Learn To Be A Fix & Flip Investor: commercial loans

Showing posts with label commercial loans. Show all posts

Monday, January 8, 2018

Tips for Landing Commercial Loans

Commercial loans are all about risk. Lenders are looking for some very specific criteria before they are willing to approve a loan application.

Commercial loans are more difficult to get than consumer loans because they are often for a much larger dollar amount. Lenders are in business to make money and that means that they must be very selective when lending a large sum of money. Understanding the criteria that lenders use to evaluate applicants and why they have these standards will help you to tailor your documentation to these criteria and show lenders all of the right information about your business.

Lenders are first and foremost concerned with your ability to repay the loan that you are requesting. They want to see long term documentation in the form of profit and loss statements, bank statements and tax returns to demonstrate that your business is financially stable. The might also want to see documentation about other credit which has been extended to your business. This could be in equipment rental, from a supplier of materials, from a property that has been leased or from a vendor. Lenders also favor a borrower who has some cash in savings to cover expenses in the event of a slowdown in business and revenue.

The next big interest for a lender is that the commercial property that you are purchasing has a value greater than the loan which you are requesting. This is because the property will serve as collateral for the loan. In the event that you default on the loan, the lender will take possession of the property and sell it to cover the outstanding balance of your loan. In most cases the loan will only be approved for about 80% of the property’s current value. This is due to the volatility of commercial property values. Having that instant equity in the property assures the lender that even if the property value drops, the loan will still be adequately secured.

Becoming a Personal Guarantor

In some cases a business entity does not have sufficient credit history to demonstrate financial stability. When that is the case commercial loans are secured by a personal guarantor which is normally the owner of the business. The owner needs to be able to demonstrate to the lender that their personal assets and money can be used to cover the loan payments. Again, the lender will need to see documents including bank statements, tax returns and personal net worth statements to verify the guarantor’s finances.

Understand the Lenders Goal

In almost every case, a lender is simply looking at numbers to determine if a loan applicant is a good risk. Knowing this information, it is critical that you show repeatedly that the business is financially stable, has a strong and steady stream of revenue and that you are also financially stable. In addition showing that the business has sufficient cash reserves to bridge a short term cash flow issue will give the lender added confidence in your ability to repay the loan that you are requesting. Approval for commercial loans is based on ability to repay the loan and the financial stability of the business in almost all cases.

Broker/RI/CEO/MLO
Level 4 Funding LLC Private Hard Money Lender
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Friday, January 5, 2018

Tips for a Faster Closing on Commercial Loans

Time can be a critical factor in some commercial property purchases. But even when time is not a factor the purchase, your time is valuable and you want to close on commercial loans as quickly as you can.

Commercial loans require a great deal of time and information. Lenders need to verify the borrower’s ability to afford the loan and the payments before they are willing to assume the risk of funding the loan. And the only way for all of this investigation and discovery is to provide detailed documentation to the lender. If you are completing the application process for the first time or it is your first application to a new lender, then you should ask for a very detailed list of documents that the lender will require. This not only shows the lender that you are consciences but also that you are eager and willing to invest the time needed to get them their requested documents. Your lender is likely to work at the same speed at which you do when they make a request from you. Work quickly to set the bar high and have your loan completed in the shortest amount of time possible.

Most lenders have a complete list of the documents that they need to evaluate applications for commercial loans. Requesting that list early will allow you to invest the time necessary to assemble a complete and thorough loan application. Consider this document to be your official introduction to a new business partner. Be certain that it is complete, professional and free of errors. This is your one chance to make a good first impression and demonstrate your overall professionalism.

When submitting documents, be sure that your profit and loss sheets are well labeled and easily understood. Call out any one time expenses clearly so that there is no question of missing information. Included full copies of the past two years of tax returns for the business and for any owners. If anyone has filed for an extension, include a signed copy of that document as well. Also, be sure that any bank statements which have been requested are included in full. Do not omit blank pages.

