Small Biz Heroes

Construction Loans

Construction Loans are best for building new properties, whether for business purposes or investment purposes like rental properties or build-to-sell.

Amounts

$200k -$150M

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Terms Length

6 to 24 months

Payment Frecuency

Monthly

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Loan to Value

Up to 85%

Closing Time Frame

Less than three weeks

Credit Pull

Soft

Interest Rates

8-15%

BENEFITS

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Credit scores as low as 600 for professional investors

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Close within 14 days

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No appraisal required options avalible

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All Commercial Property types; SFR (1-4), Multi-family, Industrial, Office, Retail, Mixed-Use, Hotels, Mobile Home Parks

What Businesses Qualify?

Equipment financing is the perfect option for a company that needs equipment but doesn’t want to use all their own cash flow to buy it. This type of loan will help you acquire equipment without any upfront money, while also acting as a valuable form of collateral in case anything goes wrong and your business needs to borrow more cash down the line.

Equipment financing approvals are based on personal and business credit scores, industry type, positive trade history, existing trade lines, Debt Coverage Service Ratio and the equipment quotes provided by the business owner.

What Type of Equipment?

You might think that our underwriting team is just concerned with your borrowing history, but the type of equipment you are purchasing could also play a role in whether or not we approve your loan. If you’re looking to invest in something high-value and value retaining, then even if your credit profile isn’t perfect yet we may be able to work out an agreement for financing – as long as it’s within budget!

BORROWER CRITERIA

Experience

Required : None

Preferred : 3+

FICO

Required : 600

Preferred : 660

Entity Structure

Required : N/A

Preferred : LLC/Corporate

Permits

Required : No

Preferred : Yes

REQUIRED DOCUMENTATION

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Basic CRE application

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4 months of business bank statements

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Government issued photo ID

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Entity Documents

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Construction Resume

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Construction Budget

Let’s Get You Funded

We help your business grow and can even secure start up funding.

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What do you qualify for?

Getting the right business loan is a lot easier than you think. We help you identify exactly what you qualify for and what program is going to be the best fit to suite your specific needs. See what you qualify for today completely risk free!

**Secure E-Sign Application - Applying won't impact your credit score.

Must have a Business Bank Account for most programs

Both location and operation of Business must be in the United States of America or Canada

Must not have an open bankruptcy

No default history with lenders within the last year