Business Loans
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Our Loan Programs
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Business Loans
A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans, business cash advances and cash flow loans.
SBA Loans
Business owners can access preferred SBA 7(a) financing up to US$5 million for a variety of specialized needs such as purchasing or starting a business, or to renovate or construct commercial real estate. SBA Express loans up to US$50,000 and expedited SBA 7(a) working capital loans up to US$350,000 are also available. [LINK] also, put this [LINK] on Business Loans.
Fix and Flip Loans
Fix and flip loans are short-term financing options designed for real estate investors who purchase properties to renovate and sell quickly for a profit. These loans provide the necessary funds to cover both the purchase price and renovation costs.
DSCR Loans
A Debt Service Coverage Ratio (DSCR) loan is a type of mortgage designed for real estate investors. Unlike traditional loans, which require proof of personal income, DSCR loans allow borrowers to qualify based on the rental income generated by the property.
Construction Loan
Construction loans are short-term loans specifically designed to finance the building of a home or major renovations. Unlike traditional mortgages, which are based on the value of an existing home, construction loans are based on the projected value of the home once it is completed..
Project Loans
Project finance allows companies to undertake large-scale, long-term projects by relying on the project's future cash flows for repayment, rather than impacting the company's balance sheet. This type of financing typically involves the creation of a special purpose vehicle (SPV) to isolate project risks and keep the debt and liabilities off the parent company's and government's balance sheets.
Financial & Performance SBLCs
A standby letter of credit is a bank's guarantee of payment to a third party if its client fails to fulfill a contractual obligation. Financial SBLCs are used in international trade to mitigate the risks involved with large financial commitments between unfamiliar parties. Financial SBLCs are used to ensure payments for goods and services. On the other hand, Performance SBLCs are used in international projects to mitigate the risks involved with large project commitments between unfamiliar parties. Performance SBLCs are used to guarantee project completion.
Commercial Real Estate Loans
Business owners and property investors can access no income documentation commercial real estate loans, nationwide. This is an asset-based, application-only loan program and no bank statements, tax returns, or financials are required. Most real estate is considered including raw land and residential investment property. There is no property occupancy requirement, no cash-flow or debt-service minimum, and no third-party appraisal is required in most cases.
Foreign National Loans
Foreign national loans are specialized mortgage products designed for individuals who are not U.S. citizens or permanent residents. These loans enable non-residents to purchase real estate in the United States, whether for investment or personal use. These loans typically require larger down payments and may have different documentation requirements compared to traditional mortgages.