By Ray Antonelli
In today’s market “no money down” financing is almost unheard of. However, there are lenders who actively seek out those who have great credit and have a need. The uses are endless. Some examples: food trucks, franchises, real estate, equipment purchases, even providing a cash flow cushion for small businesses. There are no restrictions to use the funds.
Another benefit is very little paperwork to apply and really fast approvals. The funds start to become available in as little as two weeks from date of application. Another unique feature is no upfront fees: a comfort when dealing with a company for the first time. Good to great credit is a must. However, unlike most loans a substitute guarantor (business partner, spouse or other family member) is welcomed if the client’s credit does not meet current lending standards.
Traditional banks still make these types of loans but usually ask for a mortgage on your personal residence and also make the client requalify every year. Whereas our unsecured business lines of credit are permanent and not tied to any asset. Many banks used to offer traditional UBL’s but will no longer offer them without collateral. So this program with its one requirement (credit) is a godsend to investors and startups. Call now for all the details. 216 337 7520. Ask for Ray