BUSINESS LOAN
You help our local economy succeed- so let’s us help you succeed. Explore these options for your business expansion or startup.
REQUIREMENTS
Proof of dentity
- Driver's license
- Other state-issued ID
- Passport (for International applicant)
Business plan
- Financial projections
- Purpose of using the funds
- Industry outlook
- Competitive analysis
Other Documents:
- Article of Organization
- Copies of two months' most recent consecutive bank statements
- Business Licenses And Permits
- Accounts Receivable Aging And Accounts Payable Aging
- Details Of Your Other Debts
- Financial Statements
- Employer Identification Number (EIN)
LOAN CRITERIA
Term:
Up to 20 years
Lending area:
Nationwide
Loan size:
$100k-40M
Interest Rate:
5%-8%
Amortization:
Interest only
Minimum FICO:
550
Funding fee:
Between 1% to 5% paid at closing
Closing term:
Closing within 3 - 10 business days