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Need to grow your business with capital, inventory, new building

DDA Mortgage • Apr 04, 2022

Grow with capital, inventory, and what you need.


  • You need money to grow your business. Whether you need inventory, supplies, materials, facilities, equipment, or more resources - there are options available to you.
  • You need a lender that understands how business works. The loan officer should be able to assist in setting up the right loan structure and program to meet your needs.
  • You need a lender that can understand you and your plan for growing the business. We will help guide you through your options and make sure everything is going smoothly on your end so nothing falls through the cracks when it comes time for funding.



We have experience getting small business loans in Largo & Pinellas County.


No matter where you are in the process of opening or expanding a business, we have experienced advisors who can help. We have developed a network of banks and other lenders that offer affordable loans to small businesses. Our lending department staffs experts who will personally help you find the loan type that meets your needs and get it approved quickly. If needed, we can provide free expert advice on preparing your application for approval.


We have a track record of success, having helped thousands of people secure capital from this pool of lenders. Most importantly: our experts will help you get the loan that best fits your need for capital at the most affordable rate possible and with the least amount of hassle. With our involvement in your application, it is much more likely to be approved than if you try to navigate this process alone



Just closed on two commercial loans for 1.3 million and 1.9 million.


If you need to grow your business with capital, inventory, new building, or more then we can help you get the capital you need. We are one of the most experienced SBA lenders in Pinellas County, Tampa, and Florida. We understand how local businesses work. Our staff has a great track record of getting our customers loans.



SBA loans are a popular option because they are backed by federal programs.


SBA loans are small business loans that are backed by federal programs through the Small Business Administration. These government-backed loans can be a popular option for small businesses because they are typically backed by federal programs and offer low-interest rates and longer repayment terms than traditional bank loans. SBA (Small Business Administration) loans are offered by various lenders and the SBA guarantees a certain percentage of your loan when it is approved, which helps significantly reduce your risk as a borrower.



If you need funding or inventory, check out different forms of lending that are suited to your needs and situation.

SBA Standard 7(a) Loan


The 7(a) loan is the most common SBA loan and is the best option when used to purchase commercial real estate. The loan includes financial help for small businesses with special requirements.


Learn More



Commercial Bridge Loans


Commercial Bridge Loans allow borrowers interim financing during a non-residential property stabilization, which generally requires improvements of the property condition or rental occupancy rate, until permanent take-out financing is achievable.


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Asset-Based Loans


Asset-based loans provide borrowers an opportunity to leverage the value of the property as well as other hard assets to secure a loan. There are two property types to consider when applying for an asset-based loan, residential and commercial. 

Learn More


SBA 504 Loan Programs


The 504 loan is a common SBA loan and is your best option for fixed-rate and long-term financing for fixed assets such as buildings, facilities, and land. 


Learn More



Conventional Loan Programs


Conventional commercial loans tend to be the most straight forward type of commercial loan. They are what you would expect-a commercial mortgage backed by commercial property. The lender is typically a bank, credit union, or other type of investment institution.


