Miscellaneous Equipment, Real Estate, UCC-1 Financing Statement securing business assets, or other pledged forms of collateral
Term
7 years (15 and 25 year terms available)
Amorization
Full Amortization. (25-year loan programs are typically real estate secured)
Interest Rates
Variable Rate adjusted quarterly
Loan-to-Value
85% - 90% financing available
Prepayment
3-Year Prepayment if the amortization is over
15-years
Purpose
To purchase land, construct new buildings, business acquisition, expansion, working capital, and equipment financing.
Minimum Debt
Typically 1.00x 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.
Loan Summary
The SBA Loan Program has a great variety of structure. This loan includes flexibility on repayment terms that may significantly reduce your monthly payment, and/or down payment.
Contact us for more information at (951) 274-2400.
