SBA & Middle Market Business Loans
Loan Amount: $300,000 to $5,000,000
Rate: Prime + 2.75%
FICO Requirements: 640+ for loans up 5M. For loans over 5M, the approval is based on business performance.
Term: Up to 25 years on real estate.
Up to 10 years on equipment, leaseholds, inventory and working capital.
LTV: Up to 85% (applicable only when using Real estate as collateral)
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.