Commercial & Industrial loans up to 15 million
We recently announced that we have expanded our business financing platform to include a larger sized conventional loan program, which has been getting a lot of attention for a number of key reasons:
- Loan amounts of up to $15 million
- 10 to 25-year amortization schedules
- Fixed, single-digit interest rates
- No financial covenants
Recent deals include the following:
Global Air Freight Company
$12.9 Million – Term Loan
- Refinanced and consolidated existing debt secured by multiple aircraft
- 10-year term
Food Product Manufacturer
$11.3 Million – Term Loan
- Owner-occupied commercial real estate purchase
- 25-year term
Fashion Boutique
$10 Million – Term Loan
- Refinanced original acquisition loan
- 25-year term
Restaurant Group
$6.6 Million – Term Loan
- Refinanced expensive debt from earlier leasehold improvements and working capital needs.
- 10-year term
Funds from these loans can be used for a variety of uses, including:
- Purchase owner-occupied real estate for the business
- Equipment purchases
- Technology refresh
- Working capital
- Business acquisition
- Limited construction financing available
Adam E. Epstein
Director - Strategic Alliances
Newtek Business Services Corp.
Office: 212-273-7752
Cell: 917-743-4898
www.newtekone.com |
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