FirstDay has partnered with Cooperative Business Services to provide comprehensive business lending solutions.   CBS makes decisions locally which enables them to get things done quickly.  They are agile, flexible and make common sense underwriting decisions. CBS strives to consistently deliver competitive, flexible and efficient financing solutions for our members.

CBS offers both fixed and variable rate products with as little as 10% down.  They have several different loan products and will diligently work with you to structure a customized financing package that best fits your individual business requirements.

Term Loans

• Purchase or refinance machinery, equipment or other capital assets, permanent working capital, business acquisition, debt consolidation
• First lien via UCC filing and loan security agreement on business assets sufficient to fully secure the transaction
• Generally 12 to 180 month terms
• Fixed and variable rate options available
• Loans up to $2,000,000 per transaction

Commercial Real Estate Loans

• Purchase or refinance of commercial, industrial and/or investment property
• First lien filing on subject property
• Terms up to 10 years, amortizations up to 25 years
• Fixed and variable rate options available
• Loans up to $7,500,000 per transaction

Lines of Credit

• Available for any general business purpose
• First UCC lien filing together with loan security agreement on accounts receivable, inventory, and all business assets
• Line of credit facilities are generally reviewed on an annual basis
• Rates are typically set at a floating rate over the Wall Street Journal Prime Lending Index
• Loans up to $500,000
   

SBA Loan Programs

SBA 7(a)

• Business expansion, business acquisition, commercial real estate purchase, machinery & equipment purchase, working capital, and debt refinance
• Terms up to 25 years
• Variable rate spread over the Wall Street Journal Prime Lending Index
• Loans up to $5,000,000
   

SBA 504

• Land and building purchase, construction or renovation & machinery & equipment purchase
• Terms up to 20 years
• Loans up to $5,000,000

Meet Sam Slater

Sam Slater is FirstDay's representative at CBS. He will work closely with you to help meet the needs of yoru business.

Sam currently serves as Assistant Vice President of Business Development for Cooperative Business Services, LLC, in the Dayton Ohio region.  Sam is a 1985 graduate of Cornell University College of Agriculture and Life Sciences with a degree in Agriculture Economics & Business Management.  Sam is also a graduate of the Career Development School through American Bankers Association.  He holds a real estate license in the State of Ohio having completed his education coursework at Hondros College.  Prior to joining CBS Sam was a licensed Realtor specializing in commercial sales and leasing transactions.  His focus was on sales, marketing, contract and lease negotiations, market value analysis, conflict resolution, zoning and environmental issues, appraisal and business plan review, investment analysis, land development and financing options.  Sam has also worked for 13 years as a Corporate Lender for a commercial bank providing a wide array of commercial financing services including real estate mortgages, equipment financing, term loans, working capital lines and SBA loan products.  Sam has over 25 years of direct sales and customer relations experience.  Sam is active in his community as a Member of The Kiwanis Club of Mason, a member of the athletic boosters, and has been a youth sports coach for years in baseball and girls fastpitch softball.

As Assistant Vice President of Business Development for CBS, Sam is responsible for business loan originations in the Dayton Ohio region.  To learn more about what Sam can do for you, click here.


sslater@cbscuso.com
Phone: (888) 697-9555, Ext. 101