The Small Business Administration (SBA) is to maintain and strengthen the Nation's economy by aiding, counseling, assisting, and protecting the interests of small businesses and by helping businesses and families recover from economic and other disasters.
The following underwriting and closing checklists are provided as resources. They are not meant to be all-inclusive, as documentation requirements and considerations may vary with the type of property and uniqueness of a deal.
A bank's commercial construction lending activities can encompass a wide variety of projects ranging from apartment, condominium, and office buildings, to shopping centers and hotels. Each type of project requires a developer with special skills and expertise to successfully construct, manage, and market the project.
Commercial real estate loans include loans secured by liens on condominiums, leaseholds, cooperatives,
forest tracts, land sales contracts, construction project loans, and in the few states where they are considered real
property, oil and other types of mineral rights. National banks may make, arrange, purchase, or sell loans or extensions of credit secured by liens on interests in real estate.
