Frequently Asked Questions

I want to purchase a piece of commercial real estate. How much money do I need down?

Commercial Real Estate loans typically require 20% down. However, it is possible when coupling the acquisition with a business purchase, to get as much as 100% of the real estate’s value. These deals are assessed on an individualized basis.

Can my start-up business get a loan?

Start-up business loans are still out there! These loans are more difficult to put together, however, if the deal makes sense, we can help. Some things which help start-ups are to have income from a stable job that will continue when the business begins, purchase of fairly common equipment, and a concise vision of the way the business will be run and succeed.

I don’t have any collateral. Are there no collateral loans?

We do have loans which do not require collateral. If you company has invoices which are on your books as receivables, we can leverage those to provide financing. Also, for businesses that have been up and running for at least a year, we can use your credit card sales to arrange financing. There are also other options for getting a loan if you or your business has no collateral. Don’t hesitate to inquire. Every situation is different and we work with you to find that loophole that has been hiding.

I need money to expand my business. Are there loans for business expansion?

Absolutely - Funds to expand operations are still available. We have smaller loans that can be based on collateral, sales, or receivables. We also have larger loans available for construction, leasehold improvement and other necessary operations to expand. The larger loans may be for longer periods of time and are often set in stages.

I run my business from my home. Are there loan programs to help me?

Currently, we are unable to provide funding for a business that does not have a physical office location. If you have a location but also operate from home, that is not an issue.

I want to buy a truck for commercial purposes. Can I get a loan for a truck I plan to operate myself?

While we can finance commercial vehicle purchases, we do not fund owner/operator vehicles. If the purchase is going to be part of a fleet of 5 or more, we will consider the transaction.

Can you provide funding for a project outside the United States?

While we can provide funding for large-scale loans throughout the United States, CFH is currently focusing strictly on loans up to $5,000,000 within the US.

I need to purchase a piece of equipment for my business. Are there lease programs to help me?

We have lease programs of various sizes to assist businesses in purchasing equipment. Generally the lease programs require money down and have terms from 12 months to 72 months.

I have owned my business for a few years, but I have some credit problems. Is there anything you can do to help?

We specialize in deals that make sense. There are some credit hurdles we’re unable to overcome. However, if you’re going out buying a piece of $50,000 equipment and it is critical to your business’ success, more than likely we can help. We look for small scale loans that are vital for a business to continue to thrive. Generally as credit declines, we limit loan amounts to $80K. However, these all come on a case-by-case basis.

I have tax liens (or a recent bankruptcy) can I still get a loan?

There are loans available for people with recent bankruptcy or current tax liens. However, the bankruptcy must be fairly old and all tax liens would need to be paid off using proceeds from the loan to even have a chance of consideration. These are deals we’re happy to look at, but generally we do not provide funding.