C&I Loans
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Some loans are not meant to be requested as long-term credits if companies or industries want to finance a few projects and expenses. Instead, they provide them enough funds for it but to be paid much sooner than later. However, there are many benefits of choosing C&I loans instead of general ones.
First, either if you are a company or industry, you can access the funds required to finance small projects and certain regular expenses that are usually unable to be paid with long-term loans.
Second, the fact they are short-term loans allows you to request more than one as long as you can guarantee repayment of the funds within the months or years established by the lenders. Finally, C&I loans allow you to finance more than properties and real estate investments. Instead, you can go for renovations, maintaining cash flow, pay some bills, and cover other needs and expenses from your company and industry.
In other words, these loans are much more flexible than usual and the funds can be requested for a wide range of needs, ideas, and projects. However, keep in mind that lending institutions like banks and similar ones will not usually have them available. Instead, private companies and particulars will be the main sources of the loans. At Commercial Real Estate Loan Pros of Port St. Lucie, we are able to provide these C&I loans under better terms and conditions than other private lenders or a few institutions you are used to seeing.
After all, we make sure to provide conditions that are based on the needs, goals, and situation of the borrower which means they should be able to work around what you are able to afford. But how can you request our loans?
It is as simple as providing the usual information and documents that include your company’s or industry’s details:
- Credit score.
- Annual revenue.
- Financial records.
- Details about your business’s finances.
- Information of how you will use the funds: to maintain cash flow, finance regular bills, and expenses, work on new projects.
- Basic documentation and information.
Our team will be able to review your request and either approve the loan you are requesting or send a new offer that goes according to how you meet our requirements.
Terms and conditions for C&I loans
The most relevant terms are those related to time and how you can repay the loans. Since they are short-term credits, we can only finance the funds for 3 years maximum for most cases. But for those companies and industries that are able to pay the money within 12 or 24 months, we will most likely establish this period of time.
Other terms include fixed and low-interest rates, larger loan size if needed and requested in some cases, amortization despite the short-term loan, and some limitations about how you can use the loans for businesses and industries expense only. Overall, we vary the terms and we will have to go over your C&I loans to determine what we want or need to change from your contract. However, rest assured that our team at Commercial Real Estate Loan Pros of Port St. Lucie will make it simple and establish fair conditions without a doubt.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.