Layne Capital Partners
Layne Capital Partners is a financial service company founded in 1953 which gives assistance to small businesses. Based in Prairieville in Louisiana, this company delivers loans, contracts, loan guarantees, and counseling sessions. The major loan products of the company include term loans, SBA loans, commercial mortgages, equipment financing, short term loan, invoice factoring, and merchant cash advance. Funds can be used for purchasing equipment, paying taxes, covering payroll, to offer credit terms to the company’s customers, and to make advances on extra inventory.
The amount of commercial mortgage loans from Layne Capital Partners with a fixed rate ranges from $500,000 to $18,000,000. These loans are used for retail, industrial, office and multi-family properties. The interest rate starts at 6.5%. The loans that are not conformed to SBA are equipped with private capital. The unsecured loan program called SBA Express delivers an amount up to $350,000. Collateral and Business Plan (Proforma) are not mandatory for this program. The term of repayment is 10 years.
According to assessment by Trustpilot up until April 2019, this company has a rank of 53 out of the total 350 companies in the category of Non-bank Finance. Moreover, its TrustScore is 9.5 out of 10. Better Business Bureau (BBB) had accredited this company, and it has an A+ rating.