Small Business Loan

 

Business Cash Advance: NO APPLICATION FEE / NO UPFRONT FEE

Small Business Financing

 

Startup Business

 

Grocery Store Loans

 

Restaurant Loans

 

Retail Capital

 

Inventory Loans

 

Business Equipment Loans

 

Online Business Loans

 

Financing Business Expansion

 

Loans for Chiropractors

 

Dental/Medical Loans

 

Merchant Cash Advance

 

 

Product features & benefits

 

        Owner Occupied Commercial Real Estate (51% or more)

 

·       Nationwide loans up to $5MM for 7a, up to $15MM (total) for 504

 

·       Project costs can include purchases, renovations, equipment, relocation expenses,

 

closing costs & justified working capital up to 125% LTV

 

·       Ground up construction to permanent financing (up to $5MM) if there is historic

 

cash flow (80% owner occupancy required)

 

·       As little as $10,000 down on multi purpose properties with strong credits

 

 

·       Expansion guidelines (that can be supported) allow for prior year cash flow as low

as 0.75 times

·       Rates – can fix at 5.99% (on stronger deals) with five year resets over a 25 year term

 

 

·       Refinances – will allow a 25 year amortization for refinance projects

 

·       Restaurants – for an existing operator looking to purchase, refinance, renovate or

 

expand his building, up to 100% LTV with historic cash flow

 

 

·       Commercial Condos & Coops – we typically can finance them

 

 

·       Fees – 50 bp’s to 100 bp’s based on pricing

 

 

       Non real estate

 

·       Medical (medical doctors, dentists, vets, ophthalmologists & pharmacists)

 

 

*  practice acquisitions (borrowers can be fresh out of med school), 10 year terms

 

with as little as $10,000 down

 

*  additional locations – must be supported by cash flow of primary location.  No

first time start ups.

 

 

*  Fees – 50 to 100 bp’s

 

·       Medical loans with commercial real estate –

 

 

*  For real estate loans that include a practice acquisition, expansion or

 

renovations of an existing practice, the build out of an additional practice or a

refinance…

 

*  We do not blend terms – loan term will be 25 years (if 51% or more of loan

 

proceeds go towards the real estate)

 

 

·       Franchise – for specific brands (such as Dunkin’ Donuts), borrower must be an

 

existing franchisee currently operating 1 to 5 units

 

 

*  business acquisitions (re-sales), 10 year terms with as little as $10,000 down

 

 

*  reimaging and/or refinance, 10 year terms

 

*  additional locations – must be supported by cash flow of primary location.  No

first time start ups.

 

*  Fees – 50 to 100 bp’s

 

 

·       Franchise loans with commercial real estate –

 

 

*  For real estate loans that include an existing store acquisition (re-sales),

expansion or reimaging of an existing store, the build out of an additional store

or a refinance…

 

*  We do not blend terms – loan term will be 25 years (if 51% or more of loan

 

proceeds go towards the real estate)

 

 

Equipment Leasing:

If you are looking to lease anything from a new boat, truck, car to a pizza oven, ETC provides the most affordable leasing programs. We are able to provide equipment leasing for just about every type of business. Additionally we have a lease back program that allows you to access capital through your existing equipment assets.

·         Transactions sizes range from $15,000-$5,000,000+

·         A,B,C,&D credits considered

·         12-120 month terms are available

·         Rates start at 6.5%

·         All IRS recognized lease structures and end of term purchase options can be considered.


 

Initial Submission Requirements:

·         Transactions under $100,000

  1. Application
  2. Equipment proposal/invoice
  3. 3 months bank statements

·         Transactions over $100,000

  1. Application
  2. Equipment proposal/invoice
  3. 3 month bank statements
  4. The previous year end balance sheet and P&L statement
  5. The current year interim balance sheet and P&L statement
  6. A personal financial statement on the principals

 

 

Credit Card Processing:

Accepting credit cards has become an important asset to any business. Having the capability to process credit transactions can drastically increase sales. We offer the lowest rates in the industry, because we believe that merchants should never overpay for something essential.

Initial Submission Requirements:

·         Application

·         Last 3 months of merchant processing statements

·         Voided check


 

ATM:

Don’t want to accept credit cards? No problem. Supplement your sales with an ATM and add an additional revenue stream for your business. ATM’s allow business owners to both encourage cash sales and earn extra funds.

·         Owners make 100% of surcharge

·         Surcharge up to $9.99

·         Call for ATM pricing details


 

Initial Submission Requirements:

·         ATM Startup Form

·         ACH Authorization

·         Merchant Processing Agreement

·         Merchant Participation Agreement

·         Leasing Application (if applicable)


 

Check Services:

Stop making unnecessary back and forth trips to the bank just to deposit a check. With our check imaging service you can authorize and deposit checks from the comfort of your chair. Checks can be accepted like credit cards and funds deposited directly into the bank account within 48 hours.

·         Free Check Imager Loaner Programs

·         Guaranteed deposit upon approval


 

Initial Submission Requirements:

·         Completed application
 


 

Commercial Real Estate Program:

A simple refinancing program for properties in need of reducing their monthly debt exposure or simply taking advantage of a discounted payoff, this program allows merchants to extract cash from equity to increase working capital, expand their business, or simply keep the operation moving forward.

1-3 year Program

(This program is more for credit or financially challenged situations including bankruptcy & tax related issues)

·         $200,000 to $10,000,000

·         40-80% loan to value

·         1 to 3 years

·         10-13%

·         No Prepayment penalties

·         Interest Only Payments

·         3-12 month interest reserves may apply on non-income producing properties

·         30-45 day turnaround time on average
 


 

1-5 Year Program w/ Amortized Options

·         $200,000 to $10,000,000

·         40-90% loan to value

·         1 to 5 years

·         10 to 20 year Amortized

·         6.5-11%

·         Prepayment Penalties may apply

·         30-45 day turnaround time on average


 

Initial Submission Requirements:

·         Application

·         Appraisal if one exists

·         Use of funds
 


Call today to receive a free evaluation:  212-776-3045