Unable to obtain traditional financing:
**DTI ratio irrelevant (most states), personal finances irrelevant, less than 1 year self-employed okay
less than 25% business owner okay, BKs okay, currently in foreclosure okay, declined for non-QM okay
virtually any qualifying restriction can be overcome.
Loan can be used for a multitude of business purposes:
**Acquisitions, consolidation of debt including MCA loans, capital for expansion/growth, marketing/advertising
construction, settlement offers, lien payoffs, Bankruptcy workouts, inventory purchase, buying out a partner, etc.
Loan proceeds can be used for practically any business purpose and virtually all industries are acceptable for financing.
**All Real Estate, Any Occupancy, Any Lien Position, All States**
Loan Qualification & Funding Turn Around:
**Qualification is base on gross monthly business deposits and real estate equity with CLTVs up to 75% and loan amounts up to $2 million
Funding Turn is typically less than 15 business days
Loan Terms & Submission:
**2 years with interest only payments for the first 6 months followed by principal & interest payments for months
7-24 (amortized over 48 months to keep payments lower); the loan may be paid off after the initial 6-month
period without penalty; Submission includes 1-page application, REO form, and 6 months business bank statements.
