Welcome to the Existing Business lending page. 

 

 

When it comes to lending for capital injections, it is always a good idea to

have a business plan and typically required. We are here to help you develop

and structure a business plan to assist you in reaching your goals. 

 

A business plan is an essential roadmap for business success. This living document 

generally projects 3-5 years ahead and outlines the route a company intends to take

to grow revenues. In return, the bank or investor will have a better idea about your plan

and your business experience when making the final approval. Below are a couple of

options which may help you to acheive your goals. Please click on the application and

email or fax the completed application. A repersentive will reach out to start the process.

We look forward in working with you.  

 

 

                         SBA 7a (Use of 7(a) Loan Proceeds)

 

                                 If you are awarded a 7(a) loan,                                              you can use the loan proceeds to                                        help finance a large variety of                                              business purposes. However, there    are a few restrictions. For example, proceeds can’t be      used to buy an asset to hold for its potential increased    value or to reimburse an owner for the money they          previously put into their business.

                       Conventional Loans
 

                            Is a business loan right for you?

                                  If you're a business owner                                                   looking to purchase inventory                                           and materials, refinance debt or     finance account receivables, a  business loan may be right for you.

 

Basic uses for 7(a) loan proceeds include:

 

  • To provide long-term working capital to use to pay operational expenses, accounts payable and/or to purchase inventory

  • Short-term working capital needs, including seasonal financing, contract performance, construction financing and exporting

  • Revolving funds based on the value of existing inventory and receivables, under special conditions

  • To purchase equipment, machinery, furniture, fixtures, supplies or materials

  • To purchase real estate, including land and buildings

  • To construct a new building or renovate an existing building

  • To establish a new business or assist in the acquisition, operation or expansion of an existing business

  • To refinance existing business debt, under certain conditions

 

Apply for SBA Lending click here to access Part 1 and Part 2 of the two page application 

  • Available for amounts of $25,000 and up

  • Competitive rate that considers your overall business relationship 

  • Receive your funds as a one-time lump sum

  • Convenient monthly repayment terms, including auto-debit payment from a checking account

  • Secure your loan with a blanket lien on your assets

  • Equipment finance

 

Apply for lending by clicking here

 

 

Private Investors

Private investor are lending on the equity of your business in the form of real estate, cash flow, assets, or receivables. 

Private investors offer flexible guidelines including "stated income". Loans typically have higher interest rates and shorter terms. 

 

Please email us for additional information.