Lender Promising 100% Financin

[Antonio Cucciniello]

I have been searching for lenders on LinkedIn that can give lower down payment requirements. One reached out to me about lending with 100% financing.  They give business loans at 6 month to 15 year terms with 5K minimum to 2 million, only needing 1% of loan amount in proof of funds.

This sounds too good to be true, I was wondering what to watch out for? I have used conventional loans my entire process through and this would be my first time through a private lender! I have a deal that I want to get in my area that has great cash flow at asking (rarely happens). So I want to act quick but don't want to be screwed. What can even happen? I have been hearing of scams but don't really know what that means!