- Competitive rates
- Flexible terms
- Local executive management team
- Expedited approval process
Frequently Asked Questions
What types of business and commercial lending does TruWest offer their membership?
At this time, TruWest is only providing commercial lending for investor-grade commercial real estate projects (specifically multifamily, office, light-industrial and retail).
What about other types of business lending (SBA, Equipment, A/R and C&I)?
At this time, TruWest has several referral network contacts that we can provide to an existing member to explore other business lending programs available in the marketplace.
If I have a commercial real estate project for which I would like TruWest to provide financing, what do I need to provide?
To get started, TruWest needs a copy of the purchase contract (if applicable); the prior year-end Profit & Loss (P&L) statement and a current year-to-date P&L statement; most recent rent-roll for the project; personal financial statement; and prior year federal tax-return filed with the IRS for the ownership entity (and/or include Schedule E if filed on a personal tax return). Additional information will be requested by TruWest, but this information is enough to get us started on a review of your transaction.
What are the current loan terms for a commercial real estate loan with TruWest?
Please call your local commercial loan officer in Arizona, Mark Hunton at (602) 629-1899, or in Texas, Mike Gandy at (512) 252-6007, to get a current interest rate quote, plus terms and conditions for your particular transaction.
How to Apply for a Business Loan
ContactReach out to us and let us know you are interested in a business loan.
ResponseA TruWest commercial loan officer will respond via phone or email within 72-hours.
DocumentationPlease provide all of the information and documentation requested by the commercial loan officer.
EstimateTruWest will provide you with a pro forma estimate of a potential commercial real estate loan with TruWest that includes the rate, term, fees, and amortization period.
DepositOnce a good-faith deposit is received by the borrower, then third party reports will be ordered for appraisal, site inspection, and environmental reports,
ApprovalUpon receipt of the third party reports and remaining documentation requested by Business Member Support Team, the loan will be submitted to the Member Business Lending Committee for approval.
ClosingIf approved, then closing documents will be ordered and your commercial loan officer will set up your closing appointment.
1On approved credit. Must be a TruWest member with a minimum deposit of $5 to qualify