Looking for information on the SBA Disaster Loan Program?    Learn More 800-975-1691

A buyer was interested in purchasing a small business, a maid service in Florida, and needed a loan, but was turned down multiple times by the banks. This small business consisted of a few vehicles, cleaning supplies and a client list. The banks were not interested in this type of SBA loan with little collateral… but ICA was up for the challenge.

We were able to get this small business (soon to be owner) a pre-approved loan within 3 days! Here are the loan details:

  • 85% Loan to Value
  • $255,000 Loan Amount
  • 10 Year Term
  • 6% Interest Rate
  • NO Prepayment Penalty
  • NO Origination Fee
  • NO CapX Reserve Required
  • $30,000 Seller Note Was also Allowed

Chicago

6859 W. Addison
Chicago, IL 60634
800-975-1691

Crystal Lake

8600 US Hwy 14
Suite 102
Crystal Lake, IL 60012
815-893-7151
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Monday - Friday
8AM - 4PM

info@icadvisors.com

Contact us today and tell us about your business or opportunity