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Luck Doesn't Finance Your
Business - Knowledge and Experience Does
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Nationwide Coverage
SBC
Home Office
South Florida
State Business Capital
150 Lake Carol Drive
W Palm Beach, FL 33411
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NEW!
"NO
INCOME
JUMBO" LOAN
INDUSTRIAL •
COMMERCIAL PROPERTY
LAND • SHIPS
• ART •
AIRPLANES
& Anything Of Value
ACQUISITION •
EXPANSION •
REFINANCE
BRIDGE LOANS • LAND DEVELOPMENT
WORKOUTS • FORECLOSURES •
BANKRUPTCIES
FOR THE OWNER / INVESTOR
How to Develop
& Finance it Successfully
The
Incredible "NO INCOME JUMBO"
Anything Of Value Loan Program
AVAILABLE THROUGHOUT THE
UNITED STATES,
HAWAII, ALASKA & INTERNATIONAL!!!
NON-CONFORMING LOANS FOR
NON-CONFORMING BORROWERS
REAL ESTATE - LAND - SHIPS - ART - AIRPLANES - ANYTHING OF VALUE
|
•
Up To 75% Financing DEPENDS ON LOAN REQUEST & COLLATERAL TYPE • $1,000,000 To $300,000,000 • Pay Interest Only • No IRS 4506 Requirements • Unlimited Cash-Out On Refinances • Bankruptcies & Foreclosures OK • Investor - Self Employed - No Income • No Limits On Number Investor Properties |
There is no fee to pre-apply
No additional documents and No credit reports
are required at this stage
"NO INCOME JUMBO" LOAN INDEX
State Business Capital (SBC) is a correspondent lender that originates both SBA and USDA guaranteed loans and non-guaranteed conventional loans. SBC joint ventures with other lenders whereby the other lenders are the lender of record. In these cases, SBC is considered a joint venture compensated affiliate of the lender of record. SBC normally packages the SBA/USDA/Conventional loans. Since 1981 SBC has provided small business financing in conjunction with other lenders of the U.S. Small Business Administration (SBA). SBC offers real estate, equipment, construction, hard money, bridge loans, and other financing, as well as exceptional service, to small businesses throughout the U.S. SBC’s highly trained staff members are dedicated to simplifying the loan process so you can get the financing you need quickly! SBC’s proven experience with business loan programs ensures that our clients receive quick, responsive service.
SBC's purpose is to provide permanent financing for small business owners, to assist the small business owner to access capital that is not dependent upon variables beyond your immediate control, such as economic factors, re-appraisal results, the condition of other loans in the lender's portfolio, and maintenance of financial ratios.
WHY
CHOOSE STATE BUSINESS CAPITAL
The only function of SBC is to assist small business with the funding of U.S. Small Business Administration guaranteed loans (SBA), the U.S. Department of Agriculture guaranteed loans (USDA), and our Special Conventional Commercial loan programs. We are well versed in the financial needs of small business and in the regulations and policies of the United States Small Business Administration since 1981. Our staff will work with you directly to obtain the information needed to process your request. If your loan request cannot fit into one of our government loan programs, we will try to place it in one of our Special Conventional Commercial loan programs.
SBC arranges commercial loans and specializes in hard money and bridge loan lending, where speed and attention to special circumstances are critical.
• Lease purchase and contract for deed are OK
• Leased Land with Property Owned by Borrower is OK
• Collateral, we just look at what we are financing
(No other collateral is required unless the appraisal comes in low)
• 2 Days For Commitment
• As Fast as 10 Days for Closing - (Bridge Loan)
• Up to 75% LTV Ratio of the quick sale value - (Loan)
• Commercial Property Acquisitions and Refinancing
• Development and Construction
• Bank Workouts
• Bankruptcies & Foreclosures OK
• Yes! Gifts of Equity are OK
• IRS Form 4506 Not Required
• Lending in the Name of Corporations, Trusts, or LLC
|
Land Acquisition/Residential in Kerhonkson, NY |
$ 9.78 Million |
| Rental Car Agency in St. Maarten Beachfront Hotel & Resort in St. Maarten Condominium Development in Spain Beachfront Resort Development in St Croix Beachfront Resort in Cozumel, Mexico Housing Development in Sonora, Mexico Beachfront Resort Development in Viti Levu, Fiji Residential Development in San Miguel, Mexico Daewoo Dealership in St Maarten, Caribbean Beachfront Resort Renovations in Ambergris Caye, Belize Housing Development in Mexico City, Mexico |
$ 1.95 Million $ 1.3 Million $ 1.0 Million $ 3.9 Million $ 1.0 Million $ 3.46 Million $ 5.4 Million $ 2.3 Million $ 1.95 Million $ 740,000 $ 500,000 |
