Obtaining Commercial Loans in Maine For Your Business

Finding commercial loans in Maine: with the current economic slump in our nation, locating the much-needed funding for your business may be at the top of your list.


Many business owners are not aware of all of the options available to them when it comes to business funding.


This is why it is so important that you find the right lender when obtaining a loan, whether it be a short-term or a long-term commercial loan. 


Traditional lenders, such as banks, often don't offer all the options your business may need. Oftentimes, hard money loans, or even construction loans are not even offered by traditional lenders, because they are considered high risk loans.


So finding a private lender in Maine is in the best interest of your business.


Construction Loans in Maine

If your company is searching for funding to assist with the expansion, development, or start-up of your company, then a Maine construction loan may be what you need.


This type of loan is sometimes called a "story loan".


Construction loans are for development projects and they are approved or denied based largely on whether or not the lender believes in the viability of the project.


This type of loan has a different funding criteria, since it is considered a higher risk loan. This is one reason its generally not offered by traditional lenders. 


In addition, this type of loan is usually short-term and required to be repaid upon completion of the project. So it is imperative that your business show the lender why the project is viable and why you will be able to re-pay the loan on time.


When using private lenders in Maine, there is usually less criteria and less stricter lender guidelines than with banks, allowing you to get the funding in a matter of days, or weeks, instead of months as with traditional banks.


These types of commercial loans in Maine are often used for materials, permits, or down payments for construction to begin on the project.


Bridge Loans in Maine

If your company is struggling with day to day operations and need funding for things like payroll, seasonal inventory, or even working capital, then you might should consider a Maine bridge loan.


Bridge loans are also short-term loans designed to assist until more permanent funding can be secured. This means that you are required to pay back the loan upon receiving your funding payment. 


Bridge loans can give your business the ability to stay operational until your major financing comes through. And with having an open repayment date, this option can help keep you from defaulting if the payment is ever a little late.


Maine Geographical & Regional Information


Maine is known as “The Pine Tree State”. In 2012, it had over 1.3 million residents and is one of the least populated states in the nation.


It is ranked 39th in the nation in population. Maine's highest point is Mount Katahdin.


Maine's average household income for 2010 was just over $30,000 annually.


Maine's economy is known for maple syrup, apples, and blueberries. Maine's state gross income was $52 billion in 2010.


Auburn

Biddeford

Rockland

Augusta

Lewiston

Saco

Bangor

Waterville

Caribou


Portland

Westbook

Hallowell

South Portland

Bath

Belfast

Sanford

Old Town

Brewer


Private Lenders in Maine

If you are looking for commercial loans in Maine, hard money loans, construction or Maine bridge loans, Business-Funding-Advisors.com can help you.


Our network of private lenders have many years experience, and can custom tailor a commercial loan for your particular business' needs.


Our consultants can help you with knowing and deciding what options are available and best for you. 


Our private lenders in Maine have their own lending guidelines, and because they're not governed by the FDIC, this also means they can fund many more loans.


And the time to loan approval and closing is much shorter than with traditional banks.


Loans can typically be funded within days or a few weeks, as opposed to many months!


If you're needing commercial loans in Maine, fill out our short form below. One of our consultants will contact you within 24 hours.



QUICK COMMERCIAL LOAN APPLICATION


We provide FREE, no obligation evaluations, with no upfront costs, or expensive fees for approval to our private lender programs.


- Minimum loan amounts (for commercial building projects): $100K with no maximum.


(Loans approved for commercial only, not single-family residential projects.)


- No pre-payment penalties on programs offered.


We will respond to your loan application within 24 hours!


Commercial Loan App

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Merchant Cash Advance and

Working Capital Loan Programs

are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


Commercial loans are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware,

 Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


COMMERCIAL LOAN PROGRAM HIGHLIGHTS


Commercial Real Estate Programs

· Lending Area: Nationwide & International


· Loan Size: $100,000-no maximum


· Rates as low as 3.74%

· up to 90% LTV


APPLY HERE

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Commercial Development & Construction Loans

· National & International


· $2MM-$50MM


· Interest Rate: 5-9% Fixed (1% for churches)


· Amortization: up to 25 years


· Zero fees


· Points: Up to 3%, paid at closing


· Term: 5 yrs; also can structure a construction to permanent loan with interest only during draw down periods.


APPLY HERE

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Hard Money Loans Rates and Criteria:

· Loan Size: $100K-$100MM


· Lending Area: National & International


· Collateral: We lend to mainly on commercial real estate, including raw land and development projects


· Interest Rates: 7-14% (rates depend on collateral)


· Amortization: Interest only


· LTV: Up to 80%

· Origination Fee: 1-4%

· Closing time: 1 week to 30 Days


APPLY HERE

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Bridge Loans

· Loan Size: $1MM-$15MM


· LTV: Up to 75%


· Rate: 5-7%


· Term: 1-3 years, Interest Only


· Property Types: Office, Retail, Industrial, Multi-Family, Manufactured Housing, Condominiums, Self Storage, Special Use, Hospitality, Assisted Living/Congregate


APPLY HERE

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Unsecured Business Lines of Credit

· $25,000-$100,000 (start up businesses with no established revenue and business owner with good credit)


· $100,000-$500,000 (established businesses w/ revenue of $1MM or more; no collateral if good credit and financials)


· 0% intro rates on business credit card solutions, to 1-5% over prime for large credit lines.


· No "subprime" unsecured lines


APPLY HERE

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Click Here To Apply for A Business Cash Advance or Working Capital Loan


Bank ACH or Credit Cards


90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

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Restaurant-Retail, 
Small Business Loan Program


  • · Unsecured Loans up to $1,000,000 per location

  • · No Collateral Required

  • · Minimum Annual Sales: $150,000

  • · Minimum: 550 FICO

  • · Must be in business at least 1 month to document sales

  • · Loan amounts below $150,000 require NO tax returns or financial statements


APPLY HERE

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Customer Finance Programs for Businesses

· Can finance your customers down to a 500 FICO;

can finance your turndowns from your current credit provider


· Instant online credit processing and approval


· E-signature capabilities


· Can purchase or collect bad debt portfolios


· Industries include: Medical, Dental, Jewelry Retail, Furniture, Memberships, Private school tuition, Security/Alarms, Vocational Schools, Travel, etc.


APPLY HERE

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Click Here to Apply for

A Private Lender Commercial Loan


- Zero upfront costs, zero fees for approval to our programs.


- Minimum loan amounts: $100K for commercial building projects, with no maximums.


- No pre-payment penalties on programs offered.

_________________


Click Here To Apply for A Merchant Cash Advance or Working Capital Loan


- Bank ACH or Credit Cards


- 90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

_________________________


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