Advancement Regional Business Lenders, Inc - Loans
Interest Rates:
Interest rate may be fixed or adjustable. There is a 1% loan
fee. Borrower will pay directly for appraisals, surveys,
attorney fees, title insurance, etc. Assignment of Life
Insurance is required to cover the loan. We must have
evidence that you are in compliance with Workmen’s
Compensation requirements.
Terms of Loans:
Loan terms would normally be between 5-15 years,
depending on cash flow, type of collateral and use of funds.
Project Cost:
Advancement Regional Business Lenders, Inc.’s funds can
provide a maximum of 75% of the borrowers total cost or
project cost. As a result, many loans are made in
participation with the borrower’s local bank which may result
in a combined financing package of up to 90% loan to value
on the real estate security.