Enterprise Capital

Enterprise Capital

Capital to finance the start-up and growth phases of new lines of business, and expanding the geographic reach of current business lines, especially for early period costs of new real estate developments

Uses Capital to finance the start-up and growth phases of new lines of business, and expanding the geographic reach of current business lines, especially for early period costs of new real estate developments.
Loan amount Up to $4,000,000​
Loan term 3 to 5 years​
Loans may be term or revolving – please talk to your Loan Officer
Interest rate From 5.25%, depending on availability of collateral/security, loan term, complexity of the business plan, and sources of new cash flow for debt service​
Collateral/security Unsecured up to $2,000,000
Amounts greater than $2,000,000 can be secured by pledged cash (50% of advanced funds); real property; pledges of developer fees; UCC filings on specific asset; ownership interests; grant funds
Repayment source Corporate cash flow from existing, new, or expanded lines of business​
Fees Application Fee - $1,000
Origination Fee - 1.00% to 1.50% of loan amount
Third-party reports Business plan, 5- to 7-year cash flow projections
Appraisals and environmental assessments for real property collateral