SBA 504 LOAN PROGRAM CHANGES

The SBA refinance program is back and changes have been made. The SBA has changed the loan-to-value limitation on refinance projects that include cash-out for eligible business operating expenses. The LTV limitation has been increased from 75% to 85% providing a greater flexibility within the permanent finance program to tap into the equity of owner-occupied properties. The SBA has also loosened the restrictions of ownership changes of small businesses in the two years prior to a refinance application. Also, refinance applications may use appraisals dated no earlier than one year prior to the date the application is approved.

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Closed Franchise Loan

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ICA CLOSES a commitment to lend at 90% financing for the Start-Up of a owner user Jimmy Johns in the Suburbs of Charlotte, NOrth Carolina.

ICA and the financing desk, leading resources in today’s mortgage industry CLOSES a $353,000  dollar Start-Up loan for a newer franchisee  in the North suburbs Charlotte, North Carolina. ICA and its South East based investor were able to deliver this no-call / no-balloon loan in times when many other pass on higher leveraged restaurant Start-Up deals. The customer was delivered a 10 year term and 10 year FULLY amortized loan at a 6.25% interest rate. The loan comes with working capital and  no prepayment penalty.

 At the financing Desk we utilize our national network of direct lenders to provide financing solutions that meet our clients’ specific needs. We work with many local and national direct lenders across the country who are familiar with the desk and understand the needs of our clients. Our company has been built on a pillar of integrity and loyalty. We welcome your Commercial Mortgage / Business Acquisition or Equipment Leasing requests. We look forward to hearing from you.

www.financingdesk.com

Posted in Commercial Bank Underwriting, Commercial Loan Rates, Commercial Mortgage Trends, Guaranteed Loan Investments, SBA 7A Trends and Update, Secondary Marketing, Startup Financing, The Economy | Tagged , , , , , , , , , , , , | Leave a comment

115% Financing!!!!!

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ICA CLOSES a commitment to lend at 115% financing for the Purchase of an owner user Commercial Real Estate Building in the Suburbs of Springfield Massachusetts.

ICA and the financing desk, leading resources in today’s mortgage industry CLOSES a $1,550,000-dollar Commercial Real Estate loan for an Ophthalmology Practice company in the NW suburbs Springfield, Massachusetts. ICA and its Midwest based investor were able to deliver this no-call / no-balloon loan in times when many other pass on over-leveraged Commercial Real Estate. The customer was delivered a 25-year term and 25 year FULLY amortized loan at a 6.25% interest rate. The loan comes with a small prepayment penalty and corp. guarantee ONLY.

 At the financing Desk we utilize our national network of direct lenders to provide financing solutions that meet our clients’ specific needs. We work with many local and national direct lenders across the country who are familiar with the desk and understand the needs of our clients. Our company has been built on a pillar of integrity and loyalty. We welcome your Commercial Mortgage / Business Acquisition or Equipment Leasing requests. We look forward to hearing from you.

www.financingdesk.com

Posted in Bank Investments, Commercial Bank Underwriting, Commercial lending, Commercial Loan Rates, Commercial Mortgage Trends, mortgages, SBA 7A Trends and Update, Underwriting | Tagged , , , , , , , , , , | Leave a comment

115% LTV Loan Approval!!!!!!!!

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ICA SECURES a commitment to lend at 115% financing for the refinance of owner user Commercial Real Estate, debt consolidation and a permanent working capital LOC in the North-West suburbs of Chicago. The loan proceeds are going to decrease his monthly payment and save this borrower over $7,500 a month!

ICA and the financing desk, leading resources in today’s mortgage industry SECURES a $751,000 dollar commitment to lend  for a technologies company in the NW suburbs of Chicago. ICA and its South EAST based investor were able to deliver this no-call / no-balloon loan in times when many other pass on over-leveraged Commercial Real Estate. The customer is being delivered a 25 year term and 25 year FULLY amortized loan at a 6.00% interest rate. The loan comes with a small prepayment penalty. The loan also comes with working capital.

At the financing Desk we utilize our national network of direct lenders to provide financing solutions that meet our clients’ specific needs. We work with many local and national direct lenders across the country who are familiar with the desk and understand the needs of our clients. Our company has been built on a pillar of integrity and loyalty. We welcome your Commercial Mortgage / Business Acquisition or Equipment Leasing requests. We look forward to hearing from you.

www.financingdesk.com

Posted in Commercial lending, Commercial Loan Rates, Commercial Mortgage Trends, Guaranteed Loan Investments, SBA 7A Trends and Update, Secondary Marketing, The Economy, Underwriting | Tagged , , , , , , , , , , , , , | Leave a comment

Loan Closing!!!!!!

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ICA CLOSES a commitment to lend at 85% LTC for the Purchase of an Independent Gas Station and Convenience Store with WORKING CAPITAL in the North West section in the state of North Carolina. The loan proceeds are going to be used for property and business acquisition and working capital.

