Monroe Funding Corp offers several commercial real estate loan options, including traditional SBA loans to help you grow your business.
This press release was originally distributed by ReleaseWire
Fort Lauderdale, FL – (ReleaseWire) – 09/23/2022 – The Small Business Administration (SBA) offers a variety of commercial real estate financing options for those looking to purchase or expand their business. Monroe Funding Corp can help you navigate financing choices for your needs as an SBA loan expert. Depending on the building type, business, and financing structure needed, the SBA’s two main loan programs, 7(a) and 504, each offer unique incentives.
The SBA 7(a) loan program can be used for a variety of purposes, including new construction, acquisitions and extensions, as well as working capital and debt refinancing. A 7(a) loan would be appropriate for the purchase of a business, as well as commercial real estate and working capital. In certain types of projects, SBA 7(a) loans can be used to provide working capital and interest reserves to help fund payments between rentals. Small businesses can use the SBA 504 program to finance new construction, the acquisition of commercial real estate, and large equipment purchases. After the certificate of occupancy, the borrower must cover working capital and interest reserves.
Traditional lenders can take months to close a loan, but Monroe Funding Corp can pre-approve you in as little as an hour after submitting a quick application. Their financial arrangements are asset-based only. If your property meets their standards, they will immediately provide you with a pre-approval.
About Monroe Funding Corp.
Monroe Funding Corp. is a direct equity lender serving clients throughout Central and South Florida. They specialize in first mortgages on non-owner occupied residential and commercial real estate investments, as well as other types of commercial real estate loans in Florida. Their fast and flexible financing products speed up the closing process for clients. For more information on hard money loans, please call 954-419-3539 or complete the application.
For more information on this press release, visit: http://www.releasewire.com/press-releases/florida-commercial-real-estate-loans-to-help-expand-your-business-1364120.htm