Business Loans

Benefits:  

Typically longer terms than conventional financing
Lower down payment
Fully amortized
More flexible qualifying standards than conventional financing

Typically lower rate (blended) than conventional financing
Longer term than conventional fully amortized loans
Up to 90% combined loan to value on real estate purchase

Lower down payment to conserve working capital
Longer term than the conventional financing
Fully amortized loans
Up to 80% loan-to-value on real estate purchases, subject to underwriting guidelines

Uses:

Purchasing, constructing, or renovating commercial real estate (must be owner-user w/51% occupancy)
Purchase inventory or fixed assets
Working capital
Refinance of existing business debt

Purchase, construct, or renovate commercial real estate (must be owner-user w/51% occupancy)
Purchase equipment with useful life of at least 15 years

Purchase, construct or renovate commercial real estate for owner-users
Purchase equipment
Develop commercial lease projects

Terms:

Real estate loans up to 25 years
Machinery and equipment up to 10 years
Working capital up to 10 years

Bank Loan: up to 25 years fully amortized
SBA/CDC Loan: 20 years for real estate and 10 years for equipment  Interest rate fixed for term

Real Estate loans
Up to 80% loan-to-value, subject to underwriting guidelines; up to 30 years fully amortized
Machinery and equipment; up to 15 years