Express service

Real Estate Weekly, Nov 19, 2003

Business Loan Express, LLC announced that it will begin providing rental real estate loans throughout its network of nearly 50 offices.

BLX becomes one of the leading small business lenders to offer this type of service to borrowers, providing an alternative to banks or credit unions. BLX manages a portfolio of small business loans in excess of $2 billion, and the company serves over 3,100 small business borrowers.

BLX manages a portfolio of small business loans in excess of $2 billion and the company serves over 3.100 small business borrowers.

The investment real estate program will be available to those seeking loans for a number of rental real estate uses, including multifamily dwellings, industrial buildings, and retail and office space.

"Adding this program to our portfolio of loan products will create many new lending opportunities for us by enabling us to reach qualified small and medium size real estate entrepreneurs that have had difficulty obtaining financing on acceptable terms," said Robert F. Tannenhauser, CEO of Business Loan Express.

The Business Loan Express loan programs have been specially designed for small businesses with financing needs up to $4 million.

BLX is a licensed participant in the SBA 7(a) guaranteed loan program and is a nationwide SBA Preferred lender.

Currently, BLX originates, sells and services conventional small business loans, as well as loans through the SBA's 504 and Express loan programs, and the United States Department of Agriculture's Business and Industry Program.