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Volume 7, Issue 2 March, 2017
March 09, 2017

Here is your latest issue of BM$ Success Newsletter – the companion newsletter to the "Business-Money-Source" website.

New Lending Program For 2017

Business Money Source has established relationships with several funding sources that offer specialized business financing.

Short-Term Rehabilitation/Construction Loans

These are commercial hard money loans that target owners and investors in commercial real estate property such as 5 or more unit apartment buildings, office buildings, mixed use buildings, strip malls, warehouses, self-storage, gas stations and service stations. Minimum loan amount is $200,000 and up with no appraisal needed. This lender will lend up to 70% of the After Repair Value (ARV). Example: If the ARV is $1,000,000 on your apartment building, then you could get a rehabilitation/construction loan for $700,000.

This Funding Source will also make Cash Out loans of 50% Loan-To-Value (LTV) on completed properties. Example: If your property is worth $1,000,000 with no existing liens), then you can theoretically take out $500,000 in cash for 12 months.

The cash out loans require a minimum FICO score of 630. The minimum loan amount is $30,000. Interest rates for these loans begin at 9.99%, which is within the current range for short-term hard money loans. These Rehabilitation/Construction and Cash Out Loans may be closed in as little as 7 business days, once all documentation has been submitted.

This Lending Program Cannot Be Used To Fund The Following:

Property Developments, Cash out on raw land, oil or natural gas exploration or development or water rights financing.

100% financing for purchase/rehabilitation/construction is NOT available. You, the borrower, must some investment in the property for the deal to work. The Rehabilitation/Construction loan program is available in 44 states and Washington, D.C.

This lender will not lend on properties in Alaska, Hawaii, Idaho, Maine, North Dakota and South Dakota. If you have a property in one of these six states, Business Money Source has other funding sources that may provide the funding that you need.

Send a short Executive Summary of your Rehabilitation/Construction loan requests to: info@business-money-source.com and Business Money Source will work to arrange financing that is acceptable to you.

This Month’s Business Survival Tip

How to Pre-Qualify For A Working Capital Loan

Have you been in business for 6 months or more and need a short term business loan or a business-line-of-credit? Do you have a credit score of at least 700 and want to grow your business but need funding? If you answer, “yes” to either question then stop banging your head against the bank’s brick wall and go to the www.Business-Money-Source.com!

Apply online at one of several convenient locations on the website to get the money that you need within a 5-7 days. Fill out the “Contact Us” form or email: info@business-money-source.com to get more information our business money programs.

This particular working capital funding source will place primary importance on the current financial strength of your business. The credit rating of the owner(s) will be also a primary factor in the whether or not your business will qualify for a working capital loan or business line-of-credit.

Loans for up to $150,000 or more are available with the following Criteria.

· Must be a legal existing operating business (no start-ups) in the U.S.A.

· Must have a separate business bank account from owner.

· Must have monthly revenue of at least $10,000 per month.

· Must have at least 3 months of business bank statements.

· Must present picture identification with completed loan application.

Fill out this short form to begin the process for getting the working capital or business line-of-credit that you need: http://tinyurl.com/BMSBF2110.

Please use the following links to get started in funding your business or project.

For commercial hard money loans:

http://www.business-money-source.com/hard-money-loan-form.html

For Short-term working capital loans:

http://www.business-money-source.com/short-term-business-loan-form.html

For other business loans:

http://www.business-money-source.com/business-loans-form.html Let us know what topics you would like to see covered in BM$ Success Newsletter.

Back Issues for BM$ Success Newsletter

Please feel free to contact me by the methods listed below, with any questions that you may have about the various loan programs offered by Business Money Source, LLC.

I look forward to assisting you or your clients in acquiring the business financing that you seeking.

Sincerely,


ConUsPage2

Jim Bullock, Managing Member

Business Money Source, LLC

jim@business-money-source.com

(804) 396-3040

Fax: (804) 781-4971

Twitter: bizmoneysource

Facebook.com/businessmoneysourcellc


Friends of Business Money Source

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------------------------------------------------------------ Send your ad info to: info@business-money-source.com

Let us know what topics you would like to see covered in BM$ Success Newsletter.

Advertise Your Business in BM$ Success

You as a subscriber are invited to give your business free online exposure. Free advertising just for the asking! Just send a brief description of your business and the products or service you offer. State whether you are local to a specific region or a national or international company. We will place your info in the next issue of BM$ Success. Don’t forget your contact info or to spell check your ad!

Send your ad info to: info@business-money-source.com Any Questions:

Let us know what topics you would like to see covered in BM$ Success Newsletter.

Be sure to check business money news page daily on business-money-source.com for updates. Also friend us on Facebook and follow us on Twitter!

Until next month!

Sincerely,

Jim Bullock

Business Money Source, LLC P.O. Box 16096 Richmond, VA 23222

(804) 396-3040

“Your One Stop Online Business Information Source” www.business- money-source.com

Twitter: @bizmoneysource https://www.facebook.com/BusinessMoneySourceLLC

Disclaimer: The content contained in the BM$ Success Newsletter is provided for informational purposes only. It is incumbent upon the user of the information to seek appropriate financial and/or legal counsel before entering into any financial transaction. Business-Money-Source, LLC nor its' principals are in no way liable for your financial transactions. See the “Disclaimer” and "Terms of Use and Privacy Policy" pages on the Business Money Source website for further explanation.

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