What Types of Business Money Loan Seekers Should You Look For?
Business Money "One Million Dollar Summer" (Part II)
- Commercial Real Estate Purchases and Refinancing
$1,000,000.00 and up
$2,000,000.00 minimum for single tenant buildings
$10,000,000.00 minimum for multiple tenant buildings - Domestic and International Business Loans (Apartments, Industrial, Office, Manufacturing)
$350,000 minimum, $500,000 and up preferred
$5,000,000 - $50,000,000 (sweet spot) - Energy, Utilities, Minerals, Mining, Oil and Gas
“Shovel Ready” projects minimum $10,000,000
$50,000,000 - $300,000,000 preferred
$2,000,000,000 (billion) max. - Aircraft Financing ($250,000,000 available)
Single aircraft financing
Fleet financing - Funeral Home Financing $100,000 minimum
- Small Business Loans ($5,000 - $100,000)
Minimum credit score of 680
Time in business (minimum 1 year)
Collateral (if applicable)
Can be difficult to find interested lenders/investors to fund these loans
What is the Length of Time From My Referral To The Close of the Loan?
The time is takes to close a particular loan is controlled by many factors: the lender’s backlog, completion of due diligence, cooperation of the borrower, availability of funds, etc. The length of processing time will normally increase with larger more complex financing. A small business loan may close within 10 –14 business days. A typical commercial real estate loan may close in 45-60 days when everything is in place. Larger multi-million dollars loans may require 3 – 6 months or longer.
Return to "One Million Dollar Summer" (Part I)
Please contact Business Money Source via website www.business-money-source.com, email to info@business-money-source.com or call (804) 396-3040 to check on the availability of other types of financing or for categories not described above.
Notice: Busines Money Loan Program availability may change without notice due to the financing requirements of the lenders/investors. Also, all programs may not be available in all areas of the U.S.A. or globally.
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