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Comment by Linda Wintersteen on June 24, 2022 at 11:42am

What do lenders look at in your credit report ??

Follow me for daily advice !!!!!

What do lenders consider when they look at your credit report?
It's a simple question with a complicated answer, as there are no
universal standards by which every lender judges potential borrowers.

Of course, there are some items that will decrease your odds of approval just about everywhere. Looking at what makes up your FICO score (which most people think of as "my credit rating") is a good place to start. FICO scores range between 300 and 850, with anything 650 or above considered a good credit score. If your score is below 620, you will probably find it difficult to borrow money at favorable interest rates.1

Key Takeaways

Payment history accounts for 35% of a borrower’s FICO score and is the most important factor for lenders.

Large amounts of outstanding debt are another significant concern to lenders.
A long track record of responsible credit use is good for your credit rating.
Lenders
want to see that their clients have experience using multiple sources
of credit—from credit cards to car loans—in reliable ways.

Comment by Linda Wintersteen on June 22, 2022 at 10:20am

When you need a line of credit, but your credit and income are not there.. for a line of credit in these times with the banks, do not panic !!!

https://davidallencapital.com/line-of-credit/102493030

Comment by Chris Carsini on June 17, 2022 at 2:22pm

All asset classes are consider for a Bridge loan, including owner-occupied and investor properties.

Comment by Chris Carsini on June 17, 2022 at 1:50pm

Comment by Linda Wintersteen on June 17, 2022 at 9:40am

https://davidallencapital.com/dac-payment-processing-services/?refc...

Comment by Linda Wintersteen on June 17, 2022 at 9:26am

Every business owner
will tell you there is no better debt financial instrument than a Line
of Credit. It's on standby when you need it and you only pay interest
when it's being utilized. It also has a "No Pre-payment" penalty
component that term loans and Merchant Cash Advance/daily payment loans
don't offer.Banks offer Lines of Credit that are secured by
assets such as cash, real estate, marketable securities and accounts
receivable. I have one private lender who offers an LOC secured by
investment/commercial real estate collateral.For those business owners who don't have collateral, .Here are the advantages this unsecured Line of Credit offers

1. Get approved within an hour (this is real...have done this for clients multiple times}
2. Next day access to draw down on their LOC
3. Lender offers two options: monthly or weekly payments
4. This is a "true" LOC...only pay interest on the funds you drawn down to use for your business
5. LOC up to $250,0006. Soft credit inquiry...no reduction in credit scores due to a hard inquiry.
Time in business: 1 year
Application requirements: a simple 1 page app & your last 3 monthsof business bank statements...no Tax Returns or company Financials.
Credit score: 600 minimum
1.Deposit activity minimum: $20,000 per month in your business banking account.Available in all states except: NV ND SD
2.
Businesses not eligible: gambling, auto dealers, political campaigns,
legal/illegal substances, adult entertainment, firearms, NFP's
Linda J Wintersteen 602 330 1598 ljw4ggggllc@outlook.com

Comment by Linda Wintersteen on June 17, 2022 at 9:20am

When you need a line of credit but your fico score is not where it should be

Here is one solution for you, I have others I SPECIALIZE in lines of credit

business credit cards,

term loans..

https://davidallencapital.com/.

Comment by Linda Wintersteen on June 17, 2022 at 9:19am

https://davidallencapital.com/...

For the gig worker, you now can get funding !!!

Super fast , by the time you finish the online app, you will have the funds in your acct !!! 7 minutes , from start to finish!!

No worry regarding your fico score, 3 months in business, and now YOU CAN USE YOUR PERSONAL BANK ACCT IN LIEU of a business bank acct !!!!

Great for sole owners, the crafters, the drivers, the work at home sales, etc

Linda Wintersteen ljw4ggggllc@outlook.com 602 330 1598

Comment by Linda Wintersteen on June 17, 2022 at 9:17am

Hope you are having a great month so far! Just a quick reminder of the programs we have for clients.

Term Loan

3-7 year term
7-20% Interest rate
Fully Amortized payment structure (Monthly Payment)
Cash deposited into an account with no restriction on use
Funding up to $300,000
Criteria

680 credit scores across the board (Or co-signer with 680 scores)
$40,000 or more in personal income the past 2 years

Business credit lines

Revolving term (Keep open forever)
0% interest the first 6-12 months
Only pay monthly for what you are using
Funding up to $150,000
Criteria

700 scores across the board or higher (Or co-signer with 700 scores)
Must have a business

No alt text provided for this image from 4ggggllc Business Services

Comment by Linda Wintersteen on June 15, 2022 at 2:45pm

When you need a line of credit for your business, but your fico score is not there. Here is a solution for you

https://davidallencapital.com/line-of-credit/102493030

1 yr in business, $15,000 a month in sales/deposits fico 550 plus

Linda Wintersteen

602 330 1598 ljw4ggggllc@outlook.com

Comment by Linda Wintersteen on June 13, 2022 at 8:42am

Nationwide lending co op with local offices throughout the U.S.

