Debt Refinance Expansion

Our Trading helps clients run and transform their front, middle and back-office trading operations. We provide buy-side, sell-side and market infrastructure firms with a full-service offering, including systems integration and technology consulting services, to assist in delivering high performance trading and settlement capabilities across all asset classes. This includes strategy, architecture design, operating model work, process improvement, systems building and trading package integration as well as application management, application outsourcing and business process outsourcing.

Existing debt that does not exceed 50% of the cost of the expansion may be refinanced.
Involves the acquisition, construction or improvement of land, building or equipment for use by the small business.
Debt being refinanced will be added to the expansion cost to establish the total project costs.
Existing debt being refinanced may consist of one or more loans.
The debt refinancing does not need to be for assets at the same location or for the same type of property as the expansion project being financed as long as the operation at the other location has the same industry code as the operation at the project location.
The borrower must have been current on all payments due on the existing debt for not less than one year preceding the date of refinancing.
Costs essential to the refinancing, such as prepayment penalties, financing fees or other refinancing costs, required by the original terms of the debt instrument, may be included.
The financing must provide better terms or rate of interest than the existing indebtedness on the date of refinancing and at least a 10% reduction in the debt service on the existing loan.