Trimming, repairing or growing your financial landscape begins with a simple phone call to First Pro Capital and Credit Consulting Experts. Both companies are in one marketplace to assist our clients with their personal credit, alternative business loan, business credit restoration, and alternative commercial real estate lending. [Read more…] about Good Business Begins with First Pro Capital and Credit Consulting Experts
Business Loans
Alternative Business Solutions for Business Debt
We provide valuable alternative business solutions for the self-employed. It can been a challenge for many small business and mid-size business owners during a buyout of business partner or growing pains of your business. Today more and more business owners are opting to alternative business solutions like fixing business credit, solving distressed business debt and utilizing a short term alternative business loan for cash flow.
Alternative Business Credit
If your small business can’t get financed, consider a micro business loan, it’s an alternative small business loan that can be renewed after the maturity date. A micro business loan is a 6-12 month term which is based upon your business bank account’s average balance and your personal credit.
A factoring loan helps several small business owners with working capital, business expansion and consolidating business debt. It’s an alternative small business loan that is not available in retail banks. Factoring healthy accounts receivable maybe your next business loan alternative. A factoring loan is also renewable at the end of the loan term.
An asset based loan is based upon your tangible assets, your business accounts receivable, your business credit score and your personal credit. An asset based loan is a business line of credit amortized for three to five years. We do not compete with retail banks on asset based loans, our asset based loan programs are more flexible with the types of industries and sometimes credit than retail banks. Ex) Some manufacturing companies have difficulties getting financed for an asset based loan with a local lender, where as our lenders welcome most manufacturing companies.
Our SBA lenders are flexible with types of industries. Some industries will get penalized with a lower loan to value, that is not a bad thing, especially when other SBA banks decline an industry because it is considered a high risk industry. Our company offers a very aggressive SBA 7(a) program. Read more about our available non bank business loan programs
Business Debt Solutions
It’s not fun when a mid-size business or small business files a Chapter 11 pre-petition, administrative claim, and post petition claim against a debtor who filed a Chapter 11. Getting your money back on invoices that are owed to your company is challenging, because there are other creditors settling their payoffs too. Instead of waiting and anticipating for your invoices to be paid by a company who filed a Chapter 11 bankruptcy, why not sell your pre-petition claim, your Chapter 11 administrative claim and your post petition claim to one of our third party vendors. Our company will arrange and prepare your entire transaction, and have our third party vendor sell your pre-petition, administrative claim and post petition claim on your behalf and your approval at a discounted value. It’s better to receive some of your money back than no money at all. Time is money; your company cannot afford wasted time, opt in to sell your Chapter 11 Claims.
Reducing and solving your business debt will improve your business credit score with Experian Business, Dun and Bradstreet’s Paydex score and Equifax Business Credit. If your company has outstanding collections or charge offs, select an expert to settle your business collection accounts, business charge off accounts, deficiencies and fix your business credit report. It is very important to have a good business credit score and overall good personal credit
Get the best service and quick results that your business deserves with our alternative business solutions and business credit repair!
Now it is your turn to receive our free consultation!
For more information on how we can settle business debt and business credit restoration locally in Palm Beach FL and Jupiter FL, please fill out the online contact form about your concerns or give us a call at 561.244.9914. Read what our valued clients have to say about First Pro Capital on our Testimonials page.
~ Allow our team of professionals to assist you!
3 Alternative Business Loan Basics
You have been turned down by your local bank, what are you going to do? First off, get a copy of your three merge credit report, you can order one without a getting penalized for a credit inquiry at Experian or MyFico. Before you contact any one, consider the three simple alternative business loans basics:
1. Check Your Credit
Check your personal credit and your business credit; separate your personal credit from your business credit, don’t mix the two together. For Example: Using your personal credit card for business expenditures. If your personal credit isn’t in tip-top shape, call us for a free thorough credit consultation. We require a minimum of a 650 credit score to initiate business financing. If you don’t have business credit for your business, start with a business credit card and a short term bridge business loan; ensure that your new loan fits into your total monthly business expenses.
2. You have Alternatives
What is the difference between non bank business loans and local banks? Non-bank loans are either:
- Short term bridge business loans
- Healthcare Capital
- Industries that cannot be financed with traditional lending.
- More underwriting flexibility for non bank SBA7a
There is nothing wrong with local banks business lending, in fact, consider their lending programs as an exit strategy out of your non bank business loans. Not to say we don’t work with retail banks, some are actually our affiliates.
If your type of business does not fit into a local bank’s criteria, select alternative business lending. Our products are not available on the retail banking side, our lenders are “wholesale” lenders, and they are legitimate and not fly by night. Some of our lenders are nationwide banks who offer more flexibility on their wholesale division for business lending. We don’t work with just one lender as you would with a local bank; we have the ability to find a solution for your business loan through our preferred lenders. We have well established an array of alternative business loans on the “wholesale” lending side. We do not have upfront broker fees for business lending and commercial lending, our consultations are free.
3. Have an Exit Strategy
If you have a decent business with less than perfect credit it is time to fix it. The longer you wait to fix your personal credit and business credit, the longer it will take to exit out of your short term bridge loan. Organizing your personal credit and business credit is part of your exit strategy of refinancing out of an alternative business loan and into SBA or Asset Based Lending.
The choice is yours, you decide.
For more information on how this Florida boutique firm can help you with locally with an alternative business loan locally in Palm Beach FL, please fill out the online contact form about your concerns or give us a call at 561.244.9914. Read what our valued clients have to say about First Pro Capital on our Testimonials page.
~ Allow our team of professionals to assist you!
