Lease Hold Improvement and Start up Business

Lease Hold Improvement and Start up Business

ccm007 ccm008This program assists borrowers to secure loans either for business expansion or starting up a new business, and generally does not own the space but rather has leased space to operate a business.

New equipment, renovations and working capitol can also be included in this type of loan.

For Business expansion, renovation or new equipment you must show that this loan will not only increase revenue but create jobs in the community.

In order to be prepared for the underwriting process you must be aware that the underwriter will rely heavily on previous tax returns, projections, business plan, experience in the business you have selected, and mostly job creation.