A CDC/504 loan is used to purchase major fixed assets—mostly large equipment and commercial real estate. The U.S. Small Business Administration helps provide SBA loan guarantees of up to 90% of the loan amount. Loan amount range $5K – $5M, terms 5 – 25 years & rates starting at 6.75%.
SBA 7(a) loan, which works best for most businesses with general financing needs—like expanding working capital, refinancing old debt, or renovating a location. The U.S. Small Business Administration helps provides SBA loan guarantees of up to 90% of the loan amount. Loan amount range $5K – $5M, terms 5 – 25 years & rates starting at 6.75%.
Merchant Cash Advance
A Merchant Cash Advance Loan is when a financing company advances you money based on your credit card sales, invoices or accounts in return for that lump sum advance; you agree to pay the lender back with a percentage of your daily credit card sales, invoices or accounts. Documentation is minimal, medium to low credit scores and little to no collateral required. Loan Amounts between $2K – no limit depending on cash flow, repayment paid daily via your merchant account & rates typically 1.14 – 1.18.
Equipment financing helps you finance up to 100% of the new or used equipment you need for your business. Applying for an equipment loan is typically a fast and easy way to finance the purchase of most types of equipment—computers, machinery, vehicles, or whatever else you need. Up to 100% financing, term typically for the life of the equipment, & rates 8-30%.
Stated Commercial Loans
A maximum loan-to-value (LTV) to 80% for stated-income commercial real estate loans. Loan amounts from $250,000 to $5,000,000. It is designed for property investors or business owners who can’t document personal or business income but who have personal credit scores over 700 (borrowers with less than 700 credit can still receive stated income financing up to 75% LTV).
(SBA) loans for the non-conforming business owner. We have no collateral requirement for loans </= $500,000 and for loans > $500,000 we can provide up to 150% LTV(loan-to-value) in 1st, 2nd or 3rd position on real estate and/or equipment. Whether you are seeking working capital, funds to purchase real estate, equipment or a business; or want to refinance debt or consolidate merchant cash advances into one affordable monthly payment
Commercial Bridge Loan
A short-term real estate loan used to purchase commercial property before refinancing to a long-term mortgage at a later date. Commercial bridge loans are issued by traditional banks and lending institutions and help borrowers compete with all-cash buyers
Commercial Hard Money Loan
A short-term loan used to purchase and sometimes renovate an owner-occupied commercial property before refinancing to a long-term mortgage. Commercial hard money loans are similar to commercial bridge loans in that they help businesses close fast and offer interest-only payments throughout the life of the loan.