SBA iCAP and Commercial Real Estate: Separate 7(a), 504 and Investment Loans

SBA’s November 5 release says iCAP currently supports 7(a) origination; 504 origination is on its future roadmap. Commercial-property borrowers should not treat that roadmap as a live 504 launch or assume an investment-property loan falls under the same process. Fast Commercial Capital’s practical focus is financing fit: identify the property use, operating business, borrower and sources of repayment before selecting a route. For a business-and-building acquisition, distinguish the property budget from business purchase and working-capital needs. Ask the provider which program and transition steps apply. Discuss the transaction with FCC; eligibility, terms and timing require case-specific review.