1-855-680-FICO (3426) funding@newbusinessfunders.com

Construction Finance

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Bank financing up to 100% for partner buyouts:

  • Fund acquisitions, partner buy outs, expansions and working capital
  • Provide up to 90% financing for acquisitions (with max 15% seller carry back); otherwise 75% financing, must have 10% cash from borrower
  • Provide up to 100% financing for expansion, working capital and partner buyouts based on EBITA
  • 10 year fully amortizing loans at prime + 6+-
  • Minimal covenants, no prepayment penalties
  • Nationwide footprint
  • Industry agnostic
  • Require at least one year of profitability and good trends
  • Debt service coverage of 1.5 in the most recent year on acquisitions
  • Debt service coverage 1:1 in the last year and 1.25 projection basis for expansions and working capital
  • $5MM loan maximum (can be used in combination with other loans)
  • Personal guarantees required on all owners 20% or greater
  • 620 plus credit prefer 680
  • EBITA required
  • 45 to 60 day close
  • full doc, tax returns, year to date, bank statements, application, inventory, receivables, PFS, debts,
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Commercial real estate :

  • Fund Owner Occupied Commercial Real Estate and Equipment
  • Construction projects are eligible
  • Project sizes up to $15MM
  • up to 90% LTV financing with long tem fixed rates
  • Personal Guarantees required for owners 20% or greater
  • Consolidations
  • A. Debenture monthly term loan up to 300% of monthly revenue
  • 620 credit and up
  • tax returns
  • year to date
  • profit and loss
  • financial statement
  • 6 months bank statements
  • receivables
  • inventory
  • equipment
  • list of liabilities
  • all MCA’s outstanding
  • no lates
  • description as to how company will look and how they will increase sales with new loan in place
  • 3 to 6 weeks to close
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Optional new daily weekly and monthly options

  • 500 credit and up
  • tax returns
  • year to date
  • profit and loss
  • financial statement
  • 6 months bank statements
  • receivables
  • receivables
  • equipment
  • list of liabilities
  • all MCA’s outstanding
  • no lates
  • description as to how company will look and how they will increase sales with new loan in place
  • 3 to 7 days to close

 

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Equipment leasing and lease back see attached

  • must be 2 years in business (for in-house funding)
  • 620 scores and up.
  • up to 500,000 in-house
  • no limit equipment leasing for those who qualify with our strategic partners
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Bridge loan for commercial real estateM

  • up to 75% ltc
  • credit, 1003, use of funds, exit, executive summary, resume, financials, leases, cost breakdowns,
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Merchant cash advances

  • we have programs for business loan requests from 10,000 to 10,000,000. and up for those who qualify
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fix n flips

  • subject to location, and experience,
  • up to 90% of cost with up to 100% of renovations as long as 80% of today as is value, and under 65% of ARV- plus
  • closing costs, reserves, debt servicing
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COMMERCIAL subcontractor financing for materials

  • up to 100% commercial financing of materials for approved jobs.
  • from 50,000 to 10,000,000 in materials, concrete, steel, flooring, dry wall, plumbing, electrical, landscape, windows,
  • to name a few
  • mechanics lien on job
  • expand and grow your company, bigger jobs and more jobs

Home     About     Credit Repair     Business Funding     Contact

14040 N. Cave Creek Rd. Ste 310

Phoenix, AZ, 85022

funding@newbusinessfunders.com

1-855-680-FICO (3426)