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Southland offers several term loan options for your business.
Southland maintains a close working relationship with many lenders; therefore, we are not
limited by the lending parameters of a given bank.
This provides maximum benefit to the borrower.
Some of the loan programs offered are as follows:
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SBA or Small Business Administration Loans |
Southland provides SBA loans in amounts of $250,000 to $8,000,000.
SBA loans can be used for owner occupied businesses. Funds can be used for business purchase,
start-up or refinance.
Additionally, funds might be used for real estate construction or
purchase, equipment purchase or working capital.
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B & I Loans or Business and Industry Loans |
This loan program is similar to the SBA program, but is designed for
communities under 50,000 population. The USDA provides the guarantee for these loans.
They may be as large as 10 million dollars. Loans that will create or save jobs
receive a higher priority for approval.
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Conventional Commercial Loans |
Southland offers various loan opportunities
for motel, retail, office, apartment, etc., at competitive rates. These loans may be
secured by real estate, inventory, accounts receivable, or equipment. Loans of this type
typically have a minimum size of $500,000.
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