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03-05-2014, 08:44 AM #1
Hard Money Biz Loan
Hey Guys, this is a new product I have.
Loan Size: $300K to $10M
Interest Rate: 18%
Term: Up to 5 Years
Based On: Gross Cash Flow, Business Sustainability and Growth Potential
Credit: No Min Credit Score
Lender Points: 3 (Brokers need to present signed agreement with deal)
Closing Time: Up to 45 days
PP: No prepay penalty
Other: Full Recourse
Use of Funds: MUST BE FOR EXPANSION
We're needing: PFS, 3 years biz returns, detailed use of funds, biz plan for expansion, photos and 12 mo bank statements.
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