Small Commercial Loans
ALL 50 STATES
Small Commercial Loans
Purchase, Refinance, Equity loans and lines of credit from $50,000 to $500,000
No appraisal fee
No application fee ONLY 2 PAGES
No title/escrow fees on equity and refinance transactions
No reserve requirements
Loan origination fee only 1% -- and can be waived on fixed rate loans with 35 bp add to rate
All Legal Entities; Individuals, Sole Proprietors, LLC’s, Corporations and Trusts
Wide variety of eligible property types
Owner-occupied or investor property
Commercial real estate property value up to $3 million
1st or 2nd lien position
Fixed or adjustable rates, commercial equity line of credit (CELOC) and line/loan combo
All standard property types and many non-traditional are eligible, including:
- Office
- Office Condo*
- Warehouse
- Retail
- Mixed-use
- Special Purpose
- Residential 1-4**
- Multi-Family Residential 5+
- Some Environmentally Sensitive Properties
Most Common Eligible Special Purpose Properties*
- Assisted Living Facility
- Auto Repair Shop
- Convalescent Home
- Daycare or Preschool
- Fast Food Restaurant
- Gas Station less than 10 yrs old
- Health Club or Gym
- Mini-mart
- Nursery (Horticulture)
- Self-storage
- Theater
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