Commercial Loans

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

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.

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