One program is offered by a Chicago based business associate I have known and trusted for decades

This is a Bridge Loan for Farmers who currently can’t tap into their traditional capital sources

Land with equity offering a 1st Lien position is the required collateral

Loan Amounts ranging from $500,000 to $5,000,000 (larger case by case)

Collateral: Productive cropland in the Midwestern U.S.

Up to 65% LTV - Up to 3 year Term - Interest Only – 7% to 9% per Annum

Great product for BOTH Farmers and their Lenders seeking to monetize an existing loan

Linda Wintersteen

6023301598 ljw4ggggllc@outlook.com

Comment by Brian Henderson on June 9, 2022 at 6:05pm

25 year Investment Property Mortgage Broker & Business Funding Advisor.

Comment by Linda Wintersteen on May 22, 2022 at 2:41pm

So when you need a line of credit, for your start up or exist #ing business, but your FICO score is not where it should be..t #startup #business #capital

https://lnkd.in/gp_uaNzs

Linda Wintersteen
602 330 1598 ljw4ggggllc@outlook.com

Comment by Linda Wintersteen on May 22, 2022 at 2:20pm

https://davidallencapital.com/gigfunding/?refcode=102493030

Comment by Don Baker on May 4, 2022 at 5:01pm

I arrange ANY TYPE OF DIFFICULT Real Estate Loans--even IN or OUT of Bankruptcy.

If the loan makes sense, we will fund it.

*****Yes, you will get paid your fees*****

We are NOT in competition with you. We just want your loan.

Your client will be treated with respect and courtesy.

Don Baker 805 237 7908

California Private Lenders

donbaker@cplenders.com

cplenders.com

Comment by Ray Portela on May 4, 2022 at 11:17am

Can you do funding for Technology Bitcoin equipment? I have clients that are looking from 6k up to $100k? Thanks

email me at rayp@anythingcommercial.com

Comment by Linda Wintersteen on May 4, 2022 at 8:09am

For the gig worker, you now can get funding !!!

Super fast , by the time you finish the online app, you will have the funds in your acct !!! 7 minutes , from start to finish!!

No worry regarding your fico score, 3 months in business, and now YOU CAN USE YOUR PERSONAL BANK ACCT IN LIEU of a business bank acct !!!!

Great for sole owners, the crafters, the drivers, the work at home sales, etc

Linda Wintersteen 602 330 1598 ljw4ggggllc@outlook.com

https://davidallencapital.com/gigfunding/?refcode=102493030

Comment by Linda Wintersteen on May 3, 2022 at 1:45pm

https://davidallencapital.com/gigfunding/?refcode=102493030

or home based business gig workers etc
only need $3,000 a month in sales
fico score , not a issue
can use personal bank statements

Comment by Linda Wintersteen on May 2, 2022 at 1:08pm

NEW PRODUCT SMALL BUSINESS

For home based business gig workers etc
only need $3,000 a month in sales
fico score , not a issue
can use personal bank statements

funding within minutes , all online
I will post when we are live !!

Comment by Linda Wintersteen on April 18, 2022 at 11:46am

Every business owner will tell you there is no better debt financial instrument than a Line of Credit. It's on standby when you need it and you only pay interest when it's being utilized. It also has a "No Pre-payment" penalty component that term loans and Merchant Cash Advance/daily payment loans don't offer.

Banks offer Lines of Credit that are secured by assets such as cash, real estate, marketable securities and accounts receivable. I have one private lender who offers an LOC secured by investment/commercial real estate collateral.

For those business owners who don't have collateral, .Here are the advantages this unsecured Line of Credit offers

1. Get approved within an hour (this is real...have done this for clients multiple times}
2. Next day access to draw down on their LOC
3. Lender offers two options: monthly or weekly payments
4. This is a "true" LOC...only pay interest on the funds you drawn down to use for
your business
5. LOC up to $250,000
6. Soft credit inquiry...no reduction in credit scores due to a hard inquiry.

Time in business: 1 year
Application requirements: a simple 1 page app & your last 3 months
of business bank statements...no Tax Returns or company Financials.
Credit score: 600 minimum
1.Deposit activity minimum: $20,000 per month in your business banking account.
Available in all states except: NV ND SD
2. Businesses not eligible: gambling, auto dealers, political campaigns, legal/illegal substances, adult entertainment, firearms, NFP's

Linda J Wintersteen

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