Any Bank Statement program with Simple Interest loans/LOC with bank rates out there?
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  1. #5
    Senior Member Reputation points: 72961 Olderguy's Avatar
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    Sep 2021
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    Irvine, CA
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    For real estate:

    I have a guy licensed in Florida and California that does a bank statement program on primary residence. Can also do hard money DSCR at 7.25% on investment property nationwide.

    For business:

    SBA Bolt uses bank statements and etran score of 1.75 thereabouts..Fico 700+. Rate on that program is in the 13% range prime plus 4.75% 10 years.

    And...

    6-month bank statements for each business operating account
    • Business & Personal Tax Returns (2020, 2021, & 2022)
    • 12-Months Trailing interim financials (2022 & 2023)
    CONSOLIDATED AND INDIVIDUALLY
    • Debt schedule (Include all Promissory Notes)
    • Accounts receivable (AR) and accounts payable (AP)
    • Executive Summary / Teaser

    THIS IS FOR ACCESS TO $1-3M WITHIN 4-14 BUSINESS DAYS IF YOU ARE ELIGIBLE.

    Reach out for any of these.
    Last edited by Olderguy; 02-20-2024 at 09:46 AM.
    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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