildingPaid only on what's been drawn. Closing costs Property tax per year Insurance and upkeep per year Value growth per year

We already own the land

Your business

Rent you pay nowInclude taxes, insurance, and upkeep you pay under your lease. Rent increase per year Business profit last yearBefore taxes. Enter a loss with a minus sign. Cash you can put in

My business will use at least 60% of the new building The business is less than 2 years old It's a special-purpose building, such as a hotel, car wash, or gas station

Rates and loan terms

Example rates for September 2026, when the prime rate is 6.75%. These are the loans once the building is done.

Add the SBA guaranty fee to the 7(a) loan

Your situation

Your credit score

I need funding in under 30 days A bank or SBA lender already said no Bankruptcy, foreclosure, or tax lien in the last few years

Refinancing a building you own

The building and your loan

Who uses the building?

What it's worth todayYour best estimate. The lender orders an appraisal. Loan balance today Your payment now Your rate now What happens next In how many yearsUse 0 if it's due now. Prepayment penaltyIf your loan has one. Cash you'd like to take out Closing costsShare of the new loan.

Your business

Business profit last yearBefore taxes. Enter a loss with a minus sign. Loan interest and depreciation last yearFrom your tax return. Lenders add these back.

My business uses at least 51% of the building The business has been open at least 2 years Payments have been on time for the last 12 months

Rates and loan terms

Example rates for September 2026, when the prime rate is 6.75%. Change them to your lender's quotes.

Bank loan rate Bank loan paid over Most a bank lends, business useShare of the building's value. Most a bank lends, rented to tenants 504 bank part rate 504 bank part paid over 504 SBA part rateFixed. Set each month. 504 SBA part paid over Fees added to the SBA part Most SBA 504 lendsUp to 90% of the value. SBA 7(a) rate SBA 7(a) paid over Most SBA 7(a) lendsVaries by lender. Coverage lenders look for

Your situation

Your credit score

I need to pay off my loan in under 30 days A bank or SBA lender already said no Bankruptcy, foreclosure, or tax lien in the last few years

Buying an investment property

The property

Name or address

Purchase price Closing and buying costs Building size Property type

Income

Income source

Description	How many	Monthly rent each

Vacancy and unpaid rent Rent increase per year Other income per yearParking, storage, or tenant reimbursements.

Operating costs per year

Property tax Insurance Repairs and maintenance Property management Utilities Other Cost increase per year

The loan

Loan amount Interest rate Paid off over Loan fees

Selling later

Years you'll keep it1 to 10 years. Value growth per year Selling costs

Your taxes

Federal income tax rate State income tax rate Federal capital gains rate Depreciation recapture rateThe federal maximum is 25%. Building share of priceThe rest is land, which isn't depreciated. Rental tax losses Return on an alternative investment

Your situation

Your credit score

I need to close in under 30 days The property needs work before a bank will lend A bank or SBA lender already said no Bankruptcy, foreclosure, or tax lien in the last few years

Have you found the property? Is a broker representing you?

The most you should pay

So the rent covers the loan times

To earn % cash on cash in year one

Equipment or working capital

What you need

What is it for? What are you buying? Equipment cost How long it will lastIts useful life. Working capital neededInventory, payroll, or a new contract.

Your business

Business profit last yearBefore taxes, after paying the loans you have now. Enter a loss with a minus sign. Loan payments you make nowAll business loans, leases, and lines. Cash you can put in

The business is less than 2 years old

Rates and terms

Example rates for September 2026, when the prime rate is 6.75%. Change them to your lender's quotes.

Equipment loan rate Equipment loan paid over Equipment loan down payment SBA 7(a) rate SBA 7(a) paid over SBA 7(a) down paymentOn the equipment. Lease rate Lease length At the end of the lease Value left at the endOnly for fair value leases. Line of credit rate Prime rate todaySets SBA's maximum rate. Coverage lenders look for

Add the SBA guaranty fee to the 7(a) loan

Your situation

Your credit score

A bank or SBA lender already said no Bankruptcy, foreclosure, or tax lien in the last few years

Know what a commercial property will really cost you before you sign.

Buying a building for your business

The building

Your business

Your situation

Building a new building for your business

The land and the building

Your business

Your situation

Refinancing a building you own

The building and your loan

Your business

The rent

Your situation

Buying an investment property

The property

Income

Operating costs per year

The loan

Selling later

Your situation

Equipment or working capital

What you need

Your business

Your situation

Documents lenders usually ask for