• Acquisition (Going concern and equipment)
• New Construction or Renovation
• Leasehold improvements
• Machinery and Equipment

Loan Amounts

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

Terms

5, 7 or 10 Years for Good Will, Machinery and Equipment

Interest Rate

Prime + 1.00% -2.75%

Loan To Value

65 - 80%

Prepayment Penalties

None

Fees

• None to minimal lender fees
• Packaging fee/good faith deposit
• Customary closing costs
• Construction fee, if applicable, to offset monitoring costs

Eligibility

• US Citizen or resident alien
• Good credit/character
• Management experience
• Reasonable financial statement or credible projections

Collateral

First lien on machinery, 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.