Regional Bank No Longer Willing to Finance Profitable Business
Refinance of $9 million + of Real Estate & Business Debt
Furniture Store business in Ohio. 5 locations
We received a call from the owner of a regional retail furniture business. They owned 5 retail furniture locations. The business was profitable and the business was doing well. The problem was, they owed over $9,000,000 to a large regional Bank that no longer wanted to finance their business. "A common problem we have seen over the last 5 years".
We were able to come in, meet with the Bank, and get the time we needed to get the business refinanced. After working closely with the business owner, we were successful in refinancing all the real estate and were able to get the Bank paid out so the business could move forward.
This past year the business showed a Net Profit of over $1 million.
The owner of the business has told us several times how much they appreciate our ability to get their loans refinanced.
"Now that we have our loans refinanced, we have been able to focus on growing our business and not having to be spending our time dealing with a Bank that no longer wants our business."
Doctor wanted 90% Fixed Rate Financing
New Construction and Permanent SBA 504 Financing
$5 million Medical Facility & Medical Equipment, Florida
We received a call from a Medical Doctor wanting to expand his Medical Practice. He operated his Medical Practice from a small facility and wanted to build a 9,000 sf State of the Art Medical Facility to grow his business.
We were able to bring in one of our Bank Lending partners to provide the Construction and Permanent loans and we processed the SBA 504 loan approval to allow the Doctor to get 90% low Fixed Rate Financing.
The Doctor has grown his practice and is doing very well.
Retailer just brought the business and needed Working Capital
Working Capital Loan for 10 years with No Collateral Required
$120,000 SBA 7(a) Loan
We received an Online Application for a business owner looking for working capital to grow a business he just purchased. The borrower needed working capital to buy inventory and to do some marketing to grow his business. He had no collateral to secure the loan.
We were able to get the business owner a $120,000 10 year SBA 7(a) working capital loan.
The business is growing and doing very well.
Refinance of Note Maturing on Investment Property
Conventional Loan for 25 years with No Balloon Payment
$1,300,000 Low fixed rate Loan Provided
Borrower called us and had a short time left to refinance an Investment Property he owned.
Loan was closed in 45 days.
Borrower was very happy we were able to respond so quickly with a low fixed rate, long term loan.