Current Borrowers

NEW IN 2022
Even Better Commercial Real Estate Financing
with Impower Loans

Don’t qualify for the traditional Small Business Administration (504) loan? No problem! If you’re looking for an alternative to the SBA 504 loan, an Impower Loan can provide a responsible and flexible way to purchase commercial real estate.

Starting in July 2022, Impower now offers up to 95% financing and no minimum credit score. With just a 1% origination fee, Impower is a more flexible way for you to build equity and long-term wealth through your business.

 

Get Your Questions Answered

Impower Loan

Commercial Real Estate Loans in low-to-moderate income communities for those who don’t qualify for standard 504 financing.
Term: 7-10 years
Rate: 5 or 10 year TCM + 3.5-5% depending on geography and credit profile
Property Types: Retail | Office | Industrial and More
Fees: 1% (Some may qualify for no origination fee and a credit for soft costs)
Prepayment Penalty: 5% during first 3-5 years of the loan
Areas Served: California, Florida, Texas, Maryland, DC, New York, Virginia, and Georgia


Apply Now

$500k
to
$4M
* These are average times. The actual time from approval to funding depends on the complexity of your loan. Speak to your loan officer to better understand timing expectations for your deal.

Am I Eligible to Apply?

  • Property must be at least 40% owner-occupied, exceptions considered on a case by case basis
  • Show sufficient historical cash flow to make payments
  • Consideration for start-up businesses that demonstrate two years of successful operating management experience in same industry; sufficient reserves for start-up working capital and six months of loan payments

Have more questions?

Ask Marty our loan expert

The Benefits of Choosing Impower to Grow Your Business

  • Opportunity for financing even if you do not qualify for an SBA 504 loan due to credit or eligibility issues
  • One loan and up to 95% financing
  • 1% origination fee (some may qualify for no origination fee and a credit for soft costs)
  • Streamlined process; Get approved in as little as 2 weeks from receipt of a completed application
  • Interest only repayment options to start your loan
  • Viable option for small-businesses in communities where traditional financing is typically hard to secure

DOWNLOAD OUR FACT SHEET

Denied Traditional Financing, CDC Steps In

When a large, national bank denied Pablo’s loan request to purchase a new building for his expanding business, he turned to CDC.

Using an Impower loan, this Colombian entrepreneur is able to bring solar power and other sustainable energy solutions to even more residents across California.

Meet Pablo, Owner of Clean Initiative

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