BUSINESS-unsecured business lines of credit, unsecured term loans, working capital,
business only purchase (no real estate),start-ups
COMMERCIAL-start-ups, cash-out refi, private/hard money,gas station/c-stores
Franchise-start-up, equipment for new franchise,working capital, territory purchase,
term loans,
Private/Hard Money-up to 70% (usually 50-60%)up to 5 yrs. %only, all business types,
Contractors/Transportation/Medical-accounts receivable factoring
Monday, May 30, 2011
Quick Unsecured Loan Overview:
UBLOC-unsecured business line of credit-similar to business credit card
Amount-$10k to 100k-if partner's-up to 200k
Credit: 720+, 45% revolving credit utilization, no negatives of any kind
Income-stated or projected if start-up
Rates-8%-12.99%
Initial period-no interest for 6 months or very low teaser rate
Repayment-revolving but generally 1-2% of outstanding amount
Access-business credit card, debit card, check, cash request
Fees-4-5%
Funding: 3-8wks
Used For: Any business purpose, especially working capital, start-ups, franchise purchases, combination with other financing
Time in Business: No seasoning but business identity (ein#) required
Amount-$10k to 100k-if partner's-up to 200k
Credit: 720+, 45% revolving credit utilization, no negatives of any kind
Income-stated or projected if start-up
Rates-8%-12.99%
Initial period-no interest for 6 months or very low teaser rate
Repayment-revolving but generally 1-2% of outstanding amount
Access-business credit card, debit card, check, cash request
Fees-4-5%
Funding: 3-8wks
Used For: Any business purpose, especially working capital, start-ups, franchise purchases, combination with other financing
Time in Business: No seasoning but business identity (ein#) required
Sunday, May 15, 2011
Business Loan Overview:
Here are some of the lending niches available to Business Owners:
UNSECURED BUSINESS LINES OF CREDIT: $25k to $250k. Very good credit required but no
income verification and can be used for any business purpose. Works great for start-ups, working capital, funds needed to close a deal with seller financing.
Microloan to 25k for any business purpose. Start-ups fine. Installment loan.
Business installment loan to 50k. 6 months in business required. Credit to 600.
Unsecured business line of credit to 100k. 3 yrs of business required.
Private/Hard money loans for investment,cash out, commercial property. 5 yrs. interest
only, 50-80% ltv, rates 8-11%. Creative use of equity such as combining other collateral, using market value rather than purchase price. Qualifying usually from
business cash flow of property. Credit not usually an issue.
Equipment financing. Sale/leaseback for start-ups to 30k. Otherwise, usually 100%
financing of equipment costs.
Gas station underground tank financing. Installment loans over 5-7 years.
Seller held notes-secured and unsecured. All considered with some seasoning-usually
minimum of 6 months.
UNSECURED BUSINESS LINES OF CREDIT: $25k to $250k. Very good credit required but no
income verification and can be used for any business purpose. Works great for start-ups, working capital, funds needed to close a deal with seller financing.
Microloan to 25k for any business purpose. Start-ups fine. Installment loan.
Business installment loan to 50k. 6 months in business required. Credit to 600.
Unsecured business line of credit to 100k. 3 yrs of business required.
Private/Hard money loans for investment,cash out, commercial property. 5 yrs. interest
only, 50-80% ltv, rates 8-11%. Creative use of equity such as combining other collateral, using market value rather than purchase price. Qualifying usually from
business cash flow of property. Credit not usually an issue.
Equipment financing. Sale/leaseback for start-ups to 30k. Otherwise, usually 100%
financing of equipment costs.
Gas station underground tank financing. Installment loans over 5-7 years.
Seller held notes-secured and unsecured. All considered with some seasoning-usually
minimum of 6 months.
Sunday, May 1, 2011
More Reasons We're Needed For Financing:
Read the following and give me a call. Not many choices out there. Our niche programs
can make the difference-Jim-941-356-7511
Business Financing
How to Finance a Business Purchase
There still aren’t too many ways to finance the purchase of a business.
Here are the primary methods:
Buyer Financing:
Some buyers may have the cash available to purchase the business. Some may elect to use equity in their residence or other real estate. Others may have other assets that they can sell or borrow against.
Bank Financing:
Banks may lend against a buyer’s assets as described above. They may also lend against the assets of the business, assuming there is sufficient value to support the loan. The business will also have to make sense to the bank, regardless of the asset value. In fairness to the banking system, many of the figures supplied by business owners have very little relationship to the actual earning power of the business.
Venture Capital Firms:
These firms do not, as a practice, lend to small or even many mid-size businesses unless tremendous growth is anticipated. They also usually expect an equity position in the company.