About the Property

Including photos of the interior and exterior of the building can be very helpful, especially if the lender is not local. But even if you are using a local lender, the pictures are helpful and can offer a more complete view of the property. Also be sure that any health or safety issues are remedied prior to the lenders inspection. Most lenders want these particular issues repaired before the closing. Finally, if the property has current tenants, be sure to include valid copies of each lease in your documentation.

Do It Right the First Time

Lenders only make money when they are fulfilling commercial loans and earning interest. They are as eager to complete the application process as you are. Investing the time to present a complete and accurate set of documents along with your loan application is certain to make the approval process more rapid. In addition, it is the best way to create a strong first impression and foundation upon which to build a long term business relationship with your lender.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Process for Obtaining Commercial Loans

There is really no shortcut when you are seeking commercial loans. But following a tried and true process can help to expedite the response to your application.

Most borrowers fail to understand that a great deal of the success or failure of their commercial loan application rests on their amount of effort in preparation. There is a huge amount of research and due diligence that a borrower must invest in the process in order to be successful when applying for commercial loans. Understanding the loan application process, the desires of specific lenders and their loan approval criteria are all very important and should be researched long before you begin to search for a commercial property to purchase.

Many borrowers are in awe of commercial lenders and fail to see them as a business partner or vendor. They get too caught up in the “bank” aspect and feel as if they are being judged. The lender is making a judgement but only from the perspective that they want to verify that you can afford the loan. They are just making smart business decisions. In that vein, you should also be making smart decisions about who you are interested in borrowing from. There are many options for commercial loans which you should explore including large national banks, medium sized regional banks, a small local bank, a private lender or a mortgage company just to name a few. If you are not familiar with any major lenders or to gain information about your options, begin with a meeting at your current bank to learn about their commercial loan products.

Each lender is going to have a slightly different set of criteria for approving a loan. Learning these requirements can help you to determine which lenders you will actually apply to. Set up a few appointments to speak to loan officers to learn about the lenders and what they have to offer you. Be prepared to discuss your business, the reason you are requesting a loan and how you plan to meet the financial responsibility of repaying the loan. These conversations can glean some very helpful free advice for you from seasoned lending professionals.

Select Lenders Who Best Meet Your Needs

Not all lenders are going to be a great fit for you or even a fit at all. If you are looking for a small loan then a national bank might not be interested in your application. Likewise, if you are seeking a very large loan, then a small local bank might not be your best choice. Try to determine which lenders specialize in the type of commercial loans that you are seeking and then apply only to those lenders. There are costs involved in commercial loan applications as well as a commitment of time. Don’t waste either by applying to a lender who will not be interested in your business.

Make a Great First Impression

Other than a brief introductory meeting, your loan application will be your first contact with many lenders. This is your only opportunity to create a positive and professional first impression. Invest all of the time that you need to research your options and the criteria that each lender uses to evaluate loan applications. Only then should you begin to compile your documentation and complete the loan application. This dedication to completing a high quality loan application and documentation packet will pay great dividends when you learn that you have multiple loan offers at very competitive rates.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Thursday, January 4, 2018

Key Differences between Commercial Loans and Residential Loans

Knowing the differences between commercial loans and residential loans will help you to understand the lengthy process when applying for a commercial loan.

Most consumers think that the process to apply for a residential loan is fairly in-depth and thorough. But if they were ever to apply for a commercial loan they would begin to look more favorably on the residential loan application and approval process. Because of the larger sum of money involved and the greater risk and volatility in the commercial real estate market, commercial loans and the application process can be very intense.

When a consumer applies for a mortgage, the lenders first concern is their income and its stability as well as their debt load. Consumer’s debt should be no more than 45% of their income. But commercial lenders are more interested in the ability of the property to generate income to pay the loan. This is called a Debt Coverage Ratio and lenders prefer to see the ratio at 1:1.25 at the least. This means that the income to cover the loan payments is relatively secure.

A down payment on a home is somewhat negotiable and in some cases is very, very small. But due to the increased risk associated with commercial loans, these down payments are normally 20%. This gives the lender the added security of knowing that the property is valued at 20% more than the initial loan amount. Even in the event that the borrower defaults early in the loan, chances are good that the property is still valued at the full payoff on the loan.

