First Savings Bank
702 North Shore Drive, Jeffersonville, IN 47130
https://fsb-sbl.com/
Internal Reviews
(0 reviews)
Total loans closed with Loan Factory
0
Total loans closed with Loan Factory (past 12 months)
0
Lender overview
Basic information
Conventional
Home Ready
Home Possible
FHA
FHA Streamline
VA
VA IRRRL
USDA
N/A
N/A
Lock policies & Fees
Lock Policies
n/a
n/a
No
Lender's niche & Overlays
*Borrower purchasing a building they are moving their business into and occupying at least 51% of the square footage. Can buy a lot, and build a building, buy a building and renovate or buy a building as is. 90% LTV 25 year loan
*Purchase a business- with real estate or lease 90% LTV
*Purchase a franchise- with real estate or lease 90% LTV
*Do a start-up 85% LTV
*Do an Expansion-Own a successful business and want to start a second location 90% LTV
*Partner buyout 90% LTV
* Can add:
- Equipment- Vans, vechicles, trailers, large equipment
- Inventory
- Working Capital up to $ 250K
Debt refinance
Must be a for-profit deal. No "Not for profit"
Must be owner occupied.
No strip malls or apartment buildings
680 Fico
No bankruptcy or foreclosure in the past 5 years
Must have at least 2 years business tax returns
Lender turn time
1
4
60
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