Organization Loan Application If your church
is seeking to expand we may be able to help! Our lenders occupy a
unique position in church financing, with the capability to provide churches
with a variety of options.
· Property Types:
5+ Unit Multi-family, Mix-Use, Day Care Center, Warehouse,
Mobile Home Park, Self-Storage, Automotive, Rooming House,
Car Wash, Bed & Breakfast, Day Care Center,
Education, Flagged & Unflagged Hospitality, Golf Course,
Industrial, Funeral Home, RV Park, Assisted Living Facility, Nursing Home,
Special Purpose, Raw Land, Developments and more.
We have established a strong niche in
helping those with less than perfect credit and Creative Financing/Factoring
· Cash Advance
utilizes a company’s credit card receivables to secure financing.
with 9 months in business and a credit card merchant account for 4Months can qualify. This program allows for purchasing of
working capital, renovations and more.
Advances are from $5,000 - $750,000. A - D Credit.
· Equipment Refinance
This program is
utilized when a company has existing free and clear equipment that
Can be used as
collateral to secure funding. All types of equipment can be utilized
financing amount is based on 50% to 90% of the equipment cost.
A - D Credit. Two
programs available: $20k - $150k & $500k + program.
Factoring allows the client to sell their
accounts receivable for cash, versus waiting
30 to 60 days to be paid by their
customer. Factoring will provide the client the
Capital they need to improve their cash
flow and utilize funds for needs such as:
Covering payroll, cash to fuel growth or
take on new jobs.
Normally 60% to 85% is advanced against the invoices
And the remaining Funds
(minus fees) would be forwarded once the invoices are paid. A - D Credit.
This program provides the ability to
utilize an existing Purchase Order (PO) or
Contract for financing Direct Labor
Inventory, Raw Materials, Work-in-Process,
Finished Goods, Direct Overhead,
Buy-Outs-Components Parts and Sub ssemblies.
PO’s can include companies outside of the
US. Minimum transaction size is
Typically $25,000 and can be based on a
continuous PO with a client over an
Extended period of time. A - D Credit.
If you have questions,
corporate offices at: 562-438-9200 or via email
FHA / HUD
30 YEAR FIXED -Payment /Principle & Interest - Fixed
10 YEARS INTEREST ONLY - Following, Loan Repayment Amortized Over 20 years / Borrower Pays Principle & Interest.
FHA - 3.5% DOWN - Little Reserves Needed & Very Generous on Fico Scores. Loan is Government Insured, Mortgage Insurance.
Condos must be FHA approved, or go through approval process.
203 (K) - Rehab Loans- Money to Rehabilitate the home is included in one loan / FHA / HUD. Must be Owner Occupied.
Can be SFR or Condo /4 - units or Less.
Loan Pre-Approval Items Needed
Renting Information needed, - Landlord Name, & Contact Information
Need contact number to Verify Employment
Borrowers Authorization Signed
(For Credit Report)
If you currently Own Property: Taxes, Insurance, & Current Mortgage