Line of
Credit.

A line of credit is a flexible financing option that allows quick access to a defined amount of working capital. The way it works is a business is approved for a set amount of credit and has access to that amount through a streamlined process which allows for easy access to drawing on the approved amount when needed. The full amount does not need to be drawn at one time, your business can conveniently draw on as much or as little working capital as it needs, up to the approved amount. Businesses are only responsible for repaying the funds they used, plus any interest or other fees that may be charged.

Standard Loan Terms

Max Loan Amount: $5,000,000 - $10,000,000

Max LTV (Loan to Value): 90%

Rate: Starting at 8.5%

Payments: Monthly Principal and Interest payments.

Term of loan: 3–18 months (the term may reset every time you draw capital)

Standard Closing Costs

Origination Fee: 1-5%

Underwriting Fee: $1,500

Legal: $750 – $1,500

Appraisal Fee: $500-$950

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Standard Closing Time.

10 - 20 days.

EBSC Lending is a direct lender and does not rely on other institutions to close the loans. Once the title work and appraisal are ready, We will be too!

Standard
Requirements.

Credit Application

Last 2 bank statements (US bank account)
Copy of ID and Borrowing Entity docs (Can close under personal name or company)
Purchase Contract (If Purchase)
Property Insurance
Lease Agreement (if applicable)
Short term rentals allowed

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