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March Funding

Business Expansion Financing (SBA 7a)


Essencap successfully closed a $600,000 business expansion loan. The business specializes in Dim Sum style food and expanding into a new Midtown Manhattan, NY.  The loan will assist the operator in constructing the new Chinese restaurant.
 
We are pleased to announce that Essencap successfully arranged an SBA loan to fund this restaurant construction. The restaurant chain owns and operators in 4 locations, all around Manhattan, NY. The loan assists our client in the fifth location build out. The loan does not require real estate collateral. We are able to underwrite based on tax return and projection.
 
Essencap assisted with the borrower on research in the market area. And able to support the transaction with a strong business and marketing plan. 

Commercial Real Estate Financing

Essencap successfully closed on a $1,600,000 six family apartement building in Bath Beach, Brooklyn, NY. 

We are pleased to announce that Essencap successfully arranged a commercial real estate loan. The subject property is improved with a three story, six family 2-bedroom apartment building. It has a total building area of 3,400 square feet. The site has a total area of 2,250 square feet and is zoned “C1-3” with an “RA” overlay.

The borrower is a successful investor who already own similar building. Essencap was retained by the purchaser to ensure smooth and fast loan execution plus better pricing on the loan term. Essencap provided commitment letter one week after the appraisal report. The completed total process time within 30 days. 

Programs Detail
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Business only loan
Not all business loan requires real estate as collateral. In our pipelines, we are in process of over $4 million business only loan. We are assisting a mental medical facility ( Bridgewater, NJ) in working capital, a floral accessory company (Brooklyn, NY) in inventory purchase, a construction company(Columbus, OH) in working capital, a causal dinning restaurant (Chicago, IL) in construction build out. 
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Pre-underwriting/Pre-approve
If you are looking to purchase or sell a business, give us a call. We can pre-underwriting and pre-approve the transaction, so you know the exact funding available.
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Business Start Up loan
Start up loan and business purchase loan, Essencap has successfully funded liquor stores, laundromats, restaurants and medical offices....etc. Essencap has strong underwriting practice and handles an array of situations. 
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Essencap Funding LLC · 45 Middle Neck Rd Ste 220 · Great Neck, NY 11023-2124 · USA

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