TYPES OF LOANS

There are many types of loans ranging from conventional asset based and collateral backed transactions to government guaranteed loans, the latter of which generally have more favorable terms. Phoenix has the expertise to match the needs of a client with the criteria required by a targeted financial institution. This expertise has taken many years to accumulate and is our most valuable asset.

Without limitation, some of the loans we specialize in are:

• Conventional loans are collateral based, general-purpose financings for terms of up to 25 years and often at variable interest rates.

• Cash Flow based loans are made based on historical profit before interest, taxes, depreciation and amortization.

• SBA 7(a) loans are used by small businesses primarily to finance real estate, working capital, inventory or the repayment of debt.

• SBA 504 loans provide long term, fixed rate financing for major fixed assets such as land, commercial real estate and capital equipment.

• USDA business and Industry (B&I) loans are used to provide financial backing for businesses located in rural areas, utilizing a fairly liberal definition of the term rural.

• HUD loans are used primarily for the construction, acquisition or rehabilitation of apartments, healthcare facilities and mobile home parks.

• ESOP loans are used by the owners of a private company to sell a meaningful portion of their business to their employees. If structured properly, there are significant tax savings for the sellers.

• ASSET BASED LOANS are loans made to borrowers based on their working capital assets such as Inventory and Accounts Receivable.

“Phoenix Financial Services arranged construction financing and permanent financing for our Travel Plaza.”

Ray Stratford, President
TRAVEL PLAZA & TRUCKSTOP