ICA and the financing desk, leading resources in today’s mortgage industry CLOSE a commitment to lend for $1,510,000 for a North East based Gas Station/Convenience Owner Operator. ICA and its SOUTH EAST based investor were able to deliver this loan in times when many others said NO to Gas Stations. The customer was delivered a 25 year term and 25 year amortized loan at a 6.00% interest rate. The loan comes with a SMALL 5,3,1 prepayment penalty and NO Bank fee’s. The loan also comes with working capital.

At the financing Desk we utilize our national network of direct lenders to provide financing solutions that meet our clients’ specific needs. We work with many local and national direct lenders across the country who are familiar with the desk and understand the needs of our clients. Our company has been built on a pillar of integrity and loyalty. We welcome your Commercial Mortgage / Business Acquisition or Equipment Leasing requests. We look forward to hearing from you.

www.financingdesk.com

Posted in Commercial Bank Underwriting, Commercial lending, Commercial Loan Rates, Commercial Mortgage Trends, Guaranteed Loan Investments, Uncategorized, Underwriting | Tagged , , , , , , , , , , | Leave a comment

Loan Approved – Start-up Juice Bar

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ICA SECURES a commitment to lend at 75% financing for the Start-up of Juice Bar in the suburbs of Tennessee. The loan proceeds are going to be used for interior build-out, start-up expenses, working capital and ALL CLOSING COSTS!

ICA and the financing desk, leading resources in today’s mortgage industry SECURES $150,000 for an independent Juice Bar in the suburbs of Tennessee. ICA and its South EAST based investor were able to deliver this no-call / no-balloon loan in times when many other independent companies are not able to get Start-up capital. The customer was delivered a 10 year term and 10 year amortized loan at a 6.00% interest rate. The loan comes with NO prepayment penalty and NO SBA fees. The loan also comes with working capital.

At the financing Desk we utilize our national network of direct lenders to provide financing solutions that meet our clients’ specific needs. We work with many local and national direct lenders across the country who are familiar with the desk and understand the needs of our clients. Our company has been built on a pillar of integrity and loyalty. We welcome your Commercial Mortgage / Business Acquisition or Equipment Leasing requests. We look forward to hearing from you.

www.financingdesk.com

Posted in Commercial Loan Rates, Commercial Mortgage Trends, SBA 7A Trends and Update, The Economy | Tagged , , , , | Leave a comment

Unsecured Business Lines of Credit

IVANHOE CAPITAL ADVISORS UNSECURED BUSINESS LINES OF CREDIT PROGRAM

      BUILDING BUSINESS CREDIT
Do you have clients that have been in business for years and don’t even realize that business credit even exists? What is business credit and how can you help your client establish their business credit? Clients may be wondering why, after being in business for a long time, should they being building their business credit now?

Here are a few questions your clients should ask themselves:

  • Have I ever been declined for a business loan or financing?
  • Could I use a business line of credit for working capital?
  • Do I need, now or in the foreseeable future, to lease equipment?
  • Am I currently stuck having to personally guarantee every loan?
  • Would I like to obtain easy, fast approvals on credit cards for my business?
  • Do I currently receive the most favorable credit terms from vendors?
There’s an unfortunate lack of useful information available on how to finance your business, especially when it comes to building business credit that will allow you to finance, operate and expand … without putting your personal finances, or your family’s very future, in jeopardy.

When you apply for credit for a business, most creditors will pull your business credit report. This credit might have been used for anything in your business … from credit cards … to loans … to equipment.

And what happens if they pull your business credit report and there’s nothing there? They’ll rely on your personal credit to guarantee
your request. If there’s no business credit file, they’re not able to lend as much credit to your business. One of the main reasons you need a business credit report is the ability to receive more funding.
Here’s another reason that you need to build business credit: to
save money! This is the most important reason. By building business credit you can save yourself and your business money.

Building a strong business credit rating is vitally important to your success. Without it, you’ll pay much more (in higher interest rates) for the money you borrow … if you can borrow at all. In fact, banks – which say they want to help small business owners – actually turn down over 97% of all business loan applications. They don’t make it easy!
Wells Fargo claims, “The longer you delay establishing business credit, the longer you delay taking advantage of business loans.”

How does this work? Here’s an example:

Let’s suppose that you need $100,000 for your business. What we’ll do is establish and match your company with multiple accounts with 5-6 different lenders. Once your approved for $100k and make your payments on time these accounts will report to your business credit profile. That will help establish and build your corporate credit and receive the best offers in the near future! 

UNSECURED BUSINESS LINES OF CREDIT PROGRAM
 

Program Details

  •  Interest Rates as Low as 8.99%
  • Unsecured/ No Collateral
  • No Restrictions on Use
  • Funding in as Little as 15 days
  • No Upfront Fees
  • Lines Will NOT Report to the Personal Credit Bureaus
  • 0% Interest for the First 6 to 12 Months
  • Secure up to $75,000 for Start-up Businesses
Unsecured Business Lines of Credit Recent Closings
  • Construction company approved for $53,000
  • Professional organization approved for $130,000
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LOAN CLOSING!!!!!!

