Business Loan Programs

SBA 7(a)

For all owner occupied Businesses

  1. Purchase, Refinance, Rehab, Construction, Working Capital, Equipment
  2. 75% to 90% Financing (can go higher with professionals)
  3. Max Interest Rate - Prime + 2.75%
  4. Variable and some Fixed Pricing Available
  5. 10 to 25 year Term / 10 to 25 Year Amortization
  6. Prepayment Real Estate - 5/3/1 - No prepayment < 15 yr term
  7. Recourse
  8. Min Loan Amount $350,000 - Max Loan Amount $5,000,000

SBA 504

For all owner oocupied Businesses

  1. Fixed Asset Purchase, Construction
  2. 80% to 90% Financing
  3. Rates Start in the mid to high 5’s
  4. Variable/Fixed (1st) and Fixed (2nd) Pricing Available
  5. 10 year Term (1st) / 10 or 20 Year Amortization (2nd)
  6. Declining Pre-Payment Penalty
  7. Recourse
  8. Min Loan Amount $500,000 - Max Loan Amount $5,000,000

SBA Small Loan Advantage (SLA)

For all owner occupied Businesses

  1. Acquisition, Refinance, Rehab, Working Capital, Equipment
  2. 75% to 80% Max Financing
  3. Rates Start in the mid to high 5’s
  4. Variable and some Fixed Pricing Available
  5. 20-25 year Terms / 20-25 Years Amortization
  6. Prepayment Real Estate - 5/3/1 - No prepayment < 15 yr term
  7. Recourse
  8. Min Loan Amount $100,000 - Max Loan Amount $350,000

USDA – B & I

For all investor and owner occupied Businesses

  1. Purchase, Refinance, Rehabilitation, Construction
  2. Towns with less than 50,000 population
  3. 75% to 80% Max Financing
  4. Rates Start in the mid to high 6’s
  5. Variable and some Fixed Pricing Available - Recourse
  6. 25-30 year Terms / 25-30 Years Amortization
  7. Declining Pre-Payment Penalty
  8. Min Loan Amount $750,000 - Max Loan Amount $10,000,000

Working Capital Programs

SBA Express Line of Credit

For all owner occupied Businesses

  1. Working Capital - Revolving Line of Credit
  2. Term of loan - 3 years then it will convert
  3. Need to do a monthly cash flow for amount needed
  4. All other terms are like you have with the Small Loan Advantage Program
  5. loan Amount $100,000 - Max Loan Amount $350,000

Revenue Based Small Dollar Loan Programs

For most all Businesses(some restricted industries)

  1. Working Capital / Expansion / Inventory
  2. Needs to be in business for 6 + months
  3. Minimum annual Sales is $150,000
  4. Based off of % of Avg Mthly Sales
  5. Repayment in 4 to 24 months - No Security taken
  6. Min loan Amount $5,000 - Max Loan Amount $250,000

Credit Package Needed for 7(a) - SBA Express -

SBA Express LOC - SBA 504 - USDA B&I

  1. Executive Summary
  2. Personal Financial Statement
  3. 3 Years of 1040’s
  4. 3 Years of subject 1120, 1065, Schedule C
  5. Interim Year to Date Profit & Loss and Balance Sheet
  6. Resume
  7. Profit and Loss Projections 2 Years (by Month for the first 12)
  8. Business Plan – STR Report – FDD

Credit Package Needed - Small Business Loan

  1. Application
  2. Last filed Business Tax Return
  3. 6 months of Bank Statements (12 mths if seasonal business)
  4. 4 months of Card Processing Statements
  5. Tri-Merged Credit Report
  6. Color Copy of Driver's License

Small Loan APR Program

Business Loans

  1. Working Capital / Expansion / Inventory / Equipment
  2. Needs to be in business for < 2 years
  3. Minimum Credit Score is 640
  4. Will take secondary collateral positions
  5. Term 12 to 60 months
  6. Min loan Amount $25,000 - Max Loan Amount
  7. Application / 6 mths of Banks & 4 processing / 3 yrs Bus Tax Returns 1 yr Pers Tax Return / Interim Fin's / Credit Report

