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10-02-2017, 11:02 AM #1
- Join Date
- Apr 2016
- Posts
- 103
Business Lending Resource - $100,000 - $1M+ Term Loan / LOC's
Let US know if we can be of assistance with lending request that fit our guidelines.
Lending Overview:
We provide term loans / lines of credit to well-qualified borrowers nationwide. Loans are structured based on (creditworthiness, business cash flow and RE collateral). We will lend in the ranges of $50,000 - $1,000,000 with term of 1-4 years with a monthly payment option. The interest rates are as low as 12% for well-qualified borrowers. Minimal documentation, and funding timeline in 5-7 business days.
Example:
We will lend 10% of business gross annual sales (minimum business income $1,000,000) and collateralize the loan with RE utilizing 100% CLTV taking 2nd or 3rd lien position on available equity up to loan amount. Minimum borrower FICO 620 (NO bankruptcies, tax liens or judgments).
Initial Submission:
- Application
- 6-months Bank Statement
- Business Debt Schedule
Full-file Submission (necessary for funding):
- Application
- 12-months Bank Statements
- Business Debt Schedule
- 2016 Tax Returns
- 2017 Financials (P&L, Balance Sheet)
- Real Estate Information (mortgage statement, tax bill, appraisal)
All the best.
Sean Najieb
Sean@liftforward.com
917.477.6534
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