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 Are
you looking for a retail business
loan? Reliant Capital Funding has
the experience you need for retail
property funding, especially when
it comes to liquor and convenience
stores.
Eligible properties include either
leased businesses or businesses with
properties. Our founders are liquor
store investors and brokers, and have
seen a plethora of liquor store deals
being financed and closed. When it
comes to liquor stores and convenience
stores, the banks we use know and
understand the businesses as well
as we do!
Download
Retail Overview 
| Overview |
| Eligible
Properties: |
National franchises,
liquor stores, gas stations, convenience
stores, etc. For long term debt
financing, retail business should
have attached property. Business-only
can be financed for a 10 year
term. New locations must be in
strong retail market. Will consider
unique retail stores on a case-by-case
basis. |
| Eligible
Property Locations: |
Nationwide- prefer
solid market strength as determined
by, among other factors, market
industry data, traffic counts,
and trends in population and employment. |
| Loan
Types: |
Acquisition, Development, and
Refinance – Unless loan
is funded completely by conventional
lender, most small business loans
are structured with SBA 7(a) guarantees. |
| Loan
Size: |
$200K - $2M |
| Debt
Service Coverage: |
Generally, 1.10 – 1.30,
depending on the quality of the
location and market. If previous
year’s tax returns don’t
meet DSCR, Reliant Capital Funding
will create supportable projections. |
| Loan-to-Value
Ratio: |
Up to 90% maximum LTV. |
| Loan
Term: |
5 – 25 years |
| Amortization: |
5 – 25 years |
| Interest
Rates: |
Pricing is based upon the quality
of the business and financial
strength. Typically rates are
based on the Prime Rate or LIBOR.
Fixed or variable rates are available. |
| Fees: |
Reliant Capital Funding
Fees: We will price adjust
our fees according to level of
difficulty and other underwriting
considerations- typically 1-2%
of the loan amount- paid only
if a Commitment Letter is issued.
Third Party Fees:
The following fees can be included
in the financing. An appraisal
report can cost $3000. A Phase
1 environmental can cost $2000
(if property is included).
SBA Fees: SBA 7(a) can range from
3 – 3.5% of the loan amount,
paid directly to the SBA, and
can be financed into the loan.
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| Other: |
For SBA 7(a) loans, all owners
over 19% must personally guarantee
loan. Additional collateral may
or may not be required, as determined
on a case by case basis directly
by the lenders. RCF will negotiate
collateral on behalf of client.
SBA 7(a) loans have a 3 year prepayment
penalty. Conventional loan prepayment
penalty varies depending on lender.
Both loan types are fully assumable. |
| NOI
Calculation: |
Prefer to receive three full
years of operating history.
Revenues:
Underwrite revenues based on
the greater of last full fiscal
year or trailing 12 months.
Supportable projections using
market data, management experience,
new initiatives, etc. can be
used in place of historical
revenues if needed (determined
by RCF prior to package submission
to bank).
Expenses:
Underwrite expenses based on
the last full year or trailing
12 months. Expense projections
based on actual figures and
can be re-casted using industry
data averages and normalization
techniques.
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| Pre-Application
(Term Sheet) Punch List |
Complete the ‘Information
Request Form’click
here * |
|
3 Years Personal Tax Returns from
each borrower |
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Personal Financial statement from
each borrower** |
|
Management Resume from each borrower** |
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3 Years Business Tax Returns (for
proposed business) |
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Purchase Agreement / Letter of
Intent |
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Additional information: *** |
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Gas:
Number of gallons per month, for
the last trailing 12 months, and
average pooled margin |
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C-store/Liquor
Store: Monthly store sales breakdown
and gross profit margin |
*
RCF can take this information from
you over the phone if you desire
** RCF will help you create if needed
*** Preferred if available
If
you would like us to walk you through
the Pre-Application process, simply
fill out a few details about your
loan and we'll contact you- click
here to apply »
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