Our Programs → Automotive
Need Real Estate Financing or Working Capital to Grow Your Auto Repair Business?
Expand your business. Improve your cash flow. Close fast!
As a Direct Lender for automotive businesses, we help businesses of all sizes (and at all stages) to secure the capital they need to take their businesses into overdrive! The automotive repair industry is still underserved by conventional banks. Through fixed rate options and long amortizations, Cressida Direct can help provide financing for even the toughest loan requests.
- Refinance your business owned real estate
- Purchase property for your business
- Business working capital loans for equipment & supplies
- Get cash out of your business real estate
Purchase/refinance commercial property, or fund your auto repair business:
- Purchase real estate for your business
- Refinance your business real estate
- Renovations & expansions
- Working capital for equipment, inventory, supplies
- Taxes
- Pay off higher interest debt
- & much more …
Commercial Real Estate Loan Solutions
Complete Program
Rates: 5.75% – 8.49%
Close Times: 30 – 35 Days
Best For
Credit-worthy investors or business owners looking for an alternative to restrictive bank financing.
Bank Statement Program
Rates: 6.49% – 9.49%
Close Times: 30 – 35 Days
Best For
Business owners who prefer to prove their income by providing 12 consecutive months of business bank statements instead of tax returns.
Stated Income Program
Rates: 5.99% – 9.49%
Close Times: 30 – 35 Days
Best For
Business owners who prefer to prove their income by providing 12 consecutive months of business bank statements instead of tax returns.
Business Loan Solutions
Working Capital Program
Rates: Start at 6.99%
Close Times: 5-20 Days
Best For
Business owners who may not own their business real estate or do not have equity in their real estate.
| Commercial Real Estate Loan Guidelines | Business Loan Guidelines | |
|---|---|---|
| Loan Purpose | Purchase, Cash Out, Refinance | Working Capital, Debt Consolidation |
| Status | Owner occupancy 50%+ of space | 2 Years Minimum Time in Business |
| Location | All states except: DE, ID, HI, MI, MT, ND, SD, VT, WV, WY | Nationwide |
| Borrowing Entity | Individual, LLC, partnership | S-Corp, LLC, C-Corp, GP |
| Loan Amount | $150,000 – $2,500,000 | $200,000 – $10,000,000 |
| Loan-to-Value | Up to 80% | N/A |
| Loan Term | Up to 30 years – no balloon | 6 Months – 5 Years |
| Amortization | Up to 30 years | Varies |
| Recourse | Yes, to the borrower | Yes & Lien on Assets |
| Rate Type | Fixed for 3, 5 or 30 years | Fixed from 6 Months – 5 Years |
| Credit | Minimum 650 middle credit score | Minimum 620 Middle Credit Score |
| Interest Rate | 5.75 – 9.49% | Starting at 6.99% |
| Prepayment Penalty | Flexible prepayment options | Varies |
| Ineligible Properties | Any property with underground hydraulics and/or lifts. | Most Business Industries Eligible |
| Eligible Borrowers | U.S. Citizens, Permanent Resident Aliens, Legal Entities | Same |
Get a FREE consultation today to find out your best options
or contact us at 877.308.7557
