Are you a startup, existing business without financials, or just looking for some growth capital to take your business to the next level? We’ll give you the help you need, with a dedicated staff to assist with all your business and legal needs. We can begin work immediately, and can typically help our clients achieve anywhere from $10,000 to $150,000 in unsecured business finance. Plus we’ll get for you a government backed SBA loan. SBA loans have low interest rates, easy monthly payments, require no collateral, and range from $5,000 to $25,000.
Business Line Of Credit
What You Get: Aggregate totals of $10,000 to $150,000 in Business Credit Lines (unsecured)
Business Requirements: Clean business history, no judgments or unpaid loans (New Corporations OK) Business financials and history not required, but could increase results
Officer Requirements: At least one corporate officer must meet the following criteria
• 710+ FICO credit score (800+ if Vantage scoring is used (truecredit.com))
• No derogatory credit marks within 12 months
• No judgments or collections in unpaid status
• Absolutely No Bankruptcies
• At least 3 established credit lines; 1 or more with $5,000+ limits
• Limited recent credit inquiries. (12 in 1 year, no more than 4 per bureau)
• Credit debt ratios under 50% total; no single credit line over 75% The officer must maintain a
clean profile through the program. This includes avoiding mortgage changes and additional car loans during the program.
For more information, please fill out the following form:
Do you need a hassle-free way to acquire funds for your business that is faster and more effective than a traditional bank loan? If your business accepts credit cards, then you are eligible for immediate funding for any business or personal purpose through our Merchant Cash Advance Program.
The merchant cash advance program is faster and more flexible than a traditional bank loan.
Here’s a way for your business to receive advanced funds based on your future credit card transactions. Essentially it’s like receiving the bulk of your future sales now instead of waiting until they actually occur.
An agreed upon percentage is taken from your daily credit card deposits until the advance is repayed. Typically it takes about 7 months to repay the advance, but the great benefits of this program is that you aren’t stuck in a fix payment plan like you would if you had a bank loan. Payments are only made when you make a credit card sale. So if your business is a little slow one month, your repayment amount will go down.
Minimum advance amounts are $3,500 and can go as high as $150,000. The amount you are eligible for will depend on your business’ average monthly credit card processing volume.
Funding is quick. We can get you approved within 48 hours and you can receive funds within 5 to 10 days after a signed contract is received.
A common question is does your business have to switch credit card processers? The answer is No, but often we’ll suggest that you do if we see that you are being overcharged by your current processer. The final decision is in your hands.
To get started with our Merchant Cash Advance Program, please call our office at (888) 242-5658. We need to confirm some basic information with you and we’ll send out an application. Your pre-approval with an advance amount is only 24 hours away!
You may be in a situation where your company requires quick close captial to purchase a value-play asset apartment building, retail or office property. Or maybe the lender of your existing commercial loan is calling the loan due and won’t consider refinancing.
Commercial Bridge Loans For Fast Capital Requirements
If you’ve been to any of the traditional banks, you’ll likely agree with the fact that most, if not all, would never be able to close these deals in less than 30 days. But did you know that such capital is available? These quick close commercial loans are called Bridge Loans.
While bridge loans don’t always offer the lowest interest rate comparaed to say an SBA loan, it’s the speed of the trasaction that makes a bridge loan so much more attractive than most other existing financing vehicles. These loans are typically a fixed interest rate interest-only loan with a baloon after 24 months.
Bridge lenders like to see the sponser have some skin in the game so in most cases 20% down is preferred. However, if the asset is strong and generating significant operating income that will boost the debt coverage ratio, less down may be an option.
If at the end of the term the sponser needs more time, bridge lenders typically will walk shoulder to shoulder with them to ensure a successful completion of the project, so extensions of the capital are available.
The sponsor will need to provide updated rent rolls, year-end financials of the propery and a personal financial statement of the borrower.
So here’s a thought: why not act on that value play asset, acquire the property, stabilize it and after 90 days and 90% occupancy, you can take out the bridge loan with non-recourse HUD financing?
You can rest assured that we only deal with reputable and verifiable bridge lenders who can provide deal references and proof of fund letters once the lender gives preliminary approval through a term sheet.
If you are interested in hearing more about our Bridge Loan financing, please call our office at (888) 242-5658 or fill out our one page loan application.
You may be in a position where you are considering a commercial loan workout with your lender. If so, I came across a very informative article listing steps to take to maximize your chances of success in this endeavor.
Did you know that from now to 2014 it is estimated that around $1.4 trillion in commercial real estate loans will need refinancing and nearly half of them are in trouble because the value of the asset isn’t worth as much as the loan?
