SBA 504/CDC loans

Pursue allows you to play with SBA 504/CDC financing to have industrial a property, construction otherwise devices purchase objectives. You can make use of these fund in order to refinance loans.

Chase SBA 504 financing maximum away from the $a dozen,five-hundred,000, that is notable mainly because financing are generally limited getting amounts of $5 million otherwise $5.5 million. You could potentially acquire as much as 90% of collateral’s really worth – or perhaps the price of the project. Words stretch to two decades. Interest is all about step 3.00%.

Chase does not publicly display payment numbers within these finance, although SBA have a tendency to costs Pursue a hope percentage away from 0.50%, and you may an annual fee out-of 0.2475%. Chase may repackage these fees ahead of passageway into the debts to you as user.

Commercial home

There are also traditional commercial real estate fund available at Chase. Such fund initiate from the $fifty,100. Really organizations having manager-occupied commercial a property qualify for around 80% resource. Pursue claims terms appear ranging from 84 and you can 120 days, as well as states that terms and conditions are flexible.

When you are borrowing from the bank to have structure purposes, it is possible to make appeal-just repayments in structure period. Interest rates and you will costs aren’t revealed.

Auto gizmos funding

Pursue makes you borrow up to a hundred% of your vehicles or equipment’s prices, also an extra ten% having softer will set you back. Continue reading →