Business Unsecured Lines of Credit

Available for new and existing businesses - this is a Credit Card Program

  1. Start-Up's and Businesses
    • < 2 years $75,000
    • > 2 years $150,000
  2. Credit Scores need to be > than 720
  3. Current Credit Card Utilization < 30%
  4. Interest Rates:
    • Full Doc As low as 6.99%
    • Stated As low as 8.99%

Accounts Receivable Factoring

For all Businesses

  1. Flexible Invoice Factoring and Receivables Purchase Line
  2. Industries - Oil and Gas / Printing / Manufacturing / Temporary Staffing / Telecommunications / Transportation Distributors / Janitorial / Construction / Consulting + More
  3. Specialized Program – available for Progressive Billing / one (1) billing for the Construction Industry & Non-Notification
  4. Prohibited Industries - Businesses selling to consumers
  5. Max Advance Rate is 70% to 80%
  6. Small Program Min $5,000 to $500,000
  7. Standard Program Min $50,000 to $3,000,000
  8. Large Program Min $100,000 to $10,000,000

Credit Package Needed - Unsecured Line of Credit

  1. Application & Tri Merge Credit Report

Purchase Order Financing

Available for Finished Products

  1. Payments made to supplier by LOC
  2. Supplier payment is the lower of actual cost or 75% of customer PO
  3. Fees - 3% of 30 days and 1% for 10 day increments thereafter and if an LOC is issued these cost are passed on which is generally 75 basis points
  4. Minimum $100,000 with no max

ABL (Asset Based Lending for Working Capital LOC)

For all Businesses needing a true Line of Credit

  1. For Businesses needing Working Capital Lines of Credit
    • Minimum Loan Amount $400,000 (needs to be min. mthly sales)
    • Maximum Loan Amount $6,000,000
  2. This LOC will be tied to the following advances
    • Accounts Receivable up to 85%
    • Inventory up to 25%
    • Real Estate up to 65% (2nd OK if equity)
  3. Term will be for 12 to 36 months
  4. Interest Rate will depend on the size of the transaction but it will run somewhere from 12% up to 20%

Leasing

For Businesses

  1. Specialize in A to C Credits
  2. Purchase and Sale Leaseback
  3. Medical / Technology / Construction / Ag Equipment / FF&E / Energy Efficiency Equipment / Capital Leases / Operating Leases Equipment Finance Agreements / Vendor Programs
  4. Application only up to $50,000 - Hard Asset up to $150,000
  5. Min Lease Amount $5,000 Maximum Lease Amount $500,000 If unable to lease the total amount of soft costs for a project we can tie the remaining amount to our Small Dollar Loan Program.

Credit Package - AR / PO / ABL Programs:

  1. Application
  2. Last 3 years of Financial Statements (Profit & Loss and Balance Sheet on Accrual Basis)
  3. Current Interim Year to Date Financial Statement (Profit & Loss and Balance Sheet on Accrual Basis)
  4. Current Accounts Receivable Aging (For Medical you will need to Separate by Medicare, Medicaid, Major Insurance Companies or Other)
  5. Historical collections ratio report
  6. Current Accounts Payable Aging
  7. Copy of Purchase Order

Startup Leasing Program

For Businesses

  1. Application Only $5,000 to $25,000
  2. Time in Business < 2 years
  3. Minimum Credit Score 650
  4. Other No prior Bankruptcy

Transitional Loan Financing for Businesses

For businesses which have a large amount of Machinery & Equipment

  1. Typically written for a 12 to 18 month term
  2. Structured with 90 to 180 days of monthly interest only payments
  3. Principal reduction after interest only payments
  4. Minimal or NO personal guaranty from the principals
  5. Generally 50% of Liquidation Value or less
  6. Minimum Loan is $500,000
  7. Loan based on value of Machinery & Equipment and not the cash flow, profitability or financial projections of the business

