Business Loan Fund – Advancement Regional Business Lenders, Inc
The Advancement Regional Business Lenders, Inc provides loans for North Carolina businesses in Bladen, Brunswick, Columbus, Hoke, Richmond, Robeson and Scotland County.
Interest Rates: Interest rate may be fixed or adjustable.
There is a 1% loan fee.
Borrower will pay directly for appraisals, surveys, attorney fees, title insurance, etc.
Assignment of Life Insurance is required to cover the loan.
We must have evidence that you are in compliance with Workmen’s Compensation requirements.
Terms of Loans: Loan terms would normally be between 5-15 years, depending on cash flow, type of collateral and use of funds.
Project Cost: Advancement Regional Business Lenders, Inc.’s funds can provide a maximum of 75% of the borrowers total cost or project coSt. As a result, many loans are made in participation with the borrower’s local bank which may result in a combined financing package of up to 90% loan to value on the real estate security.