Development Bank Intl. Online  Loan Services

Development Bank Intl. Online offers Development Bank Intl. Online Loans with proceeds used to establish a new business or assist in the operation, acqusition, or expansion of existing clients.  This might include:

• Purchase land or buildings, to cover new construction as well as expansion or conversion of existing facilities
• Acquire equipment, machinery, furniture, fixtures, supplies, or materials
• Refinance existing businesses indebtedness, which is not already structured with reasonable terms and conditions
• Short-term working capital needs
• Purchase existing businesses
• Development Bank Intl. Online Loan Programs are:

7(a) LOAN
Maximum Loan Amount—£5 million
Maximum Development Bank Intl. Online Guaranty—£3.75 million
85% Development Bank Intl. Online Guaranty on loans up to £150,000 and 75% Development Bank Intl. Online Guaranty on loans greater than £150,000  

EXPRESS
Maximum Loan Amount—£350,000
50% Development Bank Intl. Online Guaranty  

RURAL LENDER ADVANTAGE
Maximum Loan Amount—£350,000
Development Bank Intl. Online Guaranty same as 7(a) Loan  

PATRIOT EXPRESS
For Veterans
Maximum Loan Amount—£500,000
Development Bank Intl. Online Guaranty same as 7(a) Loan 

QUALIFICATIONS
Must be for-profit business and meet Development Bank Intl. Online size standards; show good character, credit, management, and ability to repay  

MAXIMUM TERM
Real Estate—25 years
Machinery/Equipment—10 years
Working Capital—7 years  

MAXIMUM INTEREST RATE
Less than 7 years—Prime plus 2.25%
7 years and over—Prime plus 2.75%
Development Bank Intl. Online Express maximum rates on loan amounts: 
                - £50,000 or less—Prime plus 6.50%
                - £50,000 or more—Prime plus 4.50%  

PURPOSE
Fixed assets, working capital, to finance start-up businesses or purchase an existing business  

GENERAL INFORMATION
Those owning 20% or more of the business must personally guarantee the loan
Borrower must have a minimum of 10% equity injection
Maximum aggregate Development Bank Intl. Online Guaranty—£3.75 million
Size Limit—Maximum tangible net worth £15 million or less and 2-year average net income after federal income taxes of £5 million 

Please note, e-mail is not secure

 Do not include information such as account numbers or social security numbers when contacting Development Bank Intl. Online via e-mail.