FREQUENTLY ASKED QUESTIONS
Signature Capital Advisors, LLC (SCA) is a private lending firm based in Conshohocken, PA and servicing Pennsylvania, New Jersey and Delaware. Browse through our FAQ responses for additional details relating to frequently asked questions. If you have any additional questions or do not see a response that answers your own, feel free to contact us directly and speak with a representative.
1How fast can you close?
Typically under 30 days, however we have the ability to close in less then 10 days.
2Is there a minimum or maximum loan amount?
Our minimum loan amount starts at $100,000 and currently hits a maximum out at $2 million.
3Can you prepare proof of fund letter?
Yes, after full underwriting and approval we can issue a letter of proof of funds.
4What are your rates and fees?
Our standard interest rate for loans currently rest at a minimum of 10%. Fees are negotiable. Feel free to contact us directly for more specific rates and fees.
5Is there a credit minimum?
We require a minimum credit rating of 600. We analyze credit on a case-by-case basis.
6What type of borrower or entity do you service?
We lend to corporations, Domestic LLC’s, Foreign Nationals, Partnerships, and Trusts. That said, personal guarantees are required on all loans. Borrowers must have at least two years of proven business record, or have previous experience in investments.
7What lien position is required?
First position is required on all loans. Secondary liens can be considered in special case-by-case scenarios.
8What loan to value (LTV) will you provide?
Contact us directly for loans-to-value and loans-to-cost perimeters. Different asset classes may have different lending perimeters.
9Are there pre-payment penalties?
There are NO pre-payment penalties unless agreed to in term sheet.
10What if I’m having trouble on a deal or making my monthly payment?
Communication is key! Call us directly and we will try to work with you.