Term Loans & Leases

Transaction Size
$250,000 - $5,000,000

Facility Type and Collateral

Machinery and equipment loans based on percentage of appraised value. New and used equipment purchase money and equipment financing also available.
Owner occupied real estate loans are considered in conjunction with other financing programs through Bridge Business Bancorp.

Structure

Advance rates vary depending on collateral, but may reach 90% of eligible machinery and equipment appraised value and 85% on eligible owner occupied real estate appraised collateral value.
Valuations generally based on liquidation values of machinery, equipment and other assets. Valuations based on fair market value of real estate.
Term facilities generally 2-5 years with longer and/or more creative amortization schedules available.
Interest only periods available to facilitate new equipment purchases and bringing new equipment on-line and into production.
Limited financial covenants.