Typically, small businesses use our loans to:
Purchase a business
Purchase commercial real estate
Construction and renovation
Refinance debt
Purchase machinery and equipment
Business expansion
Purchase a business
Loan amount: $200,000 to $5,000,000
Interest rate: Variable and fixed rates available with full amortization (no balloon payments)
Term: Up to 25 years
Financing available: Up to 90%
Recourse: Full guaranty from each owner of 20% or more
Collateral: Commercial real estate, other business assets, or personal assets
Purchase commercial real estate
Loan amount: $250,000 to $5,000,000
Interest rate: Variable and fixed rates available with full amortization (no balloon payments)
Term: Up to 25 years
Financing available: Up to 90%
Recourse: Full guaranty from each owner of 20% or more
Collateral: Commercial real estate, other business assets, or personal assets
Construction and renovation
Loan amount: $250,000 to $5,000,000
Interest rate: Variable during construction/renovation period with interest only payments; once construction is completed, variable and fixed rates available with full amortization (no balloon payment)
Term: Up to 25 years
Financing available: Up to 90%
Recourse: Full guaranty from each owner of 20% or more
Collateral: Commercial real estate, other business assets, or personal assets
Refinance debt
Loan amount: $250,000 to $5,000,000
Interest rate: Variable and fixed rates available with full amortization (no balloon payments)
Term: Up to 25 years
Financing available: Up to 100%
Recourse: Full guaranty from each owner of 20% or more
Collateral: Commercial real estate, other business assets, or personal assets
Purchase machinery and equipment
Loan amount: $250,000 to $1,250,000
Interest rate: Variable rate with full amortization (no balloon payment)
Term: Up to 15 years
Financing available: Up to 90%
Recourse: Full guaranty from each owner of 20% or more
Collateral: First lien on assets being financed, commercial real estate, other business assets or personal assets
Business expansion
Loan amount: $250,000 to $5,000,000
Interest rate: Variable and fixed rates available with full amortization (no balloon payments)
Term: Up to 25 years
Financing available: Up to 90%
Recourse: Full guaranty from each owner of 20% or more
Collateral: Commercial real estate, other business assets, or personal assets