Small Business Financing Is Here
If you’re looking for a smart financing solution, a small business loan from LMC Alternative Business Capital might be right for you. Our programs are designed to help you with your financing needs to grow your business. Plus, we have the Small Business Administration’s approval, which means your loan application can be approved quickly.
Generous and Competitive Terms
As with any loan, the terms you receive are important and should benefit your business in some way. We are proud to be able to offer the following terms:
- Full amortization
- LTV between 80% and 90%
- As much as 15 to 25 years for loan lengths
- No ballooning
- Penalty-free prepayments
- $5 million for the maximum financing limit
These terms may fluctuate depending on whether you apply for the SBA 7a or 504 program. However, our financing experts can help you understand which loan is right for your business structure and can then explain the specific terms associated with that loan. In terms of the amount, this depends on the revenue your business generates and how you manage that revenue, so keep that in mind when applying.
Flexible and Versatile Uses
The terms make this loan attractive to many businesses, but the way you can use this financing is also highly appealing. For starters, you can use it to refinance, purchase property, build new real estate and renovate existing properties. Plus, you can put this funding toward any equipment you need, such as diagnostic tools, medical tools, laundry machines, printing machinery and trucking tools. Here are a few properties that have previously been covered by our loans:
- Child care centers
- Veterinary practices
- Non-conforming buildings
- Motels
- Hotels
- Gas stations
- Auto repair shops and centers
Call LMC Alternative Business Capital for Your Application
Whether you have an existing business acquisition loan or need a new small business loan, we have what you are looking for. Call LMC Alternative Business Capital today to learn more about our loan programs and we’ll send you an application to help you be one step closer to the financing you need.