Small Business SBA Loan Program The Small Business Loan Program at First Merchants Financial Services is an excellent source of financing for most businesses. First Merchants Financial Services has been designated as a Preferred Financial services company by Preferred SBA lenders to have loans processed more quickly and efficiently. This designation means that the SBA has delegated the approval process to our lenders, which means fast and efficient processing of your SBA loan. COMMERCIAL/INDUSTRIAL REAL-ESTATE FINANCING Purchase - Build - Refinance - Renovate - Owner-occupied
EXISTING BUSINESS ACQUISITION LOANS
EQUIPMENT FINANCING
LOANS UP TO $5 MILLION
7(a) Loan Program We specialize in providing long-term permanent financing to small businesses. Our loans, including the 7(a) Loan Program, are made through the Small Business Administration (SBA) guaranteed loan programs. Eligible Businesses and Property Types Almost any type of for-profit business is eligible for financing. Commercial real-estate must be partially occupied by borrower and includes, but is not limited to, the following types of properties:
Eligibility based on SBA size standards. Typically, retail businesses with annual sales of less than $6,000,000, manufacturing business with less than 500 employees, and service businesses with less than 100 employees. Eligible businesses include those in retail, manufacturing, and services industries. Use of Proceeds
Real-estate acquisition, construction, or refinance -
up to 90% financing available Terms
Up to 25 years for real-estate financing Interest Rates and Fees Interest rates are always market competitive. Fees are generally limited to the SBA guaranty fee and customary closing costs. Loan Amounts Loan amounts range from $200,000 to $5,000,000 504 Loan Program We specialize in providing long term permanent financing to small businesses. Our loans, including the 504 Loan Program, are made through the Small Business Administration (SBA) guaranteed loan programs. Use of Proceeds
Real-estate acquisition, construction, or refinance -
up to 90% financing available Loan Structures Financing available on projects up to $12,000,000.
Terms and Interest Rates
First Mortgage -
up to 25-year term for real-estate loan and up to 15-year term for
equipment purchase with fixed and variable interest rates available. Fees
First Mortgage -
fees are always market competitive. Fees also include customary closing costs, construction loan fees (if applicable), and bridge fees. Eligible Properties Almost any type of for-profit business is eligible for financing. Commercial real-estate must be partially occupied by the borrower
The Triad # 1 Small Business & Church Lending Resource 855-768-0933 336-768-0936 3516 Vest Mill Rd Winston Salem NC 27103
email: firstmerchantsfinancialteam@gmail.com
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