Commercial Real Estate/Construction Loans
You can get loans for both owner and non-owner-occupied commercial properties, whether for purchasing, refinancing, or construction costs. Eragon Commercial Consultants is experienced and active in structuring the financing of all major commercial property types. Terms are flexible and structured based upon your business needs.
You’ll find low rates on typical maturities of one, two, three, or five years, with amortization of up to 30 years. You will save time and wasted effort as Eragon Commercial has lenders that are appropriate for virtually any credit profile and loan amount.
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All major commercial property types … in the United States Loan Amount … $25,000 to $500 million
Loan proceeds can be used to refinance existing mortgages, to provide acquisition financing, repairs, capital improvements, and for the return of owner’s equity. Our flexibility in structuring loans sets us apart from other lenders with their “one size fits all” approach to commercial lending.
You can count on us to stay with you throughout the funding process thus providing a stable and reliable relationship over time. At Eragon Commercial Consultants, our lending philosophy is reinforced by personalized attention and the desire to craft the loan structure that precisely meets your business strategy.
We structure loans for both owner and non-owner-occupied properties, whether it be for purchasing, refinancing, or covering construction costs. Terms are flexible depending on your specific business needs. We offer either fixed or variable interest rate options with typical maturities from one year and up with amortizations of up to 30 years.
Loan Structure
Interest Only
Earn Outs
Fixed and Floating Rates
Early Rate Lock Option
Self-Liquidating or Balloon Terms
Mezzanine Financing
Third-Party Reports
Appraisal
Phase I Environmental Report
Engineering/Property Condition Report (if applicable)
Seismic/Geotechnical Reports (if applicable)
Equipment Leasing
One of the most popular and commonly used funding structures worldwide is Equipment Financing. Companies like yours use Equipment Financing structures to:
• Finance the Purchase of New and used Equipment
• Refinance Your Used Equipment to Free-Up More Cash for You
• Use as a Key Component of a Larger Financing Strategy
• A to D Credit Profiles Accommodated
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Fast, convenient, affordable 100% financing for virtually any type of equipment, including computers, software, construction equipment, lift trucks, utility trucks, industrial machines, short and long-distance trucks, trailers, or fleet vehicles. Leasing takes advantage of tax write-off allowances, does not tie up needed cash, and leaves available bank lines of credit open.
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Submission Requirements for Equipment Loans/Leasing:
Application filled out and signed
Copy of an invoice or Bill of Sale
Copy of a Spec Sheet
Copy of your last 3 bank statements
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For Requests Over $100,000 Please Provide Copies of the Following as Well:
Copy of last 2 tax returns (bus & personal)
Copy of Last 2 Business Financial Statements (if available)
Personal Financial Statement
YTD P&L and Balance Sheet
For our client's convenience, Eragon will fund all types of companies with A to D credit scores. Good credit or bad credit, we can help! Plus, since our Business Finance Rebate Program* effectively lowers your loan cost by putting more cash in your hands, having the experts at Eragon give you a competitive bid, just makes good sense.
Working Capital &
Lines of Credit
Oftentimes, the most critical component to maintaining a healthy business is your ability to access cash quickly. Whether you’re thinking about the merchant and business cash advance loans that typically do not require additional collateral, or prefer the more traditional line of credit where additional assets must be pledged as collateral, finding the right lender for your needs is always a daunting task. To save time, you can call 310-421-7370 to discuss your situation with one of our Consultants and get started on the right solution today.
While most of our competition will try to stuff your needs into a very small box of loan programs offered by a single institution or two, we at Eragon Commercial Consultants take a much broader approach. Researching dozens of private lenders to match the needs of our client applicants to get them the best deal is true, commonplace at Eragon. Plus, you'll save more $$$ with our Business Financing Rebate* Program!
A few facts you should consider:
1. Business and/or Merchant Cash Advance Loans are based upon your business revenue and generally do NOT require any additional assets to be pledged as collateral. Application to funding takes only a few days. All approved funds are deposited in your bank account. Any additional funding will require a new application and review.
2. Traditional Lines of Credit are based upon the assets being pledged as collateral, usually real estate or some type of business equipment. Application to funding takes 2 to 6 weeks depending upon the collateral involved. Approved funds are held in escrow and made available to you on an as-needed basis upon your request. Once approved, funds requested are generally made available to you within 24 to 48 hours of your request.