SBA Loans:
What is the SBA? The SBA is the United States Small Business ADministration that has been in exisistence since the 1950’s. The 7a SBA program allows customers to obtain financing for a variety of reasons which includes business acquisiton financing. This financing allows banks to offer more favorable terms than are normally available. In fact, some banks offer terms of up to 10 years with no balloon payment and no prepayment penalties on these business acquisitons. In addition, business acquisitions that include the commercial real estate can be financed for longer fully amortizing terms.
SBA Checklist | SBA Document Checklist | Insurance Requirements | Landlord Requirements
SBA have become more popular. There is now some competition among lendors for these loans. Many banks offer them, but the preferred SBA lenders seem to have the upper-hand in both acceptance and service.
Other Sources:
This category includes family, friends. credit cards, and leasing companies. Some suppliers hae been known to assist in the financing of a small business.
Seller Financing:
This is, by far, the largest source of financing available for the purchase of a business. Many industry experts say about 90 percent of small businesses sell with, or perhaps, because of, the seller financing a good portion of the sale price. Buyers have much more confidence in the decision to purchase a business when the seller is willing to assist in the financing. The buyer has confidence that the seller believes that the business will service the debt, in addition to providing a living wage.
(This information was taken from the Today’s Business Scene newsletter copyright 2001 Business Brokerage Press)
can make the difference-Jim-941-356-7511
Business Financing
How to Finance a Business Purchase
There still aren’t too many ways to finance the purchase of a business.
Here are the primary methods:
Buyer Financing:
Some buyers may have the cash available to purchase the business. Some may elect to use equity in their residence or other real estate. Others may have other assets that they can sell or borrow against.
Bank Financing:
Banks may lend against a buyer’s assets as described above. They may also lend against the assets of the business, assuming there is sufficient value to support the loan. The business will also have to make sense to the bank, regardless of the asset value. In fairness to the banking system, many of the figures supplied by business owners have very little relationship to the actual earning power of the business.
Venture Capital Firms:
These firms do not, as a practice, lend to small or even many mid-size businesses unless tremendous growth is anticipated. They also usually expect an equity position in the company.
SBA Loans:
What is the SBA? The SBA is the United States Small Business ADministration that has been in exisistence since the 1950’s. The 7a SBA program allows customers to obtain financing for a variety of reasons which includes business acquisiton financing. This financing allows banks to offer more favorable terms than are normally available. In fact, some banks offer terms of up to 10 years with no balloon payment and no prepayment penalties on these business acquisitons. In addition, business acquisitions that include the commercial real estate can be financed for longer fully amortizing terms.
SBA Checklist | SBA Document Checklist | Insurance Requirements | Landlord Requirements
SBA have become more popular. There is now some competition among lendors for these loans. Many banks offer them, but the preferred SBA lenders seem to have the upper-hand in both acceptance and service.
Other Sources:
This category includes family, friends. credit cards, and leasing companies. Some suppliers hae been known to assist in the financing of a small business.
Seller Financing:
This is, by far, the largest source of financing available for the purchase of a business. Many industry experts say about 90 percent of small businesses sell with, or perhaps, because of, the seller financing a good portion of the sale price. Buyers have much more confidence in the decision to purchase a business when the seller is willing to assist in the financing. The buyer has confidence that the seller believes that the business will service the debt, in addition to providing a living wage.
(This information was taken from the Today’s Business Scene newsletter copyright 2001 Business Brokerage Press)
Thursday, April 28, 2011
Recent Deals:
Gas Station-Convenience Store Unsecured business line of credit: $120k
Private Mortgage 65% ltv for purchase of gas station-convenience: $300k
Micro working capital loan-unsecured for existing franchisee: $50k
Working capital for existing business-unsecured: $90k
Receivables purchase for new business purchase: $35k
To discuss possible scenario's, call Jim: 941-356-7511
Private Mortgage 65% ltv for purchase of gas station-convenience: $300k
Micro working capital loan-unsecured for existing franchisee: $50k
Working capital for existing business-unsecured: $90k
Receivables purchase for new business purchase: $35k
To discuss possible scenario's, call Jim: 941-356-7511
Wednesday, April 27, 2011
Need Seller Financing? Private Mortgage Better
Private Mortgages for commercial projects:
LTV- 50% to 80%
5 years interest only
8%-11%
l year PPP
Also-No seasoning on seller held mortgages on commercial property.
Give Jim a call for immediate pre-qual.
941-356-7511
LTV- 50% to 80%
5 years interest only
8%-11%
l year PPP
Also-No seasoning on seller held mortgages on commercial property.
Give Jim a call for immediate pre-qual.
941-356-7511
Monday, April 25, 2011
What is Dragon Seed Capital?
