Using business equipment and personal residence for collateral, we raised $360,000 low interest loan for a company recently taken over by the son of the founder. The business was not bankable due to cash flow and credit issues and the client had numerous turndowns before turning to NTIB. We provided consulting assistance to properly prepare the financials to get the approval.
We raised $100,000 of unsecured credit using the good credit of the family to purchase a restaurant in NY.
We provided advice during the purchase and reduced their cost of merchant services upon completion of deal.
We provided a very low interest loan against the clients small stock portfolio and then used his excellent credit to get him unsecured credit to provide the remainder of the funds need for him to secure a packaging/mail franchise in CO.
Deal to refinance non-current debt and provide additional working capital to upgrade a portion of the land for sale.
Under three year old commercial trade contractor with local public jobs that they are paid via GCs. Was able to raise up to 80% of their current A/R. Was particularly interesting as contractors, especially in NY, are very difficult to get A/R funding for.
We raised $150,000 of expansion capital for a janitorial service in Florida. Based on their excellent history, the owner’s good credit profile, and potential for growth we obtained an unsecured loan for 5 years for this firm. Only a business UCC and a typical personal guarantee were required. No property liens or mortgages were needed. Given the low payments due to the length of the loan the company will have an easier time growing their business.
A company providing emergency services to retails chain needed funds to even out their cash flow due to the seasonal nature of their business. Accounts receivable financing would have been much more expensive and cumbersome for them to manage. Our product was a straight three year loan and will allow them to focus on their clients and not worry about their daily cashflow. No mortgages or equipment liens were required.
We raised capital for this client with an excellent credit history that quit his job to start this retail service business. We were able to get him a 10 year low interest SBA loan and the only security was a standard UCC filing. Bank based their decision on the owners credit history, and strength of his business plan. No hard collateral was required
Client with excellent business history and good credit needed additional cash to invest back into a marketing and operations improvement campaign. Challege was that the business has lost money the past three years and traditional lenders turned him down for lack of cash flow. One of our national lenders accepted the risk based on his history and low loan to value of his building and stong financial strength. We worked closely with the owner to overcome several challenges during the process and closed the loan while the owner was still in his winter home and not available locally.
CT client with good credit and high value home had two old mortgages that needed to be replaced but did not have the usual personal cash flow to qualify for standard bank financing. As with many small business owners his personal and business funds were closely tied making it difficult to prove cash flow. Worked with the client to deal with the many challenges that arose and closed a mortgage close to bank terms with a small national lender.
10 Year Low Interest Unsecured SBA Loan for Insurance Agency in NY
In just a few weeks of document production and no upfront costs - client had funds wired into his account. Client had excellent credit and a profitable business but no hard collateral. Needed funds to smooth out uneven cash flow. Client now has a long term low interest loan that has a very low monthly payment.
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