1. Orr Commercial Capital, LLC
SBA 7A Loans
Loan Sizes: $250,000 to $2,000,000
LTV: Up to 90% financing is available
Use of Proceeds: Business acquisition, commercial real estate purchase, new
equipment, renovation, new construction, refinance, partner buyout, working
capital, start-ups
Rate: WSJ Prime + spread up to 275, adjusting quarterly
Term/Amortization: 7 to 25 years, depending on use of proceeds
Prepayment Penalty: Declining 5,3,1; none thereafter
Collateral: First security interest in all available business assets and commercial
real estate , if applicable. (Personal assets will be required if available to fully
secure loan)
Recourse: Personal guaranty of principals with 20% or greater ownership
Fees: SBA's Guaranty Fee has been waived through 12/31/09. Loan placement
fee may be due to Orr Commercial Capital, LLC. Standard closing fees apply for
documentation, third party reports and legal fees. A quote will be provided per
loan.
www.orrcommercialcapital.com ~ morr@orrcommericalcapital.com ~ 203-249-0425