Commercial Loan Modifications are not a waste of time
What makes it an uphill battle is that starting June 15th lenders will be forced to change the way they report their troubled debts. This will most likely result in an incresaed number of “troubled loans” lenders will report. And this could change the behavior of how lenders will respond to your commercial loan workout request.
In the referenced article the author lists a five step approach that is common to successful negotiations. Commercial loan modifications are not a waste of time. You just need to be aligned with professionals to help you at each step of the way.
We work with a hedge fund that makes loans to businesses like yours. If you are looking to refinance your commercial loan and think you can’t because you’ve been recently denied by your local bank, they we’d like to see if you might be a candidate for a loan or refinance loan from a hedge fund that can close in as soon as three weeks.
Any reason why you wouldn’t want to learn more about how we can help? Call our offices at (888) 242-5658 or you can fill out the easy one page loan application request to start the process.
If you are a medical professional looking for capital to acquire a new location or take cash out to pay off high interest debt or participate in local real estate deals, then you should consider our Medical Loans program.
Medical loans can be used to consolidate high-interest debt or extract cash from your practice
There are amazing credit programs in medical capital markets reaady to be deployed to medical professionals that will allow them to consolidate high interest rate debt, extract equity from their practice, make strategic acquisitions, make partnership buyouts and expansion capital.
Loans amounts are based off of a formula related to the Loan To Gross Collections (LTGC). If a private practise does 1 million in gross revenues and collects $800,000, the maximum loan amount could go as high as 90% of LTGC, or $720,000.
The Start Up Financing program is great for new graduates who have some type of associate income to help them qualify. Loan amounts can go as high as $500,000 and 100% financing at a 10 year fixed rate term is available.
The most popular program is the Debt Consolidation financing and the wonderful aspect of this is that the debt doesn’t even neeed to be related to the practise. The medical profession may use the funds to pay off high interest personal credit cards for example. Or they may use the funds to pay off high interest debt used to fund the purchase of expensive medical equipment. Average savings could be as high as $50,000 per year on the income statement. The improved monthly cashflow could increase the value of their practise which is an important consideration should you want to sell your practise in the short term.
Here’s an opportunity for you to extract cash out of your business without effecting your partner’s equity postion since the lien only encumbers the interest of the borrowing partner’s equity. Many smart medical professionals are getting creative and targeting the newly acquired capital to act on high value real estate acquisitions.
We’d love to discuss the Medical Loan program with you in more detail. Simply fill out the one page loan application. Funds can be availabe in as little as 15 days to qualified applicants.
If your business is in need of some capital injection I’d like to explain the Small Balance Commercial Loan. This is an awesome product where you can qualify with as little as a 600 credit score. The loan ranges from $75,000 to $400,000 and the proceeds can be used for a purchase or refinance… and get this. You can even pull cash out of your business with this product.
Inject cash into your business with the Small Balance Commercial Loan
These loans close in as little as 30 days. The great thing about working with my organization is that we don’t provide any up-front fees. We are success-based and are willing to only be compensated if we’ve successfully helped you obtain your goals and objectives.
There are a couple of caveats. There is a pre-payment penalty which is in effect for the first five years of the loan term, but steps down each year. And the loan proceeds can’t be used for any type of renovation or rehab.
Consideration can be made for those applicants with a credit score below 600 if you have verification and explanation of a major life event.
Even if you have a bankruptcy on your record, if your score is 600 plus, you will be considered if you have a perfect mortgage history.
If you would like to find out more about this phenomenal Small Balance Commercial loan product, please give our offices a call at (888) 242-5658.
In case you were wondering if the SBA loans were still alive in the U.S., I’m please to share with you that they are still alive and kicking.
SBA Business Loan
Here’s what a recent story at a reputable website had to say:
The good news is the popular regular SBA lending, known as the 7(a) program, is very much alive and well. Last fiscal year the program made just shy of $11 billion in small business loan guarantees.
Here are the basics of how it works. The SBA doesn’t actually loan your business any money. You apply for the loan at a local bank. It does all the analysis and processing, and then submits the loan to the SBA for approval of a guarantee. This means that if the loan goes into default (that is, you don’t pay it back in full) then the SBA will pay the bank some portion, typically 75 to 90 percent, of the lost amount. That’s a pretty good deal for the bank.
Other important factors in qualifying for an SBA loan include Repayment ability, Management, Equity, and Collateral and Credit History. If you feel that your credit isn’t strong, we offer products such as our Small Balance Commercial loan which makes business loans available to business owners where credit score isn’t a hugely determining factor.
If you would like to discuss the SBA loan in more detail, please feel free to contact my office at (888) 242-5658.