Business Help
Rates are determined by on a number of factors, including the strength of the application, the purpose of the loan and the specific SBA program. A great thing about the SBA program, however, is that SBA limits the interest rates at a maximum amount that the agency deems to be reasonable. An SBA Relationship Specialist can provide you with a general idea of what that interest rate may be.
It depends on your needs as well as the loan amount, interest rate and approved term. Your SBA Relationship Specialist can provide you with an approximate monthly payment.
The term and amortization of the loan will be the same; we will not balloon your note. However, what that term will look like will depend on a few variables, such as the purpose of the loan and the expected life of
the collateral supporting it. Your SBA Relationship Specialist can provide you with a better idea of the specifics.
It depends. Generally, we can provide a fixed rate for term loans or commercial mortgage loans for a period of time. For lines of credit, however, a floating rate is typical.
Yes, with little or no upfront costs.
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Yes. Installation and freight charges as well as taxes can be covered in your lease and amortized over its life.
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Leasing terms range from two to five years. Depending on the equipment and your cash flow, a lease can be structured to meet your financial needs.
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As the lessee, you will be responsible for maintaining the equipment, providing the proper insurance and paying any taxes not included in your lease.
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Suppose you take the cash that you will use to purchase the equipment and reinvest it in the business. You could use it to advertise, purchase inventory, or to train or hire employees. Your return on your investment could be as high as 20-25%.
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Depending on the type of lease selected, the following end-of-lease term options may apply. You could:
- purchase the equipment
- return the equipment with no further obligation
- renew the lease and continue making the lease payments
- upgrade with new equipment to prevent obsolescence
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Yes. Lease lines can be approved to meet your capital equipment needs for the entire year.
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The Payment Card Industry (PCI) Data Security Standard (DSS) is a set of requirements for enhancing payment account data security. These standards were developed by the PCI Security Standards Council, which was founded by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa, Inc. to facilitate industry-wide adoption of consistent data security measures on a global basis. The standard aims to increase awareness and promote best practices in the handling of sensitive information as a means to minimizing identity theft and fraudulent transactions.
No. The framework of the PCI data security standards has existed in different forms for some time now and continues to evolve. You may be more familiar with the payment brands' programs that promote the adoption of the PCI DSS
Yes, all merchants, whether small or large, are required to be PCI compliant. The payment brands have collectively mandated PCI DSS compliance for any and all organizations that process, store or transmit payment cardholder data. Inherent in having a merchant account is the ability to handle cardholder data.
No. Use of a PCI compliant payment application is one aspect of the many PCI DSS requirements, which cover handling of sensitive data. Currently, the PCI DSS lists twelve requirements. These requirements are
organized around the following principles:
- Build and maintain a secure network
- Protect cardholder data
- Maintain a vulnerability management program
- Implement strong access control measures
- Regularly monitor and test networks
- Maintain an information security policy