If you are a business owner - even if your credit is flawed and you own no commercial real estate - you can borrow between $25,000 and $150,000 based solely on your signature! Some of the uses can be to bolster liquidity, to pay for third party costs - like appraisals, inventory, environmental reports, - or for any other business need.
Using this program, you can get as a business owner money within just three to five business days without any collateral. There are no up-front fees to get this loan. There is no requirement to own commercial real estate either. Your borrower could just be renting commercial space. There are no mortgage or UCC costs or liens. It is strictly a signature loan. Credit can be as low as a 500 FICO to qualify. The key issue with this program is that the borrower must own a business. He can borrow up to 10% of his annual sales / revenue. A buddy of mine used this program to get his client a quick $50,000 when his client's credit deteriorated so badly that his SBA loan was turned down. This program was also used recently to raise the money for third party reports. In this case, the borrower owned commercial real estate, and he was trying to borrow almost $500,000 secured by his industrial building. The problem was that the borrower's cash flow was so overstretched at the moment that the borrower couldn't come up with the $6,000 he needed for the appraisal and toxic report. This borrower was able to use this quick, unsecured commercial loan program to borrow the money necessary to eventually obtain a $500,000 commercial real estate loan! The paperwork requirements are pretty easy too - just a 1003 loan application, a credit report, 12 month's worth of bank statements for the company, and last year's company tax returns. As I mentioned earlier, there are no application fees, and your client will have an answer within just 3 to 5 days. A word of caution! The money is expensive, but if you as an owner - borrower desperately needs the dough, this program can be a lifesaver. Got a potential deal? Please send me an email at dan@trevanaproperties.com with your contact information and a brief description of the deal. In the subject line, please type, "Dan's Special Unsecured Business Loan." Thanks!
1 Comment
10/22/2013 06:49:54 pm
I always like to read a quality content having accurate information about personal loans.It is very useful to understand features of taking personal loan with bad credit.....thanks
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Dan GarciaTrevana Properties is a placement company working with a variety of hedge funds, REIT's, commercial banks, specialty boutique lenders, private investors and other funding sources not widely known to the general public. Archives
November 2016
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