SBA Business Only Loan Program - No Real Estate

Loan Terms:

Amouint:               $50k - $350k
Recourse:             Personal & Corporate
Loan Types:          Business Expansion, Working Capital, Renovations,
Loan Types:          Leasing, Equipment, Inventory, Business Purchase
LTV:                      Non - Cash Flow Based
Business Types:     Any Type Existing Business (one year in business)
Territory:               Nationwide
Collateral:              Business Only  (no real estate required)
DSCR Min:             1.25%
Credit:                   Troubled Credit OK - No minimum scores
Interest Rate:        6.0%   (2.75% + WSJ Prime Rate)
Amortization:         10 years
Term:                    10 years
Pre Pay Penalty:    None

LOI Submission Requirements:
Personal Financial Statement
Credit Report
Tax Returns, most recent year
Letter of Explanation, Use of Funds

SBA 504 & 7A LOAN PROGRAMS (Purchase – Refinance – Construction)

Loan Terms:

Loan Limits:                 $1M – $10M (higher case by case)
Recourse:                    Personal and Corporate
Loan Types:                Purchase, Refinance, Construction
Max LTV:                     80 – 90%
Occupancy Type:       Owner Occupied (Min 51%)
Territory:                    Nationwide
Property Types:          All Commercial Properties
DSCR Minimum:          1.0
Credit Needed:            600
Interest Rates:            4.0 – 7.0%
Amortization:               20 – 25 – 30
Term:                          3 – 5 – 10 – 25, fixed or quarterly adjustment
Loan Points:                0 – 2
Pre Pay Penalty:          Declining