• Acquisition
• Construction
• Expansion
• Refinance
• Start-Up

Loan Amounts

$100,000-$2,000,000 (1MM + will be considered for stronger credit only)

Terms

25 Years

Interest Rate

Prime + .5% -2.75% (Varies by State)

Loan To Value

70 - 90%

Prepayment Penalties

1st Year 5%, 2nd Year 3%, 3rd Year 1%

Fees

• None to minimal lender fees
• Due Diligence Deposit
• Customary closing costs
• Construction fee, if applicable, to offset monitoring costs
• SBA charges a fee of approximately 3% (depending on loan amount and percentage of guarantee)

Eligibility

• Owner occupied small business
• US Citizen or permanent resident alien status
• Good credit/character
• Management experience
• Reasonable financial statement or credible projections
• Business must meet SBA size standards

Collateral

• First lien on land, building, equipment and inventory
• Additional outside collateral is necessary if lease-hold improvements are substantial.

Quick Response

Loan decision made within 4 weeks of receipt of completed application.