Credit Package Needed for Leasing

  1. Application
  2. Last 3 months of Bank Statements
  3. 3) Description of the Equipment to be leased and the dollar amount ** Full Doc will include the above and this additional information
  4. Personal Financial Statement
  5. 3 Years of 1040’s
  6. 3 Years of subject 1120, 1065, Schedule C
  7. Interim Year to Date Profit & Loss and Balance Sheet

For businesses located East of the Mississippi River - Equipment / LOC / Real Estate - Refinance / Acquisition

  1. Minimum Loan Amount $250,000 - Max Loan Amount $10,000,000
  2. LTV
    • 75% No Real Estate
    • 80% If Real Estate is part of the request
  3. Interest Rate
    • 6.00% If No Real Estate
    • Fixed If Real Estate is part of the request
  4. Amortization
    • 7 years No Real Estate
    • 20 years If Real Estate is part of the request
  5. Term Will be determined by the request
  6. Other Business needs Historical Debt Coverage Balance Sheet needs to have Liquidity Personal Credit Scores over 700+

Investment Loan Programs

FHA-HUD (221 d4 / 223 f / 223 a7 / 232)

For Apartments, Apartment Rehabs, and Senior Housing

  1. Purchase, Refinance, Construction
  2. up to 83% Financing
  3. Rates Start in mid 3’s
  4. 35 Year Term / 35 - 40 Year Amortization
  5. Declining Pre-Payment Penalty
  6. Non-Recourse
  7. Min Loan Amount $3,000,000

Fannie May

For Apartments, Apartment Rehabs, Senior Housing

  1. Purchase, Refinance
  2. Cash Out 75% LTV / No Cash Out 80% LTV / Student Housing 70% LTV
  3. Rates Start at 4.25%
  4. 30 Year Term / 30 Year Amortization
  5. Yield Maintenance Pre-Payment Penalty
  6. Recourse - NO Cash Management
  7. Min Loan Amount $1,000,000

Conduit (CMBS)

For Class “A” Office, Apartments, Retail, Hotels, Industrial Warehouse

  1. Purchase, Refinance
  2. 75% Max Financing (65% on Hotels)
  3. Rates in the mid 4's to low 5’s – lower if LTV is less than 50%
  4. 10 Year Fixed Pricing
  5. 10 Year Terms / 25-30 Years Amortization
  6. Defeasance (can only defease with US Treasuries)
  7. Non-Recourse except for standard carve outs
  8. Min Loan Amount $1,000,000

Freddie Mac

For Apartments, Apartment Rehab

  1. Purchase, Refinance
  2. Max LTV 80%
  3. Rates Start at 4.25% - 5/7/10 year initial Fix Rates - Optional I/O + 10 bps
  4. 30 Year Term / 30 Year Amortization
  5. Declining Pre-pay
  6. Non-Recourse with Std Bad Boy Carve Outs - NO Cash Management
  7. Min Loan Amount $1,000,000 with Max Loan Amount $5,000,000

Credit Package Needed:

  1. Executive Summary
  2. Resume
  3. Personal Financial Statement & RE Owned Schedule
  4. 3 Years of 1040’s
  5. 3 Years of subject 1120, 1065, Schedule C

Credit Package Continued:

  1. Interim Year to Date Profit & Loss and Balance Sheet
  2. Trailing 12 month Profit and Loss
  3. Current Detailed Rent Roll
  4. Color Pics both interior & Exterior
  5. Credit Report on all Principals - any Short Sales/Deed in Lieu/Foreclosures

CTL (Credit Tenant Lease/NNN)

For BBB+ or better Credit Rated Tenants

  1. Purchase, Refinance
  2. 90 to 95% Financing
  3. Rates Start in the mid to high 5’s
  4. Fixed Pricing
  5. Term and Amortization will match or not to exceed the outstanding life of the lease agreement
  6. Defeasance Pre-Payment Penalty
  7. Non-Recourse > $3,000,000
  8. Min Loan Amount $1,000,000