Time Is Critical for Commercial Loans

A normal residential mortgage loan can range from 15 years to 30 and some even stretch as far as 40 years. But a commercial mortgage loan rarely exceeds 10 years. This is because lenders want to decrease the risk of the loan by getting their money back faster. In addition, consumers can pay a mortgage loan off early and save some of the interest that they would have paid over the term of the loan. This is not the case for a commercial mortgage. And in fact, there can be penalties which must be paid called prepayment penalties. In more cases the penalty decreases the further into the loan you progress. But the lender wants to be sure that they make their desired profit, or earning, on each commercial loan they write.

Not Really Even Similar

A consumer mortgage and a commercial property loan are only similar in the fact that it is a loan to purchase property. The dollar amount of most commercial loans is substantially larger than the average home loan. In addition, commercial real estate values are very volatile and can change drastically and very quickly. This is an added risk for the lender. Due to these increased risks, lenders are much more particular about the loan applications which they approve and the terms for which they will offer the loan. Having a good understanding of the lenders approval criteria can save a borrower a great deal of time in completing lengthy commercial loan applications if they don’t meet the lenders criteria.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Benefits of Non-Recourse Commercial Loans

There are many options to explore when seeking commercial loans. One of the factors which can reduce personal liability and risk of assets is a non-recourse loan.

As you begin to explore the options for commercial loans you will quickly find that there are two main categories for these loans, recourse and non-recourse. The more common of the two is the recourse loan which requires the borrower or borrowers to personally sign as the guarantor of the loan. This simply means that in the event of business failure or inability of the business to make the loan payments for any reason, then the guarantor is personally responsible to make the payments. Obviously, this presents a significant personal financial risk to the guarantor.

Non-recourse commercial loans do not require the borrowers to become personal guarantors of the loan. Therefore, these loans do not require the risk of the personal assets of the borrowers. This is one of the biggest advantages for any borrower. Knowing that a business failure means the loss of income is bad enough but to also be faced with the responsibility of personal liability on a commercial loan can be devastating. No business owner ever chooses to take out a loan which they believe the business will default on but there is always that rare possibility, and the added stress of personal liability. But a non-recourse loan eliminates that stress and potential issue.

An additional benefit is that non-recourse loans are assumable. This can be a huge advantage if you plan to sell the property in a few years or if a situation changes and you need to sell the property quickly. Currently, commercial lending rates are very favorable, but they are expected to increase. So the current loan rate is likely to be much lower than a rate which will be offered on a loan in a few years. So when you do decide to sell the property, you have the ability to offer to have the buyer assume your loan. This will be a great incentive for the buyers as the interest rate could be significantly lower than the current rate.

The Perfect Non-Recourse Loan Candidate

Non-recourse loans are most often used to purchase properties which provide a strong cash flow as the property is the only collateral. This means that even if the property is not the more visually appealing or if it needs a face lift, it could still be a candidate for a non-recourse loan. The critical factor is the cash flow. As long as the property is generating 1.25 times the proposed payment of the loan then lenders will be eager to offer this financing solution.

Great Benefits if the Fit is Right

Non-recourse commercial loans can offer a huge benefit for the right borrower and the right commercial property. Knowing that the property does generate a strong and steady cash flow allows the borrower to get a great loan and rate without having to personally guarantee the loan in the event of a business failure. It also provides added benefits to the borrower when it is time to sell the building by allowing the buyer to take advantage of a lower interest rate on the assumed loan.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Monday, November 27, 2017

Hard Money Commercial Loans

Businesses turn to commercial loans when they need to expand as well as when times are slow such as in non-peak seasons. There are several lending options available to those entrepreneurs that have decided to go out on their own and sink or swim.

Small Business Administration (SBA) loans are often the first choice for businesses. This is due to their low interest rates and longer terms of payment, usually 7 to 10 years. They will want to know what you plan on spending the money on be it inventory, working capital, newer equipment or a business acquisition. SBA commercial loans do, however, have very stringent underwriting standards and are not available to everyone. You will need to have excellent credit and been in business for two years.

