Established Church Program
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Church must be established for 7 years or more if the church is part of a major denomination. 15 years or more if the church is non-denominational.
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Church must maintain a minimum average bank balance of $7,000 or more. Combined accounts will qualify, example: checking + savings.
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Church must be listed with directory assistance.
Newer Church Program
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Church must be established for 2-5 years or more.
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Church must maintain a minimum average bank balance of $2,500 or more. Combined accounts will qualify, example: checking + savings.
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Church must be listed with directory assistance.
Start-Up Church Program
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Any church that has been established less than 2 years.
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Church must maintain a minimum average bank balance of $2,500 or more. Combined accounts will qualify example: checking + savings.
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Church must be listed with directory assistance.
Established Church Program
-
Church must be established for 7 years or more if the church is part of a major denomination. 15 years or more if the church is non-denominational.
-
Church must maintain a minimum average bank balance of $7,000 or more. Combined accounts will qualify, example: checking + savings.
-
Church must be listed with directory assistance.
Newer Church Program
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Church must be established for 2-5 years or more.
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Church must maintain a minimum average bank balance of $2,500 or more. Combined accounts will qualify, example: checking + savings.
-
Church must be listed with directory assistance.
Start-Up Church Program
-
Any church that has been established less than 2 years.
-
Church must maintain a minimum average bank balance of $2,500 or more. Combined accounts will qualify example: checking + savings.
-
Church must be listed with directory assistance.
Established Church Program
-
Church must be established for 7 years or more if the church is part of a major denomination. 15 years or more if the church is non-denominational.
-
Church must maintain a minimum average bank balance of $7,000 or more. Combined accounts will qualify, example: checking + savings.
-
Church must be listed with directory assistance.
Newer Church Program
-
Church must be established for 2-5 years or more.
-
Church must maintain a minimum average bank balance of $2,500 or more. Combined accounts will qualify, example: checking + savings.
-
Church must be listed with directory assistance.
Start-Up Church Program
-
Any church that has been established less than 2 years.
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Church must maintain a minimum average bank balance of $2,500 or more. Combined accounts will qualify example: checking + savings.
-
Church must be listed with directory assistance.
MOORE FINANCIAL SOLUTION, INC.
Financing Services
SBA Loan Program
We have been designated as a Preferred Financial Services company by SBA lenders to have loans processed more quickly and efficiently than many others.
There are a number of advantages to an SBA loan, including longer terms, no points and no balloon payments.
Loan Qualifications
1. Retail and service businesses with sales (3-year average) not exceeding $6 million to $20 million, depending on the industry
2. Wholesale businesses with employees up to 100 regardless of sales volume
3. Manufacturers with employees up to 500 depending on the industry, regardless of sales volume
SBA 7(A) Loan Size $150,000 to $2.0 million
Who is Eligible for an SBA Loan?
Most for-profit small businesses are eligible for an SBA guaranteed loan. This includes manufacturers, wholesale, retail and service businesses as well as independent or franchise businesses.
Loan Fees
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Loan packaging fee: $750 to $2,000
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Fee is based on loan size, it is collected at the time of loan submission; refunded if declined by credit
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SBA guaranty fee: 1.70% to 2.60% of the loan amount
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Fee can be financed in the loan
Use of Proceeds
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Commercial real estate (purchases, construction, or refinance)
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Leasehold improvements
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Business expansions
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Machinery, equipment, furniture or fixtures
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Business acquisition
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Working capital (offered in conjunction with some of the above)
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Start-ups (ALL Franchises, Motels, Restaurants Gas Stations and C-Stores)
Other Credits Considerations
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Business must have adequate historic cash flow to cover the proposed debt
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Business debt to net worth must meet industry averages
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Borrowers must be actively involved in the day-to-day operation of the business
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Satisfactory personal credit histories are required for all principles and guarantors
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No past bankruptcies or felony arrests