Business Acquisition (with or without real estate)

Loan Application Checklist:

• Loan Application
• Personal Background and Financial Statements – for each business principal
  • Resume (template available upon request)
  • 3-years Personal Federal Tax Returns
  • Personal Financial Statement form
• Business Financial Statements – of the business being purchased
  • Year-to-date Profit and Loss (P&L) Statement
  • Current Balance Sheet
  • 3 years Business Federal Tax Returns
• One-year Projection Statement (analysis by month)
• Business Overview and History
• Sales Contract/Purchase Agreement
• Proof of cash injection (recent bank statement)
• Business Lease, if applicable

Loan features include:

• With real estate:
  • Terms up to 25 years available
  • Up to 90% financing of total project costs
• Without real estate:
  • Terms up to 10 years available (no pre-payment penalty)
  • Up to 85% financing

Commercial Mortgage Refinance and/or Business Debt Consolidation

Loan Application Checklist:

• Loan Application
• Personal Background and Financial Statements – for each business principal
  • Resume (template available upon request)
  • 3-years Personal Federal Tax Returns
  • Personal Financial Statement form
• Business Financial Statements
  • Year-to-date Profit and Loss (P&L) Statement
  • Current Balance Sheet
  • 3 years Business Federal Tax Returns
  • Business Debt Schedule
  • Copy of Loan Note

Loan features include:

• With real estate:
  • Terms up to 25 years available
  • Up to 100% financing
• Without real estate:
  • Terms up to 10 years available (no pre-payment penalty)
  • Up to 100% financing

U.S. Small Business Administration Loans -

SBA 7(a) Loans are available to assist businesses:

Establish a new business or assist in the acquisition, operation or expansion of  an existing business
Purchase commercial real estate, including land and buildings
Construct a new building or renovate an existing building
Purchase equipment, machinery, furniture, fixtures, supplies or materials
With short- and long-term working capital needs
Refinance existing commercial mortgage and/or business debt to save you money

Business Term Loans

Equipment, machinery, vehicle, computer or inventory purchases
Leasehold improvements
Refinancing to include debt consolidation

Business Line of Credit

Provide short term working capital