Learn More


Start Your Loan with DDA today
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By Didier Malagies 04 Nov, 2024
 ender's 1% Down Payment program is designed to make homeownership more accessible for eligible first-time buyers by lowering the upfront costs typically required for a mortgage. Here's a breakdown of how the program generally works: How It Works 1% Down from the Borrower: The borrower contributes just 1% of the home purchase price as a down payment. 2% Contribution from Lender: Lender covers an additional 2% of the down payment, allowing the borrower to start with a total of 3% equity in the home. Eligibility: Borrowers must meet certain income and credit score requirements. The program often targets lower-income buyers or those who qualify for special financial assistance. Key Features and Benefits Low Entry Barrier: The reduced down payment can make homeownership achievable sooner for first-time buyers or those with limited savings. Conventional Loan: The loan is structured as a conventional mortgage, which may help borrowers avoid some of the restrictions associated with government-backed loans like FHA loans. Potential Mortgage Insurance: Depending on the loan details, borrowers may need to pay private mortgage insurance (PMI) until they reach 20% equity. Other Considerations Interest Rates: Rates and terms are subject to typical mortgage rate changes, so it's advisable to check the current rate before applying. Credit Requirements: There may be a minimum credit score requirement, though this is typically more flexible than for standard conventional loans. The 1% Down program can be an excellent option for buyers looking to make homeownership more affordable. tune in and learn at https://www.ddamortgage.com/blog didier malagies nmls#212566 dda mortgage nmls#324329
By Didier Malagies 29 Oct, 2024
Roughly 16% of women workers are “very confident” that their retirement prospects will lead them to have a satisfactory lifestyle, illustrating that women remain at greater risk than men for achieving a sustainable retirement. This is according to a new survey-based report from the Transamerica Center for Retirement Studies. “Women have made great strides in educational attainment and access to career opportunities in recent decades,” Catherine Collinson, president and CEO of the Transamerica Institute, said in a statement. “Yet, despite this progress, women are still at greater risk than men of not achieving a financially secure retirement.” Longstanding challenges including a pay gap between men and women, as well as more time needed away from the workforce to adequately pa
By Didier Malagies 28 Oct, 2024
 The FHA 203(h) program is a Federal Housing Administration (FHA) loan specifically designed to help people affected by natural disasters, like hurricanes, purchase or rebuild a home. It provides an accessible way for victims of federally declared disaster areas to find stable housing quickly by offering favorable terms compared to traditional mortgages. Here’s a breakdown of how it works and its benefits: Key Features of the FHA 203(h) Loan Eligibility Requirements: You must be a homeowner or renter whose home was destroyed or severely damaged in a disaster within a federally declared disaster area. Typically, you need to apply within one year of the disaster declaration. Loan Coverage: You can use the FHA 203(h) to purchase a new primary residence or rebuild an existing one if your previous home was destroyed. It’s available for both single-family homes and approved condominiums. Benefits of the FHA 203(h) Program: No Down Payment Required: Unlike traditional FHA loans that require a 3.5% down payment, the 203(h) program allows qualified borrowers to finance 100% of the home’s cost, which can be helpful during times of financial stress. Lower Credit Score Flexibility: FHA loans generally have flexible credit requirements, and the 203(h) is no exception. The credit standards might be more accommodating due to the circumstances, though some lenders may impose their own minimum scores. Potential Waiver of Mortgage Insurance Premiums (MIP): Some lenders may waive upfront MIP payments under this program. However, it’s common for standard FHA loans to have monthly premiums. Refinance Option: If your damaged home needs repairs and you want to keep it, you can combine the FHA 203(h) with a 203(k) loan to finance both the purchase and repair costs. Loan Limits: The FHA 203(h) is subject to standard FHA loan limits, which vary by county and property type. Documentation: Lenders will require proof that you lived in the disaster area, typically through utility bills, lease agreements, or similar documents. You’ll also need proof of disaster loss, such as insurance claims, FEMA assistance documentation, or other relevant records. Steps to Apply Contact Lenders Familiar with FHA 203(h) Loans: Not all lenders offer this program, so find one experienced with disaster recovery loans. Gather Required Documentation: Make sure to have your identification, proof of residency in the disaster area, proof of loss, and any FEMA assistance documents. Consider FHA 203(k) Combination: If you want to buy a damaged home and repair it, discuss combining with an FHA 203(k) for renovation financing. Potential Drawbacks While the program is beneficial, keep in mind that: The loan amount is capped by FHA limits, which may not be enough in higher-cost areas. Mortgage insurance premiums can increase monthly payments, even if the upfront premium is waived. The FHA 203(h) can be a strong tool for those affected by natural disasters, providing quick access to housing and flexible financing terms at a time when resources might be limited. tune in and learn at https://www.ddamortgage.com/blog didier malagies nmls#212566 dda mortgage nmls#324329
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