CROWN MORTGAGE understands the financial complexity in starting a new business, and WE ARE HERE TO HELP. We will provide you with helpful advice, and let you make an informed and a wise decision.
1. Acquisition loan
A loan is given to assist in acquiring the asset of business.
2. Asset based loan
The business loan is secured by collateral assets. Typically, these loans are tied to inventories, account receivable, machinery and equipment.
3. Bridge loan
It's also known by 'interim financing' 'gap financing' or 'swing loan'. This is a short term loan (up to one yr) with relatively high interest rate that is used for users to meet the current obligation by providing immediate cash flows until a person or a company secures permanent financing or removes an existing obligation.
4. Construction improvement & rehab loan
This loan is usually defined as partially improve or rebuild an existing structure.
5. Refinancing & SBA(definition)
- SBA: Small Business Administration. This loan is helped to start up expense or operating expense that they need.
- Refinancing the commercial loan is used to pay off the old loans with new loan that use for same collateral. They usually choose refinance with a lower rate or term is better than the original one.
Please contact one of our friendly experts TODAY for more details.