by webdev | Jul 21, 2015 | FAQ's
Mortgage loans are, at the time of the loan, completely secured by a 1st position on real estate. Small business loans usually do not have a first position on real estate and therefore, are higher risk which directly increases the rate.
by webdev | Jul 21, 2015 | FAQ's
Interest rates vary and are determined by the market rate and loan risk. Our terms range from 3 months to 72 months, depending on the loan amount.
by webdev | Jul 21, 2015 | FAQ's
ACE needs to have collateral to secure the loan. This loan is not a grant. When you are willing to use whatever you believe is of value as collateral, it shows us that you are committed to your business. We want to see that you will believe in yourself and your...
by webdev | Jul 21, 2015 | FAQ's
Yes, the applicant will be asked to pledge some form of collateral such as house, land, car, inventory, equipment, and any assets being purchased with the loan funds. ACE will file a UCC1 blanket lien on the business assets, inventory, fixtures and...
by webdev | Jul 21, 2015 | FAQ's
The loan funds can be used for expanding an existing business, start-up businesses, working capital and start-up capital. The loan funds can not be used solely to payoff personal debt or credit card debt or for personal expenses.
by webdev | Jul 21, 2015 | FAQ's
We offer small business loans up to $50,000 and we offer commercial loans over $50,000. For loans $50,000 and under, please use our online application. For loan amounts over $50,000, please contact one of our commercial loan officers – Sandy Headley...
