Rates & Fees
P+2%
What is the interest rate for loans/lines up to 100k?
A lenders opinion of a borrower's general trustworthiness, credibility, and personality.
What is Character?
Marijuana-related industry and Money Service Business industry
What are prohibited industries?
Credit facility used for one-time expenditures.
What is a Term Loan?
2 Years
What is the length of time in business qualification?
$150 or $250 annually
What is the annual renewal fee for lines of credit?
Ability to repay the loan.
What is Capacity (Cash Flow)?
Non-profit companies and religious organizations.
What are businesses referable to C&I?
Credit Facility used to manage receivables.
What is a Line of Credit?
The application system used to apply.
What is Mirador?
$150
What is the origination fee for loans/lines up to 100k?
The amount of money invested by the business owner. "Skin in the game"
What is Capital?
Doctors, Dentists, and Veterinarians
What are targeted industries?
Credit facility used for tenant improvements.
What is a Non-Revolving Line of Credit to Term Loan? (Line to Loan)
$350,000
What is the credit application limit?
P+1%
What is the interest rate for loan/lines over 100k?
Micro/Macro economic outlook and how it could pertain to business.
What are conditions?
Complex borrowers and credit requests over $350,000
What are businesses referable to C&I?
This credit facility will give flexibility to a borrower that is looking for a period of time (up to 6 months) to allow for tenant improvements or expansion.
What is a Non-Revolving Line of Credit to Term Loan? (Line to Loan)
Full financial packages are required for these application requests.
What are loans/lines over 100k?
$250
What is the origination fee for loans/lines over 100k?
Equipment, Real Estate, UCC1 Filing
What is Collateral?
Wholesalers, Business Suppliers, Manufacturers, etc.
What are targeted industries?
This credit facility will allow a borrower to utilize projected income to calculate the ability to repay debt.
What is a SBA Lending?
Adele Green 949-668-7232
Brandon Smith 702-851-4806
Rhonda Denning 702-851-4833
Who is the SBBL Dream Team?