Southern Bancorp

Construction Loan
Property Types	2-4 Units, Agriculture, Assisted Living, Automotive, Bar, Cannabis Related, Car Wash, Church, Condo, Daycare, Entertainment Venue, Funeral Home, Gas Station, Hotel, Industrial, Land Entitled, Land Non-Entitled, Manufactured Home, Medical Facility, Medical Office, Memory Care, Mixed use, Mobile Home Park, Modular Home, Motel, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior Care - Commercial Property, Senior Care - Low Income, Senior Care - Residential Property, SFR, Shopping Center, Skilled Nursing, Special-Use, Strip Center, Student Housing, Warehouse
Lendding Area	NATIONWIDE
Loan amount Minimum	$1,000
Loan amount Maximum	$30,000,000
Interest Rate Minimum	8.25%
Interest Rate Maximum	12%
Credit Score Min	600
Prepayment Penalty	No Prepayment Penalty

Long Term Commercial Loan
Property Types	2-4 Units, Agriculture, Assisted Living, Automotive, Bar, Car Wash, Church, Condo, Daycare, Entertainment Venue, Funeral Home, Gas Station, Hotel, Industrial, Land Entitled, Land Non-Entitled, Manufactured Home, Medical Facility, Medical Office, Memory Care, Mixed use, Mobile Home Park, Motel, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior Care - Commercial Property, Senior Care - Low Income, Senior Care - Residential Property, SFR, Shopping Center, Skilled Nursing, Special-Use, Strip Center, Student Housing, Warehouse
Lendding Area	NATIONWIDE
Loan amount Minimum	$1,000
Loan amount Maximum	$30,000,000
Interest Rate Minimum	8%
Interest Rate Maximum	13%
Points Minimum 1st TD	-
Points Maximum 1st TD	-
Terms	1 year, 18 month, 2 year, 4 year, 5 year, 3 year, 5 / 6 month ARM, 5 / 1 year ARM, 7 / 1 year ARM, 7 year, 7 / 6 month ARM, 10 year, 10 / 6 month ARM, 20 year, 15 year, 10 / 1 year
Typical Days Required to Fund	31-40 Business days
Credit Score Min	600
Interest Only or Amortized	Amortized and Interest Only Options available
Fees	Appraisal
Entities	Corp - Corporation, Individual, LLC - Limited Liability Corporation, LP - Limited Partnership
Extensions Available	Considered based on Performance
Cross Collateralize Blanket	Yes
Lien Position	1st, 2nd
Max Points Charge by Broker	No max
Prepayment Penalty	No Prepayment Penalty
Intended Occupancy	Tenant, Owner Occupied Business Purpose, Vacant
Fixed or Adjustable	Adjustable
Recourse	Recourse
Reserve Requirement	6 months

Rehab Loan
Property Types	2-4 Units, Agriculture, Assisted Living, Automotive, Car Wash, Church, Condo, Daycare, Entertainment Venue, Funeral Home, Gas Station, Hotel, Industrial, Land Entitled, Land Non-Entitled, Medical Facility, Medical Office, Memory Care, Mixed use, Mobile Home Park, Motel, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior Care - Commercial Property, Senior Care - Low Income, Senior Care - Residential Property, SFR, Shopping Center, Skilled Nursing, Special-Use, Strip Center, Student Housing, Warehouse
Lendding Area	NATIONWIDE
Loan amount Minimum	$1,000
Loan amount Maximum	$30,000,000
Interest Rate Minimum	8.25%
Interest Rate Maximum	12.5%
Credit Score Min	600
Prepayment Penalty	No Prepayment Penalty
Fixed or Adjustable	Fixed
Reserve Requirement	None

Line of Credit
Property Types	2-4 Units, Agriculture, Assisted Living, Automotive, Car Wash, Church, Condo, Daycare, Entertainment Venue, Funeral Home, Gas Station, Hotel, Industrial, Land Entitled, Land Non-Entitled, Medical Facility, Medical Office, Memory Care, Mixed use, Mobile Home Park, Motel, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior Care - Commercial Property, Senior Care - Low Income, Senior Care - Residential Property, SFR, Shopping Center, Skilled Nursing, Special-Use, Strip Center
Lendding Area	NATIONWIDE
Loan amount Minimum	$1,000
Loan amount Maximum	$30,000,000
Interest Rate Minimum	8.25%
Credit Score Min	600

SBA Loan
Property Types	2-4 Units, Agriculture, Assisted Living, Automotive, Bar, Cannabis Related, Car Wash, Church, Condo, Daycare, Entertainment Venue, Funeral Home, Gas Station, Hotel, Industrial, Land Entitled, Land Non-Entitled, Manufactured Home, Medical Facility, Medical Office, Memory Care, Mixed use, Mobile Home Park, Modular Home, Motel, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior Care - Commercial Property, Senior Care - Low Income, Senior Care - Residential Property, SFR, Shopping Center, Skilled Nursing, Special-Use, Strip Center, Student Housing, Warehouse
Lendding Area	alabama, arkansas, florida, louisiana, mississippi
Loan amount Minimum	$5,000
Loan amount Maximum	$30,000,000
Interest Rate Minimum	8%
Credit Score Min	600

Summary of all Guidelines

Southern Bancorp is located in Hattiesburg, MS.

These descriptions are limited information and meant for general reference purposes.