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Effective Monday, September 14th, 2009, we will begin accepting loan applications again for Gas Stations with attached Convenience Stores under our SBA and USDA loan programs.Branded and unbranded stations welcome. Properties may have an office, car wash, auto repair garage component as well.
Loan Size: $200,000 - $2,000,000Eligible Locations: NationwideLoan Term Amortization: 25 yearsCollateral: First position mortgage as certified by title search and title policy on property. Must have a first security interest under UCC-1 on all business assets of real estate and operating entities.Debt Service Coverage Ratio: Minimum DSCR of 1.00x depending upon property type, age, physical condition, location, and competitive market position.Loan-to-Value Ratio: 75% LTV
For more information call us TODAY at 863-298-8900 or 813-833-3132
Visit the link below to get a Quick response to your Commercial Loan Scenario. Simply provide us with some VERY BASIC information:Quick Loan Pre-Qual form
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