Q. What types of loan programs are considered as alternative business lending?
A. The most common type of alternative business lending is a MCA, some finance amounts are less than $100,000 or up to $500,000, with amortization schedules up to 24 months. We have over 30 reputable lenders we work with.
Q. Is alternative business lending for bad credit applicants?
A. Most alternative business lending applicants have fair credit scores
Q. What if I have bruised credit but my receivables and bank deposits are healthy?
A. Even though alternative business lending is available, a foreclosure within the past 12-18 months on your credit will restrict your loan approval. Check your credit by ordering a three merge credit report at Experian ; you will not be penalized for a credit inquiry because you are ordering your three merge credit report directly from the credit bureau.
Q. Are there any upfront fees for alternative business lending?
A. No, our consultations are free, there are no upfront fees with this company for business lending or commercial hard money financing. You may decide to enter into an alternative business loan and quickly exit out of an alternative business loan once you fine tune your personal credit and business credit. We strongly recommend an exit strategy in place before committing to short term bridge business loan, such as SBA , Asset Based Lending or simply paying off the loan in cash.
Q. How long does the process take?
A. As soon as we obtain all of your required documents, the process takes less than seven business days
For more information on how we can help you locally obtain alternative small business lending in Naples FL and Fort Myers FL please fill out the online contact form about your concerns or give us a call at 239.260.4602. Read what our valued clients have to say about First Pro Capital and Credit Consulting Experts on our Testimonials page.
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