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 nationwide. Small businesses are defined as companies with less than $5MM in net profit and less than $15MM in net worth. 44 Business Capital's market area is nationwide with offices in Philadelphia, Pennsylvania, New Jersey, New York, Maryland, Washington DC, Virginia, Connecticut, Massachusetts, Vermont, Illinois, Colorado, Texas, Alabama, Georgia and Florida. Clients are manufacturers, restaurants, professional services, retailers, wholesalers/distributors, healthcare professionals. With terms up to 25 years and fully amortizing, 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
To purchase owner occupied real estate (must occupy 51% of the building) business acquisitions, equipment purchases, partner buyouts, renovation/construction 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.
SBA + Conventional Loans
Loan Amounts
$5MM SBA 7a paired with a Conventional loan of
up to $5MM (up to $10MM total)
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
SBA Loan — SBA Guaranty Fee
Conventional — TBD
Prepayment Penalty
If SBA loan > 15 years - 5,3,1
Conventional — TBD
Use of Funds
To purchase owner occupied real estate (must occupy 51% of the building) business acquisitions, equipment purchases, partner buyouts 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
Deal directly with decision makers
Quick response
Flexible and sensible underwriting
Underwriting
We assist with loans typical banks avoid 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.
USDA B&I Lending Product
Loan Amount
$1MM to $10MM
Rate
Based on Credit Quality
Terms
Up to 30 years depending on collateral
LTV
Flexible; Evaluated on a deal by deal basis
Real Estate - 80%
Machinery & Equipment - 70%
Inventory - 60%
A/R - 60%
Conditions
Balance Sheet Equity must be at least:
10% for existing businesses
20% for new businesses
Origination Fees
One time guarantee fee of 3% of the guaranteed amount
(Loans up to $5MM are guaranteed 80%)
(Loans up to $10MM are guaranteed 70%)
Purpose
Real Estate Purchase
Machinery and Equipment Acquisition
Working Capital
Debt Restructuring/Refinance
Business Acquisition
Visit the following website:
https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
- Click on Rural Business
- Click on link for Business & Industry Program
- Input full address of project location
Frequently asked questions
44 NEWS
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
Diversity of Industries Served by 44 Business Capital
While some providers specialize in lending to a few industries, 44 serves a variety of industries from manufacturing to Montessori schools.
