| SBA LOANS | LINES OF CREDIT | WORKING CAPITAL |
| Loans backed by the U.S. Small Business Administration. The purpose of which is to make funds readily available to small businesses while reducing risk to lenders. The most common program is the 7(a) loan which can be used for business purchases of real estate, short and long-term working capital, furniture/fixtures, or refinancing current business debt. | Lines of Credit provide a flexible approach (with no fees) to access only the cash needed from a total amount of which a business has been approved. Credit lines are especially appropriate for new business start-ups whose owner(s) have strong personal credit. | Working Capital loans are structured as a short-term lump sum advances to a business in return for an agreed upon percentage of the business’s future credit card receipts (or daily sales deposits). Repayment duration is usually 18 months or less. |
| BUSINESS LOANS | EQUIPMENT FINANCING | FACTORING |
| Term loans that provide upfront capital with fixed monthly payments, no prepayment penalties, with 1-10 year terms. These are best fit for one-time investments given their lower interest rates. | Equipment Financing gives companies the ability to obtain essential fixed assets while saving working capital. This financing includes funding for vehicles, construction equipment, restaurant equipment, computer hardware & software, furniture, etc. | Factoring provides a method of obtaining quick cash by selling accounts receivables at a discount to a specialized financing company (known as a Factor). These arrangements can last from six months up to any number of years. |
COMMERICAL REAL ESTATE (CRE)
Commercial real estate lending is financing used to purchase, refinance, or develop property intended for business use — office buildings, retail centers, industrial space, multifamily properties, and mixed-use developments. Unlike a residential mortgage, a commercial real estate loan is underwritten based heavily on the property’s income potential and the borrower’s business financials, not just personal credit. Most commercial real estate loans follow a similar structure: a lender evaluates the property’s value, its income (existing or projected rental income), and the borrower’s financial strength, then structures a loan with a shorter amortization period than a typical residential mortgage — often 5, 7, or 10 years, even if payments are calculated on a 20-25 year schedule, with a balloon payment due at the end of the term.
What Lenders Typically Want to See:
- A clear picture of the property’s income potential or business use
- Financial statements for the business or borrowing entity
- A down payment, typically 20-30% of the purchase price
- A debt service coverage ratio (DSCR) showing the property can support the loan payment
- An appraisal establishing the property’s current market value
| Step 1 | Step 2 | Step 3 |
| Fill out our simple questionnaire or give us a call Toll Free at: (888) 535-7437 | One of our trusted Loan Agents will contact you with the best quote. | Get funded. Receive funding directly to your business bank account. |
When Your Bank Says No…We Say Give Us A Call!
Let Us Help You Get Started!
Contact Us Toll Free:
Call: 888-535-7473
Fax: 801-459-4097
Email Us: info@hankarrfinance.com
