Working Capital Loan
SBA Express Loan is an excellent options to obtain up to $150,000 loan amount at a low rate. Typically take about few weeks to close. The term term can be a 10 year term with floating interest rate at Wall Street Prime + 2.75% to 3.75%
The loan can be use for
Working Capital
Equipment purchases
Vehicle purchases
Debt Refinance majority of refinance requests will be MCA or high interest term debt
Commercial Real Estate purchases or refinances
Business Expansion (acquisition of a book of business, assignment of lease, etc)
Documentation Requirements:
Two full years of most recent business and personal tax returns
Current Interim Profit & Loss statement and Balance Sheet
Business Debt Schedule
Personal Financial Statement
Bank Statements (three most current months)
Purchase, please provide contract, vehicle and/or equipment purchase quote(s)
Refinanced, please provide notes for debt