Southeastern 1st Financial offers many commercial loan products to entrepreneurs nationwide. Our expertise is in identifying what loan program best suits your company’s special needs and tailoring the loan structure to fit your business and your expansion plans. Typical loan terms and conditions include:     Loan Amount: Loans are available from $200,000 to $2,000,000+. Loan Term: Loans usually have a term of between 15-year and 25-years. These are fully amortizing, meaning that there are no balloon payments required. Loan Purpose: Loans can be used for virtually any purpose—to acquire real estate, expand an existing facility, construct a new facility, purchase machinery and equipment, for debt refinancing, debt consolidation and working capital. Loan proceeds also can be used to buy an existing business or to buy-out a partner or shareholder. Even “start-ups” – businesses without any operating history – can obtain funding. Types of Business: Nearly all types of businesses are eligible for our programs. These businesses include manufacturers, distributors, retailers, service businesses, professionals, gas stations, convenience stores, restaurants and motels. We do not specialize in just one type of industry. For an example of some of our recent loans and the variety of businesses we can assist, see our Success Stories page. Interest Rate: The interest rate is based upon the Prime Rate as published in the Wall Street Journal. The exact interest rate will be determined at the time of commitment but will not exceed Prime + 2.75%. The loans are adjustable quarterly. Click here www.nfsn.com/library/prime.htm to view the history of the Prime Rate over the last 10 years.     Most but not all of our loans are funded through the Small Business Administration Loan Guarantee program. The SBA helps lenders make capital available to small businesses. If you are not familiar with the SBA guarantee loan program, see our FAQ's for more information. The SBA web site (www.sba.gov) also has helpful information about starting, expanding and financing your business.   A special note for referral sources: if you are a real estate broker, business broker or mortgage broker who is seeking commercial funding for a client, we may be able to help you in structure a difficult transaction. We have a great track record in using innovative approaches to get tough deals approved. We also routinely assist accountants and attorneys whose clients need a commercial loan.   So, whether you are just beginning your search for commercial business funding or whether you think that you have exhausted all possibilities in obtaining a loan, we encourage you to contact us. We will give you a prompt, straightforward and detailed response to your inquiry.       Home - Loan Programs - Success Stories - The Fine Print - FAQs - Contact Us     Copyright ©2006 Southeastern 1st Financial. All rights reserved.