Special Use
Church Financing
Property Types: Sanctuaries, Schools, Expansion
Loan Proceeds: Acquisition, Refinance, Construction, Cash-Out
Trustee Guarantee: None
Size:$400,000 - $20 million
Fast Close: 45 - 60 Days
Cash Flow Multiple 3X - 4X Unrestricted Contributions
LTV 66 - 80 %
Term 25 - 40 Years; Open Ended for additional borrowings
Interest: Fixed Rate @ 190 - 220 over Treasuries
Prepayment: No Penalty
Construction Bonds: None Required for Qualifying Projects
Hotel Financing
Loan Amounts: $250,000 to $5,000,000
Cash Injection:15% for Flags in good standing, 20% for others. Start-ups and inexperienced management may require up to 30%.
Experience:Full service requires full service experience.
On-site management by >20% owner.
Collateral:80% of total Project must be for real estate or construction.
Repayment Ability: Based on historic cash flow of the business.
Minimum debt service coverage = 1.25x for last 2 years plus interim.
Expansion loans available for businesses with increasing trends.
Start-up projected coverage 1.25x within 1 year.
Loan Terms:Term up to 25 years.Fully amortized (no balloon).
3yr (5-3-1) prepayment penalty.
Interest Rates:Dependent upon strength of business.
Personal Guaranty:SBA requires from all 20% or more owners.
Business Acquisition / Franchise Start-Up Loan amounts $200,000 to $2,000,000
Approved Loan Purposes: Franchise Start-ups Franchise Acquisitions Business Acquisitions
LTV: No collateral requirements in selected states
Borrower Injection: As low as 20%
Term: 10 Years
Requirements:
Personal Guaranty: Required of all owners
Debt Coverage Ratio: 1.30 for two years
Eligible Businesses: Must be Privately Held, For-Profit, Owner Operator
Borrower’s Experience: None Required for Approved Franchises, 3 Years of Related Experience for Non-Franchise
Working Capital: Funds Provided to Cover 3 – 6 Months of Expenses
Property Types: Sanctuaries, Schools, Expansion
Loan Proceeds: Acquisition, Refinance, Construction, Cash-Out
Trustee Guarantee: None
Size:$400,000 - $20 million
Fast Close: 45 - 60 Days
Cash Flow Multiple 3X - 4X Unrestricted Contributions
LTV 66 - 80 %
Term 25 - 40 Years; Open Ended for additional borrowings
Interest: Fixed Rate @ 190 - 220 over Treasuries
Prepayment: No Penalty
Construction Bonds: None Required for Qualifying Projects
Hotel Financing
Loan Amounts: $250,000 to $5,000,000
Cash Injection:15% for Flags in good standing, 20% for others. Start-ups and inexperienced management may require up to 30%.
Experience:Full service requires full service experience.
On-site management by >20% owner.
Collateral:80% of total Project must be for real estate or construction.
Repayment Ability: Based on historic cash flow of the business.
Minimum debt service coverage = 1.25x for last 2 years plus interim.
Expansion loans available for businesses with increasing trends.
Start-up projected coverage 1.25x within 1 year.
Loan Terms:Term up to 25 years.Fully amortized (no balloon).
3yr (5-3-1) prepayment penalty.
Interest Rates:Dependent upon strength of business.
Personal Guaranty:SBA requires from all 20% or more owners.
Business Acquisition / Franchise Start-Up Loan amounts $200,000 to $2,000,000
Approved Loan Purposes: Franchise Start-ups Franchise Acquisitions Business Acquisitions
LTV: No collateral requirements in selected states
Borrower Injection: As low as 20%
Term: 10 Years
Requirements:
Personal Guaranty: Required of all owners
Debt Coverage Ratio: 1.30 for two years
Eligible Businesses: Must be Privately Held, For-Profit, Owner Operator
Borrower’s Experience: None Required for Approved Franchises, 3 Years of Related Experience for Non-Franchise
Working Capital: Funds Provided to Cover 3 – 6 Months of Expenses