Cressida Direct

Basic information

QM program

N/A

Loss payee

TBD

CPL or subordinate clause

TBD

Lock policies & fees

Lock policies

Lock extension

N/A

Relock

N/A

Lock & Shop

No

Lender's niche & overlays

Lender's niche

SBA 7(a) Term Loans

All eligible business types, Nationwide

Loan Size

$500,000 to $5,000,000*

 *Pari Passu option available

Purpose : Commercial R/E purchase, ground up construction, business acquisition, debt refinance, purchase equipment and inventory, working capital/closing costs

SBA 504 Term Loans

SBA 504 blended rates are in the 7% range! All eligible business types, excluding hospitality; Available states nationwide!

1st TD Size

$500,000 to $15 Million*

*Larger loan size available on qualifying deals

Purpose Commercial R/E purchase or refinance, ground up construction, debt refinance.

USDA Business & Industry Loans

All eligible business types, Nationwide

Loan size

$500,000 to $20 Million*

Purpose Commercial R/E purchase, ground up construction, business acquisition, debt refinance, purchase machinery/equipment, supplies/inventory, working capital/closing costs

Lender's overlays

N/A

Lender turn time

Initial underwrite (days)

7

CTC conditions review (days)

4

Initial CD (days)

10

Reviews