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Doing one now..... Second mortgage commercial property: NEEDED THE BELOW DOCS Detailed Use of Funds Last 3 months of Complete Business Bank Statements - 2022 Business Tax Return Previous Year's Business & Personal Tax Returns - 2023 if available/ if not interim financials for businesses* Property Financials: Last 2 years and YTD interim Property Rent Roll - On a deal size of this amount, we may consider a true principal payoff after only 12 months. Here is how our pricing would look. In consideration of a 2nd lien on the two multi-family properties - Note we will require the applicable entities who own the property and owners to guarantee the loan. Terms are subject to stipulation review. Funding amount: $525,000.00 Origination Fee: 4% - lender gets 2%, broker gets 2% Estimated Term: 60 Months, 20% interest Estimated Payments: $13,910.00

Probably not too well, he hasn't signed onto DF since 06-20-2023 11:23 AM.

OP, how did things go?

Digital billboards could be an effective lead-generation method for your shop. With digital billboards, you can reach a large audience in high-traffic areas, increasing the visibility of your shop and attracting potential customers. I've used them for my online shop, and they might work well for you, too.*

Copy of email Bay First sent out 10/23 https://bayfirstfinancial-4899688.hs-sites.com/weve-doubled-our-referral-fees?ecid=ACsprvthhKhe1Kvkkjdmq0Pi_F4BX77IFYYsts7EAcXjXccuTcQzND9c1b98ESKmA2c3hwBXxgmE&utm_campaign=BOLT&utm_medium=email&_hsenc=p2ANqtz-86OitvmwZTL_xNNflcbgGLj1Osb2eiE7nSd0VnihTwt94QW2jRsA7OTO3OHODf-mqVk1JSzR58YjRJZQ-ZTtQdq9K8eQ&_hsmi=278728766&utm_content=278728766&utm_source=hs_email

Newtek, Plexe (through Brickell) Backd, Rapid, ARF to name some.

LoanBud offers upto $350K Fast Track SBA Loan. I tried to add web link, wouldn't work.

Try Salaryo.. go to website.. Takes a few days to hear from them and then another 3-4 days to get set-up. They offer $500K up to 36 months, soft credit pull and will payoff 2 or 3 positions. 4 states are restricted, NV, CA, FL and NJ. Need about 680 to qualify and they do like to see the last 2 years of biz taxes and interim financials.

That sounds like a Rapid offer. Only way to reduce the cost would be a shorter term.. Funds So Fast, VitalCap and others have good programs in the 1.28 - 1.38 range. Negotiate for an agressive early pay discount. After funding, I would try an SBA loan at 11.5% on a 10 year term and get this and the other debt refinanced. Add on some working capital for marketing and whatever else is needed to help them reduce costs and improve the other areas. The accounting services that Steve mentioned would be very smart to do too. Always good to get the financials in tip top shape to make the best impression to underwriting.

Capital Solutions Bancorp provides factoring. We factor in a 2ndposition to banks and SBA loans and we factor medical receivables. Feel free to reach out at your convenience.

What is your contact information. I believe I might be able to help and if not I can give you guidance to what you need.

Late to the post... is this still needed?

I sent it to Ben- thanks for the prompt responses