2025 is right around the corner, specific industries have been redlined by retail banks for a working capital loan. Some retail banks are scaling down business loan approvals due to high-risk industries, such as retail, general contractors and businesses who do not have commercial real estate to securitize as collateral for their business loan.
Non-Bank SBA Lending
An ideal fix for your declined traditional business loan is from a nontraditional bank that offers a functional SBA working capital loan that is amortized for 10 years, with a variable rate component. Qualifications require a 700 plus personal credit score with ascending gross sales listed on your most recent business tax returns. Worried about time? An absolute quick turn time to receive your funds is typically less two weeks.
Non-Bank Commercial Real Estate Lending
From alternative A paper lending to creative hard money bridge is accessible for your commercial real estate. Additionally, a no income verification commercial real estate loan for purchases is also available for your business, the business must disclose the commercial property as owner user with 85% loan to value, that is just 15% down without verifying your income and acquiring a conforming rate. Lastly, a 100% financing commercial real estate purchase for doctors is obtainable. A good personal credit such a 680 score and unblemished business credit are imperative.
Asset Based Lending
Another alternative when retail banks say no. A non-bank asset based lender may help your project or expansion by securitizing an asset based business line of credit for your business. Tangible assets and business to business receivables are required .
Land Loans
A 12 month business bank statement loan with an alternative A credit rate will allow your investment property transaction as a purchase or refinance the vacant land, zoned commercial or residential.
For more information on how this Florida boutique firm can help you with your non bank SBA and a Non Bank Commercial Real Estate Loan 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.
-Serving Florida Business Owners Since 2006
Leave a Reply