Harvest Small Business Finance

Harvest Small Business Finance, LLC is a Small Business Lending Company that originates, owns, sells, and services small business loans backed by first-lien, owner-occupied, multi-purpose commercial real estate under the SBA 7(a) loan programme. It holds an SBLC licence from the SBA, one of a limited number that allow non-banks to originate 7(a) loans, and it lends to small business borrowers who have been turned away by large, regional, and community banks.

Since July 2016 the firm has originated approximately $1.4 billion of SBA 7(a) loans and services a portfolio in excess of $1.1 billion. Of the 1,146 loans originated in that period it reports 5 permanent defaults, and it says it is consistently ranked among the top ten SBA 7(a) lenders nationwide. Across all its commercial real estate programmes it reports over $3 billion funded since 2016.

SBA 7(a) terms are advertised at loan-to-value up to 93%, loans up to $5M in first position, 25-year full amortization, a 51% owner-user minimum, and use of proceeds for purchase, refinance, or working capital on office, industrial, and retail property. SBA 504 covers first trust deed loans up to $10M at up to 60% loan-to-value with alternative and secondary market options as high as $18M, plus second trust deed loans up to $5.5M at up to 93% loan-to-value, for purchase and refinance. Conventional loans go up to $10M at up to 80% loan-to-value for purchase, refinance, and cash-out. The firm employs 43 business development officers across 20 states.

The 7(a) programme requires owner occupancy, so it does not finance purely passive investment property. Headquarters is at 24422 Avenida de la Carlota, Suite 400, Laguna Hills, California; confirm current rates and fees directly.