{
    "dataset_id": "2026-sba-7a-504-dscr-commercial-lending-benchmarks",
    "title": "2026 SBA 7(a), SBA 504, Commercial DSCR & Corporate Franchise Tax Underwriting Benchmarks",
    "description": "2026 SBA guaranty fee schedules, Prime + spread caps, DSCR rental underwriting covenants, and Delaware/NY corporate formation & franchise tax rules.",
    "publisher": "East Corp Capital (https://eastcorpcapital.com/)",
    "authors": [
        {
            "name": "Pablo Cirre Gómez",
            "role": "Editor-in-Chief & Director of Quantitative Economic Research",
            "url": "https://eastcorpcapital.com/author/pablo-cirre-gomez/"
        },
        {
            "name": "Enrique Zarza, Esq.",
            "role": "Senior Legal & Regulatory Counsel (ICAM Bar No. 68.400)",
            "url": "https://eastcorpcapital.com/author/enrique-zarza/"
        }
    ],
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "updated_at": "2026-10-25",
    "record_count": 6,
    "records": [
        {
            "Program_Or_Jurisdiction": "SBA 7(a) Standard Loan",
            "Metric_Or_Tier": "Loans ≤ $1,000,000 (FY2026 Guaranty Fee)",
            "2026_Statutory_Rate_Or_Cap": "0.00% to 2.25% Upfront Fee",
            "Minimum_Underwriting_Covenant": "Min 1.15x–1.25x Global DSCR",
            "Governing_Authority": "SBA SOP 50 10 7.1"
        },
        {
            "Program_Or_Jurisdiction": "SBA 7(a) Standard Loan",
            "Metric_Or_Tier": "Loans $1,000,001 to $5,000,000",
            "2026_Statutory_Rate_Or_Cap": "3.50% up to $1M + 3.75% on Guaranteed >$1M",
            "Minimum_Underwriting_Covenant": "10-Yr Working Capital / 25-Yr CRE Maturity",
            "Governing_Authority": "13 CFR § 120.220"
        },
        {
            "Program_Or_Jurisdiction": "SBA 504 Commercial Real Estate",
            "Metric_Or_Tier": "50% Bank 1st Lien / 40% CDC Debenture / 10% Down",
            "2026_Statutory_Rate_Or_Cap": "25-Year Fixed Debenture (~5.85%–6.35% eff.)",
            "Minimum_Underwriting_Covenant": "Owner-occupied ≥ 51% existing / 60% new build",
            "Governing_Authority": "13 CFR Part 120 Subpart H"
        },
        {
            "Program_Or_Jurisdiction": "Non-QM DSCR Investment Mortgage",
            "Metric_Or_Tier": "Gross Rental Income ÷ Full Monthly PITIA",
            "2026_Statutory_Rate_Or_Cap": "1.20x–1.25x Standard (1.00x No-Ratio Tier)",
            "Minimum_Underwriting_Covenant": "20%–25% Down; LLC vesting permitted",
            "Governing_Authority": "Wall Street Private-Label RMBS Guidelines"
        },
        {
            "Program_Or_Jurisdiction": "Delaware Division of Corporations",
            "Metric_Or_Tier": "C-Corp Franchise Tax (Assumed Par Value vs. Authorized)",
            "2026_Statutory_Rate_Or_Cap": "$400 Min (Assumed Par) vs. up to $250,000 Max",
            "Minimum_Underwriting_Covenant": "Due March 1 annually ($200 penalty + 1.5%/mo)",
            "Governing_Authority": "8 Del. C. § 503"
        },
        {
            "Program_Or_Jurisdiction": "New York Department of State",
            "Metric_Or_Tier": "NY LLC § 206 6-Week Newspaper Publication",
            "2026_Statutory_Rate_Or_Cap": "$1,350 Manhattan Direct vs. $160 Albany RA Strategy",
            "Minimum_Underwriting_Covenant": "Must file $50 Certificate within 120 days of formation",
            "Governing_Authority": "N.Y. LLC Law § 206"
        }
    ]
}