Base Programs & Criteria

Financing equipment and projects for small to mid-size business in the U.S. is always in a state of change. Probably for all companies, the world economy and political shifts has some effect on how we do business here at home. As programs and criteria change, we do our best to keep you updated.

Here is a list of our current services:

Special Energy Programs – special solar energy financing is available for projects of $500K and up with terms from 5-20 years and rates from 4-7% interest. A full 3 years financials are required from the borrower and the structure can be either an Operating or Capital Lease. We have several variations of this energy finance program which can be tailored to meet the customer’s needs. The key to getting longer term approvals is for the borrower to have proven stability and ownership of the property.

Standard Programs – our minimum for any finance is $20K. Standard terms are 2-7 years. Base commercial rates are 6-9% interest. What determines the TERM and RATE is the total dollar amount of the project and the credit history the borrower. Minimum time in business, for any of our programs, is 2 years and the company must operate and be licensed in the U.S. Standard programs apply to commercial businesses and non-profit organizations. A full credit review can include 2 years of complete financials and, where appropriate, guarantor’s financials as well.

Municipal Financing – for cities and government districts which can include hospitals, schools, libraries, police and fire stations, etc. Minimum amount is $100K and terms can extend from 15 to 20 years with rates at 3-5% interest. What determines the TERM and RATE is the bond rating of the municipality; the higher ratings get the lower rates and longer terms. Smaller cities with no bond rating may need to provide full financials; medium to larger ones only need to complete a credit application.

Merchant Loans – designed for fast access to working capital; if you have credit card transactions as part of your business then you can get money based on the monthly volume of your credit sales. The process is very quick with minimal paper work and availability from $5K – $150K with 3 to 18 month terms.

Factoring – designed to access working capital based on your accounts receivables; factoring can be fast working capital which helps cut the lag time between billing and payment cycles. This is a great tool for businesses which offer a high volume of credit terms to their clients and can be used continuously or during peak times of the year.