ICA CLOSES a commitment to lend at 65% LTV for the refinance and cash-out of a Mixed Use Property located in the South West section in the state of Pennsylvania. The loan proceeds are going to be used for property improvements and working capital.

ICA and the financing desk, leading resources in today’s mortgage industry CLOSE a commitment to lend for $675,000 for a North East based Commercial Real Estate company. ICA and its NORTH EAST based investor were able to deliver this loan in times when many others say NO to cash-out. The customer was delivered a 2 year term and 20 year amortized loan at a 5.20% interest rate. The loan comes with NO prepayment penalty and NO Bank fee’s. The loan also comes with working capital.

At the financing Desk we utilize our national network of direct lenders to provide financing solutions that meet our clients’ specific needs. We work with many local and national direct lenders across the country who are familiar with the desk and understand the needs of our clients. Our company has been built on a pillar of integrity and loyalty. We welcome your Commercial Mortgage / Business Acquisition or Equipment Leasing requests. We look forward to hearing from you.

www.financingdesk.com

Posted in Commercial Loan Rates, Commercial Mortgage Trends, Uncategorized | Tagged , , , , , , , | Leave a comment

Need Working Capital for your business?

IVANHOE CAPITALS WORKING CAPITAL PROGRAM CLOSE IN 2 – 3 DAYS!

     GET THE CASH ON HAND YOUR BUSINESS NEEDS TODAY, INQUIRE NOW!    

Working capital is one of the most difficult financial concepts for the small-business owner to understand. In fact, the term means a lot of different things to a lot of different people. By definition, working capital is the amount by which current assets exceed current liabilities.

Most businesses need short-term working capital at some point in their operations. Retailers must find working capital to fund seasonal inventory buildup. Other businesses may need working capital to fuel a marketing program or meet payroll deadlines. Some business just like having cash on hand for on the run opportunities. A small business can never have enough working capital. Cash is king these days so why not apply an grab some!

   IVANHOE v THEM                   

 

 

  • MOST ALL business industries
  • NO UCC filings
  • Loans for poor FICO scores
  • Simple paperwork ONE PAGE APPLICATION
  • Closing within 2 to 3 days
  • Renewable loan options available

 

Whether you have good credit, bad credit, tax liens, or have been rejected by banks, Ivanhoe Capital is here to help you get the working capital your business needs. Contact us today, and see what a working capital loan from Ivanhoe Capital can do for your business. 

      • Dog wash Franchise needing money to buy more equipment

         

      • Roofing Contractor needing funding for a new job they will be starting
      • Logistics company needing to fund payroll

         

      • Veterinarian needing funds for a new laser scope purchase
      • Fitness Company needing funding to buy 10 used Elliptical machines

         

      • Motel franchisee needing funding to replace carpets
      • Restaurant needing additional working capital for payroll

 

WE WANT TO HELP YOU WITH YOUR WORKING CAPITAL LOANS

Minimum Loan Amount:                                 $5,000

Maximum Loan Amount:                                $500,000

Term:                                                              4 to 24 Months

Time in Business:                                           6 months minimum

Credit Score:                                                  550 (BK >12 months)

Collateral:                                                       UNSECURED

Funding:                                                          48 to 72 hours

Posted in Commercial Mortgage Trends | Tagged , , , , , , | 1 Comment

LOAN APPROVED – Miami, FL

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ICA SECURES a commitment to lend at 75% financing for the Start-up of Midwest based Fitness Franchise in Miami, FL. The loan proceeds are going to be used for interior build-out, start-up expenses, working capital and ALL CLOSING COSTS!

ICA and the financing desk, leading resources in today’s mortgage industry SECURES $130,500 for a South East based Franchisee of Midwest based Fitness Franchise. ICA and its South EAST based investor were able to deliver this no-call / no-balloon loan in times when many other franchises are not able to get Start-up capital. The customer was delivered a 10 year term and 10 year amortized loan at a 6.00% interest rate. The loan comes with NO prepayment penalty and NO SBA fees. The loan also comes with working capital.

At the financing Desk we utilize our national network of direct lenders to provide financing solutions that meet our clients’ specific needs. We work with many local and national direct lenders across the country who are familiar with the desk and understand the needs of our clients. Our company has been built on a pillar of integrity and loyalty. We welcome your Commercial Mortgage / Business Acquisition or Equipment Leasing requests. We look forward to hearing from you.

www.financingdesk.com

Posted in Commercial Loan Rates, Commercial Mortgage Trends, SBA 7A Trends and Update, Uncategorized | Tagged , , , , , , , , | Leave a comment