Are you expanding your business? Adding a second, third, or even 15th location? OR Are you out of SBA money? Can your new location's debt service of the new loan be covered by your existing business net revenue? DCR needs to be around 1.3

If so, this loan is for you!

1. Allow 1 week for a credit decision.
2. 3 week closing!
3. Only business assets are pledged against the note, a personal guarantee is required of all partners.
4. Fixed rates. 
5. 2-7 year term
6. There is a prepayment penalty.
7. A first month's payment and $1,200 doc fee, and security deposit (last month's payment) is due with loan documentation after initial pre-approval.
8. No closing costs for new builds except 1.5% points and $1,200 documentation fee. You may roll this into the note or pay up front.
9. It is documented on a line of credit. You will accrue interest on any monies paid out. At the end of the project, when the new build is done, we will total all monies paid out and take the note to term and lock everything in. We will roll the interest into your note or you can choose to pay it.

For more information on this great 100% of FF&E and buld out costs, call Brett Swearingen at 800-557-0682