Small/Middle Market Business Loans
| Loan Amount: | $300,000 to $5,000,000 |
| Rate: | Prime + 2.75% |
| Term: | Up to 25 years on real estate. Up to 10 years on equipment, leaseholds, inventory and working capital. |
| LTV: | Up to 90% |
| Origination Fees: | NONE (no broker fees or points) |
| Use of Funds: | To purchase owner occupied real estate (must occupy 51% of the building), business acquisitions, equipment purchases, or refinance existing business debt. |
| Business Types: | Manufacturing, distribution, motels, restaurants, auto repair, gas stations, retail businesses, day care centers, bed and breakfast, or any worthwhile business. |
| Benefits: | We do not have any loan covenants, or deposit requirements. If a bank refers a deal to us that we successfully close, we will provide incentive for the client to set up a deposit account in your bank. |
| Underwriting: | We will fund loans a typical bank will not because of poor cash flow, losses, high debt ratios, or covenant violations. If the business is trending positive, we'll consider the loan. |
