Business Details
31 Years
experience
Trusted Business Financing Solutions
North American Resource Capital has been providing innovative business financing solutions since 1995. Our principal, Richard Cassiano, brings over 30 years of experience in business financing, having closed numerous SBA loans, equipment leases, and mortgage programs. We specialize in tailored financial services for businesses across diverse industries, including restaurants, manufacturing, medical practices, and equine facilities. Our comprehensive approach covers SBA loans, equipment financing, commercial and residential mortgages, and cash advance loans.We prioritize flexible client support, including evening hours for West Coast clients and new business owners. Our team maintains strong industry affiliations through memberships in the Melville and Huntington Chamber of Commerce. With a national service scope, we offer personalized guidance and a vast referral network of professional contacts to support business growth.
Services
SBA Loans
Equipment Leasing
Commercial Mortgages
Residential Mortgages
Cash Advance Loans
Details
- Year established: 1995
Highlights and features
- We offer 30+ years of business financing expertise since 1984
- We provide comprehensive financing solutions covering SBA loans, equipment leasing, and mortgages
- Our programs accommodate bankruptcies and tax liens
- We serve businesses nationwide with flexible consultation hours
- Our team maintains industry affiliations through Chamber of Commerce memberships
Services
SBA Loans
We provide SBA 7(a) loans ranging from $100,000 to $5,000,000 for business startups and expansions. Our programs accommodate diverse industries including restaurants, medical practices, and manufacturing. We assist with collateral requirements and offer flexible terms up to seven years. Our team handles loan applications with partial SBA guarantees through commercial lenders.
Equipment Leasing
Our equipment financing programs cover purchases from $20,000 to over $250,000 for businesses in any industry. We offer terms from one to seven years with purchase options at lease end. Startup businesses receive special consideration, and we finance 100% of equipment costs through direct supplier payments.
Commercial Mortgages
We offer commercial mortgage solutions for property purchases, refinancing, and equity lines of credit. Our programs accept properties with mixed use, industrial, and multifamily characteristics. We consider applications with lower credit scores and provide amortization terms up to 25 years.
People
Richard Cassiano
Principal
Richard Cassiano has specialized in business financing since 1984, with expertise in SBA loans, equipment leasing, and mortgages. He previously worked in consumer finance and auto leasing before founding North American Resource Capital in 1995. His extensive network supports comprehensive business solutions.
Questions
What types of SBA loans do you offer?
We offer SBA 7(a) loans ranging from $100,000 to $5,000,000 for most business types including restaurants, medical practices, and manufacturing operations.
Can startups qualify for equipment financing?
Yes, startup businesses qualify for equipment financing with flexible terms and purchase options ranging from $20,000 to over $250,000.
Do you offer commercial mortgages for mixed-use properties?
Yes, we finance commercial mortgages for mixed-use properties, industrial buildings, and multifamily housing with terms up to 25 years.
What credit requirements apply to your mortgage programs?
We accept applications with bankruptcies and tax liens, offering 96.5% LTV for purchases and considering stated income options for qualified borrowers.
