Commercial and Business Financing
We utilize all of our resources to find the right loan for you."
Chuck Hanson - Loan Officer
Action Funding, Inc.
61 Commercial Blvd.
Torrington, CT 06790
1-877-599-6906
Member of:
NAMB, CMBA, FSMB
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| > Loan Programs > Business Aquisition
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 | Business Aquisition
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Action Funding is offering the following special for Business Acquisitions with or without real estate until the end of 2007:
Loans up to $1,000,000.10% equity injection required (start-ups).One year of cash flow at 1.20 debt coverage ration instead of 1.25 or 1.30.Used for purchase of a business or real estate, refinance of existing business debt, start up of AFI Tier 1 or Tier 1-30 franchises, purchase of machinery & equipment.No LTV requirement.Recent changes to credit guidelines:
- Existing business wanting to start a second location -
Requires 15% injection. Loan to $500,000 with no collateral. For AFI Tier 1. - Hotel/Motel purchase or construction -
AFI lends up to $5MM while 504 Agency lends up to $2.0MM. ($7.0MM in total financing.) - Professionals-
For the following professionals purchasing a business we can finance $1.0MM with no injection (100% financing):- Architects
- Audiologists
- CPAs
- Dental Labs
- Engineers
- Lawyers
- Occupational Therapist
- Optometrists
- Speech Therapists
If starting up a practice, 10% injection only - Medical Professionals-
No injection requirement (100% financing) for an MD, dentist or veterinarian. Up to $2MM in financing for purchase of a business or real estate. No collateral requirement. 10% injection required for start-up to $750,000, no collateral requirement. - Restaurants-
For existing restaurants buying real estate or for a business acquition or a franchise up to $2MM in financing. - Conventional real estate loans for doctors, dentists, veterinarians-
100% financing up to $3MM. Must be 25% owner- occupied. - Conventional real estate loans for multi-use properties-90% LTV, cash out for any purpose. Business must occupy 25% of building. 100% of rental income can be counted toward cash flow requirement.
Certain rules and restrictions apply.
Terms of program may change without notice.
Contact us today for more information.
Toll-free: 1-877-599-6906
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