Spartan Commercial Mortgage Services offers Connecticut an amazing Business Loan program. It can be used to expand your business as well as pay down high interest debt. Furthermore it can be used to buy supplies and goods. You can also use it to develop new technology, cash advances, payroll and more. Most Important, we can have your business loan financing set up within 7 days. Furthermore, we will work with you every step of the way to meet your financing needs!
Allowed Businesses:
- Real Estate Agencies
- Insurance Agencies
- Retail Businesses
- Gas Stations
- Contractors and Construction Companies
- Medical and Doctor’s Offices
- Production and Manufacturing Fields
- Technology as well as Development Companies
- Trucking and Transportation Fields
- Kiosk Businesses
- Staffing Companies
- Travel Agencies
- Wholesale Distributors
- Day Care and Education Facilities
- Property Management Firms
- Telehealth as well as Telemedicine Fields
Loan Sizes
5K to 1MM. Loan sizes are determined by annual income, business plan, accounts receivable, as well as bank statements.
Connecticut Business Loan Terms
Generally, the length of business loans are from 3 months to 18 months. These are short term loans. Longer terms can be allowed depending on the situation. Most noteworthy amongst the options we offer is the Line of Credit program which is a longer term solution.
Our Merchant Cash Advance Loans are non-recourse. Whereas all other business loans require a personal guarantee.
We have a minimum credit score requirement of a 550. For larger loan sizes we will require a credit score of a 660. We also have the ability to structure your business loan as follows:
- Bridge Loan
- Small Business Loan
- Invoice Factoring
- Line of Credit (this can renew annually)
- Finally, as a Merchant Cash Advance
Please feel free to call us today for a free consultation. Spartan Commercial Mortgage also offers Stated Income Commercial Mortgages and Hard Money Real Estate Solutions.
Michael Meyer
President Spartan Commercial Mortgage Services
mike@spartancommercialmortgage.com
(860) 876-0572
Spartan Commercial Mortgage Services (SCMS) is a Mortgage Vendor for CTREIA. We specialize in assisting small businesses flourish.