Business Expansion Loans
Fueling Your Expansion with the Perfect Loan
Commercial Loans
Commercial loans is a debt-based (not equity) arrangement where the lender provides funds for the business to grow, fund capital expenditures, or operating costs. These loans can have variable interest rates or fixed rates over the life of the loan. Generally the loan is repaid by making periodic payments which includes interest and principal. The length of the loan usually corresponds with the life of the benefit. For instance, a loan to purchase real estate would be longer than a loan to support the growth of inventory. Loans to purchase equipment will be shorter terms and will be in line with the life of the equipment.
Commercial Loans
What you will need:
- Executive summary of the company, incorporating history of company, experience of management, why you have a need for funding, amount of funding required and source of repayment and financial projections for the next two years. The plan should indicate what dynamics have created the new growth.
- Last three years business tax returns
- Balance sheets for end-of-year for last three years
- P&L for last three years
- Current year P&L and balance sheet for the end of the month correlated with the P&L
- Current Personal Financials for the owner (for each owner of 20% or more of the company)
