Business Acquisition/Commercial Real Estate

Dec 1 - Dec 31 | Los Angeles, CA, USA

https://www.teamcenterstone.com/
Ranked as one of the top SBA lenders in the United States

About this Program

Centerstone SBA Lending is a nationwide SBA 7(a) lender with Preferred Lender status. This designation allows Centerstone to provide faster responses to loan inquiries with flexible credit guidelines.

With amicable repayment terms and collateral requirements, SBA lending can satisfy various financing needs your small business.

Centerstone SBA Lending's knowledgeable staff can expertly navigate the intricate complexities of the government program to benefit your business best.

Business Acquisition

• Up to 70% financing (can vary depending on overall qualification of the borrower)
• Long term financing – Up to 10 years (full amortization)
• Variable rates (WSJ Prime + 2.0% to 2.75% depending on overall quality of loan package)
• Funding within 3 to 4 weeks
• Financing up to $5,000,000 ($150,000 minimum)
• Priority UCC-1 as collateral

Real Estate Purchase/Refinance

• Up to 90% financing (can vary depending on overall qualification of the borrower)
• Financing up to $5,000,000 (7a) ($150,000 minimum)
• Appraisal & Environmental Site Assessment reports
• Long term financing – up to 25 years (fully amortized)
• Variable rates (WSJ Prime + 1.50% to 2.75% depending on overall quality of loan package)
• Funding within 4 to 6 weeks
• Borrower must occupy 51% of the property financed
• 3 years declining prepayment penalty assessed (5%, 3%, 1%)
• Deed of trust/mortgage as collateral
• Priority UCC-1 as collateral or Junior UCC-1 in some cases

Ineligible Types of Businesses per SBA
o Business organized as non-profit
o Businesses engaged in Lending (mortgage companies that are non-direct lender
is ok)
o Banks
o Life insurance companies
o Business located in foreign country or owned by undocumented (illegal) aliens
o Business selling through pyramid plan
o Business engaged in gambling (if it is one third or less of annual income, it’s
okay)
o Businesses engaged in any illegal activity
o Government-owned entities
o Business engaged in promoting religion
o Businesses with associate of poor character (who are incarcerated, on probation,
on parole, or currently under indictment for felony or a crime of moral turpitude,
etc.)
o Businesses providing prurient sexual material
o Businesses that had prior loss to the government and delinquent federal debt.

Please email Business Development for a fillable PDF version of the required documents for submission.

- 2016, 2017, 2018 Personal Tax Returns
- Loan Application (will be emailed to you)
- Management Resume (will be emailed to you)
- Personal Financial Statement (will be emailed to you)
- SBA Form 912 (will be emailed to you)
- Down Payment (required)
o Source of Down payment: please explain
o Location of down payment: i.e. 3 months of bank statements
- If the Buyer currently has another business:
o Please provide 2016, 2017, 2018 Affiliate Business Tax Returns
- If 2018 Business tax return has been extended, please provide Business Financial Statements (P&L and Balance Sheet) as of 12/31/2018
o History of Business (will be emailed to you)
o Business Debt Schedule (will be emailed to you)

Funding Information

  • Funds up to $5M per team
  • Takes up to 20.0% equity
  • Accepts 100 companies

Industries

Business Products, Business Services, Chemicals and Chemical Products, Clean Technology, Computers and Peripherals +29 more