Our services cater to businesses of all sizes, real estate investors, and developers seeking funding for commercial projects or operational needs.

We specialize in connecting borrowers with commercial real estate loans and business loans through our extensive network of lenders. Whether you need financing for property acquisition, construction, or business growth, we offer tailored solutions.

Andover Capital Markets offers a wide range of commercial loan sizes. Whether you’re seeking a loan starting at $50,000 or looking for a business or real estate financing that exceeds $100 million, we’ve got you covered.

The approval timeline for your loan application depends on the type of loan you’re applying for and how quickly the required documents are submitted. Some loans may be approved in just a few days, while others may take several weeks or even months for full underwriting and processing. While we can’t guarantee an exact timeframe, our team is committed to expediting the process and keeping you informed every step of the way to ensure a smooth funding experience.

To begin with, if you’re applying for traditional bank financing or SBA financing, a credit score of 650 or higher is usually required. On the other hand, for our alternative financing options, credit scores can range between 500 and 650. However, as the lender’s risk increases, it’s important to note that borrowing rates may rise accordingly.

Loan terms vary depending on the client’s financial profile and the specific financing option selected. Andover Capital Markets, LLC works with lenders who can offer loan terms of up to 30 years when applicable, ensuring flexible solutions to meet your long-term financial needs.

A low credit score for non-bank financing may not be a key factor when applying for equipment loans, as the loan is secured by the equipment itself. Lenders often focus more on your business’s cash flow and time in operation.

No, you do not need perfect credit for Hard Money loans. Hard money lenders focus on the value of your assets or project and your experience rather than your credit score. To aid in your approval with a Hard Money lender, details on past successful projects would definitely aid your application.

Factoring companies take control of collecting your accounts receivables and receive payments directly from your customers. Generally, this process does not affect your relationships with them. The only noticeable change will be updated payment instructions. Most clients will recognize this as a smart financial decision on your part, seeing it as a sign of effective business management rather than a problem. Please note that if you have existing loans, those loans will have to take on a second position or a subordinate position on all accounts receivable.

SBA loan terms depend on the purpose of the loan: up to 25 years for real estate, and up to 10 years for equipment. Working capital loans will typically be for 2 years or less.

Bridge and Hard Money Loans offer flexible financing options. These loans can be used for a range of purposes, such as acquiring real estate, undertaking construction projects, purchasing equipment, or managing working capital. They provide the support needed to address various business needs.

If a client requests a return or refund, you will need to repay the factor. To reduce potential issues, it’s important to choose accounts for factoring based on your clients’ past payment history. Typically, your factor will assist you in evaluating these accounts to help minimize risks. Please note that the factoring company is purchasing the receivable and in the instance where your customer does not pay the invoice, the factoring company assumes the loss in the event it is a non-recourse or non-guaranteed factoring relationship.

The standard maximum Loan-to-Value (LTV) ratio for banks and institutional loans is typically up to 75%, but in some instances an LTV of 80% might be attainable.

The standard maximum LTV for hard money and bridge loans generally ranges from 60% to 70%.

Hard money and bridge loans usually have terms ranging from 12 to 24 months, with some loans extending up to 36 months.

The standard minimum down payment for purchasing commercial or multifamily properties is typically between 25% and 30%. For apartment buildings with more than 5 units, Fannie Mae and Freddie Mac may offer up to 80% LTV on loans over $1 million.