Construction Finance

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,

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

B. 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
  • 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 7 days to close

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

Bridge loan for commercial real estateM

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

Merchant cash advances

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

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

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

As seen on:

Arizona Republic

AZ Republic1

AZ Central

AZ Central

Bloomberg

Bloomberg

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7373 E Doubletree Ranch Road, Suite B125, Scottsdale, Arizona 85258

funding@newbusinessfunders.com

1-855-680-FICO

1-855-680-3426