Business Loans to Fuel Growth

A business term loan provides a lump sum of capital with a fixed repayment schedule. Ideal for specific projects, expansions, or major purchases.

Key Features:

• Loan Amounts: $10,000 - $500,000 (higher amounts available with additional collateral)
• Terms: 12, 24, 36, 48, 60, or 84 months
• APR Range: 6.99% - 12.99% based on creditworthiness
• Rate Types: Fixed or variable options available
• Funding: As fast as 2-3 business days after approval

Requirements:

• Minimum credit score: 650
• Minimum annual revenue: $100,000
• Business in operation: 2+ years
• Business and personal tax returns (last 2 years)
• Business financial statements

Best For:

• Expanding to new locations
• Major equipment purchases
• Business acquisition
• Large one-time projects

A line of credit gives you flexible access to funds when you need them. Draw money, repay, and draw again – like a credit card for your business.

Key Features:

• Credit Limits: $5,000 - $250,000
• Draw Period: 12 months (renewable annually)
• APR Range: 7.49% - 13.99% variable
• Payments: Interest-only on drawn amounts during draw period
• Access: Online transfers, checks, or business card

Requirements:

• Minimum credit score: 620
• Minimum annual revenue: $50,000
• Business in operation: 1+ years
• Business bank account with Ashmore Trust preferred

Ideal For:

• Seasonal cash flow gaps
• Unexpected expenses
• Inventory purchases
• Payroll during slow periods

Finance the purchase, refinance, or construction of commercial property for your business.

Key Features:

• Loan Amounts: $100,000 - $5,000,000
• Terms: 5, 7, 10, 15, 20, or 25 years
• APR Range: 5.99% - 8.99% based on credit and LTV
• Loan-to-Value: Up to 75% for owner-occupied, 65% for investment
• Amortization: Up to 25 years

Property Types:

• Office buildings
• Retail spaces
• Warehouses and industrial
• Mixed-use properties
• Construction and development

Requirements:

• Minimum credit score: 680
• Business in operation: 3+ years
• Debt service coverage ratio: 1.25x minimum
• Appraisal required
• Environmental assessment may be required

Finance new or used equipment with the equipment itself serving as collateral. Quick approvals and competitive rates.

Key Features:

• Loan Amounts: $5,000 - $1,000,000
• Terms: Match expected equipment life (2-10 years)
• APR Range: 6.49% - 11.99%
• Financing: Up to 100% of equipment cost
• Equipment Types: Machinery, vehicles, technology, medical, construction, farming

Benefits:

• Equipment serves as collateral – less personal guarantee required
• Fixed rates and payments
• Potential tax benefits (consult your tax advisor)
• Preserve working capital for other needs

Requirements:

• Minimum credit score: 620
• Business in operation: 1+ years
• Invoice or quote for equipment
• Equipment appraisal may be required for larger amounts

SBA loans are partially guaranteed by the U.S. Small Business Administration, allowing us to offer longer terms and lower down payments.

SBA 7(a) Loans:

• Use: Working capital, equipment, real estate, refinancing
• Amounts: $50,000 - $5,000,000
• Terms: Up to 10 years (25 years for real estate)
• Down Payment: 10-20% typically
• APR: 7.25% - 9.99% variable

SBA 504 Loans:

• Use: Fixed assets (real estate, major equipment)
• Amounts: $125,000 - $5,000,000+
• Terms: 10, 20, or 25 years
• Down Payment: As low as 10%
• Rate: Below-market fixed rates (5.75% - 7.25%)

SBA Requirements:

• For-profit business
• Operate in the U.S.
• Owner investment required
• Good character and credit
• Exhausted other financing options

Minimum credit score requirements vary by loan type. For term loans, we typically look for 650+. Lines of credit may be available starting at 620. SBA loans often require 680+. However, we consider your entire financial picture – time in business, revenue, industry, and collateral. Even with lower scores, you may still qualify with stronger business fundamentals.

Most of our loan products require at least 1-2 years in business. Startups and newer businesses may qualify for smaller loans or lines of credit with stronger personal credit or collateral. SBA loans can be a good option for newer businesses with solid business plans.

Typically you'll need: business and personal tax returns (last 2-3 years), business financial statements (profit & loss, balance sheet), business bank statements (last 3-6 months), business formation documents, EIN verification, and a completed application. For real estate loans, additional property documents are required.

Term loans and lines of credit can fund in as little as 2-3 business days after approval. Equipment financing typically takes 5-7 days. Commercial real estate and SBA loans take longer (30-60 days) due to underwriting and documentation requirements.

A term loan provides a lump sum upfront with fixed payments over a set period – ideal for one-time expenses. A line of credit gives you ongoing access to funds that you can draw, repay, and redraw – perfect for recurring or unpredictable needs like cash flow gaps or seasonal inventory.