Private Business Loans:
What You Need To Obtain Them

private business loans

There are different options available for securing private business loans these days. However, when it comes to choosing loans for starting your own business, banks and other lending institutions may not be the best choice.


Typically, the type of loan that is offered will mainly depend on your business requirements and the length of time that you might have been in business. In case of business owners who have already established their presence and require additional funds for expansion, may find it easier to acquire loans from private lenders. 


At the same time, a detailed and sound business plan with projections of profits and expenditures may provide a good idea about your business to the private lenders. It can help in boosting the confidence of private investors, if they know that their funds can help in generating future returns from your business.


This is especially true if you are just starting out your new business venture. Private lenders may be more to willing to assist individuals, who come from a similar commercial and financial background and have a good understanding of the business. 


However, from your side, you need to do good research on the different kinds of private lending companies available in the market who may be willing to offer private business loans to meet all your financial requirements.

Requirements For Getting Private Business Loans

If you need to obtain private business loans from hard money lenders, then you need to provide some amount of guarantee to them in the form of collateral. This can be one of the vital factors that can affect the decision making process of the private lenders, while approving loans to individual borrowers.


In addition, you need to have a solid business plan ready that can be shown to the private lending companies so that they can have good confidence in your debt repayment capabilities.

 

Some private lenders may also require you to provide a personal guarantee for acquiring any kind of business loans. However, this may not apply for individuals who have established a solid business presence over the years and have a credible history.


Compared to angel investors or venture capitalists, you do not have to give up your stake in business to third party investors in case of private hard money lenders. 


Most of the private lenders do not rely solely on credit scores of the individual borrowers and hence seeking business loan approvals may not be an issue at all. If you are able to demonstrate good business and credit standing, then it is easy to secure private business loans for meeting all your long term business goals. 

Tips For Applying For Private Business Loans

-Draft A Business Proposal


If you are planning to apply for a private business loan, then you need to have a solid business plan that provides a good insight to the lenders on your product offerings. You must be able to prove that you have a deep understanding of the market and state your business objectives clearly.


A sound business proposal must include a good summary that gives an overview of your plan, financial and competitor analysis, future growth projections with contingency plans in place. 


In addition, it may be important to provide detailed information on all these different aspects of business to give a clear idea to the lending agencies about the profitability and growth of your business. 


-Good Research and Documentation


It may be a good idea to provide a well-prepared documentation highlighting the budget of your project, financial projections along with the equity position and market trends. This will aid them in the process of decision making while approving loans for your business and instill confidence in the minds of the investors.


If you are planning to venture in to a new area of business, then you can provide a comparative analysis of industries working on a similar line of business to them. 

 

-Specify Your Loan Repayment Schedule


 If you are looking for a quick approval of private business loans, then you need to provide a good time frame to the lenders for repaying back your loan debts.


It may be helpful to include any collateral that serves as a guarantee for repaying your loans. In this way, your loan lender can be certain than they may be able to acquire their funds using the collateral, in case of default in loan repayments. 


Business Funding Advisors Is YOUR Source For Private Business Loans

private business loan app

At Business Funding Advisors, we offer a variety of solutions for those requiring loan assistance by providing private business loans at competitive rates. Our years of experience, with in-depth knowledge of the lending business, can assist you in making smart investment decisions in the most viable sectors of the economy.


We handle all kinds of commercial finance lending scenarios for our customers and provide the right solutions to suit every business. 


If you need a private business loan for your organization, fill out our quick form below. We 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

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Return to Private Lenders from Private Business Loans


Private business loans are available in:


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

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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

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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

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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

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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

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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

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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

_________________________


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