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Volume 11, Issue 3 September, 2021 September 07, 2021 |
| Greetings Valued Associate, The Business Money Source newsletter, formerly known as "BM$ Success Newsletter", has a new name! Here is your latest issue of "Biz Money Now!" – the companion newsletter to the Business-Money-Source website. This Month’s Featured Business Financial Product: Real Estate Financing For Investors and Commercial Property Owners – Part 1Volume 11 Issue 3---------------------------------------- September, 2021
Observe COVID 19 Precautions!Practice social distancing, wash hands and face frequently, get vaccinated as soon as possible and always wear a mask where required.Business Money Source works with both private lenders and banks to provide various kinds of commercial and investor real estate financing for almost any project here in the United States. Many of the funding sources can finance property in all 50 states. Even if one lender is restricted for doing business in a particular state there are other lenders who can finance your project.Here are two categories of real estate financing that Business Money Source can arrange for you: Real Estate Investor Loan Program (USA Only)This lender caters to smaller investors who may be seeking to purchase or refinance a property. This program is great for fix and flip ground-up construction, fix to rent, bridge loans and lines-of-credit.Property Types Funded: These loans are good for 1-4 unit rental properties, AirBnB’s, mixed-used and multi-family properties. Loan Amounts: Minimum: $50,000 Maximum: $2,000,000 Loan Term & Interest Rates: Loan underwriting will depend on the loan type, property type and financial situation of the borrower. You will be quoted tentative loan term and interest rate options after your initial application and accompanying documentation is received and reviewed. Special Feature: W-2 wage earners can apply with at least 2 years of tax returns and W-2 for a 100% fix and flip loan. Available in CO, FL, IL, IN, KS, MD, MO, NC, NJ, NY, OH, PA, SC, TN, TX & VA. Click the link below to begin your application:
Hard Money Loan Program (USA Only)The loan program places more emphasis on the value of the property and the Loan-to-Value (LTV) rather than the financial history of borrower. This allows properties and projects to be funded that would otherwise be declined. However the downside is that these loans are expensive in terms of interest to compensate for the increased risk to the lender.Property Types Funded: These loans can be used for usual residential and commercial non-owner occupied 1-4 units, 5+ units & mixed-used properties but also unusual and diverse properties such as goat farms and coal mines! Loan Amounts: Minimum Amount: $100,000 Maximum Amount: $3,000,000 - Up to $15,000,000 on solid clean properties Loan Term & Interest Rates: This is a short-term loan of 12-month Interest Only payments. Interest rate starts at 8.75%. Special Features: No FICO restrictions – Your credit score is not a problem! Loan approval within 24 hours after all required documentation has been submitted. Additional Long-term rental loan program for non-owner occupied 1-4 units, condos, townhouses. 75% LTV, 6.25% interest rate for 30 year fixed term. Minimum FICO score of 680 is to qualify. Click the link below to begin your application:
Note: Due to the dynamic of the real estate finance industry and the volatile situation of the U.S. economy during the COVID 19 pandemic, the loan programs described in this document may change or be discontinued without notice. Look for Part 2 of “Real Estate Financing For Investors and Commercial Property Owners” in the next issue of the "Biz Money Now!" Newsletter. What Are Our Clients Saying?"Jim with Business Money Source was incredible in helping me find funding for my business, especially with the challenges faced due to Covid and my unique financial situation. In spite of said challenges, he was still able to help me acquire funding to get started. I look forward to continuing to work with him as business progresses. ~KCT"------------------------------------------------------------ "Jim is very responsive to any contact you make. Just email him and he's there for you." M.O. This Month’s Business Survival Tip:Business Credit Cards (USA Only)Credit card limits from $25,000 to $150,000 0% Interest for 6 to 12 months Some benefits of a Business Credit Card: No minimum of time in business Stated income Reports only to the business credit, doesn’t show on personal credit report No upfront fees What you will need to apply for a Business Credit Card: 700+ personal credit scores in all 3 bureaus 2 years personal tax returns showing $50,000 or more taxable income Must have a business entity What if your credit score is less than 700? Do you have a business partner, spouse or friend with a credit score of 700 or higher who can co-sign for you? If you do, then you may still get funded! Click the link below and fill out the short secure form to apply for a business credit card: BMS_Working_Capital_Application Questions Or Comments On Other Business FinancingGo to the Business Money Source website and fill out the contact form with any questions or comments that you may have:ConUsPage2 Your information will not be shared or traded with any other business or private entity. More Links To Get Started In Funding Your Business Or ProjectFor other business loans:For corporate turnaround and debt restructuring for your business:
Know Someone Who Is Seeking A Business Loan Or Real Estate Financing?To register as a Referrer and refer a business loan request:Let us know what topics you would like to see covered in BM$ 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 www.pinterest.com/bizmoneysource/boards/ Friends of Business Money SourceAdditional resources to enhance your business and your lifestyle:----------------------------------------------------------- Capricorn City The Hangout For Writers and Storytellers Do you have a story to tell? Like to write poetry? Do you enjoy or would like to review music, movies, or television shows? Interested in getting your works published? www.capricorncity.com is the perfect place to get your work seen by readers around the world. Please feel free to contact James Bullock at jabfas@gmail.com if you have a desire to let the world discover you. ---------------------------------------------------------------
Advertise Your Business in BM$ SuccessYou 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.comAny 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 Facebook: 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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