3. Business and Merchant Cash Advance Loans will fund faster but are more costly than traditional lines of credit. Yet, as a traditional line of credit will be less costly than a business or merchant cash advance loan, it will take more time to fund as the collateral offered usually must go through a valuation review prior to closing and funding.
A major advantage you’ll enjoy while working with Eragon Commercial Consultants is that the lenders we refer our clients to work with a much broader scope of assets that can be used as collateral. You can use trucks, trailers, cars, real estate, business equipment, contracts, agreements, rare gems, fine art, precious metals, even in-ground assets can be considered. Look at it this way, if it has an insurable value of $20K or more, then you may have something to work with.
Asset-Based Financing/ Monetization
In general terms, asset-based lending is any kind of borrowing secured by an asset. We will consider asset-based lending to businesses offering equipment, real estate, accounts receivable, inventory, precious metals and gems, fine art, stocks, bonds, securities, contracts, etc. as security or collateral for a loan
Benefits of Asset-Based Loans
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Asset-Based Loans are very beneficial to a company in the following ways:
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Faster Funding
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Unlike other conventional loans that require a lot of paperwork, Asset Based Loans (ABL’s) are easier to get with fewer hassles for most, as long as the asset meets the lender's criteria.
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Exploring sale and leaseback options
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Another form of lease financing, this type of arrangement requires the borrower to sell valuable, fixed assets like equipment or facilities to a lender who then leases the asset back to the seller. The sale provides three important benefits:
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Generating cash to the small business for short-term needs
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Allowing continued use of the asset
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Creating a tax deduction for rental expense
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A purchase option at the end of the lease period allows the original owner to reacquire title to the asset at the end of the lease term.
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Financial Flexibility
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These loans can cushion a company going through hard economic times and quickly restore it to a stable financial state. It is due to the fact that they are given within a short period of time so as to increase the company's cash flow.
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Easier to Get Compared to Other Types of Loans
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Realistically, it is easier to qualify for an ABL loan compared to other lines of credit. It is attributed to the fact that very few processes are involved. What will be considered is the value of the collateral used and to a lesser degree, the financial position of the company.
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Fewer Usage Restrictions
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Asset-based loans are very flexible when it comes to how the company spends it. It does not come with strings attached, like other loan forms.
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Lack of Debt
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Asset-based loan financing is an excellent way for a company that wants to stay free of debts and to keep the company's borrowing options open.
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Asset Monetization
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Simply put, Asset Monetization is the process of converting something of value into cash or its cash equivalent. Converting your valuable holdings to cash is not rocket science when you have the resources and know-how to do it. In most cases, once the ownership and value have been properly established, these transactions can fund within just a few days.
Trade Financing
Trade finance helps settle the often-conflicting needs of the exporter and the importer.
An exporter needs to mitigate the payment risk from the importer, and it is in their benefit to accelerate the receivables.
On the other hand, the importer wants to mitigate the supply risk from the exporter, and it is in their benefit to receive extended credit on their payment.
The function of trade finance is to act as a third party to remove the payment risk and the supply risk while providing the exporter with accelerated receivables and the importer with extended credit.
Business owners, both small and large, don't want their own money tied up in shipments of goods that could take four to six weeks or more to arrive from an overseas manufacturer.
On the other hand, companies that export large amounts of goods can't necessarily afford to wait until their export products have arrived at some distant destination weeks later before receiving payment. Some sources estimate that over 80 percent of global trade depends on trade financing, which helps goods keep moving even when companies don't have enough cash flow internally to finance the transactions themselves.
A Process That Works
Trading intermediaries, such as banks and other lenders, oversee and facilitate different financial transactions between a buyer (importer) and a seller (exporter). These financial institutions step in to fund the transactions between the buyer and seller. These transactions can often take place both domestically and/or internationally. Over the years, trade financing has fueled huge growth in international trade.
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Trade finance covers different types of activities including issuing letters of credit, lending, forfeiting export credit finance, and factoring. The trade financing process involves several different parties, including the buyer and seller, the trade lender, export credit agencies, and insurers.
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To get the cash you need to accomplish your trade objectives, call 310-421-7370 to speak with one of our Consultants today! No Minimum FICO Score Required
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Here's How to Get “Fast Cash” When You Need It!
Plus, You'll Save More $$$ and Get Extra Cash Back Through Our Business Financing Rebate Program*