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Partners / Affiliates
Providence capital also offers array of financing services that is
designed to help your business grow. We have extended our services
and support by partnering with industry leaders to provide
additional products and competitive programs.
We offer a diverse range of lending products designed to accommodate
an equally diverse range of companies and their needs.
Each of our loan products is aimed at enhancing immediate cash flow
while allowing business owners the opportunities to grow their
businesses. Our array of products and services includes:
Middle Ticket Leasing
Together with our new partners, we now offer middle
ticket services for equipment financing from $150,000 to
$5,000,000. Our affiliation with nationwide banking institutions
allow us to specialize in transportation assets including tractors,
trailers, containers, forklifts, construction, mining and high
technology equipment. We
provide terms from 6 months to10 years with flexible terms.
Our strength is in our ability to
structure a transaction to meet our customers' needs versus a
structure which only satisfies the financial institutions' needs.
Accounts Receivable Financing
We help clients bridge cash shortfalls by providing working capital
secured by eligible accounts receivable, as well as financing
foreign and government accounts receivable.
Equipment Refinancing
For clients seeking to update their equipment, expand product lines
or improve their cash flow, we will refinance loans and/or leases on
company capital equipment.
SBA Loans
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SBA Express
loan
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Offers term
loans and lines of credit up to $150,000.
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No Business
Plan required for most businesses.
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Quick
process.
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SBA 504 Loan
Program
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Provides
long-term, fixed-rated financing for major assets such as
owner-occupied land, buildings, machinery or capital equipment.
Offers financing on total projects up to $5 million (combination
of bank, SBA and borrower funds).
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Low
fixed-rate loans with terms up to 20 years.
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Loan type |
SBA
Express |
504 Loan |
|
Description |
Uses lender
documentation; minimal SBA documents required |
Long-term
fixed asset financing |
|
Maximum loan
amount |
$150,000 |
Total project
cost up to $5 million (combination of bank, SBA and borrower
funds) |
|
Use of
proceeds |
Working
capital, inventory or equipment |
Real estate,
land, long-term equipment, construction or renovation |
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Maturity
|
Two options;
3-year revolving line of credit, convertible to 4-year term
loan; or a 7-year term loan |
10 to 20
years |
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Maximum
interest |
Not to exceed
6.50% over the prime lending rate
Fixed or variable rates |
Current
market rate for 5- and 10-year treasury issues plus increment |
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