Commercial Mortgages
We offer owner-occupied real estate loans to help businesses
purchase, expand, renovate, or construct commercial property. We can
serve as your primary lender or as a participating lender with a
subordinate lien position. Loan maturities are based upon the
borrower’s repayment ability, but cannot exceed 20 years.
Contract Financing
Many businesses lack the capital needed to bid on or accept a new or
larger contract. We provide financing for specific contracts and
purchase orders by taking an assignment of the contract and receiving
direct payment on behalf of the borrower. Contract Financing is NOT the
same as Factoring. We can provide funds to enable your business to
mobilize the job and to pay for labor and material costs before the task
is completed. Our Contract Financing Loans are personally structured to
fit the term of your contract.
CSI is a designated Participating
Lender with the U.S. Department of Transportation, under the Office of
Small and Disadvantaged Business Utilization, for its Short Term Lending
Program. Under this federal government loan guaranty program, a
business that meets eligibility guidelines and has a
transportation-related contract may apply for a line of credit to fund
its Accounts Receivables under that contract. These lines of credit
are for one year, and may be considered for renewals up to five times
during program participation.
Lines of Credit
Reoccurring short term capital needs can be met with a Line of
Credit. We offer both revolving and non-revolving lines of credit
to qualified borrowers to help cover the expenses of operating a
business pending the receipt of payment for goods and services
Principal repayment is expected upon collection of Accounts
Receivable. Lines of Credit usually have a one year maturity, and
may be considered for annual renewals.
Term Loans
This type of financing is structured with periodic repayment of
principal and interest over a certain period of time, usually five to
seven years. Loan proceeds are used for machinery or equipment
purchase; permanent growth or expansion needs of your business, such as
relocation, increased employees, inventory, or marketing expenses; or
loans to refinance unreasonable existing debt. They may also be used
for business acquisition or business start up. Repayment is expected
from the cash flow from normal business operations.
