Here are some helpful answers to questions that borrowers often ask.

Q. What kind of deals do you do?

A. We specialize in owner-occupied commercial mortgages up to $2 million.

Q. What is the Ocean Capital borrower profile?

A. One common denominator for Ocean Capital's borrowers is that they have a large amount of real estate equity and an immediate need for short-term or long-term capital. Perfect candidates for an Ocean Capital loan are:

• Borrowers with less than perfect credit.
• Self-employed borrowers who want to purchase or refinance a real estate property for their business.
• Self-employed people who do not show income on their tax returns.

Q. Does Ocean Capital verify income for its borrowers in its approval process?

A. Ocean Capital, unlike other conventional lenders, does not require its borrowers to show profits on their tax returns. Ocean Capital does require tax returns for documentation purposes but does not use income in its qualification process.

Q. Does Ocean Capital finance environmentally riskier properties like gas stations, auto repair shops, and laundromats?

A. Ocean Capital has a niche in lending to environmentally sensitive properties such as gas stations, auto repair shops, and laundromats. As long as Ocean Capital is aware of the environmental risk the property poses, our environmental experts are willing to work with borrowers to come up with a business solution to the problem.

Q. How do I know if I qualifiy for an SBA loan?

A. You may qualify for an SBA loan if you occupy or will occupy at least 51% of the business that the proceeds of the loan will be used for. You may qualify for conventional financing if you own investment property, such as a multifamily or mixed-use building.

Q. What are the interest rates associated with commercial loans?

A. Rates vary according to the project and individual circumstance. Ocean Capital’s rates are very competitive.

Q. What are the terms available?

A. It will depend on the program. SBA loans range from 7 to 25 years, depending on the use of funds. We offer terms between 15 and 25 years.

Q. What can I use the funds for?

A. You can use the loan proceeds for such purposes as refinancing (both mortgage and other debt), working capital, equipment purchase, building improvements, and acquisition of commercial real estate.

Q. How long will the process take?

A. It depends on the program used. The average length of time is 45-60 days.

Q. How do I get started with you?

A. Just pick up the phone and tell us your needs. We can take you from a conversation to a done deal in no time!

Q. Where do you do business?

A. We enjoy preferred lender status nationwide.