Cascade Capital Corporation: Providing dependable financing options to companies aspiring to reach breakthrough levels of sales & employee growth.
The primary goals of Cascade Capital Corporation are 1) to provide meaningful financing assistance to companies poised to grow through investment in new operating facilities, equipment and employees and 2) to invest, on a long term basis, in communities that we service.
Small businesses today create the vast majority of new jobs in the United States. In fact, most new jobs are created as a direct result of small business capital expansion projects. Market conditions, however, can make it challenging for small companies to secure needed financing for investment in new operating facilities and equipment.
Cascade Capital Corporation bridges financing gaps faced by growing companies. Cascade Capital Corporation’s SBA 504 Loan Program serves as a viable credit enhancement for commercial banks requiring a lending “partner” to complete a building/equipment or a business purchase (fixed asset component) for their important customers. The resulting fixed asset purchase financing structure utilizing SBA 504:
|Bank Financing||50% – First Mortgage|
|Cascade Capital Corporation SBA 504 Loan||40% – Second Mortgage|
|Business Borrower Equity||10%|
|Total Project Financing||100%|
Cascade Capital Corporation’s SBA 504 Refinance Program is available to companies that would like to refinance existing long term debt for a building or equipment purchase made at least two years ago. The SBA 504 Refinance project is based on the appraised value of the fixed assets being refinanced.
Cascade Capital Corporation’s Ohio 166 Loan Program is available for fixed asset purchases as well. It offers extremely competitive fixed interest rates and terms; currently as low as 3.0% fixed for 20 years.
Cascade Capital Corporation is proud of the fact that, to date, it has invested nearly $1 million of its own financial resources towards important economic development projects in Northeast Ohio.
Cascade Capital Corporation annually hold its Business Growth Awards Program, which is aimed at honoring outstanding companies from Summit, Medina, Portage, Stark, Wayne, Ashland and Holmes counties, that have achieved breakthrough levels of sales and employee growth over their most recent five-year operating cycles.