We Go the Extra Mile and it’s Never Crowded
Most of our leads originate from our affiliates and past clients, approximately 5% of our business derives from the internet. We utilize the internet for our online presence, that’s all. Our online presences are tools for our potential clients to “Google” us, read our articles online, and view our “real” testimonials and recommendations. Our leads our generated by our results, quality service and delivering our products. First Pro Capital Inc. and Credit Consulting Professionals Inc. were intended to be in one marketplace for our clients’ credit solutions and business lending alternatives. Go ahead, compare us to our competitors, you will immediately see the difference between our companies approaches and our competitors’ approaches; it’s more personal and professional, right? If a company is too good to be true, they are too good to be true.
We Jump Through Hurdles for You
The simplest task may have the biggest obstacles down the road. Example: Client-A had a medical collection account open for approximately $3,000, it sounds like a simple settlement, however it was not. The collection agency dragged this settlement for almost two months blaming the medical center for not responding. We were fed up and contacted the hospital ourselves; they accepted our settlement offer within less than 72 hours. Solution: What’s most annoying is as “slow as molasses” rapport from bank representatives and collectors at collection agencies; despite that, we have quick strategies to escalate files with management and it works. Solution 2: We have executive contacts with national lenders who are ready to assist us, they are just an email away to help. Most banks have a proactive outreach to their customers, especially when it’s in regard to a distressed property. Solution 3: We go the extra mile for our clients, period; a generic company will never go the extra mile for customized solutions.
Read More about Us
Without any hesitation, our past clients repeatedly provide us testimonials, recommendations and referrals due to our quality of service, knowledge and efficient turn times. Still unsure, check out our site or simply contact the person who referred you to First Pro Capital Inc. and Credit Consulting Professionals Inc.
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- In Demand Non Traditional Financing Sources: SBA Alternative and Commercial Hard Money
For more information on how we can improve your Personal Credit and Business Credit locally in Naples FL, please fill out the online contact form about your concerns or give us a call at 855.477-9007 . Read what our valued clients have to say about First Pro Capital on our Testimonials page.
~ Allow our team of professionals to assist you!
In Demand Non Bank Financing Sources: SBA and Commercial Hard Money
If you’re a business owner or real estate investor, you already know that traditional financing can be quite challenging to obtain for your business. Why not “go outside the box” and source non bank alternatives for your business and your commercial real estate ?
Advantages of Our SBA7(a) and SBA 504
SBA 7(a) is your alternative financing source for your business and commercial property. We assist in processing with the lengthy SBA forms, which expedites the loan processing quick.
SBA 7(a) offers:
- Credit scores as low as 680 or better
- Flexible underwriting, “make sense” underwriting approach
- Loan amounts starting at $350,000 – $5,000,000
- Loan to values start from 90 LTV
- SBA Express for loans under $350,000
- Retail storefronts without commercial real estate collateralization are welcome
Types of Transactions SBA 7(a) Finances
- Business Expansion
- Small Business Acquisitions
- Start-ups (this transaction requires good credit scores and borrower’s experience)
SBA 504
- Credit score of 680 or better
- Commercial Construction Lending Available
- Lending up to 10M
- Owner User
Hard-Money is not a bad Four Letter Word
If you’re not qualified for SBA and have a commercial real estate property that is in need of financing, apply for a short term commercial hard money loan. Commercial hard money sounds expensive doesn’t it, but that’s not the case. Each hard money transaction cannot be treated the same, commercial hard money transactions are unique and each submission has different components to determine the interest rate and the loan to value. Commercial Hard Money is short term; basically it’s a bridge between the gap of traditional financing and your commercial real estate. Let’s name some commercial real estate projects our commercial hard money lenders like to collateralize:
- Apartments (5 units and up)
- Fractured Condos
- Mixed use
- Non-Owner User
- Owner-User
- Pre-foreclosure
The trend is rising, less traditional financing approvals equals more demand for non bank commercial lending. Get your free consultation today! Remember, we do not take any upfront broker fees for business lending and commercial lending. Click here for more of our commercial real estate loan programs
For more information on how we can help your SBA and commercial hard money application locally 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 on our Testimonials page.
~ Allow our team of professionals to assist you!
Alternative Business Lending for Your Business
Micro Loans
Micro loans are fast and easy; it’s a simple way to get quick cash for your business, loan amounts range from $20,000- $500,000. Some micro loan programs go up to 24 months in terms, it is all based on your personal credit score.
Micro loans are:
- Merchant Cash Advance
- Cash Flow Loan
- Inventory Loans
- Small Business Expansion Loan
Micro Loans are ideal for quick short term cash for your business and without hurting your overhead
Factoring Loans
Waiting to get paid on your invoices, but need cash now? Select a factoring loan, factor your accounts receivable and get fast cash for your business. Loan amounts range from $50,000 to $500,000. Ideal for Health Care services and providers. such as pharmacies.
Purchase Order Financing
Finance your purchase orders to get quick cash for your business now. Example: Our client had purchase orders from Verizon, he could not obtain an asset based loan because of his industry, instead he opted to purchase order financing, which gave him capital he needed for his business.
Prepare an Exit Strategy
If necessary, don’t rule out business credit restoration or personal credit restoration while you opt in to alternative business financing for your business, this type of financing should only be considered as short term, especially if your business is growing and performing. Your exit strategy out of an alternative business loan is paying it off or refinancing into a traditional conforming business loan or an SBA 7a, which you are approved for after your improved credit scores. Remember, our consultations are free and there are no upfront broker fees.
For more information on how you can obtain a short term business loan locally in Destin FL and Fort Walton Beach, please fill out the online contact form about your concerns or give us a call at 855.477.9007. Read what our valued clients have to say about First Pro Capital on our Testimonials page.
Allow our team of professionals to assist you!