BUSINESS LOANS!!! Despite the turbulence out there economically and politically, there are a LOT of people rolling stock market money into small businesses, and businesses ARE growing, expanding, and starting. That is what we closed a lot of last month. We are quickly becoming the place to go for business loans-whether it is debt consolidation, private money, or start up money-we have the money businesses need. Give me a call today at 512-358-1511 to discuss your particular needs. Here are some examples of what we can do; these loans all closed last month.
$2,200,000 Purchase of Brazilian Restaurant!
Location – Georgia
A guy from Brazil with no experience and his mom, who owned a restaurant in Brazil back in the day, wanted to buy a restaurant that did not show profitability on its taxes to qualify for this purchase. But the sellers sent thousands back home to Brazil and wrote it off under the cost of goods. We tracked all these wires, were able to add them back, and qualified the restaurant. This was a business-only purchase, and the borrowers put 20% down. Most sources would deny them if for no other reason than the extra work that needed to be done, but not us…. we go the extra mile to get the deal done!
$1,300,000 Purchase of a Medical Clinic!
Location – St. Petersburg, FL
The borrower had no experience and good credit, but limited credit. He did have high outside income, and his wife had worked in the field back in the 1990’s in Brazil. But the business did have cash flow, we kept a key employee on, and were able to get this business only purchase done at 90%! Again, our broad range of lenders, all with different appetites, allows us to get deals done that most banks would pass on. But we get it done!!!!
$500,000 Start up Franchise Loan!
The borrower wanted to start up and open two Glow Franchise locations at the same time, and we were able to accommodate the request. Most banks struggle to do even one start-up, let alone two at the same time. But the borrower was solid, the business plan made sense, and we were able to get it done at 90%!!! Most franchise start-up loans are 80%, but with great credit and a solid franchise, we can get 90% done routinely FOR startups! It is amazing you can start a business through a franchise with only 10% down and, in many cases, get working capital equal to or greater than your downpayment. I wish this were available when I graduated back in the 80’s, I would have owned a restaurant business…LOL We are a total business solution. One call does it all-call me today at 512-358-1511.
We are not just business loans; we bring the same creativity and depth of knowledge to real estate loans as well. We have unlimited capital for real estate-based loans, up to $50 Million or more. So if you or anyone you know has a business or commercial loan need, give us a call at 512-358-1511. Commercial Capital, the place to go when the banks say no!
Karen Schimpf
(512) 358-1511
karen@applycommercialloans.com
P.S. If your commercial loan is maturing and your bank won’t renew or is requiring a large paydown , your tax returns may be the problem, not your property or business. When today’s debt service coverage ratios are calculated against low taxable income (after write-offs, depreciation, or 1099 averaging), even a well-performing asset can fail the test. There are refinance programs designed specifically for this situation, qualifying on actual cash flow rather than what the tax return shows. If you’re facing a maturity date in the next 6–18 months, let’s talk before it becomes urgent. Call (512) 358-1511 or visit ApplyCommercialLoans.com.