Fuel your growth with RMO commercial lending. Explore credit cards, charge cards, auto and equipment financing, commercial real estate, SBA loans, and flexible lines of credit.
As an SBA Preferred Lender, RMO Financial can process and approve SBA loans in-house, which means faster decisions and smoother closings. Here is an overview of the SBA loan programs we offer. SBA 7(a) Loan: The most versatile SBA loan, usable for working capital, equipment, real estate, business acquisition, or debt refinancing. Loan amounts up to $5,000,000. Repayment terms up to 10 years for working capital and equipment, up to 25 years for real estate. Down payments as low as 10%. SBA Express Loan: Streamlined application for faster approval, typically within 36 hours. Loan amounts up to $500,000. Available as a term loan or revolving line of credit. Ideal for small…
The SBA 504 loan is a government-backed financing program specifically designed to help small businesses purchase or improve owner-occupied commercial real estate and major fixed assets. How It Works: An SBA 504 loan is structured as a partnership between three parties: RMO (lender): Provides 50% of the project cost through a first-position mortgage. Certified Development Company (CDC): Provides up to 40% of the project cost through a second-position SBA-guaranteed debenture at a below-market fixed rate. Borrower: Contributes as little as 10% as a down payment. Eligible Uses: Purchasing existing commercial real estate Constructing new facilities Renovating or improving existing…
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