Commercial Lender for Yor Small Business

SBA Loans

Cash out up to lessor of $500,000 or 22.5% of Home Value
No payments AT ALL for up to 30 years
This is NOT a loan, so there is NO UCC credit reporting
Available in most states for residential 1-4 unit owners (owner occupied & investors)
Investor Participates in percentage of gain or loss when property is sold
Min FICO 550
Max CLTV including this cash out is 75%
Funding time: 2-3 weeks
NO APLICATION FEES

Credit score of 650 or higher
2-3 years personal tax returns
Income verification
Collateral for the loan
20% of the loan amount contributed by the borrower
Ex - $1M loan borrower will need $200k they would contribute and the SBA will fund the balance of the $800k if borrower qualifies
5-7 year term loan

680 credit score of higher in all three reporting agencies
No bankruptcy in the last 10 years
Adjusted gross income of $50k or more for the last two tax years
Proof of current income
5-7 year term loan up to $500k
Unsecured line of credit up to $150k
They will charge a success fee of 15% of the amount the borrower receives after the funds are received by the borrower
No money down and no collateral for the loan
2-4 day pre approval and money can be received within 2 weeks

No appraisal, no tax returns, no income verification loans are available, up to $5,000,000
10% Down Subprime SBA purchase programs available (for business owners)
Not-for-profit businesses and houses of worship
Non-Resident Aliens and ITIN foreign nationals
Available to ALL non-residential real estate owners, not only business owners
Residential non-owner-occupied investment properties also welcome
Challenged Credit low FICO scores and Recent Mortgage Lates
Bankruptcies, Foreclosure History, Tax Liens, and Title Violations
Various Loan Programs are available up to $20,000,000

$100 Million dollars of funding approved annually

Secured
Lines of Credit1	Variable interest rate line of credit secured by any combination of business assets. May be used to provide overdraft funding.	Affordable rates and a simple application process make leveraging your company's collateral a way to obtain easy financing.
Term Loans	Fixed interest rate; terms up to 10 years. Used to purchase or refinance machinery, vehicles, equipment or other assets.	Flexible financing options streamline your vehicle, equipment, machinery and other financing needs.
Equipment Leases	Obtain equipment, vehicles, technology systems and machinery with up to 100% financing (including common soft costs like warranties, training and installation).	Preserve capital and obtain tax benefits with a business lease that provides flexible end of term options. For requests less than $150,000, a decision can be reached in as little as 4-6 hours.

Commercial Real Estate
Commercial Mortgages	Fixed interest rate; terms up to 10 years (amortization up to 25 years).	Acquire or refinance your company's owner-occupied commercial property.
Construction Loans	Variable rate during construction period, with rate fixed post-construction, for terms up to 10 years (amortization up to 25 years).	Streamlined process provides construction, expansion, renovation financing for owner-occupied commercial property.

Letters of Credit
Standby Letter of Credit	A standalone cash-secured standby letter of credit is issued by BMO on behalf of its clients and guarantees payment in the event the client does not meet financial or performance obligations to other parties.	Allows clients to transact business with other parties based on the credit strength of BMO. Commonly used in landlord/tenant agreements or between clients/ local municipalities.
Documentary Letter of Credit	A standalone cash-secured documentary letter of credit is issued by BMO on behalf of its clients (the buyer) to facilitate payment between the bank and a seller on a timely basis provided documents confirm the goods have shipped or performance has occurred.	Most commonly allows dients to confidently transact international business between unfamiliar parties who need the added protection that the bank's letter of credit may provide. The letter of credit is the instrument through which payment is effected and is intended to be drawn.

Government Loan Program
SBA Loans	Available for working capital, equipment, real estate purchases, expansions and renovations. Generally, longer-term financing options available (>10 years).	As a Preferred SBA Lender, BMO can process your business loan. Ask your banker for details.