OAK MOUNTAIN FINANCIAL 2845 POST RD., WARWICK, R.I. 02886
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Financing Terms
Accounts Receivable
This is listed as an asset for the business. These are funds owed to the business from a customer.
Balance Sheet
This is a snap shot in time of the company's net worth. A Balance sheet is a summary of the company's assets and liabilities.
Commercial Bridge Loan
Short term financing that allows the owner to rehab, sell, refinance or lease a property
SBA 7A Loan
Used to refinance or purchase owner occupied real estate. The maximum amount financed is $5 million. The owner must occupy at a minimum 51 percent of the property. The property can be purchased with 10 percent down.