Unfortunately, it is not just SBA loans that require you to be in business in order to get a loan, a catch-22 for start-ups. Most lenders look to your cash flow in order to qualify you. After all, it is this cash flow that will ultimately repay them. If you are just joining the ranks of the self-employed, you will need to look for alternative commercial loan lenders outside of banks, credit unions and the Small Business Administration. The growing crowdfunding campaigns are one way new businesses are finding capital. For small businesses that are looking for short-term loans less than $35,000, a micro lender may be an option. These are non-profit organizations that will require a business plan as well as financial statements. Another alternative is a private hard money lender.

Hard money loans generally come from private investors or small groups. They are always secured by a “Hard” asset—hence the name. You can use your business’s equipment or real estate as collateral. If your business does not have enough equity or collateral in it, you can opt to use your home or another asset. Of course, should your business go south, your asset will follow, so be sure to understand the ramifications and know that you can live with that decision. Some lenders make loans on future earnings and receive payment based on a percentage of credit card purchases. These types of lenders often go under the name of merchant cash advance companies.

Private Hard Money Loans

Keep these facts in mind when considering obtaining a commercial loan from a private hard money lender.

· Know what you are using as collateral and what it is valued at.

· Have a solid business plan.

· Know the lenders loan-to-value ratio and obtain the needed funds. Many private hard money lenders come in at around 70 percent LTV.

Private hard money lenders value the collateral more than your credit score.

At Level 4 Funding, we work with several private hard money investors who are interested in lending to small businesses. Call us for a no-obligation quote and to see if we have the investor that you’ve been looking for.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Thursday, November 16, 2017

How Commercial Loans can help Your Business Prepare for the Holidays

The holidays are quickly approaching up, but is your small business ready for the hectic season? If you aren’t quite prepared for the chaos that the holidays bring, don’t stress! Commercial loans can lend your business a helping hand.

Not only are the holidays a stressful time, but it is also the 4^th quarter and the end of the year, which can always put pressure on any business. Consider looking for financial assistance during this season. Commercial loans are offered by a number of lenders including the Small Business Administration so you will be able to choose from plenty of options to find the right one for your business needs.

Inventory if often a good reason to need extra financial help. Many businesses who sell goods usually see a spike in purchases during the holidays. So, you want to make sure that you have plenty of inventory for your customers to get through the busy season. Especially if you have seen a spike in business during this time of year in the past. Ordering more inventory ahead of time can cause you cut into your cash flow and take a pretty good chunk out of it. That can hurt your business so taking out a loan can help avoid this.

On top of extra inventory, you might need to get additional employees and help as well. Many businesses hire seasonal workers, but that also means adding more people to your payroll. You can have peace of mind hiring these new employees and not stress about finances by looking into commercial loans that can help with the extra costs on the payroll.

Commercial loans can also help pay for extra holiday efforts

Your business can spend a lot of money and time on marketing and this can increase during the holidays. Not only do you need to pay for extra and most likely more extravagant marketing campaigns, but you also need to pay for the extra work that it is going to cause. Since you won’t see the benefits right away from your marketing efforts, it is best to get the fund up front to help establish a marketing plan for the season. Your extra marketing will draw n more customers and create more revenue down the line, so the extra expense at first will pay off in the end.

Also, consider the idea of needing extra equipment during the holidays and get the financial help from commercial loans

With your business needing more inventory, more workers and drawing in more customers, you may need additional equipment during this time of year as well. Commercial loans can help pay for any extra equipment or supplies that are needed. This can be a big expense and it can help to spread the payments out over time instead of dipping into your cash flow to pay all at once.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

How to Evaluate Commercial Loans from the Small Business Administration

The Small Business Administration is there to lend a helping a hand when you and your small business need them. But there are still things to consider when applying for commercial loans from the Small Business Administration.

If you are looking to financial a small business, the Small Business Administration is there to help you with loans. These commercial loans are often times offered with lower interest rates along with flexible terms since they are guaranteed by the federal agency. Because of this, you are able to start your business or make large financial changes to it without having to worry about falling into debt. Also, the Small Business Administration is there to help in the wake of any damages or losses from natural disasters.

