Category: Commercial Lending

For the past six weeks since the CARES Act passed Congress, it has largely felt like the traditional commercial lending market has come to a screeching halt.  Banks and even non-bank lenders converted all of their resources to making Payroll Protection Program loans, commonly known as “PPP” loans, and in a mad rush to access…

No Tax Return Owner-Occupied Commercial Property Financing:  Under this program we can get financing on 50% or more owner-occupied commercial properties based on historical operating revenues for the operating company verified via bank statements for the company, with cash-out possible up to 75% of property value. The loan is a 5/1 Arm with rates fixed…

We wanted to take a moment this holiday season to share our gratitude. We feel genuinely blessed to have such great relationships with our customers, referral partners, lenders and other supporters.  Thank you for all that you do, and we truly hope your holidays are amazing. As always, we are excited to share a combination…

Ever since the Prime rate started going up December of 2015 everyone has been expecting long-term interest rates to continue to move up, which they certainly did. Although there were temporary dips lower in long term rates, in general as Prime moved up so did long-term rates. However, something happened in 2019. As worries about…

The Great Recession hit Banks hard. Not only were many Bank’s under-capitalized at the time, but the quality of their loan portfolios was poor and in some cases dismissal, leading to large losses that almost completely crashed the whole financial system, the economy and even the Country. Great strides have been made since the Great…

If you work in or around the Banking industry, it seems a day doesn’t pass when there isn’t gossip of another potential Bank merger. However, that gossip has started turning into reality the past three years, as Bank merger activity has heated up. The Chicagoland marketplace was once dominated by small community banks, and an…

Commercial loans in their basic form are a lending agreement between a business and a financial institution or private lender to finance the growth or operation of their business. These loans can be for variety of reasons and come in many different forms to serve a businesses needs. Some of these reasons would include acquiring…

Investment properties, lots of people have them, maybe you want one too? They sound like a great idea, but what do you really know about acquiring and owning an investment property? Investment properties can be a great source of additional income. You just have to know where to start. There are many options out there…

As a business owner, you may be acutely aware of how equipment can play a critical role in the operation and success of your company. Equipment can include anything from phone systems, computer monitors, printers and copiers to furniture, restaurant ovens, cookware, medical machinery, industrial equipment and more. So how does one purchase, replace, repair…