
Small Business Lending
"Serving America's Businesses Since
1981"
Middle
America Region
Brian Climer
and Debbie Climer
4620 Woodcrest Dr.
Columbus, IN 47203
Tel (812) 390-7988 Fax (812) 372-7882 |
West Coast Region - Home Office
Located in the Heart of Silicon Valley
Wayne Evans
251 S. Mathilda Ave.
Sunnyvale, CA 94086
Tel (408) 522-9100 1(800) 540-4884
Fax (408) 522-9119 |
East Coast Region
C. Nicholas Costa
455 Laurel Street
Scranton, PA 18508
Tel (800) 540-4884 Fax (570) 347-8775 |
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Commercial Real-Estate
Financing
- Loans can be structured up to $3,000,000
- Must be eligible business borrower & occupy at least 51% of the building
- Minimum down payment 10%
- Interest rate adjustable indexed to prime
- 25 year term, no balloon payment, no prepayment penalty
- Construction financing permitted
- Loans can be structured up to $3,000,000
- Must be eligible business borrower & occupy at least 51% of the building
- Minimum down payment 10% (Single use property 15%)
- Interest rate fixed
- 20 year term, part of loan may have a balloon payment
- Prepayment penalty first 10 years
- Construction financing permitted
- Loan limits subject to banks policy and federal regulations
- Property must have rental income sufficient to cover payments plus 25%
- Minimum down payment 25%
- Interest rate adjustable
- 30 year term, with balloon payment in 5, 7 or 10 years
- Prepayment penalty usually in first three years
- Construction financing permitted
Conduit
Financing
- No limit on loan size
- Property must have rental income sufficient to cover payments plus 40%
- Minimum down payment 30%
- Interest rate fixed
- 30 year term, usually no balloon payment
- Prepayment penalty common
- No construction financing
Business
and Industry Loan
- Loans up to $10,000,000
- Property must be located in an area with less at 50,000 population (Rural)
- Minimum down payment 20%
- Interest rate adjustable indexed to prime
- 30 year term, no balloon payment
- No prepayment penalty
- Construction financing permitted
All loans are subject to additional terms and conditions as required by
individual lending institutions.
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