Small Business Loans For Bigger Better Business
iCommercial Lending Group is a Rochester NY’s leading Small Business (SBA) loan financing institution. We can get you the capital you need for your business needs. As a Preferred Financial Services company designated by Preferred SBA Lenders, we have the tools and resources to process your loan quickly and efficiently. We service many different types of businesses and for many business needs.
We offer real estate financing for commercial as well as industrial real estate ventures. If you are thinking about purchasing, building, refinancing, or renovating, we can help provide the capital to make it happen. This type of financing is available to many different types of businesses including:
- Non-conforming properties
- Auto dealerships
- Gas stations
Existing Business Acquisition
Another type of business loan we offer is existing business acquisition loans. As a lender, we consider your business cash flow as well as your management capabilities, and based on these, we can construct a loan that works for you. Some loan terms include:
- Up to $1.25 million a year
- Up to 80% financing
- Up to 15-year term
- 48 hour pre-qualification
- Fully amortized
- No pre-payment penalty
Businesses often need capital to purchase equipment. At iCommercial Lending Group, we are happy to work with these businesses. Some industries that may find our services particularly beneficial include manufacturing, trucking, laundry/dry cleaning, and printing/binding, among others.
Loan Types and Terms
We offer fully amortized, small business loans up to $5 million with competitive rates and flexible terms to suit your business needs and goals. The 7(a) loan program is one type of business loan that many retail, manufacturing, and service industry businesses with fewer than 500 employees and less than $6 million in yearly sales are qualified for. These loans offer up to 90% financing for real estate ventures, up to 80% financing for business acquisition, and up to 100% financing for equipment acquisition. These loans range between $200,000 and $5 million.
Another type of loan that we offer is the 504 Loan. The structure of this type of loan includes a first mortgage from iCommercial Lending Group of up to 50% of the total loan-to-value. The SBA provides up to 40% loan-to-value as a second lien position.
Contact Us Today
To learn more about our competitive small business loan programs in Rochester, NY, please contact us today. Our finance team stands ready to help you meet your business needs.