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The information provided by these calculators is for illustrative purposes only and accuracy is not guaranteed. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a BLP financial professional prior to relying on the results.

This calculator does not have the ability to pre-qualify you for any loan program. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. This calculator does not calculate the Annual Percentage Rate or Average Prime Offer Rates. BLP does not guarantee any of the information obtained by this calculator.

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Can space be leased to third party tenants? - BLP - Business Lending Partners
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Can space be leased to third party tenants?

August 28, 2023
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Can space be leased to third party tenants?

Yes! For existing commercial real estate properties, the borrowing company must occupy at least 51% of the leasable area and the remainder can be leased to third parties. For new construction buildings, the borrowing company must occupy 60% of the leasable area immediately with plans to occupy 80% over time.

Category: SBA 504
Tags: Business Owners, Current Borrowers, Lenders and Brokers
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