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07-25-2022, 09:11 AM #2Senior Member
Reputation points: 72961
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,260
1. Hard money property loan as alternatives to WBL or Ironwood....problem it's not fast....takes 1 - 2 months. Rates are like around 11% annually interest only.
https://dailyfunder.com/showthread.p...or-Real-Estate.
https://dailyfunder.com/showthread.p...ositions-1-25M
2. You can get hard money loan on property using no doc loan - thus doesn't need to be a business owner. Just needs to be non owner occupied purchase or refi. You can also get personal loans for salaried people. Can also get business credit card for start up business as well.
https://dailyfunder.com/showthread.p...270#post168270
3. See if they qualify for a term loan. Maybe factoring? Maybe A/R? Look into purchase order financing. Any assets available for ABL?Last edited by Olderguy; 07-25-2022 at 03:23 PM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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