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
