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Business Finance Corporation of St. Louis County
About Business Finance Corporation of St. Louis County
The Business Finance Corporation of St. Louis County is a not for profit with the sole purpose of economic development in the St. Louis Metropolitan area. We provide long term fixed financing for Commercial Real Estate Loans and large pieces of equipment. We service the state of Missouri, but concentrate on the St. Louis metropolitan area. We are a division of the St. Louis County Economic Council, however, you do not necessarily have to reside in St. Louis County to benefit from our financing programs.
Why use the Business Finance Corporation?
(1) We can provide 10 or 20 year fixed financing for commercial loans. Typically banks only do 3 or 5 year balloon notes.
(2) Typically, the business is only required to have a 10% down payment. Banks typically require 30% down. This also often includes build out, furniture and fixtures, and new equipment as part of the building purchase.
(3) We provide an unmatched level of customer service, making the entire process as seamless as possible.
(4) We can help you to utilize the SBA 504 and BOOST loan programs and walk you through each step of the process.
(5) We can work with your existing bank or we can use our extensive contacts to shop several banks increasing your chance of approval and get you the best rates and terms.
(6) We are on your side working to get you the best loan for your business.
(7) When buying a building, you may qualify for tax credits. By not contacting up, you may leave money on the table.
If you are purchasing a commercial building or a piece of equipment with a useful life expectancy of at least 10 years and a value of at least $100,000, you should at least call us and see what we have to offer. It is highly likely that your brief phone call can get you better rates and terms for your business.
For additional information, please contact Steve Grelle at (314) 974-7681.
Give us a call. We are always glad to help.
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Business Finance Corporation of St. Louis County Blog
Are you having trouble finding financing for a commercial building?
Are you are having trouble finding financing for your commercial building it may not be your fault. Some banks are not lending right now, and some backs have a strong appetite for loans. The current lending environment is very hit or miss often depending on their appetite for a particular industry. If you want to buy a building and are having trouble finding a bank, give us a call and we will see if it is you or your bank preventing you from getting financing. Really, if you have any question... READ MORE Posted February 13, 2011 at 03:08 PMBusiness Finance Corporation of St. Louis County Connections
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