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TROUBLE GETTING COMMERCIAL FINANCING?
Would relaxed underwriting and a 30 year term help get your project to the finish line? Your property may be eligible for a government backed program. USDA BUSINESS AND INDUSTRY LOANS and SBA LOANS are our specialty. Even if your bank has turned you down, it is possible that you may qualify. Many banks simply are not interested in, nor do they understand the parameters of these loan types. Let our established relationships with aggressive lenders assist you in getting your project completed.
A USDA Business and Industry borrower must be engaged in or proposing to engage in a business that will:
1) Provide employment;
2) Improve the economic or environmental climate;
3) Promote the conservation, development, and use of water for aquaculture, or:
4) Reduce reliance on nonrenewable energy resources by encouraging the development and construction of solar energy systems and other renewable energy systems.
ELIGIBLE PURPOSES:
a. Business and industrial acquisitions when the loan will keep the
business from closing, prevent the loss of employment opportunities, or provide expanded job opportunities;
b. Business conversion, enlargement, repair, modernization, or development;
c) Purchase and development of land, easements, rights-of-way, buildings, or facilities;
d) Purchase of equipment, leasehold improvements, machinery, supplies, or inventory.
LOAN AMOUNTS:
Up to 10MM
Terms:
30 years for real estate
15 years or useful life of equipment
7 years for working capital
Call for more details 800- 308-6766
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