CDC Small Business Finance

Thông tin cơ bản

Chương trình QM

Không có

Loss payee

N/A

Điều khoản CPL hoặc subordinate

N/A

Chính sách khóa lãi & phí

Chính sách khóa lãi

Gia hạn khóa lãi

Không có

Khóa lại

Không có

Lock & Shop

Không

Thế mạnh & overlay của lender

Thế mạnh của lender

• Working capital loans for business acquisitions, tenant improvements, debt refinance, equipment purchase or any other general business use such as payroll, marketing, etc.

• Loan amounts between $30k - $350k, across 43 states in the U.S. (We do not lend in VT, LA, MN, NE, UT, SD & ND)

• We are an SBA Preferred Lender (PLP Lender), which means a faster closing time (on avg 35-45 days)

• Can fund startups (pre-revenue, new businesses or early stage entrepreneurs operating for less than 2 years), in addition to existing businesses

• 10% injection for new businesses and business acquisitions

• No collateral requirements (having no or limited collateral is not a disqualifier)

• Debt service coverage ratio of 1.15 (Most lenders are at a minimum of 1.25)

• Can utilize projection based underwriting (great for pre-revenue/new businesses or existing businesses that are looking to grow/expand) 

• We have a program for clients who no longer qualify for SBA because they are not U.S. Citizens, but are instead, Legal Permanent Residents (LPR)

• No prepayment penalties or early payoff fees 

• We are not a deposit gathering institution, so the client can retain their banking relationship without the hassle of having to move their accounts elsewhere

• We are not currently funding NAICS 722 (retail food & beverage businesses at this time)

Overlay của lender

Minimum FICO of 650

Thời gian xử lý

Thẩm định ban đầu (ngày)

Không có

Xét điều kiện CTC (ngày)

Không có

CD ban đầu (ngày)

Không có

Đánh giá