One of the main reasons a legal business entity is established is to separate the liability of the business from the individual. This same concept should expand into funding, however the majority of business owners are still using themselves as the personal guarantor to secure funds. Why is this?
The only conclusion that we can draw is that there is simply a lack of knowledge on the proper steps to take. This is where our Business Credit & Funding can help. We provide software that will walk you through the process step by step so that you can qualify for what you need without having to attach your personal credit. We are also willing to place orders with the desired vendors and do all the work for you.
The process is the same for every business regardless of the owner’s personal credit or the length of time in business. Older businesses will only have an advantage after they have completed the process of establishing their business as a stand alone entity. Once your company qualifies as a stand alone then all other types of financing becoming available with having to insert your social security number on the application.
Imagine having vehicles solely in the companies name. Imagine having property solely in the businesses name. The opportunities are limitless as long as your business is creating results.
Before these options also comes immediate funds. Within 4 months, if the steps are followed, your business will have around $50,000 available. That amount will continue to increase as more and more offers are sent your way.
You are getting money in short order and keeping to your roots of separating your personal liability from the business. Not to mention you are also increasing the value of your company overnight. Selling your business is always or should always be a potential exit strategy. Would you rather buy a business with established credit or one without? It can be as simple as that.
Get a Free Business Credit & Loan Consultation. We Simplify Building Business Credit So You Can Get Capital With Confidence! Speak with a Qualified Business Credit Advisor to discover your quickest & optimal path to build substantial business credit! - Get Started! Click Here!
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Showing posts with label commercial financing. Show all posts
Showing posts with label commercial financing. Show all posts
Friday, March 5, 2021
Business Credit Building - Your Business Should Be Operating As A Stand Alone Entity!
Labels: unsecured bad credit loans
business credit building,
commercial financing,
EIN not linked to SS,
funding,
loans,
no credit check,
no personal guaranty
Thursday, January 23, 2020
Secure Financing for Commercial Projects
Investing your money plays a critical role in achieving financial security, especially for your life after retirement. People don’t always agree on the best place to invest money, but one thing they can agree on is to start investing early. The earlier in life you invest, the more time you have to earn a profit. One place to invest that has a potential for yielding a worthwhile profit is rental properties. When you buy a property to rent, whether you choose to buy a house, duplex or apartment building, it’s going to cost money upfront. Fortunately, it’s possible to obtain loans specifically for purchasing investment properties.
When looking to take out a commercial loan, the most important factor is your credit score. Having a very good credit score, 740 and above, will increase your likelihood of obtaining a loan. Anything less than a 740 credit score, will increase your monthly payments and interest rates or even prevent you from being approved. Debt is another aspect to take in consideration. If you have financial debt, it’s best to take care of it before seeking a loan. Having a lot of debt makes it difficult if not impossible to be approved for a loan.
If you’re in a good position to obtain a loan, you need to decide who your lender is going to be. Large national banks are a viable option; however, they don’t have much room for flexibility. National banks want to be certain that they get their money back. As such, they won’t approve loans for properties that they deem risky and, they usually require large down payments.
An alternative option to taking out a loan directly from a large bank is to go through a private broker. The biggest benefit of using a broker is having the flexibility not offered by national banks. Brokers are more willing to work with you to create a plan that suits your circumstances. Larger brokers offer loans ranging from $1,000,000 to $50,000,000. Private lenders have more options for fixed rates ranging from 3 to 35 years.
Working with a commercial loan broker opens up more opportunities for you to put your money into investment real estate properties. They have the knowledge and experience to help you take out a loan that’s right for you. Getting approved for a loan and purchasing a rental property today will assist you in your journey of obtaining financial security.
If you are looking for mobile home park financing options there is no better broker in the business than The Madison Group. They have been brokering the financing of modular housing communities for years
When looking to take out a commercial loan, the most important factor is your credit score. Having a very good credit score, 740 and above, will increase your likelihood of obtaining a loan. Anything less than a 740 credit score, will increase your monthly payments and interest rates or even prevent you from being approved. Debt is another aspect to take in consideration. If you have financial debt, it’s best to take care of it before seeking a loan. Having a lot of debt makes it difficult if not impossible to be approved for a loan.
If you’re in a good position to obtain a loan, you need to decide who your lender is going to be. Large national banks are a viable option; however, they don’t have much room for flexibility. National banks want to be certain that they get their money back. As such, they won’t approve loans for properties that they deem risky and, they usually require large down payments.
An alternative option to taking out a loan directly from a large bank is to go through a private broker. The biggest benefit of using a broker is having the flexibility not offered by national banks. Brokers are more willing to work with you to create a plan that suits your circumstances. Larger brokers offer loans ranging from $1,000,000 to $50,000,000. Private lenders have more options for fixed rates ranging from 3 to 35 years.
Working with a commercial loan broker opens up more opportunities for you to put your money into investment real estate properties. They have the knowledge and experience to help you take out a loan that’s right for you. Getting approved for a loan and purchasing a rental property today will assist you in your journey of obtaining financial security.
If you are looking for mobile home park financing options there is no better broker in the business than The Madison Group. They have been brokering the financing of modular housing communities for years
Labels: unsecured bad credit loans
bankruptcy,
commercial financing,
construction,
flip,
flix,
foreclosures,
investment properties,
mezzanine,
mobile home,
rehab,
rental homes
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