Q. Who is the best candidate for SBC's "No Income Jumbo" loan program?
A. Borrowers who are looking for financing on an income producing or commercial property, but who can't qualify for traditional bank financing because they prefer not to show verifiable income such as:
-
Applicants whose source of income can not be verified
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Applicants who may have had some credit problems
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Business owners who desire to take cash out of their property
-
Entrepreneurs and self-employed people wanting to purchase a location for their business
Q. What type of income verification do you require?
A. NONE.
Q. Can you finance properties that have a high environmental risk such as gas stations, auto repair or dry cleaners?.
A. When these loans are pre-approved SBC requires the borrower and/or seller to complete an environmental questionnaire which is submitted to an environmental insurance company. They review the information provided and issue a policy based on the environmental risk of the property. The premiums usually range anywhere from $500 to $2600, saving borrowers money over the cost of a typical Phase 1 environmental report. The use of environmental insurance allows SBC to arrange to finance the "high risk" properties which more conforming lenders will not.
Q. What is the borrowers profile?
A. One common denominator among all borrowers is that they have a tremendous amount of real estate equity and an immediate need for short-term capital. They cannot or will not go through the strenuous and time-consuming underwriting process required by conventional credit lenders.
FEES - COSTS - LENDER EQUITY PARTICIPATION
A one-time fee of 4 percent of the loan amount is paid by the borrower to SBC upon the issuance of a loan commitment unless the fee is approved to be included in the loan amount.
In lieu of lender's equity participation, a fee of 4% (U.S. only) of the loan amount may be included in the loan. Other loan closing costs normally associated with a business loan will also be incurred. Loan costs normally can be included in the loan if approved by the lender.
Depending upon collateral, rates start at 12% for the first year and 15-21% for additional years. In lieu of lender equity participation, an additional 4-10% premium may be paid. Rates for international transactions may be higher.
We share information submitted to us with those we represent and only in accordance with strict internal security standards, confidentiality policies and applicable laws. We do not share client information with
other companies except in order to conduct our business, to comply with applicable law, and to protect against fraud. For privacy and security reasons all information that you submit to us is stored in our corporate computer files which are offline and only accessible to SBC.
APPLYING FOR FUNDING IS SIMPLE
After reviewing the loan, if you feel you fit
the loan parameters and want to pre-apply, complete the "Express Loan
Pre-Application" by clicking the "Pre-Apply" button below this paragraph, or at
the top left of any page in the green border on our web site. An SBC
representative will get back to you within a few days of
receiving your application.
There is no fee to pre-apply
No additional documents and No credit reports
are required at this stage
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The best way to know if we can assist you to obtain a loan is to complete our online "Express Loan Pre-Application" by clicking the "Pre-Apply" button above this paragraph. We'll respond with our opinion/decision within a few days.
If you want an answer to a simple question or prefer to not complete the online application, please contact us by e-mail below:
We can best serve you when you answer the following questions in your e-mail:
Purpose of loan?
Description of property?
As-is market value?
As-improved market value?
As-is quick sale value?
As-improved quick sale value?
Existing debt?
Payable to?
Plan for repayment of loan?
What collateral do you own (business or personal) that can be used to back the loan? Be specific and include real estate (property value and lien balance).
Due to heavy volume, initial contact with SBC should only be by completing the Pre-Application form or by Email. Our Email address is accessed by clicking on the "Email link" below. Thank you for your patience and understanding.
• Email:
Loans@StateBusinessCapital.com
An SBC representative will reply to you promptly
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SBC Mission |
SBA Mission
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Pre-Apply
|
Contact Us
SBA Loan |
USDA Loan
|
STATED Loan |
Conventional Loan |
NO INCOME Loan |
Residential Home Loan
If you experience problems on this web site, contact the web master &
explain the problem:
webmaster@statebusinesscapital.com
SBC