Vicki Cesario – Underwriter - email@example.com - 909.792.3803 x 106
The business must be for profit. Eligible business types include:
Trailer Parks(R.V. Parks)
Self Storage facilities
Residential Care Facilities such as nursing homes
Equipment rental businesses
Independent Contractor agents of insurance companies
For existing businesses…
The business must have an average net profit after taxes of less than $5 million per year over the past two years. $6.25 million if the business is in a labor surplus area.
For purchase or renovation of existing Buildings the business must occupy at least 51% of building space
For new construction and occupancy the business must immediately occupy 60% of the new building
Personal guarantees are required for anyone who owns 20% or more of the operating company
Contact us today and we will help you determine whether your business is eligible.