How To Get  Approved For Commercial Loans In Idaho

If you are thinking of applying for commercial loans in Idaho for your business be sure you understand all the criteria and what you need to get approved.


There are several traditional lenders looking for great borrowers, but with today's slow economy, finding borrowers that meet these strict guidelines are getting harder to find.


Many businesses are struggling to make ends meet, and with traditional commercial bank loans, the borrower often has to wait months, even as long as a year, to get approved for a commercial loan. 


This leaves the borrower in more trouble. With the debt piling up, in addition to slow cash flow, companies can go out of business, or get too deep to swim out.


Finding a private lender in Idaho often comes with fewer requirements, shorter evaluation periods, and faster funding to help save your business.


Below are some other types of Idaho commercial loans from private lenders that may help your business to succeed.


Finding Bridge Loans in Idaho

Bridge loans offer many advantages for businesses. Chief among them is the opportunity to obtain funding when your business is between major investment payments, or even between management changes.


This type of loan is there to provide your business with capital to keep your business operational  until you can get more substantial funding.


A bridge loan is a short-term loan that is provided to the borrower, usually between 1-3 years.


It is also provided without a finished payment cap, allowing the company time to make payment without incurring penalties if the payment is passed due.


In addition, consider an Idaho merchant cash advance or an Idaho working capital loan, as another short term loan solution.


These might be especially attractive, since they're unsecured loans, requiring no collateral or personal guarantees. They also tend to fund very quickly: usually within a few days, rather than weeks or months.


These loans are also attractive for businesses with bad or damaged credit.



Getting a Construction Loan in Idaho

If you are looking for a business loan to help fund your construction project finding a private lender is your best option for commercial loans in Idaho. Why?


Traditional lenders often don't do these type of loans, simply because they are often considered high risk.


It is the job of banks and other financial institutions to reduce what they consider high risk borrowers, simply because there is a greater risk they might not be able to pay back the loan. 


This doesn't mean the business doesn't have an otherwise viable project. It simply means that traditional lenders often have very conservative lending guidelines, and construction projects might be deemed outside of their comfortable risk margins.


Private lenders, on the other hand, are a little more flexible, and weigh more factors, when it comes to high risk loans, and being a high risk borrower doesn't necessarily rule your business out for a possible approval. 


Construction commercial loans in Idaho are sometimes called “story loans,” meaning that the lender can approve your project based on the soundness and feasibility of the project itself.


This gives you a better chance at having your project approved. The key is to prove to the lender that your project is based on a solid business plan, and with a sound exit or payback strategy.



Idaho Geographical & Regional Locations


Idaho is known as “The Gem” state and has over 1.5 million residents.


Idaho is ranked 39th in the United States in population and only 44th in the US in density. This means that Idaho has more land when it comes to land/resident ratio.


In 2012, 1/3 of the US potato production came from Idaho.


Boise

Coeur d'Alene

Eagle

Nampa

Twin Falls

Kuna

Meridian

Lewiston

Mountain Home


Idaho Falls

Post Falls

Chubbuck

Pacatello

Rexburg

Ammon

Caldwell

Moscow

Hayden



Private Lenders and Hard Money Loans in Idaho

If you're seeking commercial loans in Idaho, the consultants at Business-Funding-Advisors.com are here to help you.


Our extensive network of private lenders provide different options, one which will benefit your business.


If you are looking for commercial loans in Idaho, or simply looking for answers on hard money, bridge loans, or other types of business loans, fill out our short quote form below.


One of our consultants will contact you within 24 hours.



QUICK COMMERCIAL LOAN APPLICATION


We provide FREE, no obligation evaluations, with no upfront costs, or expensive fees for approval to our private lender programs.


- Minimum loan amounts (for commercial building projects): $100K with no maximum.


(Loans approved for commercial only, not single-family residential projects.)


- No pre-payment penalties on programs offered.


We will respond to your loan application within 24 hours!


Commercial Loan App

Please note that all fields
followed by an asterisk
must be filled in.

Please enter the word
shown below.

  

New! Comments

Have your say about what you just read! Leave us a comment in the box below.

Merchant Cash Advance and

Working Capital Loan Programs

are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


Commercial loans are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware,

 Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


COMMERCIAL LOAN PROGRAM HIGHLIGHTS


Commercial Real Estate Programs

· Lending Area: Nationwide & International


· Loan Size: $100,000-no maximum


· Rates as low as 3.74%

· up to 90% LTV


APPLY HERE

______________________


Commercial Development & Construction Loans

· National & International


· $2MM-$50MM


· Interest Rate: 5-9% Fixed (1% for churches)


· Amortization: up to 25 years


· Zero fees


· Points: Up to 3%, paid at closing


· Term: 5 yrs; also can structure a construction to permanent loan with interest only during draw down periods.


APPLY HERE

___________________


Hard Money Loans Rates and Criteria:

· Loan Size: $100K-$100MM


· Lending Area: National & International


· Collateral: We lend to mainly on commercial real estate, including raw land and development projects


· Interest Rates: 7-14% (rates depend on collateral)


· Amortization: Interest only


· LTV: Up to 80%

· Origination Fee: 1-4%

· Closing time: 1 week to 30 Days


APPLY HERE

___________________


Bridge Loans

· Loan Size: $1MM-$15MM


· LTV: Up to 75%


· Rate: 5-7%


· Term: 1-3 years, Interest Only


· Property Types: Office, Retail, Industrial, Multi-Family, Manufactured Housing, Condominiums, Self Storage, Special Use, Hospitality, Assisted Living/Congregate


APPLY HERE

___________________


Unsecured Business Lines of Credit

· $25,000-$100,000 (start up businesses with no established revenue and business owner with good credit)


· $100,000-$500,000 (established businesses w/ revenue of $1MM or more; no collateral if good credit and financials)


· 0% intro rates on business credit card solutions, to 1-5% over prime for large credit lines.


· No "subprime" unsecured lines


APPLY HERE

___________________


Click Here To Apply for A Business Cash Advance or Working Capital Loan


Bank ACH or Credit Cards


90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

___________________


Restaurant-Retail, 
Small Business Loan Program


  • · Unsecured Loans up to $1,000,000 per location

  • · No Collateral Required

  • · Minimum Annual Sales: $150,000

  • · Minimum: 550 FICO

  • · Must be in business at least 1 month to document sales

  • · Loan amounts below $150,000 require NO tax returns or financial statements


APPLY HERE

_________________


Customer Finance Programs for Businesses

· Can finance your customers down to a 500 FICO;

can finance your turndowns from your current credit provider


· Instant online credit processing and approval


· E-signature capabilities


· Can purchase or collect bad debt portfolios


· Industries include: Medical, Dental, Jewelry Retail, Furniture, Memberships, Private school tuition, Security/Alarms, Vocational Schools, Travel, etc.


APPLY HERE

________________


Click Here to Apply for

A Private Lender Commercial Loan


- Zero upfront costs, zero fees for approval to our programs.


- Minimum loan amounts: $100K for commercial building projects, with no maximums.


- No pre-payment penalties on programs offered.

_________________


Click Here To Apply for A Merchant Cash Advance or Working Capital Loan


- Bank ACH or Credit Cards


- 90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

_________________________


Contact Us


If you have a question or comment, fill out the form below. If a response is needed we will contact you within 24 - 48 business hours. Thank you.

Don't worry -- your e-mail address is totally secure.

Please note that all fields
followed by an asterisk
must be filled in.

Please enter the word
shown below.