Page 47 - MTMP_Magazine
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WED: Booth #15 THUR/FRI: Booth #51
Long Term, Low Cost Loans
THE PERFECT SOLUTION FOR YOUR LAW FIRM AND SOLE PRACTITIONER
• Borrow from $100,000 - $5,000,000 for working capital
• Very few restrictions on use of proceeds
• Borrow up to $200,000,000 for non SBA loans
• Borrow up to $14,000,000 to buy an office building for your practice
• Interest rates between 7% - 8.25% annually
non-payment
• 10 - 25 year terms
• Loans can only be canceled for
SBA Loan Group creatively structured a financial program so I could grow my law firm on a national basis. Because of this loan, I am able to do many large scale marketing campaigns.
Ben Crump, Law Firm of Ben Crump, PLLC
TYPE OF LENDERS
ANNUAL INTEREST REPORTING REQUIREMENTS TERM OF LOAN
ANNUAL CLEAN UP
ABILITY TO CALL LOAN
SBA
7% - 8.25%
Once a year financials - Not case related
10 year term can never be canceled - 25 years for real estate
No No
LEGAL FUNDING SOURCES
COMMERCIAL BANK
6% - 12%
Monthly or more frequent Year renewal
Yes
Yes
16% - 60%
Case by case onerous
monthly reporting Year renewal - Forced
pay downs Yes
Jarret Prussin, CEO/Partner
860.922.3030 | jarret@sbaloangroup.com | sbaloangroup.com
Yes