Bridge Loans Nationwide

For all Property Types

  1. Rates start at 10%
  2. 12 Months with one 12 Month extension for 2pts
  3. 5 to 8 Points
  4. 60 to 65% Max Loan to Value (70% Max on a case by case basis)
  5. Min Loan Amount $500,000 Max Loan Amount $10,000,000

Credit Package Needed for CLT Financing:

  1. Executive Summary
  2. S & P Credit Rating Report
  3. Lease Agreement
  4. Interim Year to Date Profit & Loss and Balance Sheet
  5. Color Pictures

Credit Package Needed for both Bridge Loan Programs:

  1. 1003 Application
  2. Last 3 years of Personal Tax Returns
  3. Credit Report
  4. Last 3 years of Tax Returns on the Property
  5. Current Interim Financial Statement on the Property
  6. Detailed Rent Roll

Small Balance Bridge Loans Nationwide

For almost all property types

  1. Rates start at 12.99%
  2. 3 / 5 / 15 year Term 25/30 year Amortization
  3. 3 to 6 Points
  4. 65% LTV Refinance - 70% LTV Acquisition
  5. Min Loan Amount $150,000 Max Loan Amount $2,500,000
  6. Closing within 30 days

Stated Loan Program

For the following property types - Apartments, Office, Retail, Warehouse, Self-Storage, Mobile Home Parks

  1. Rates start at 7.00%
  2. 5 / 7 / 10 yr Fixed Options / 30 yr Amortization
  3. 55% to 65% LTV - Tertiary Markets 50% LTV
  4. State Restrictions (No AK, ND, SD) - Foreign National Program
  5. Step down prepayment
  6. Min Loan Amount $200,000 Max Loan Amount $5,000,000

Land Loans

For Commercial Lots / Residential subdivisions / Farm Land

  1. Purchase, Refinance
  2. LTV's
    • Purchase 50%
    • Refinance 40%
    • Remote 25%
    • Farm 55%
  3. Interest Rate - 11.90% to 14.90%
  4. Term - 3 years Interest Only
  5. No Pre-Payment Penalty
  6. Fee charged is 8.00%
  7. Min Loan Amt $150,000 to Max Loan Amt $1,500,000

Credit Package Needed for Stated Program:

  1. 1003 Application
  2. Rent Roll
  3. Rental Agreements
  4. Credit Report

Transitional Short Term Borrower Program

For Borrowers who are credit challenged due to a Bankruptcy or Deed in Lieu several years ago rebuilding their credit

  1. Cash Out / Purchase / Refinance
  2. Property Type - Multi-Family/Office/Retail/Self Storage/ Industrial/Mixed Use
  3. Minimum Amount $1,000,000 to Max Amount $10,000,000 d) LTV - the lessor of 75% of Stabilized - 90% of As Is Value
  4. Interest Rate start at 8.00%
  5. Term - 2 / 3 years
  6. Interest Only
  7. Min DSCR 1.25 as complete
  8. No Credit Challenges within the last 24 months
  9. Non-Recourse Available on a Case by Case basis k) 12 month YM

CMBS Look A Like Program:

For Multifamily, Industrial, Office, Retail, Mixed Use, Self Storage

  1. Refinance, Acquisition
    • 75% Multifamily
    • 70% Industrial/Office/Retail/Mixed Use/ Self Storage
  2. Rates Start in the mid 5's to low 6’s
  3. 3/5/7 year Hybrid ARMS & 10 Fixed
  4. 25/30 year Amortization
  5. Occupancy must be 90% for the last 90 days
  6. Flexible Stepdown Prepayment Penalty
  7. No Reserves or Impounds < 65% LTV Non-Recourse
  8. Min Loan Amount $1,000,000 Max Loan Amount $10,000,000

