Fund Business Operations and Expansions With the Right Loan
Our Loan Department, consisting of a team of seasoned lending professionals with many years of hands-on experience as a loan packager, loan underwriter, loan officer, and chief credit officer, has assisted many business owners in either getting loans to expand their business or making sales of their existing business happen by restructuring their business transactions. Our Loan Department also assisted many business sellers in getting pre-qualified for financing so that they could open the doors to more buyers and keep the sales of their business on track without having the buyer go out and look for financing, which may cause a delay in getting the deal done.
Finding financing to buy a business without professional assistance can be daunting and frustrating, and, in most instances, buyers and sellers are unsuccessful if they don't know who the key players are.
Today, all SBA and commercial business lenders are different with their SBA or commercial loan criteria, and they change underwriting formulas frequently. All lenders are different, and, many times, their requirements change frequently throughout the year.
Usually, the buyer or broker automatically assumes that all lenders are the same when it comes to SBA or commercial loan underwriting criteria. Some lenders have different criteria in different parts of the country depending on loan portfolio performance.
For over 40 years, our company has been providing niche business services in valuation, financial advisory, and loan placement services to business buyers, potential sellers, and business and real estate brokers.
Our office staff has already been directly or indirectly involved in the sales and financing of all types of businesses and is aware of all the details and specifications of these businesses. They are also aware of lenders’ expectations and requirements. For some businesses, we know government agencies’ requirements. We screen each deal for the best possible financing solution, and we know how to structure transactions, prepare an appropriate and professional business plan, and submit custom loan packages to our long-term contacts to be approved based on this information.
We have a 95% success rate after the pre-qualification process to obtain financing with the lowest possible down payment.
We consider ourselves “deal makers.” We work only with the right top national and local lenders who know how to get this loan done… GIVE US A TRY.
Loans can be used for:
1) Purchasing or refinancing any business with/without property
2) Purchasing the property of your existing business or any property or building for business
3) Expansion loan (construction or leasehold improvement)
4) Partnership buy-out
5) Purchasing equipment or inventory for business
We can finance the following businesses, with or without real estate:
Retail Businesses: Car Washes, Supermarkets, Gas Stations, Truck Stops, Body Shops, Convenience Stores, Liquor Stores, Restaurants, and Other Retail Businesses
Franchise-Type Businesses: Franchise Restaurants, Fast Food Restaurants, Hotels, and Motels.
Existing Practice Firms: Law Firms, Accounting Firms. Insurance Brokerage Firms, and Medical Doctors
Medical Practices: Dental Clinics, Veterinary Clinics, Medical Clinics, Medical Labs, and Surgery Centers
Montessori Schools, Day Care, and Assisted Living Facilities
Commercial and Industrial Properties or Any Owner-Occupied Land: Warehouses, Commercial Condos for Business Offices, Purchased Property of the Business, Purchased Land and Construction of Any Business (Such as Gas Stations, Car Washes, Restaurants, Medical Offices, Manufacturing Firms, and Distributorships)
LOAN SPECIFICATIONS
1) Loan size: From $150,000 to $30,000,000 (If real estate is included)
2) Maximum loan of up to 90% of the total project (Up to70% if without property)
3) Terms: 10–25 years. Some cases can last up to 30 years.
4) Interest Rate: New York Prime + (1-2.75). A fixed rate is available.
5) Other Specifications: The loan is assumable.
Why Do Potential Borrowers Come to Us?
Pre-qualify businesses for business purchase financing;
We review borrower records and only accept applications that we believe have a good chance of success. If we do NOT believe that the client will be successful with their application, we will indicate the problems that must be resolved prior to applying again;
Informs the seller and/or broker of the best way to structure the deal in order for loan approval to be possible, and the buyer to be able to cash out the seller;
Identify potential buyer characteristics for financing that should be screened by the seller or broker;
Provide information, forms, and data that the borrower will need to complete financing;
Work with buyers on their financing criteria, including filling out all appropriate forms correctly and preparing a business plan that may be required not only by the lender but also by the franchisor and landlord, saving you time and making loan approval possible with most lenders;
In addition, we manage the entire financing process from application to closing so that brokers don’t have to spend time on lender closing documents.