We work with three sources for business loans. Here are the criteria:

Source One

1. Loan size: From $10 million up.
2. Client must be able to prove up $250,000 up to a $25 million loan request, 1% of the total for higher amounts. You do not pay this out but must be able to have it confirmed before the loan request will be considered.
3. Upon request, a full loan package will be forwarded to you for your consideration and, on acceptance, completion and submission.
4. You will eventually speak directly with the lender and invited to have your attorney or other interested parties on the call. There will be earlier calls where you may get any specific questions answered. They communicate very well.

Source Two

1. Loan size: From $300,000 up to $10 million.
2. Loans are to be used only for business purposes.
3. Loans are to be backed by commercial and/or residential property.
4. Loans are interest only.
5. Terms are up to 2 years.
6. Approvals are generally received within 48 hours. Some may take longer.
7. Rates are dependent upon the situation, but expect 15% to 18%.
8. Location is restricted to the Western states, especially Oregon, Washington, California, Idaho, Nevada and Arizona. Others will be considered on a case by case basis.

I have worked directly with this firm for over sixteen years and have found them excellent in all respects with a solid reputation in the industry.

Source Three

1. Loan Size: From $1 Million to $300 Million. Must be a minimum of $3 Million for international loans.
2. Loans are made for business purposes only. Personal guarantees are often required. They may be negotiated.
3. Collateral: Real estate and other fixed assets.
4. Loans are based on an LTV up to 60% of the "quick sale value" – defined as the expected sale price if sold within six months. If the loan is used for renovation or construction, the loan amount can be based on the completed value, staying at a 50% LTV ratio thoughout the course of construction and would be disbursed in stages. LTVs go up to 60% of quick sale value based on a six month cash sale.
5. Rates vary from 12-18% for (US) domestic loans, interest only, depending on collateral and loan structure. Rates for international loans span 12-21%.
6. In lieu of equity, a fee of 2-10% may be paid.
7. One to three years, typically. No prepayment penalty.
8. Location: World wide.
9. Depending on your situation, these loans can be closed within a few weeks. The more documentation you and your attorney can provide will determine how quickly the closing takes place.

Email us for further information regarding loans.