Private Loans:
Your Best Option For Funding Your Business

Private loans- In times of financial crisis, a person requiring quick loan assistance may not be able to obtain immediate funds from banks and other lending institutions. There might be other sources for seeking private loans including friends, relatives or neighbors but there is no guarantee that they will be able to meet your loan requirements.


On the other hand, private hard money lenders may prove to be the best option and may be more than willing to provide loans at competitive rates. Besides, they can be more lenient, when it comes to meeting their lending requirements. 


Understanding The Process Of Obtaining Private Loans

Before you consider approaching hard money lenders for private loans, it may be necessary to know how exactly the whole process works. Most of the private money lenders charge a slightly higher rate of interest as compared to other traditional lending institutions.


The loans are generally given on a short term basis and the interest rates can typically range from 12 % to 20%. In the majority of cases, the private money lenders ask for some kind of collateral in the form of real estate.


In addition, individuals are required to furnish all the details pertaining to the property that is offered as collateral. Private lending companies prefer to have a good inspection of the property personally and once they have completed assessing the property, they may set the terms and conditions of the personal loan.


The loan amount is determined by using the loan to value ratio based on the full value of the property used as collateral. 


Most of the private lenders offer around 65% of the value of the property as the loan amount. These loans are sanctioned with a pre-condition that the property can be seized by them, in case of the loan defaulting by the individual after the given time has elapsed.


In addition, the private lenders may also require other documents, including proof of your monthly income such as bank and related financial statements. 

How To Ensure Private Loans From The Best Service Providers

The main difference between private lenders and other institutions is that these agencies are looking for sound business opportunities, while providing private loans to the individuals.


They are generally willing to invest in riskier type ventures provided they find the business proposal to be very lucrative and offering them with some good returns. Private lending agencies are a safe bet as they never demand any ownership in your business and will act as financiers for your company.


With a more flexible repayment schedule and less stringent terms and conditions, you can expect to get quicker and faster loan approvals. 


However, you need to be careful in approaching private lenders as there may be many fraudulent agencies that may ask you for some advance fees for processing your loan applications.


They may charge exorbitant rates of interest and lead you to a debt trap by resorting to unethical means. Hence it is always better to do a good background check and seek suitable references of trusted private lenders who will be able to offer the best possible financial assistance.

Solid Solutions For Securing Private Loans

It may be challenging to find reliable and trustworthy private lenders who may be willing to offer you quick loan assistance. Most of the leading and well-known private lenders maintain a low profile as they are more keen on working with individuals with solid business proposals.


Besides, there are different methods for approaching the best private lenders through business brokers/agents who might be able to set up meetings with these private agencies through their contacts

Some private lending agencies may also advertise their services through classifieds in the newspapers or online. You can also seek referrals from business associates or friends who may have used the services of private money lenders. Sometimes, banks and other financial institutions may be willing to share information about some of the leading private loan lenders. 


Business Funding Advisors is a leading and reputable agency that specializes in providing commercial loans to business owners. We offer different kinds of loans at competitive rates with various options to meet specific requirements of our customers. You can get the best advice for your business from our leading team of experts who deal with different aspects of commercial lending. 


If you need a private 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 Loans


Private 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

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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

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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.

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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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