Business Purpose Loans

We offer business purpose loans in first or second mortgage position. We do not ask for any tax returns. You and get a business purpose loan put on an owner occupied property. Our business purpose loan will get you the money you need for your business fast.

A small business can be started either as a sole proprietorship single owner with full business liablility and responsibility or as a partnership between two or more people. Registering the business and drawing up a partnership agreement requires a lawyer and legal fees. Before opening up your small business, a lot of research and planning is required. A good business plan will not only increase the chances of success but will also help you in raising money for your business.The most useful type of loan for a small business is the line-of-credit loan. This is a short-term loan that extends the cash available in your business’s checking account to the upper limit of the loan contract. You pay interest on the actual amount advanced from the time it is advanced until it is paid back. Line-of-credit loans are intended for purchases of inventory and payment of operating costs for working capital and business cycle needs. They are not intended for purchases of equipment or real estate

To find out more see our “Hot Loan Products” for rates and guidelines.

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