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6120 Paseo Del Norte,
Suite I-2,
Carlsbad, CA, 92011
Tel: 760-607-0440
Fax: 760-607-0441
Loan Programs
PacificFirst Mortgage offers a variety of financing programs that can be tailored to your specific needs and requirements.
Conventional Loans- Loan to Value up to 65% of appraised value.
- Cash Out programs are available.
- Fixed and Adjustable rate programs are available.
SBA Programs (7a and 504)
SBA programs offer the least down payment, low interest rates, fixed or adjustable, can be fully assumable and offer various prepayment options.
Under the 7a Loan, the primary consideration of the ability of repayment is from the cash flow of the business, however management capability, collateral and owner's equity contributions are also important consideration.
Under the 504 Loan, this program includes a senior lien up to 50% of the cost, a junior lien from the CDC/SBA up to 35% of the cost and a contribution of at least 15% equity from the business.
USDA Business and Industry (B&I) Loan
While the goal of the program is to create and save rural jobs, it also acts to improve the economic and environmental climate of rural communities. The B & I loan program is lender driven. However, the USDA guarantees the loan rather than lending directly. A commercial lender request the B & I guaranteed, and if approved, it creates and services the loan.
There are several benefits of the B & I guaranteed Loan Programs for businesses such as higher loan amounts, less equity contribution, lower interest rates and longer terms that may assist businesses not able to qualify for conventional financing. Certain requirements exist.
The authorization loan purposes are varied but include, and are not limited to, equipment, startup costs, pollution control/abatement as well as refinancing the existing loan.