Business & Equipment

Financing from business & equipment loans may be utilized for the growth of commercial and industrial businesses in the City of Detroit.

Transaction Range

$500,000–$2.5 million

Industries Serviced

• Manufacturing Companies
• Distribution and Logistics Companies
• Service Companies
• Others

Intended Use

• Business Expansion
• Capital Improvements
• Purchase of Equipment
• Purchase of Real Property
• Working Capital
• Restructuring of Existing Debt

Financing Types

Loans of this type will typically be subordinated and are intended to assist the owner in meeting the financing requirements of a traditional lender.

Financing types considered are:

• Term Loans
• Mezzanine Financing
• Bridge Loans
• Construction Loans
• Commercial Mortgage Real Estate Loans

General Loan Criteria

• A business plan which demonstrates that the future financial results of the company will service the senior and capital debt.
• The business must have experienced and successful management with three years of successful operating experience.