Need a 20k collateralized business loan.
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  1. #1

    Need a 20k collateralized business loan.

    I need a business loan for 20k. I have a SF home in Spruce Pine, North Carolina that my mom lives in free and clear (I do not occupy it) worth $126,000 that I can pledge as collateral. I can put it in the name of my business if necessary. My monthly bank deposits for August, 2015 are $14,123, July 2015 are $2693, June 2015 are $4,000, and May $5195. Looking to work with a direct lender not a broker. Email Brad if you can help.
    Last edited by Funder Brad; 09-22-2015 at 05:51 PM.

  2. #2
    Lol. Awesome. Is that 1 SF home in Spruce Pines or did you forget to put the amount of square footage in the post? Either way, Email me banks I can get this done! I hear Spruce Pine is a realtor's wet dream right now!
    Last edited by Fly; 09-23-2015 at 01:10 AM.

  3. #3
    Senior Member Reputation points: 5023
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    Pm Me.
    I am a broker though, but have a lender that specializes in this type of loan.

  4. #4

    Need a 20k collateralized business loan.

    Info@oceanfinancing.com

  5. #5
    Senior Member Reputation points: 23702
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    Quote Originally Posted by Funder Brad View Post
    I need a business loan for 20k. I have a SF home in Spruce Pine, North Carolina that my mom lives in free and clear (I do not occupy it) worth $126,000 that I can pledge as collateral. I can put it in the name of my business if necessary. My monthly bank deposits for August, 2015 are $14,123, July 2015 are $2693, June 2015 are $4,000, and May $5195. Looking to work with a direct lender not a broker. Email Brad if you can help.
    Just call your local mortgage guy. What's the need for a 'business loan'? You'll get way better rates and terms from a traditional consumer source. Avg deposits of 5K a month I would call a hobby, not a business anyway.

  6. #6
    mortgage guys don't like this loan. too small for them to make any $$ on it.

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