There are many reasons why you may need a business loan: business growth, a large capital purchase such as new machinery or maybe moving to larger premises.
Every business loan caters for the specific needs of the client. Rates can be fixed or variable and the duration of the loan can vary from one to thirty years which gives us the flexibility to find exactly the right sort of loan to suit you.
We can arrange a commercial mortgage to fund the purchase of all kinds of business premises. The time period and amount of the mortgage will be individually tailored to your business.
Conventional Loan Program Highlights:
- Up to $15mm in CRE financing
- Up to 70% LTV
- Down to 20% owner occupancy requirements (vs. 51% with SBA)
- Global Cash Flow of 1:13:1.00
- Tenant Income considered to improve DSCR
- Fico Scores down to 620
- Cash out possibility!
Eligible Property Types
- Office, Industrial, Retail
- Special Purpose Properties- Flagged Hotels, Education Centers, Day-cares, Restaurants, Self-storage, Auto repair, Assisted Living and Auto Dealerships.
SBA Lending Program Highlights:
- Purchase
- Refinance
- Construction/renovation/expansion
- Business acquisition
- Eligible projects can include real estate, furniture, inventory, receivables, and working capital to qualify
- Minimum borrower investment of 10%
SBA 7a Loan Program:
- Loans from $100,000 to $3,000,000
- Seller held second mortgages allowed
SBA 504 Loan Program:
- Up to a 25 year term with no balloon or call
- Projects up to $3 million
- 50% bank loan
- 40% SBA loan
- 10% borrower’s funds
- SBA fixed rate second mortgage
We also offer Credit lines which can be secured by a lien against business assets, real estate or even unsecured depending on the overall strength of the business.
Some of the most common use of Credit Line includes;
- Business expansion
- Purchase inventory
- Upgrade equipment or software
- Marketing
- Working capital