I am an existing Quadrant Financial/First Chatham Bank (FCB) borrower. Who do I contact with questions about my loan?

Please contact our Servicing Department toll-free at 1-877-550-1955 or by email at fcbservicing@quadrant-financial.com and a Quadrant team member will gladly assist you.

I am a broker and would like to refer a loan to Quadrant Financial. How do I do this?

We work with many brokers throughout the country and welcome the opportunity to work with you. Please contact our National Accounts Manager, Jonas Vredeveld, at jonasv@quadrant-financial.com or one of our business development officers.

I am interested in a career at Quadrant Financial. Who should I contact about available employment opportunities?

Please contact Sharon Shartzer at sharons@quadrant-financial.com or 1-877-893-7823. Quadrant Financial is an Equal Opportunity Employer.

What is SBA?

The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. They recognize that small business is critical to our economic recovery and strength, to building America’s future, and to helping the United States compete in today’s global marketplace. Although SBA has grown and evolved in the years since it was established in 1953, the bottom line mission remains the same. The SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, SBA delivers its services to people throughout the United States, Puerto Rico, the U. S. Virgin Islands and Guam.

Why should I consider SBA?

SBA-qualifying standards are more flexible than other types of loans. Whether you are expanding your business, buying an existing company, or seeking to refinance business debt, SBA loans make sense by providing longer loan terms and lower equity requirements than conventional loans. Quadrant Financial has a dedicated team of experienced SBA professionals who will work hard to insure that the process smooth and efficient.

How do I determine if my business is eligible for a loan?

The majority of applicants will be eligible for an SBA guaranteed loan. Nearly every legally operated business qualifies for SBA financing. To be eligible, a business must be operated for profit and not exceed SBA’s size standards. For more specific eligibility criteria please contact one of our representatives.

Can you give me a few examples of industries that are NOT eligible for SBA financing?

There are several industries that are not eligible. They include:- Real Estate Investment and Other Speculative Activities- Lending Activities- Pyramid Sales Plans- Illegal Activities- Gambling Activities- Charitable, Religious, or CertainIf you are uncertain as to whether or not your company is eligible, please contact one of our representatives for additional information.

How much can I borrow?

Quadrant Financial offers loans that range in size from $300,000 up to $10,000,000. Please contact one of our representatives to schedule a loan prequalification wherein we can determine the amount that your company is eligible to borrow.

What information will I need to provide in order to get a loan?

We will need to review three years of business and personal tax returns, a personal financial statement, a management resume, and a description of how the loan proceeds will be used. We will also need details about current, outstanding business debts as well as a copy of the purchase contract for the commercial property or business. A comprehensive checklist is available with our loan application.

What amount of equity will I be expected to have in my financing request?

Down payments (also known as “equity injection”) are as little as 10% of your project costs. Please contact one of our representatives to schedule a loan prequalification wherein we can review the details of your situation and determine the down payment requirement for your transaction.

What costs are associated with an SBA loan?

There is a small packaging fee and an SBA guarantee fee (which varies depending on loan size). The guarantee fee can be financed as part of the loan and paid to the SBA upon closing the loan. In addition, as with any other loan, the borrower will be responsible for direct processing costs such as legal, title insurance, appraisals and other standard closing costs. Quadrant Financial does not charge “points” on SBA loan transactions. During your loan prequalification we will be happy to provide an estimate of the costs and fees for your contemplated transaction.

How long will I have to wait for a decision on my application?

We understand your need to have a timely and decisive response regarding your loan request. Upon receipt of all required information, you will almost always receive our formal underwriting decision in 7-10 business days.

How long will it take to close my loan after approval?

Quadrant Financial will work with you and other third parties to close your loan as soon as possible. In most cases this will occur within 45 days from receipt of your signed commitment letter.

How do I get started with a loan application?

You can download our application here or you may contact one of our representatives for assistance. We look forward to working with you!