| Louviers Mortgage is now closing small balance commercial loans and it has never been easier! | |
Borrowers:
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Property Types:
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Highlighted Commercial & Small Business Loan Products |
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Small to Middle Market Business Loans |
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| Loan Amount: |
$250,000 to $5,000,000 |
| Rate: | Prime + 2.75% |
| Term: | Up to 25 years on real estate. |
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Up to 10 years on equipment, leaseholds, inventory and working capital |
| LTV: | Up to 90% |
| Use of Funds: | To purchase owner occupied real estate (must occupy 51% of the building), business acquisitions, equipment purchases, or refinance existing business debt. |
| Business Types: | Manufacturing, distribution, motels, restaurants, auto repair, gas stations, retail businesses, day care centers, bed and breakfast, or any worthwhile business. |
| Benefits: |
We do not have any loan covenants, or deposit requirements. If a bank refers a deal to us that we successfully close, we will provide incentive for the client to set up a deposit account in your bank. |
| Underwriting: |
We will fund loans a typical bank will not because of poor cash flow, losses, high debt ratios, or covenant violations. If the business is trending positive, we'll consider the loan. |
Small Business Bridge Loans |
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| Loan Amount: | $50,000 to $2,000,000 |
| Rate: | From 10% |
| Term: | Up to 2 years/interest only |
| Collateral: |
Commercial Real Estate |
| Secondary Collateral: | Residential/investment real estate, accounts receivable, inventory, machinery & equipment |
| Loan Purpose: |
Working capital, debt restructuring, rehab or acquisition |
| LTV: | 65% maximum |
| Underwriting: | Primary based on collateral value |
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Credit score > 400 |
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No income verified allowed |
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Judgments, tax liens paid at closing |
Business line of credit/Asset Based Loans |
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| $350,000 to $10,000,000 | |
| Rate: |
From Prime + 1% |
| Collateral: |
Accounts Receivable |
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Inventory (Wholesale, Manufacturing & Retail) |
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Machinery & Equipment |
| Loan Purpose: |
Working capital, debt restructuring, leveraged acquisitions, turned Chapter 11 financing, seasonal shortfalls, expansions |
| Customer Base: |
Manufactures |
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Distributors |
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Service |
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Consumer A/R, not available |
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Medical |
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Retail Inventory |
| Underwriting: |
85% advance on A/R |
| Up to 50% advance on inventory |
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| Majority of advance must be on A/R |
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| High debt to worth ratios are acceptable |
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Do these loans sound like a good fit for you? If so, Get Qualified online or call us today at 302.234.4129.
Sure, our highlighted loans are our most popular, but maybe you need something else in a loan. We have many different commercial and small business loan options. Contact us today at 302.234.4129 to speak to one of our qualified loan specialists to find the perfect loan for your business.
