Commercial and Small Business Loans – we can help!
Call today to learn more about this exciting program
Our 100% financing program is available to Borrowers that meet the following criteria:
- Business owner for three years- stable to upward cash revenue trends
- Currently renting and looking to buy a lot – build a building or buy a building to rehab or as-is
- Business must occupy 51% footprint of the building being purchased
- $ 351K to $ 5M Loan amount
- Amortization up to 25 year term
- Interest rate: Wall Street Prime + margin (2.75%) , SBA Guaranteed, P & I payment, payment adjusts annually
- No balloons, call provisions or financial covenants
- Prepayment penalty is 3 years (5%, 3%, 1%)
- Nationwide footprint
- 45-60 day closings with responsive borrower. 60-90 day with delays
- Credit score of 680 and above
- No bankruptcy or foreclosure in past 5 years
- Borrower is looking to buy a building with 100% financing to expand their business? Roll closing costs and equipment into the loan.
- Financing available for: industrial, manufacturing, hair/nail salon, medical/professional, gas stations/convenience stores, franchise restaurants and more!
- 48-72 hour pre-screening review of credit package, with no charge or obligation
- Business must be organized as a for profit company
Additional Programs:
- 90% Business acquisition and partner buyout. Strong relevant management experience. Business acquisition-10-year term
- 85% Franchise Finance-Acquisition, refinance, debt consolidation, business expansion and start-up for selected concepts
Documents Needed:
- 3 Years Personal and Business tax returns
- Current Interim Profit and Loss and Balance Sheet
- Q2 Estimated Project Cost form, Business Debt Schedule, Management Resume and Personal Financial Statement (application)
- Start-up we will need a complete three year business plan w/ Profit and Loss statements & resumes of key management
- Plans and Specifications required-New Construction and rehab
- IF an acquisition of an existing business, we will need three years business tax returns and financials of the business
- Purchase Contract
- Notes for debt to be refinanced
