Uniti Bank

  • UNITI_Bank-resized2UNITI_Bank-resized2

Place Category: Funding, Debt, and SBA LoansPlace Tags: Out of State

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  •  SBA LOANS

    SBA 7(a)  Program The SBA 7(a) Program is available for most SBA financing requests and can be utilized for a variety of purposes including new business set up, existing business acquisition, commercial real estate purchase, as well as debt refinance.

    • The SBA 7(a) program provides maximum loan amounts of $5,000,000.
    • Maximum terms may vary according to financing purpose.
    • Non-Real Estate purchase transaction maximum term is up to 10 years fully amortized.
    • Commercial Real Estate purchase maximum term is up to 25 years fully amortized.
    • 85% Guaranty in effect with loan amounts of less than $150,000.
    • 75% Guaranty in effect with loan amounts in excess of $150,000.
    • Commercial Real Estate refinance with competitive interest rates.
    • Small Business expansion, with leasehold financing as well as working capital.
    • Equipment and machinery purchase financing is available.
    • Small Business debt refinance (from existing Non-SBA financing) is available.
    • Inventory purchase with competitive rates.
    • Up to 90% financing is available and is subject to credit decision.

    Eligibility will be determined by satisfaction of established SBA guidelines.

    SBA 504 Program The SBA 504 Program is available for larger financing requests exceeding the SBA borrower financing limit of $5,000,000.

    • SBA 504 program is an economic development program designed by the U.S. SBA to assist in the financing of fixed assets for small businesses.
    • SBA 504 financing requirements include participation with a third party lender, with maximum financing of 50% of the requested loan amount provided by Uniti Bank.
    • Minimum down payment of 10% required.
    • SBA 504 financing is provided if the total financing request exceeds the SBA established limit of $5,000,000.

    Eligibility will be determined by satisfaction of established SBA guidelines and Uniti Bank guidelines.

    BUSINESS LOANS

    COMMERCIAL TERM LOANS Commercial term loan is available for long-term business financing needs.

    • Term of up to 7 years due with up to 7 years amortization schedule.
    • Rate:  Variable and/or Fixed are available.
    • Available to small and medium sized businesses in a variety of industries.
    • Available for business acquisition, debt refinance, and variety of other business needs.

    Eligibility will be determined by satisfaction of established Uniti Bank guidelines.

    COMMERCIAL BUSINESS LINE OF CREDIT Business Lines of Credit can be used for working capital, cash flow management for ongoing operational expenses, and seasonal/temporary needs.

    • Up to 12 month term, revolving annually.
    • Rate: Variable based on the Wall Street Journal Prime Rate.
    • Renewals of lines of credit are based on satisfactory usage of the existing BLOC and Uniti Bank guidelines. It is determined on an annual basis.

    Eligibility will be determined by satisfaction of established Uniti Bank guidelines.

    COMMERCIAL REAL ESTATE LOANS Uniti Bank offers Commercial Real Estate Loans for purchase or refinance of commercial real estates.

      • Term of up to 10 years due with up to 25 years amortization schedule for 1st Deed of Trust.
      • Rate:  Variable and/or Fixed are available.
      • Owner occupied or investment/rental incomes purpose purchase or refinance.
      • Types of eligible Commercial Real Estate:

    Multi-Family Residential Properties
    Office Buildings
    Retail Buildings
    Offices/Warehouses
    General Purpose Industrial Buildings
    Mixed Use
    Religious Buildings
    Single Purpose Buildings with businesses

    Eligibility will be determined by satisfaction of established Uniti Bank including environmental and appraisal guidelines.

  • Category: Funding, Debt, and SBA Loans
    Address: 6301 Beach Blvd., Ste. 100
    Buena Park
    California
    United States
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