Commercial Loans
Business Line of Credit *
Brickell Capital Finance
- Max amount $250,000
- The 6-month term starts at 8% or 1.5% monthly
- The 12-month term starts at 15% or 1.5% monthly
- Only pay interest on the months it is used
- 2% withdraw fee
- No prepayment penalty
Requirements
- Application form
- Last 3 months of Business Bank Statements
- Drivers License
Eligibility
- 1 year in business
- Min Annual sales $240,000
- No min FICO
- No more than 5 OD’s and NSF’s in the last 5 months
- Min bank statement balance $2,500 in the last 90 days
- No Real Estate Rentals
Start-up Loans and Buy-in Loans
SBA 7(a) Loan **
- Min amount $250,000, Max amount $5MM
- Up to 10 years term
- Terms can be blended if loan includes both Real Estate and non-Real Estate debt
- Competitive interest rates
- SBA guarantee fee ranges from 2% to 3.5% of the guaranteed portion of the loan
- Other fees include: packaging fees, third party reports, lien filings, title changes, etc. Closing fees can be incorporated in the loan.
SBA 504 Loan ** (funds must be allocated toward fixed assets like equipment)
- Min amount $250,000, Max amount $15MM
- 20 – 25 years term
- Variable and fixed rate options
- Loan fees 2% – 4% of total financing
- Other fees include: packaging fees, third party reports, lien filings, title changes, etc. Closing fees can be incorporated in the loan.
Commercial Real Estate
Conventional Loan ***
- Max loan amount $2MM
- The term is 30 years fixed
- Min credit score 650
- 75% LTV
- Prepayment penalty 3 to 5 years
- Loan origination fee 2.5%
SBA Loan **
- Max loan amount $5MM
- The term is 25 years variable
- Min credit score 680
- 90% LTV
- Prepayment penalty 5 years
- SBA guarantee fee 2.5% – 3.75%
- Underwriting, processing and legal documents $3,500
* Not Available In: NE, NV, ND, SD, TN, UT, VT and PR.
** No State restrictions
*** Not Available In: AZ, CA, FL, HI, ID, MI, MN, MT, NE, ND, NJ, NV, SD, TN, UT, VT, WV, WY