1st Coastal Commercial Capital
1-888-316-1787
NO UP FRONT FEES!
Over 1000 Capital Sources

NATIONWIDE LENDING FROM COAST COAST

The Commercial Capital Gazette
Commercial Mortgage and Real Estate News
Published By 1st Coastal Commercial Capital
DGurney.jpg
USDA B&I

USDA BUSINESS & INDUSTRY (B&I) LOANS


Eligible Areas
Projects financed under the B&I program must be located in the United States or its possessions/territories
and must be in a rural area (defined as having a population of less than 50,000).Eligible Borrowers
Any legal entity including individuals, public and private organizations and federally recognized Indian
tribal groups
There is no size restriction on the business
Use of Proceeds
B&I Loans may involve acquisitions, construction, conversion, repair, modernization or debt refinance.
Loan proceeds can be used for real estate acquisition and/or improvements, machinery, equipment,
furniture, fixtures and working capital. Closing costs and guarantee fees are also eligible.

Borrower Equity Requirements
For existing businesses: a minimum of 10% tangible balance sheet equity is required at the time of
issuance of the Loan Note Guarantee
For start-up businesses: a minimum of 20% tangible balance sheet equity is required at the time of
issuance of the Loan Note Guarantee
Equity is determined in accordance with Generally Accepted Accounting Principles (GAAP)


Terms
All B&I loans are fully amortized with no balloons or call dates.
Maximum repayment terms are up to 30 years for real estate and improvements, up to 15 years (or
useful life) for machinery, equipment, furniture and fixtures and up to 7 years for working capital.
Rates are based on a spread over the Prime Lending Rate. Rates vary depending on the specific
strengths of the transaction.
A one-time Guarantee Fee of 2% of the guaranteed principal amount is due to USDA at loan closing.
Other customary fees also apply.

Pre-Screen
Pre-screen service available within 24 hours with no charge or obligation by providing
limited information.


--------------------------------------------------------------------------------
1st Coastal Commercial Capital - 3201 Mountain Rd Suite 116 - Pasadena, MD 21122
Office Phone: (410) 255-7437 Fax: (410) 360-1429 Cell Phone: (443) 257-9096
Toll Free Phone: (888) 316-1787


--------------------------------------------------------------------------------
:: Asset Based Lending :: Bridge Loans :: Church Loans :: Conventional Lending :: Cost Segregation :: Factoring/Leasing :: Farm/Agricultural :: Gap Financing :: Hard Money :: International Funding :: Investment Banking :: IRA/401K Loans :: Life Companies :: Loan Programs :: Main Line Lending :: Medical Professionals :: Mezzanine Loans :: Multi-Family :: Preferred Equity :: Private Lending :: Purchasing :: Receivable Loans :: Refinance :: Securities Lending :: Wall Street Money :: Loan Guidelines :: Quick Loan Qualifier :: Fannie Mae :: Hud Financing :: SBA 504 :: SBA 7a :: USDA B&I :: Convenience Stores :: Healthcare :: Hotel :: Industrial :: Marinas :: Mixed Use :: Multifamily :: Office :: Retail :: Self Storage :: Golf Courses :: Schools :: Trailer & RV Parks :: Request Loan Status :: Carwashes :: Bowling Alleys :: Bars & Restaurants :: Calculators :: Motels & Unflagged Hotels :: Resorts :: Senior & Assisted Living :: Loan Process :: Funding Affiliate #1 :: Funding Affiliate #2 :: Funding Affiliate #3 :: Funding Affiliate #4 :: Funding Affiliate #5 :: Funding Affiliate #6 :: Funding Affiliate #7 :: Funding Affiliate #8 :: Funding Affiliate #9 :: Funding Affiliate #10 :: Funding Affiliate #11 :: Funding Affiliate #13 :: Funding Affiliate #12 :: About Us :: Contact Us :: Tell-A-Friend :: Credit Report :: Marketplace :: Home :: Mortgage Glossary :: News You Can Use :: Newsletter #2 :: Commercial Mortgage Gazette 11/2011 :: Daily Finance :: Bloomberg Business Week :: Globe St :: Commercial Real Estate Direct :: Wall Street Journal :: National Real Estate Investor :: #4 Newsletter :: Join Our Mailing List :: Newsletter 1/1/2012 :: #4 Newsletter ::


hard money lenders, hard money lenders maryland, hard money loans, private money lenders, private lenders, hard money real estate loans, hard money lender, hard money lenders baltimore, hard money loan, private money lenders for real estate, hard money loans for bad credit, bridge loan, maryland hard money, apartment hard money, purchase hard money, hard money investor, DC hard money,commercial mortgage, commercial lending, hedge fund, commercial mortgage, commercial money, mezzanine financing, joint venture, equity participation ,dpo, discount note payoffs, marina financing ,shopping center financing, bridge money, bridge financing


Apply Here