looking for recommended lender for capital starting out!
Hello everyone, we have started an LLC and got the EIN number last September for our hopeful flipping business with motivated sellers, but have been coming into roadblocks with getting additional funding. I am needing to ask for direction and suggestions on recommended reputable lending companies that would lend to a new real estate business.
I have searched and found Bay Mountain Capital, Upgrade, Fundera, 1 West, Fund&grow, Lima1 capital, Dominion Financial Services and others, but I am unsure if you recommend one of these to go with, or if you suggest and know of a better one and lends to newer businesses that could give funding in around a few days to get funded?
I have also heard of a DSCR loan, but I don't think that would work with flipping because we would not be not renting out at this time.
God bless and Thank you!