Avid News
Avid News
Yes, it’s Possible: Getting a Commercial Loan During COVID
The global pandemic has had a far-reaching impact on commercial lending across virtually every industry. Companies in multiple verticals are attempting to navigate through the continually evolving financial terrain, doing less with more to protect bottom lines and...
Is It Time To Consolidate Your Business Loans?
Small business owners often find themselves borrowing money to bridge a multitude of financial gaps, including: Cover temporary cash flow Fund corporate expansions Hire new employees Procure new equipment Some executives borrow as a short-term solution to build up...
Four Things to Consider When Purchasing A Commercial Investment Property
Commercial real estate can yield significant returns for landlords. However, like any other investment, there are certain risks involved when purchasing a business property. Knowing what to look for during the search process can help investors discern the opportunity...
What the SBA 504 Pre-Pay Penalties Actually Mean
Prospective borrowers are often confused by the SBA 504 loan prepayment penalties, beginning with why the U.S. government would implement the penalty at all. Every 504 loan created requires joint efforts from a lender, a Certified Development Corporation, and the SBA....
Applying For a Business Loan? Avid Commercial Can Accelerate Your Company’s Access To Capital
Successfully running your business means having access to the cash reserves you need when you need them. Unfortunately, working with banks and traditional lenders can mean a long, drawn-out approval process. As a result, entrepreneurs across every industry often find...
Long-Term Loan Savings: What a .5% Interest Rate Decrease Could Save on the Life of Your Loan
Since 2015, U.S. interest rates have consistently increased, testing how (and if) the nation's economy could successful absorb each incremental raise. Apparently, we've officially reached our economic threshold; on July 31, 2019, the Federal Reserve cut America's...
The 25-Year Fixed SBA 504 Loan: What You Need to Know
The SBA 504 loan program enables business owners to access long-term, fixed-rate financing on owner-occupied commercial real estate and capital asset equipment. Previously, the 504 program offered 10- and 20-year terms to entrepreneurs purchasing property or machinery...
You’ve Outgrown Your Commercial Property – Now What?
Most entrepreneurs launch their enterprises with visions of future growth. However, executives often don't have a tactical plan of how they'll accommodate the increase in employees, capital assets, and internal infrastructure when their operations do begin to expand....
Diesel Performance Company Acquires $2.5 Million Loan
$2.5 Million SBA 504 Loan This Denver, CO diesel performance company sought a $2,500,000 SBA 504 refinance transaction. The customer was wrapped up in bank loans that were significantly higher than market averages. Avid Commercial was able to reduce the rate and...
$5 Million SBA Loan for Vacation Lodge
SBA 504 Loan This $5 Million SBA 504 loan served beneficial for a variety of reasons for this customer. Along with financing for a vacation lodge and corporate retreat center in Heber, UT, Avid Commercial worked with a customer to restructure the majority of their...
New Construction Funds for an Office Warehouse for $5 Million
$5 Million Funding Salt Lake City Office Warehouse Avid Commercial worked with a Salt Lake City, UT customer to acquire construction funds for an office warehouse for $5 million. The customer was able to get the money they needed through Avid Commercial through a...
Seven Best Practices to Build Your Business Credit
Establishing business credit can play a critical role in the health and longevity of your company. Some small- to mid-sized business owners assume that they can leverage their existing personal credit to make purchases for their organization. However, having a...
SBA 504 Loan Purchase in SLC, UT for $1.7 Million
SBA 504 Loans Done Right Avid Commercial worked with the SBA to restructure the customer's term financing and proved a 25-year fixed rate cheaper than the 5-year fixed rate that the customer's bank had quoted them. The customer was able to get the money they needed...
Borrowing Strategies To Fuel Your Corporate Operations
For business owners in every industry, securing funding right now can be tough. The financial challenges go beyond the current unpredictability of our economy and lukewarm market temperatures. Right now, many entrepreneurs are also struggling to navigate through...
Four Ways To Create A Dynamic Company Culture This Summer
Your company's corporate culture matters. A positive internal culture serves as a foundational cornerstone for an organization, setting the tone for employee morale, engagement, and productivity. Striking the right cultural chord with your staff may even impact your...
Power Fast Access to Capital with a SBA 7A Loan
Need to infuse your business with an influx of capital without pursuing a restrictive conventional bank loan? For many small businesses, an SBA 7A loan delivers an ideal corporate funding solution. Long-term, low-rate, and government approved, the SBA 7A program...
Leveraging The Benefits Of A Conventional Loan For Your Business
Many entrepreneurs assume that the most critical time for a business loan is when first launching their companies. However, small business owners may need fast access to funding for a myriad of reasons that extend far beyond startup expenses. Growing the team,...
2018 by the Numbers
The commercial financing vertical experienced a banner year in 2018, with several key forces driving a perfect investment landscape for business owners across multiple industries. A robust U.S. economy, coupled with the strongest global economy of the last decade,...
Owner Occupied Refinancing for $1,800,000 with Avid Commercial
Avid Commercial announces a $1.8 Million owner occupied refinancing loan for a business located in Utah. This owner occupied refinancing was completed by Avid Commercial at a rate of %4.875 for a 5 year fixed term. The refinancing for this loan quickly and...
Complete Guide to Multi-family Home Loan Programs in 2018
What are Multi-family Home Loans? Multi-Family Home Loans offer financing for the purchase of a multi-family property (small and large buildings with 2-4 livable units). Properties could also include condos, duplexes, townhouses, and other...
Everything You Need to Know About SBA Loans
If you’re looking for a loan to help jump start your small business, an SBA loan may just fit the bill. While loans from the Small Business Administration are actually offered through banks and other lenders, they are backed by the federal government. With this...
Private Investor Loans or Commercial Loans: Which Is Right for You?
If you are the owner of a business, large or small, it is not at all unusual for you to reach a point when you have to seriously consider growing that business. Yet, if you are without the capital needed for that growth, you might feel limited in your potential next...
Complete Guide to Owner-Occupied Commercial Loan Programs in 2018
What are Owner-Occupied Commercial Mortgage Loans Owner-occupied commercial loans are for borrowers who reside in at least 51% of a property's leasable space. The remaining space is occupied by the borrower's business and/or residential tenants. The borrower's...
Everything You Need to Know About Bridge Loans
If you need short-term financing for a business or residential property, a traditional mortgage or commercial loan isn’t the best course of action. Instead, you may want to consider a bridge loan, which is designed for temporary financial needs. Here’s the rundown on...
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