Merrimac provides a broad array of business loans that are tailored to the
needs of each customer. Loans include:
Real Estate
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Amount
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$100k to $6 million
|
|
Type
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Construction, Purchase, Owner Occupied, Investment, Re-financing
|
|
Properties
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Office, Industrial, Warehouse, Apartments, Multi-use
|
|
Amortization
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Up to 25 years
|
|
Loan to Value
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Usually 75%, up to 90% in certain circumstances
|
|
Pricing
|
From 150 basis points over 5 yr treasury
|
|
Pre-Payment Penalty
|
None
|
Term Loans
|
Amount
|
$100k to $1 million
|
|
Purpose
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Equipment acquisition, Expansion, Working Capital
|
|
Amortization
|
Up to 7 years
|
|
Loan to Value
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Up to 80%
|
|
Pricing
|
Prime + 1/4
to 2 3/4%, fixed rate possible
|
|
Pre-Payment Penalty
|
None
|
Working Capital
|
Amount
|
$100k to $1 million
|
|
Type
|
Line of Credit, Purchase Order Financing, Factoring
|
|
Loan to Value/Advance
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Up to 85%
|
|
Pricing
|
From Prime + 2
|
Commitments can be made in 1 week or less after receipt of loan request documents.
Pricing and terms are subject to credit review.
Merrimac Corporate Finance, Inc.
11 Fish Cove Road
Meredith, NH 03253
Phone: 603-279-1180
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