With a loan from the Small Business Administration, you have the opportunity to find the lowest financing options for your small business. Remember, not everyone is going to qualify, but if you do, research and look for the best option for you. There are different types of options out there and some will be better for you to get on your feet than others.

Mostly banks are going to be the ones issuing commercial loans from the Small Business Administration. It is reported that with help from the Small Business Administration, they are able to guarantee up to 85 percent of loans that are $150,000 dollars or less. And guarantee up to 75 percent of loans that are over $150,000 dollars. In 2016, the Small Business Administration’s average loan amount was reported to be around $375,000 dollars. This can be a great option if you are looking to borrow to refinance your small business, open a new location or even remodel.

One of the many benefits of obtaining commercial loans through the Small Business Administration is the luxury of lower interest rates

Loan rates can vary, but the Small Business Administration are highly competitive when it comes to interest rates. Obviously, it will depend on the size of the loan, but most will see interest rates as low as 6.5 percent and usually always under 9 percent. These are great rates for any small business, whether you are just starting out or looking to refinance.

Be prepared to have documents ready that are prepared for the Small Business Administration to approve commercial loans

The Small Business Administration is going to require some documents to review from your small business before approval of commercial loans. To make the application process go smoother, have the following documents ready for review: a borrower information form, personal history statement, personal financial statement, 3 years of personal income tax returns, 3 years of business tax returns, a business license or certificate, business lease and your loan application history. The process can be quite intense, so the more prepared you are, the less stressful the entire process will be, from the start of the application, to the very end of closing.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC Private Hard Money Lender
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Tuesday, November 14, 2017

What Lenders Require for Commercial Loans

Getting commercial loans requires more than just filling out an application. Knowing what lenders are seeking from a borrower will help you to understand the process and succeed when others fail.

Commercial loans are certainly more difficult to obtain than personal loans. And there are some very good reasons that lenders are being more selective about approving loan applications. Understanding what lenders are looking for and why they are selective will help you to meet the qualification criteria and present your business in a more favorable light.

All lenders are in business to make money and they only accomplish that when they select borrowers who will repay them with interest. So you can see why it is important for lenders to weed out the less than creditworthy applicants. That is also why lenders look more closely at commercial loans. The loans represent more risk due to the more volatile nature of a business’s finances. Sudden shifts in the economy rarely have huge impact of a consumers finances but they can have a significant impact on the financial health of a business or even an entire industry. So commercial lenders protect themselves by thoroughly scrutinizing any applications for commercial loans.

The other means of protection that lenders have is the collateral for the loan. This is normally the property that is being purchased with the loan money. Lenders want to be certain that the collateral value is substantially larger than the loan amount. This ensures that the lender will have recourse to recover their money if the borrower defaults on the loan.

Show the Lenders What They Want

Knowing that the lenders only real concern is that they can and will get their money back and hopefully the interest that they are charging, you need to demonstrate to them your ability to repay the loan. In many cases this can be accomplished by compiling three to five years of financial records, tax records and bank statements. You will let the lender review the documents and see that you have experienced steady growth and that you are profitable. You will also want to provide some added security for the lender. As the guarantor on the loan, you need to show your personal ability to assume the loan payments if need be. This will require submitting your personal financial documents to show net worth, tax records, bank statements and an asset schedule.

Paint the Right Picture

It is true that there can be some obstacles in your path when you are looking for commercial financing. But lenders do want to lend money, they just want to be assured that they are not throwing their money away. Understanding the motivation for all of the strict loan qualifications and the documentation that are required can actually help you to get approved for your loan. You simply need to position your business to look and be profitable and successful. Increase your revenue, decrease spending and build your cash reserve. Showing strong financial health will make commercial lenders eager to do business with you.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Thursday, November 2, 2017

Commercial Loans In Texas – What You Need To Know About Working With the SBA-Part 4 – Selecting the Right Lender

Once you have all of the paperwork in place and understand the process of obtaining a commercial loan in Texas through the Small Business Administration, you must now begin the process of figuring out which lender is going to serve your needs. Picking the correct lender is very important in making sure that your loan process runs smoothly.

