Business Loan Products
Omni National Bank offers a variety of loans to finance your business purposes, including working capital, real estate, capital improvements, construction and equipment. Your bankers here at Omni National Bank will carefully evaluate your financial requirements and tailor a loan program to meet your needs and best serve your company. Lending decisions are made locally by people who know you, your business, and the local business climate.
Contact one of our lenders to see how we can help you.
Rehab Loans
Whether you're an experienced rehab investor or just starting out, Omni National Bank is the largest and most experienced inner-city redevelopment lender in seven states. As one of the few banks in the country specializing in this type of lending, we are now a recognized leader in our markets. Put our experience to work for you!
Visit http://www.redevelopmentlending.com for more information.
SBA and USDA Loans
Omni National Bank offers these services:
- Long term loans for construction, expansion, acquisition and debt refinancing of commercial businesses under the SBA 7(a), USDA Business & Industry (B&I) and SBA 504 loan guaranty programs
- Commercial mortgages for real estate investors
- Loan packaging, participations and sales in secured loan transactions
- Residential mortgage loans for housing rehabilitation and renovation
- A wide range of business loan and deposit products and services
We look forward to tailoring a program for you. Please call Patrick Tracy at (678-244-6356) for more information, or
click here to send him an email.
Omni’s Program for Small Business Mortgage Loans Borrowers: For-profit, well-established small business firms
Eligible Uses: Land and building---only for 60% owner-occupied properties
Amounts: Maximum is $3,000,000; call us for higher amounts
Rate Indexes: 1) Prime rate, variable, monthly reset; 2) Fixed 5 yr. FHLB-Seattle
Margins: 1) Prime + 2.75%; 2) FHLB + 4.00%
Amortization: monthly P&I, re-amortizing, no balloons
Fees: 1% application fee
Collateral: Property and plant, 60% maximum loan to value
Terms: Maximum is 20 years
Prepayment Premium: Yrs. 1-5: 5% flat
Guarantees: Personal guarantees of principals with 20% or more ownership
Equity: Minimum is 20%
Omni’s Program for SBA 7(a) LoansBorrowers: For-profit, small business firms
Eligible Uses: Land, building, machinery, equipment, and working capital; only for 60% owner-occupied situations
Amounts: Maximum amount is $2,000,000; call us for higher amounts
Terms & Conditions: Rate: Prime rate, variable, quarterly reset
Maximum Rate: P + 2.75% over 7 yrs.; P + 2.25% under 7 yrs
Amortization: monthly P&I, re-amortizing, no balloons
Fees: Lender’s fees plus Guaranty fee of 2.00%-3.50%
Collateral: Property, plant, equipment, A/R, Inventory, and Intangibles; sufficient to support credit risk
Terms: Maximums are: 25 years for Land & Building; 10 years for Machinery & Equipment; 7 years for Working Capital; 15-20 years is Preferred Term
Guarantees: Personal guarantees of principals with 20% or more ownership; Corporate guarantees of parent, affiliates and subsidiaries
Equity: Minimums are 10% for existing businesses and 20% for startups
Omni’s Business & Industry Loan Program (B&I)
Borrowers: For-profit companies---small and large
Eligible Uses: Land, building, machinery, equipment, and working capital
Location: Borrower must be located in areas with 50,000 or less population
Amounts: Maximum is $10,000,000; Preferable amount is under $ 5 million
Rate: Prime rate, variable, monthly reset, negotiable margin
Amortization: monthly P&I, re-amortizing, no balloons
Fees: Guaranty fee of 2%; plus negotiable application fee
Collateral: Property, plant, equipment, A/R, Inventory, and Intangibles
Loan to Value: Maximums: 75% real estate; 65% equipment; 85% accounts receivable; 50% inventory
Terms: Maximums are: 25 years for Land & Building; 10 years for Machinery & Equipment
Guarantees: Personal guarantees of principals with 20% or more ownership
Credit Criteria--Equity: Minimums: 10% existing businesses; 20% for startups
Debt Service Coverage: Minimum 1.0x, pro-forma basis
Note: Terms are not all-inclusive and are subject to change without notice. Omni National Bank Warehouse Lines
Whether you are an established wholesale lender or a small shop making the transition from Broker to Banker, Omni National Bank has a warehouse line for you. We offer lines as low as $500,000 up to $10,000,000+, with competitive pricing and excellent service.
To learn more about Omni Warehouse Lending, please click here.
To download an Omni Warehouse Line application, please click here. For more information please contact Kim Pratikakis or Kevin Odrick at (770) 396-0000.
Omni Capital Omni Capital provides nationwide equipment leasing and financing solutions to middle market companies. Our products include term debt, TRAC leases, operating leases, dollar out leases, and refinancing of equipment debt.
Click here to contact Jule Kreyling for more information.
Residential Construction Lending Whether your needs are builder lines, construction financing, lot loans or development loans, we’re here to help.