Loan

Acquiring a commercial loan is a crucial step when trying to buy or start a business.  Many business owners put tremendous time and effort honing their business plan but put little effort in finding the right funding source for their project.  There are many options of raising capital for a business such as raising capital from friends and family, SBA Loans, conventional loans, or private money loans.  There are many different loan products available to business owners depending on the what stage they are in their business and the type of business.  Getting the wrong funding can be detrimental to your overall business health and eventually can cause failure.  85% of business who fail do so because they are capitalized properly so getting the right funding is the most important key to your business’ success. Deciding your Loan Amount Not too much, Not too little.  Too big of a loan and you will be struggling to make the monthly payments. Too little o...

A big problem that business and commercial real estate owners face in today’s market is access to quick funding so they can execute on opportunistic purchases.  With conventional commercial loans, SBA loans, and community bank loans taking at least 45-60 days to close, borrowers are struggling to fund a purchase that needs to close in 30 days.  Commercial Bridge loans are a good alternative financing option for these opportunistic purchases.  Commercial Bridge loans are typically used to “Bridge” a property from unstable/non-cash flowing to a permanent loan.  Typical scenarios where a borrower might use a commercial bridge loan would be if they were buying an unstable property from an online auction that has to close in less than 30 days. Other scenarios would be a borrower acquiring a hotel that needs some improvements. In this scenario, the bridge loan would allow the borrower to acquire the hotel, do the renovations (PIP) and then refinance once the asset stabil...