Raymond James Small Business Loans

Raymond James is a financial and independent investment bank that provides financial services to companies, municipalities, and corporations through its various subsidiaries. Raymond James bank primarily engages in financial planning, asset management, and investment banking. Raymond James is one of the largest banking groups in the US and is headquartered in St. Petersburg, Florida.

While Raymond James does not provide SBA loans, it provides several other types of loans designed for large, medium, and small-sized businesses. Below we have discussed some small business loans.

The struggle for small businesses is real; they endure a lot of suffering and have limited cash flow. Therefore, businesses can consider borrowing the following loans:

15.Corporate and Commercial Lending

The corporate and commercial lending loan provided by Raymond James can expand the business or purchase real estate. Specialists at Raymond James will help design a financial program that fits your business requirements.

Amount of the Loan: 10 to 40 million dollars

  1. Corporate Loans and Lines of Credit

The Raymond James corporate loan and lines of credit come with various business purposes such as refinancing and financing of commercial real estate.

Business types that qualify

Collateral accepted

General Characteristics of the Loan

Types of Loans offered by Raymond James

1. Corporate and Commercial Lending

The corporate and commercial lending loan provided by Raymond James can expand the business or purchase real estate. Specialists at Raymond James will help design a financial program that fits your business requirements.

Amount of the Loan: 10 to 40 million dollars

2. Corporate Loans and Lines of Credit

The Raymond James corporate loan and lines of credit come with various business purposes such as refinancing and financing of commercial real estate.

Business types that qualify

3. Commercial Real Estate Loans

The Raymond James commercial real estate loans can expand businesses and refinance or finance real estate.

Property Types that are Eligible

Some Important Guidelines

Discouraged types of collateral

4. Security-based Lines of Credit

The Raymond James security-based lines of credit are flexible and can be collateralized with several Raymond James accounts. This credit line gives you competitive pricing and borrowing power.

5. Security-based Lending

Security-based lending provided by Raymond James is quite flexible, as the collateral is obtained from within the eligible Raymond James brokerage account. This increases the borrowing power of the business and enables it to gain competitive pricing.

6. Structured Lending

Raymond James structured lending is similar to Security-based lending, and it provides long-term liquidity without disrupting the financial strategy of the business. Raymond James will provide businesses with solutions tailored according to their needs.

Raymond James Interests, Fees, and Loan Options

1. Corporate and Commercial Lending

2. Corporate Loans and Lines of Credit

3. Commercial Real Estate Loans

4. Security-based Lines of Credit

5. Security-based Lending

6. Structured Lending

What Lending Criteria does Raymond James Have?

Below is the basic lending criteria that all the banks follow:

Credit Score

Credit is the most important component of all types of businesses, whether they are small or large. Lenders will always analyze the business's credit score and then decide whether it can pay the loan or not. Therefore, the best way to maintain a healthy credit score is to pay your dues on time.

Credit scores can also be easily obtained from several agencies such as Equifax, Dun & Bradstreet, and Experian. Another way of maintaining a positive credit score is to have a low debt-to-income ratio. Lenders will not invest in businesses that don't have a good credit score.

Annual Revenue

Another important factor that the lenders will review is the annual revenue of the business. Most lenders will only lend to those businesses that have been profitable for the last two years or more. Businesses need to make sure that all the financial statements are accurate and up to date.

Lenders will also look at specific details such as the current account (current assets divided by liabilities) and ask for copies of bank statements and transactions. However, businesses will only be eligible for a loan if their cash flow is growing.

Business Plan

A minority of lenders might not ask for a business plan, but most of them do, and businesses need to come with a clear and concise proposal. Usually, lenders require the business plan to know the purpose of the loan and discuss the business's stability.

One of the main components of business plans is the resumes of managers and staff. However, despite having a clear business proposal, the lenders will still ask for proof of the staff's ability and relevant credentials and experience.

Collateral

Collateral is an essential requirement, and most lenders will not provide a business loan if it cannot give collateral. Collateral can be anything like equipment or property. The collateral will also decrease the risk for the lender as it will have an asset in hand, so if the company fails to pay the loan, the collateral can be paid to fund the damages.

The owner of the company needs to provide a personal guarantee and will also need to submit some essential documents:

Time in Business

Most banks are hesitant to lend loans to new companies that have been active for just a few months. Lenders cannot trust small businesses or startups that have just entered the market because they don't have a proper credit score and the cash flow is usually unstable. Banks will most likely lend to businesses that have been active for more than two years.

Raymond James Application

Following is the application procedure of all the banks that borrowers have to follow:

Before you apply for a loan, ensure that all your documentation is up to date. Also, organize all the documents properly, and if some essential documents are missing, contact the relevant authorities. Collect all the financial information about your business and pay all the dues as soon as possible.

For more information, check out the website of Raymond James.

Summary of Raymond James Loan Options

Though it is tough for small businesses to work with a bank, if SBA loans are not offered, Raymond James Bank offers a wide variety of business loans at flexible terms that can benefit your business. The security-based loans that Raymond James provides truly stand out as they empower the borrower and give a competitive price, so the risk factor is extremely low.

However, before you apply for the loan, read the details provided above, especially the purposes. As always, ensure that all the essential business documents are up to date. Below is a list of loans that Raymond James provides:

1. Corporate and Commercial Lending

2. Corporate Loans and Lines of Credit

3. Commercial Real Estate Loans

4. Security-based Lines of Credit

5. Security-based Lending

6. Structured Lending

For more information regarding loans, learn more.