Gulfstream Finance Corporation offers numerous types of commercial loans. The loan is made to a business or commercial enterprise or to an individual for the sole purpose of using it in a business or commercial enterprise. Please review our Commercial Loan Programs below and choose the correct loan for you. Once you have decided, simply go to our Business Loan Application page, fill out the application and submit it to our office so that we may evaluate your loan request. Thank You.

Asset Based Loans

Asset based loans are simply loans secured by assets. The assets of a business include cash on hand, any investments on the books, accounts receivable, inventory, equipment and property. Rates on asset based loans are usually tied to the prime lending rate or to LIBOR (London Interbank Offered Rate)

Bridge Loans

A bridge loan is a short term loan, usually no longer than one year, and is often used to carry a business until more long term financing is available. A bridge loan may be used to carry a business until a long term loan is in place or until a public offering can be completed. Because of the lenders risk, bridge loans usually carry substantially higher rates of interest than long term loans.

Business Financing

Business financing includes debt financing, which entails securing business loans for a business payable over a certain period of time at a certain rate of interest, and equity financing, which entails investment made in exchange for equity in the business or commercial enterprise.

Business Start Up-Loans

These startup business loans are used as seed capital to get the business up and running. Because of the risk involved in lending to a newly formed company, start up business loans are difficult loans to obtain and most lenders require that the principal amount and interest of the loan be personally guaranteed by the entrepreneur forming the business.

Revolving Loans

A revolving loan is a loan that can be drawn down, repaid and then re borrowed repeatedly over the life of the loan. Many different types of companies use revolving loans. In particular, revolving business loans are common among retailers, wholesalers, distributors and manufacturers.

Equipment Leasing

For many businesses, equipment leases as a business loans, are considered to be the most favorable form of acquiring equipment finance because it allows the business to procure needed equipment without having to make the substantial capital outlay usually required to purchase such equipment.

Factor

Factoring is normally done without recourse, which means that the factor bears the risk that the receivables may not be collected. Typically, a company actually sells their receivables to another company (a “factor”) at a discount. The factor collects the receivables and may return some of the discount to the borrower. The discounted portion that the factor retains is the factor’s revenue.

Floor Plan Financing

Floor plan financing is a method of financing inventory that usually involves a manufacturer selling its product to a dealer or distributor. The manufacturer retains a preferred lien on the inventory until the debt is repaid.

Letter of Credit

A letter of credit (commonly referred to as an “LC”) is a document issued by a bank that essentially acts as a guarantee of payment to a designated beneficiary. We may structure a Letter of Credit transaction or discount the Letter of Credit and allow you the ability to use part of the funds from the LC to initiate the transaction. Typically the LC is discounted and the discounted portion is retained.

Minority Business Loans

Minority business loans include a variety of different types of loans including, minority small business loans, minority large business loans, small business loans for minority women and small business loans for minority men.

New Business Loans

New business loans are loans made to businesses that are being formed or have been in business for a short period of time. New business loans are not unlike startup business loans, except a new business loan suggests an earlier stage business than a startup business loan

Sale Leaseback

Sale leaseback is a term that describes a process by which a business or commercial enterprise sells an asset and leases it back from the new owner in order to continue to use the asset in the business or commercial enterprise.

SBA Loans

The SBA offers numerous loan programs to assist small businesses.  It is important to note, however, that the SBA is primarily a guarantor of loans made by private and other institutions.

PROGRAM:  Basic 7(a) Loan Guaranty

Serves as the SBA’s primary business loan program to help qualified small businesses obtain financing when they might not be eligible for business loans through normal lending channels.

Loan proceeds can be used for most sound business purposes including working capital, machinery and equipment, furniture and fixtures, land and building (including purchase, renovation and new construction), leasehold improvements, and debt refinancing (under special conditions). Loan maturity is up to 10 years for working capital and generally up to 25 years for fixed assets.

PROGRAM:  Certified Development Company (CDC), a 504 Loan Program

FUNCTION:  Provides long-term, fixed-rate financing to small businesses to acquire real estate or machinery or equipment for expansion or modernization. Typically a 504 project includes a loan secured from a private-sector lender with a senior lien, a loan secured from a CDC (funded by a 100 percent SBA-guaranteed debenture) with a junior lien covering up to 40 percent of the total cost, and a contribution of at least 10 percent equity from the borrower. 

PROGRAM:  Microloan, a 7(m) Loan Program

Provides short-term loans of up to $35,000 to small businesses and not-for-profit child-care centers for working capital or the purchase of inventory, supplies, furniture, fixtures, machinery and/or equipment. Proceeds cannot be used to pay existing debts or to purchase real estate. The SBA makes or guarantees a loan to an intermediary, who in turn, makes the microloan to the applicant. These organizations also provide management and technical assistance. The loans are not guaranteed by the SBA. The microloan program is available in selected locations in most states. 

Unsecured Business Loans

Unsecured business loans are loans to businesses that do not require the loan be secured by the assets of the business. Unsecured business loans are an uncommon form of business loan unless the business is extremely creditworthy. Even with a creditworthy business, because of the risk of unsecured business loans to lenders, an unsecured business loan will often require that the business pay an above market rate of interest for the loan.

Business Loan Application

Please use the above Business Loan Application link to proceed to our loan application page.