Credit Package Needed

  1. Executive Summary
  2. Resume
  3. Personal Financial Statement & RE Owned Schedule
  4. 3 Years of 1040’s


Unique Programs

LeverageLine (Stock Loan)

For Individuals who have a stock portfolio

  1. Opportunity Capital
  2. Minimum Loan Amount $100,000
  3. Advance rate of 65% for Traded Stock
  4. Don't need to move your trading account unless over $2,000,000 loan

Conventional Franchise Loan Program

For all approved Franchises (Currently 40 Franchise Concepts approved)

  1. Seek to finance existing multi-unit franchisees of concepts with 100+ stores in their system
  2. Focus on Franchise owners with more than 3 Locations – will not finance operators first store
  3. Interest Rates starting at 7.00% - all rates are Fixed
  4. Up to 10 year repayment
  5. Minimum Credit Score is 680 – these loans are Recourse
  6. Fees – 1.00% Origination - $2,000 est Closing cost/store
  7. When financing is used for expansion – they underwrite the loan repayment off the current stores which are operating - no credit given for the new store location
  8. Minimum Loan amount $500,000 Maximum Loan amount is $10,000,000

Consumer Finance Program for Merchants

For Merchants looking for financing for their products

  1. Loan Amounts from $1,000 to $100,000
  2. 100% funding to the Merchant (no discounts)
  3. Up to 8 Lenders process each application
  4. Terms from 12 to 84 months
  5. Rates as low as 5.99%
  6. Credit Score low 550

Credit Package Needed - Conventional Franchise Program

  1. Credit Application with Current Personal Financial Statement
  2. Interim Year to Date Profit & Loss / Balance Sheet – Debt Schedule to match
  3. 3 Years of 1040’s
  4. 3 Years of subject 1120, 1065, Schedule C for Current Business Store Info Chart
  5. Pictures of the Locations

Business Payment Solutions

Credit Card Processing

  1. We can offer lower rates than currently receiving
  2. Able to handle AMX
  3. POS Systems - Hardware and Software
  4. Industries
    • Retail Petroleum / Grocery
    • Wireless Mobile / Phone swipe
    • Service Internet
    • /Phone Order High Risk Industries & Merchants
  5. Need the last 3 months of Credit Card Processing Statements in order to give you a quote

Small Conventional Franchise Finance Program

For Concepts that are > 3 yrs old with at least 15 locations

  1. Up to 80% Loan to project cost / Loan to value
  2. Minimum Loan Amount $100,000 Maximum Loan Amount $1,000,000
  3. Interest Rates between 8.00% to 9.00% - Term 5 to 7 years
  4. Loan Fee up to 5.00% - No prepayment penalty
  5. No outside collateral required (don't require a 2nd on your home)
  6. Loan on non-real estate operations

Consumer Leasing Program for Merchants

For Approved Merchants

  1. Lease Amounts from - $5,000 to $25,000
  2. Application only program
  3. Takes 5 mins for approval after submission
  4. FMV or Lease to Own programs offered up to 60 months
  5. Merchant approval to participate in program takes up to 48 hrs
  6. Merchant receives their entire invoice amount after delivery / installation confirmation (no discount)
  7. Prohibitive Equipment
    • Water purification type products
    • Copiers
    • ATM Machine
    • 100% Software
    • Titled Vehicles

SFR Acquisition Credit Program

For SFR Portfolio's of more than 10 SFR

  1. Portfolio Acquisition & Rehab
  2. Advance Rate - up to 80% of Purchase Price
  3. Interest Rate - starting at 8.00%
  4. Term - 12 to 24 months
  5. Min Loan Amt $1,000,000 to Max Loan Amt $20,00,000
  6. Time to Close - 30 to 45 days
  7. Non-Recourse (needs to have several yrs of experience)

