PURCHASE: The purchase of real property along with purchase of the existing business, property improvements, bids, proposals and invoices for any business related needs including equipment, inventory and supplies along with the consolidation of any business related debt.
REFINANCE: Can include refinancing of a higher interest mortgage and the consolidation of any business related debt. Property improvements and the purchase of additional inventory, supplies or equipment can also be included.
GUIDELINES: Purchases can go as high as 90% loan to value with a 10% down payment requirement minimum. There can been no federal loan defaults, credit scoring must be at standard levels, the ability to repay the loan must be based on historic business income and the subject property must be at least 50% owner user. This is one of the few types of commercial lending available fully amortizes (is self- liquidating) at terms that are far more conducive than most other types of commercial loans.