Get the Loan Facts | SBA Financing Solutions Nationwide

44 Business Capital, a division of Berkshire Bank is a direct SBA lender providing SBA loans to small businesses in the areas we serve. Small businesses are defined as companies with less than $5MM in net profit and less than $15MM in net worth. Our market area includes Philadelphia, Eastern/Central Pennsylvania, New Jersey, Delaware, Baltimore MD, Northern VA, Washington DC, Connecticut, New York, Massachusetts, and Vermont. Our clients include, but are not limited to manufacturers, restaurants, professional services, retailers, wholesalers/distributors, healthcare professionals. With terms up to 25 years and fully amortizing (i.e. no call or balloon provisions), these SBA loans provide long-term certainty in an uncertain economic environment.

44 Business Capital Loan Services

Small/Middle Market Business Loans

Loan Amount
$500,000 to $5MM

Rate
Based on Credit Quality

Terms
Up to 25 years on real estate Up to 10 years on business acquisitions, equipment and permanent working capital

LTV
Flexible; Evaluated on a deal by deal basis

Origination Fees
None

Use of Funds
To purchase owner occupied real estate (must occupy 51% of the building) business acquisitions, equipment purchases, or refinance existing debt

Business Types
Manufacturing, distribution, retail, medical and other professionals, automotive and auto body repair, motels, marinas, day care centers, car washes, restaurants or any worthwhile business.

Benefit
Access to decision makers
No loan covenants
Quick response

Underwriting
We assist with loans a typical bank will not due to non-monetary defaults or covenant violations. If the business model is sound and the company is trending positively, the loan will be considered.

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Business Line of Credit/Asset Based Loans

Loan Amount
$500,000 to $10MM

Rate
From Prime +1%

Collateral
Accounts Receivable
Inventory (wholesale, manufacturing & retail)
Machinery and equipment

Loan Purpose
Working capital, debt restructuring, leverage acquisitions, Chapter 11 financing, seasonal shortfalls and expansions

Customer Base
Manufacturers
Distributors
Service
Medical
Retail Inventory

Underwriting
>85% advance on A/R
Up to 50% advance on inventory
Majority of advance must be on A/R
High debt to worth ratios are acceptable

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What our clients can expect from 44 Business Capital

  • Access to the decision makers
  • Speed to decision & speed to closing
  • No loan covenants
  • Competitive rates

Countless jobs are preserved as a result of 44 Business Capital's SBA loan expertise

“Our company was able to preserve 43 jobs. We have already created two new hires and with our ability to again focus on growth expect to create at least two more jobs in the next 12 months.”

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The 44 Advantage…

  • Access to the Decision Makers
  • Speed to Decision
  • No Loan Covenants

Our Clients…

  • Refinance existing debt
  • Purchase commercial real estate
  • Expand or purchase a business
  • Invest in new machinery & equipment
  • Improve company cash flow
  • Preserve Countless Jobs