Non-Profit Financing Program

For Non-Profits in MN/WI/MI/IA/IL/IN/OH/KS/MO

  1. Loan Amounts for the following:
    • Facility Loans: $10,000 to $1,500,000
    • Facility Improvement: Starting at $10,000
    • Equipment & Vehicle: Starting at $10,000
  2. Term between 7 to 10 years
  3. Rate around 5.00%
  4. Financing up to 95% of total project costs
  5. Second lien loans
  6. Must be in business > 5 years - Sectors Served:
    • Multi-service agencies
    • Youth/Adult/Senior Services
    • Early Childhood Care & Ed
    • Affordable Housing Education
    • Special needs providers Health Care
    • Arts & Culture

SFR Landlord Financing Program:

For SFR Portfolio's of more than 10 SFR

  1. Stable Portfolios (Min Home value of $100,000+)
  2. LTV up to 75% of BPO
  3. Interest Rate - starting at 5.25%
  4. Term - 5 years
  5. Min Loan Amt $1,000,000 to Max Loan Amt $20,00,000
  6. Time to Close - 6 to 8 weeks
  7. Non-Recourse (needs to have several yrs of experience)

Credit Package Needed for SFR Financing

  1. Executive Summary
  2. Personal Financial Statement
  3. REO schedule (Detailed) with rent roll information
  4. 3 years of P & L’s on the portfolio
  5. Interim P & L and Balance Sheet for 2015 YTD
  6. Recent BPO’s if available

Agricultural Loans - Real Estate

For all Full Time Farmers

  1. Purchase / Refinance of Real Estate Max Financing
  2. Top tier of Operators
  3. WSJ Prime / LIBOR / T-Bill
  4. Variable and Fix Rates to Assets Ratio 50% (if higher we can use the FSA Program)
  5. Debt Terms / 25-30 Years Amortization
  6. 3 to-30 year
  7. Recourse
  8. Min Loan Amount $200,000 for Purchase or Refinance of Real Estate

Agricultural Loans - Operating & Equipment

For all Full Time Farmers

  1. Farm Operating Loans and Equipment financing available for the Large
  2. 70% Operators who are rolling their equipment
  3. Operating Loans can be secured by 1st Mortgage on Real Estate
  4. Debt to Assets Ratio 50% (if higher we can use the FSA Program)
  5. Up to 5 year Term on Operating Loans and Equipment Lines
  6. Min Loan Amount $1,000,000
  7. Min Loan Amount if using the FSA Guaranteed Loan Program $300,000

Agricultural Investor Loan Program

Companies/Entities that pool funds from individuals, or other resources, with the goal of acquiring agricultural real estate and leasing the property out for a constant return to Investors or Individuals/Entities with a majority of assets in non-agricultural

  1. Purchase or Refinance of Farm Real Estate of Credit to Purchase Additional Farms secured by Free and Clear Farms
  2. Maximum Debt to Asset ratio of 50%
  3. Current Ratio
    • Cash Lease - 1.10 to 1.0
    • Self-Operated – 1.25 to 1.0
  4. Minimum Property DSC of 1.00 to 1.0
  5. Minimum Total DSC of 1.00 to 1.0 (after distributions) Maximum Loan to appraised market Value or cost to purchase, whichever is less of 55%
  6. Minimum Loan Amount is $1,000,000

Agricultural Agribusiness Loan Program

For all Ag commodity and food processing plants, dairy, beef cattle, swine, egg and broiler facilities, cold storage and distribution warehouses

  1. Acquisitions, expansions, working capital or debt refinancing
  2. 5, 10, 15 & 20 years / Interest rate lock at application investments
  3. Typically Fixed Rates, Floating Rate also available
  4. Loan Amounts from $2,500,000 to $100,000,000

Credit Package for Agricultural Programs

  1. Executive Summary
  2. Personal Financial Statement
  3. 3 Years of 1040’s including Schedule F
  4. 3 Years of subject 1120, 1065, Schedule F
  5. Interim Year to Date Profit & Loss and Balance Sheet
  6. Credit Report