With 20+ years lending experience, I have developed some niche and non-conforming lenders for business and commercial loans:
Unsecured Business Lines Of Credit-good credit required but useful to raise capital for any business purpose, including start-up, working capital.
Gas Station, convenience store loans, with or without real estate. Niche and Private
lenders.
Business equipment-new and used
Business loans to $50k-unsecured and with 600+ credit.
Gas Tank installation financing.
Of course, many other types of financing available. Please give me a call anytime
at:
941-356-7511
Jim Teague
Unsecured Business Lines Of Credit-good credit required but useful to raise capital for any business purpose, including start-up, working capital.
Gas Station, convenience store loans, with or without real estate. Niche and Private
lenders.
Business equipment-new and used
Business loans to $50k-unsecured and with 600+ credit.
Gas Tank installation financing.
Of course, many other types of financing available. Please give me a call anytime
at:
941-356-7511
Jim Teague
Monday, February 14, 2011
UBLOC-Unsecured Business Line of Credit
Need seed capital for a business purchase or trying to fund a start-up? Consider UBLOC-
Unsecured business line of credit. Borrowers with a 700+ credit score can usually obtain from $50k to $150k within 4-6 weeks with no income proofing. Since this is an
unsecured business loan, this niche works well to fund the "gap" between seller
financing the capital needed to close.
Please call me today for a free pre-qualification.
727-346-8272
941-356-7511 cell
941-296-7322 fax
jimteague1915@gmail.com
Unsecured business line of credit. Borrowers with a 700+ credit score can usually obtain from $50k to $150k within 4-6 weeks with no income proofing. Since this is an
unsecured business loan, this niche works well to fund the "gap" between seller
financing the capital needed to close.
Please call me today for a free pre-qualification.
727-346-8272
941-356-7511 cell
941-296-7322 fax
jimteague1915@gmail.com
Franchise Financing:
If you are considering a franchise opportunity and wondering how to finance the cost,
consider a unsecured business lines of credit. Many potential franchisees find a
capital shortfall between available funds and/or franchisor financing available.
The UBLOC program will usually provide $50k to $150k for borrowers with 700+ credit.
Additionally, the franchise doesn't have to meet bank and or sba approval terms (which
can be very difficult or lengthy). Funds are typically available in 30-45 days and
can be used for any business purpose, including franchise fees, start-up costs, inventory, improvements etc.
Get in touch any time to discuss.
727-346-8272
941-356-7511 cell
jimteague1915@gmail.com
consider a unsecured business lines of credit. Many potential franchisees find a
capital shortfall between available funds and/or franchisor financing available.
The UBLOC program will usually provide $50k to $150k for borrowers with 700+ credit.
Additionally, the franchise doesn't have to meet bank and or sba approval terms (which
can be very difficult or lengthy). Funds are typically available in 30-45 days and
can be used for any business purpose, including franchise fees, start-up costs, inventory, improvements etc.
Get in touch any time to discuss.
727-346-8272
941-356-7511 cell
jimteague1915@gmail.com
Sunday, February 13, 2011
DIY (Do It Yourself) Business Credit Improvement
Most business owners and people interested in starting/purchasing a business give up
on financing when they learn their credit is an issue. We can point you in the right
direction by showing you how to contact the reporting agencies (experian, transunion etc.) and to examine your credit file. You would be amazed at how much you can improve
your credit scores.
Contact me any time.
727-346-8272
941-356-7511 cell
jimteague1915@gmail.com
on financing when they learn their credit is an issue. We can point you in the right
direction by showing you how to contact the reporting agencies (experian, transunion etc.) and to examine your credit file. You would be amazed at how much you can improve
your credit scores.
Contact me any time.
727-346-8272
941-356-7511 cell
jimteague1915@gmail.com
Bank alternative financing available:
And I am not talking about "hard-money" lending from "arm and a leg" lenders. Unsecured
business line of credit is available if you have a 700+ credit score and no serious
previous credit issues (such as Bk, f/c, etc.)Also, if your credit is just a little
on the low side or have some issues to clear up to qualify, I might be able to help.
Usually can get 50k and up to 150k for any business purpose.
Contact me anytime:
727-346-8272
941-356-7511
941-296-7322 fax
jimteague1915@gmail.com
business line of credit is available if you have a 700+ credit score and no serious
previous credit issues (such as Bk, f/c, etc.)Also, if your credit is just a little
on the low side or have some issues to clear up to qualify, I might be able to help.
Usually can get 50k and up to 150k for any business purpose.
Contact me anytime:
727-346-8272
941-356-7511
941-296-7322 fax
jimteague1915@gmail.com
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