In today’s globally competitive environment, you need the flexibility to take advantage of opportunities right away. If you take the time to jump through all of the hoops your bank or investors require, someone else will swoop in and seize the advantage.
A fast commercial bridge loan allows you to be nimble. You get the financing you need to make a critical investment to keep your business moving ahead. Once you have secured your bridge loan and done any repairs or renovations you can pay off the bridge loan with conventional financing with your bank or investors.
If you’ve spent any time researching start up business loans, you probably already know, they are nearly impossible to find and if you find one, the amount, term (if you can get a start up business term loan) and interest rate will probably disappoint you. That’s where our start up term business loanscome in. In order to clear the hurdles with lenders for start up businesses, our loans are based on your personal credit and total income. To be clear, our loans are personal loans for your business, so we will need to see that you have a business entity, preferably a corporation or LLC. (Proprietorships are possible but require more time and paperwork.) Once you are approved and receive your loan, you can put that money into your business and Voila, you’re off and running.
We have quick commercial hard money bridge loan programs in all 50 states including commercial real estate bridge loans for a cash out short term commercial bridge financing with qualifying LTVs and construction loans.These commercial hard money loans, aka short term quick commercial bridge loans can even help you stop or avoid a commercial foreclosure (we can often negotiate with your bank for a lower payoff when the LTV is too high), take advantage of a big opportunity or tap some existing equity short term for a business opportunity.Unfortunately, the pendulum for commercial real estate (and other business loans) as in residential real estate loans swung from the extremely easy to the extremely difficult. Just about any blemish in an individual’s credit (often not in their making) will get a swift and decisive “No”.
Our Commercial real estate SBA alternative loans many times are a perfect alternative for people turned down by an SBA lender. So if you’ve been turned down for an SBA loan, you’ve got plenty of company. Following are some frequent SBA commercial mortgage turned down reasons that we can usually provide a good SBA alternative loan for:Assisted Living Financing – Our assisted living loans include assisted living