Medical Imaging Equipment, Heavy Construction Equipment, Office Equipment, Information Technology Equipment, Restaurant Equipment, Manufacturing Equipment.
Term
5 years (7 and 15 year terms available)
Amorization
Full Amortization. (15-year loan programs typically are through the SBA 7a Loan Program)
Interest Rates
Fixed Rate and/or Variable Rate
Loan-to-Value
80% - 100% financing available
Prepayment
None
Assumable
Subject to lender's approval; 1% assumption fee
Minimum Debt
Typically 1.10x or >
Coverage Ratio
Closing
48 hours on loans less than $349,999.99 and 3 to 5-business days on loans exceeding $350,000.00 from executed application assuming timely receipt from borrower of all information requested.
Early Rate Lock
Available for no fee following receipt of complete application.
Loan Summary
The Premier Business Installment Loan is a fixed-rate loan product. This loan includes flexibility on repayment terms that may significantly reduce your monthly payment, resulting in enhanced cash flow. Plus, it's backed by a money-back guarantee.
Contact us for more information at (951) 274-2400.