While they might all seem the same on the surface, there are vast differences amongst lenders, especially when it comes to a loan through the Small Business Administration. In order to make your process as easy and stress-free as possible, you will want to find a skilled lender that not only have experience in commercial loans, but also one that has experience dealing with the various aspects of SBA loans.

One of the differentiating factors with a lender who is familiar in dealing with the Small Business Administration is whether or not they are a “Preferred” lender. This is important, as an approved lender (noted by the preferred status) has already cleared some of the basic requirements put forth by the SBA and this will greatly speed up the process for the borrower. If a lender is not preferred, they must initially submit the borrower’s credit application to the SBA directly. A preferred lender can skip this step.

Another factor that will help you pick the correct lender for your needs with your commercial loan through the Small Business Administration is whether or not they have a department that is dedicated solely to these types of loans. Will you receive specialized attention? Or will you just be another application that is thrown into the stack. Lenders that have dedicated personnel are going to make your loan process much smoother and will help you to feel at ease with the process.

Along with selecting the right institution, it is critical that you also select the right loan officer. This person is going to be working with you and will be critical to your success. If you do not get along with your loan officer, or do not feel they would do a good job, then that is a sign that your commercial loan process is not going to be as smooth as it should be. Your loan officer should not only be familiar with commercial lending in general, but also be familiar with Small Business Administration loans specifically.

What other questions should I ask a potential lender about my commercial loan in Texas through the SBA?

You will no doubt have many questions when trying to find a potential lender, as you well should. There are two basic questions that every lender should have answer to very quickly. In fact, they might even have printed documentation for you. The first is what sort of supporting documents this specific lender requires for the loan process. The second is how long this specific lender expects the commercial loan process to take. Good lenders will be able to give you concrete, precise answers.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Featured Post

Monday, January 8, 2018

Commercial loans are all about risk. Lenders are looking for some very specific criteria before they are willing to approve a loan application.

Becoming a Personal Guarantor

Understand the Lenders Goal

Friday, January 5, 2018

Time can be a critical factor in some commercial property purchases. But even when time is not a factor the purchase, your time is valuable and you want to close on commercial loans as quickly as you can.

About the Property

Do It Right the First Time

There is really no shortcut when you are seeking commercial loans. But following a tried and true process can help to expedite the response to your application.

Select Lenders Who Best Meet Your Needs

Make a Great First Impression

Thursday, January 4, 2018

Knowing the differences between commercial loans and residential loans will help you to understand the lengthy process when applying for a commercial loan.

Time Is Critical for Commercial Loans

Not Really Even Similar

There are many options to explore when seeking commercial loans. One of the factors which can reduce personal liability and risk of assets is a non-recourse loan.

The Perfect Non-Recourse Loan Candidate

Great Benefits if the Fit is Right

Monday, November 27, 2017

Businesses turn to commercial loans when they need to expand as well as when times are slow such as in non-peak seasons. There are several lending options available to those entrepreneurs that have decided to go out on their own and sink or swim.

Private Hard Money Loans

Private hard money lenders value the collateral more than your credit score.

Thursday, November 16, 2017

The holidays are quickly approaching up, but is your small business ready for the hectic season? If you aren’t quite prepared for the chaos that the holidays bring, don’t stress! Commercial loans can lend your business a helping hand.

Commercial loans can also help pay for extra holiday efforts

Also, consider the idea of needing extra equipment during the holidays and get the financial help from commercial loans

The Small Business Administration is there to lend a helping a hand when you and your small business need them. But there are still things to consider when applying for commercial loans from the Small Business Administration.

One of the many benefits of obtaining commercial loans through the Small Business Administration is the luxury of lower interest rates

Be prepared to have documents ready that are prepared for the Small Business Administration to approve commercial loans

Tuesday, November 14, 2017

Getting commercial loans requires more than just filling out an application. Knowing what lenders are seeking from a borrower will help you to understand the process and succeed when others fail.

Show the Lenders What They Want

Paint the Right Picture

Thursday, November 2, 2017

What other questions should I ask a potential lender about my commercial loan in Texas through the SBA?