Results 1 to 2 of 2
-
06-17-2019, 08:01 AM #1
- Join Date
- May 2019
- Posts
- 4
BAD Credit Start Up Loan Of $20K With $40K Home As Collateral
Basically, I have a merchant who wants to launch a Start Up but has bad credit (in the 500's). He is looking for only $20,000.00 and has a paid off home as collateral worth over $40,000.00
Please email or message me if you can help and Thank You
admin@valueandintegrity.com
-
06-17-2019, 08:51 AM #2
- Join Date
- Feb 2017
- Posts
- 3,429
In the beginning, I tried working many deals like this.
Startups with less than 680 FICOs (you really want 700+) are a waste of time.
Private homesteads need licenses, and take too long.
Find a different/better lead and don't waste your time. You can theoretically find a way to do credit repair if you'd like, but that's about it.
Similar Threads
-
Line of Credit - Home as Collateral
By CashAdvanceKing in forum All Other LendingReplies: 2Last Post: 06-10-2019, 06:11 PM -
Anyone do start up loans with bad credit and collateral?
By McoupeBobby in forum Deal BinReplies: 1Last Post: 11-30-2016, 03:31 PM -
Mobile home for collateral, seeking loan
By Moneyformerchant in forum Deal BinReplies: 3Last Post: 07-29-2015, 09:41 PM -
***LOOK***700+ credit Merchant looking for Term Loan for New Start Up ****LOOK****
By FlowWorkCap in forum Deal BinReplies: 4Last Post: 12-30-2014, 11:42 AM -
Start-up business with storefront, bad credit, no sales, but collateral
By mca123 in forum Deal BinReplies: 1Last Post: 09-12-2014, 10:15 AM