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5 Types of Small Business Loans that can Help Your Company Thrive

December 22, 2022/in Insights

AVANA CUSO and Its Sister Company LendThrive Offer Various Business Loans that Support Any Venture. Whether you’re opening a retail store on Main Street, expanding your restaurant or growing any other budding venture, you’ll likely need a business loan to help fund it. In coordination with sister company LendThrive, experienced commercial lender AVANA CUSO provides several types of […]

AVANA CUSO’s Unique Approach to Forging Partnerships

October 18, 2022/in Insights

As a leading Credit Union Service Organization (CUSO), we have a unique relationship-first approach to participation lending. That approach has helped us forge thousands of partnerships throughout the years. Harnessing our decades of experience in the industry, we work diligently to serve each of our partner segments with care and precision. Those segments include credit […]

5 Types of Small Business Loans that can Help Your Company Thrive

December 22, 2022/in Insights

AVANA CUSO’s Unique Approach to Forging Partnerships

October 18, 2022/in Insights

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5 Types of Small Business Loans that can Help Your Company Thrive

December 22, 2022/in Insights

AVANA CUSO and Its Sister Company LendThrive Offer Various Business Loans that Support Any Venture.

Whether you’re opening a retail store on Main Street, expanding your restaurant or growing any other budding venture, you’ll likely need a business loan to help fund it. In coordination with sister company LendThrive, experienced commercial lender AVANA CUSO provides several types of small business loans that can help you launch, grow or pivot your business.

Below are five business loans that are all available to entrepreneurs and business owners through AVANA CUSO or LendThrive, an online lender offering affordable, fixed-rate business financing.

Commercial Real Estate Loans

For small business owners interested in expanding, renovating, refinancing or purchasing new property, a commercial real estate loan can be essential to growth. AVANA CUSO provides conventional financing to retail projects, multi-family housing, office buildings, healthcare facilities, educational institutions and more. AVANA CUSO offers competitive interest rates starting at 3.5%, and typically funds loan amounts ranging from $2.5 to $5 million. Plus, AVANA CUSO has the network to fund larger loans of approximately $25 million for bigger projects.

Conventional Construction Loans

A conventional construction loan is a type of small business loan that can be used for commercial construction projects, such as expanding or renovating a business. It can also be used to purchase or lease equipment and hire construction teams. AVANA CUSO, in collaboration with parent company AVANA Companies, tailors the loan product based on the industry, market and project needs.

SBA 504 Loans

The SBA 504 is one of two loan programs offered by the Small Business Administration. This financing option provides long-term, fixed-rate financing for the purchase or construction of new buildings, land, machinery or equipment. SBA 504 loans cannot be used for working capital or investment in rental real estate. Typical SBA 504 loan terms range from 10 to 25 years, while interest rates can be as low as 2.86% (including fees).

Fixed-Rate Business Loans

Because small business’ cash flow is constantly changing, LendThrive offers fixed-rate business loans for small business owners interested in funding unexpected projects, expansion or acquisition. With a fixed-rate loan, borrowers receive a set interest rate that won’t fluctuate for the duration of the loan. As an online lender, LendThrive funds up to $150,000, provides application approvals within 24 hours and offers rate reduction rewards for customers who make timely payments. To qualify, borrowers must have:

A Minimum Revenue of $10,000 Per Month
Majority Ownership
Been in Business for One Year
An Active Bank Account
Operating Profitability
A Minimum FICO Score of 675

Flexible Loans for Small Businesses

A flexible loan for small businesses, also known as a business line of credit, provides access to cash up to a fixed credit limit. LendThrive offers flexible loans for a variety of industries, including retail, e-commerce, construction, beauty salons, breweries and law firms ranging from $25,000 to $150,000. As an added bonus, LendThrive’s application process is simple. Review the eligibility requirements and fill out the business loan application, and then, LendThrive will check your credit history. Within one business day, LendThrive will provide a final approval decision.

About AVANA CUSO

Established in 1998 and headquartered in Simi Valley, CA, AVANA CUSO offers competitive commercial real estate loans. We partner with credit unions and connect them to investors across the United States. Additionally, we uniquely support and guide our partners through the entire loan process. AVANA CUSO is a proud member of the AVANA Family of Companies.

AVANA CUSO’s Unique Approach to Forging Partnerships

October 18, 2022/in Insights

Harnessing our decades of experience in the industry, we work diligently to serve each of our partner segments with care and precision. Those segments include credit unions and a network we like to call “connectors.” Working together, we find the best commercial real estate (CRE) lending solution for their borrower’s needs.

Credit Union Partners

AVANA CUSO helps credit unions expand their lending portfolio with flexible and competitive commercial real estate loans ranging from $2M-$25M in loan value. We handle the servicing of the loan from origination to payoff, offering customizable solutions that cater to each credit union and borrower’s needs. Our loan products include:

Commercial real estate loans
SBA 504 loans
Conventional construction loans
Renewable energy loans
Bridge loans

From expanded portfolios to increased liquidity, AVANA CUSO’s team of financial experts is dedicated to serving the needs of credit unions. We put immense care into fostering long-term relationships that are mutually beneficial and financially successful. That’s because, to us, our partnerships go far beyond loan transactions. We know our partners well, we understand their strategic needs, and we proactively protect their interests.

In addition, our hands-on approach to servicing loans from origination to payoff vastly sets us apart from others in the industry. We’re invested in the entire process from start to finish, ensuring our CU partners and their borrowers receive the necessary, ongoing support and oversight that positions them for success.

Lastly, AVANA CUSO works diligently to save at-risk loans by working closely with CUs and borrowers themselves. This helps mitigate or neutralize financial loss to the credit union. When a loan goes bad, our team actively works to recoup the principal, interest, default interest and legal fees. All this saves the credit union time, resources and up to hundreds of thousands of dollars.

Connectors

We also happily serve our growing network of “connectors.” Connectors are a person or business with a sizable professional network, and they understand the value of our lending solutions, expansive expertise and core values. This trust and understanding give them the confidence to recommend our products to those in their network who need top-quality, competitive funding.

Connectors can include:

Brokers
Accountants
Consultants
Bankers
Lawyers
Business owners
Financial planners
Registered investment advisors

We partner with these professionals to support entrepreneurs and business owners seeking customized commercial real estate loans. We then efficiently and quickly originate and service the loans in a way that sets up all parties for success.

Working with our connectors helps us to help fund more loans, increasing our impact on borrowers and communities around the country. This effort directly aligns with our company purpose to deliver “Capital for a Better Tomorrow.” We do that by offering competitive, well-crafted loans that promote economic growth, job creation and financial success.

About us

AVANA CUSO is one of the most seasoned credit union service organizations (CUSO) focused on commercial real estate. Established in 1998.

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AVANA CUSO and Its Sister Company LendThrive Offer Various Business Loans that Support Any Venture.

Commercial Real Estate Loans

Conventional Construction Loans

SBA 504 Loans

Fixed-Rate Business Loans

Flexible Loans for Small Businesses

About AVANA CUSO

Credit Union Partners

Connectors

About us

Who We Serve

What We Do

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A Member of the AVANA Family of Companies