Business Speed Loans.

For business owners and and real estate buyers who need money fast!

• Loan amounts of $100K to $20M
• Fast track minimum paperwork process
• Funds payable in 5 – 14 days.
• 1 - 36 month loan terms.
• Short term rates as low as 7% with qualifying collateral.
• Low fees which can be rolled into the loan.
• Start up period interest payments can be rolled into the loan
• Easy alternative non conventional collateral accepted.
• Zero income earning collateral can be accepted.
• 65% loan to value (LTV) and up to 70% LTV in some cases.
• 100% LTV with additional collateral.
• An unsecured business line of credit can be used for the LTV shortfall.
• 2nd position loan options available.
• Loan programs available for FICO’s as low as 400.
• Available in all 50 states as well as Mexico.
• Nationwide lenders who listen, understand and deliver.

What is a Business Speed Loan?

For business and real estate owners who need money fast, a Business Speed Loan is one that can be funded faster than a conventional commercial loan. Typically it is asset based thereby requiring much less effort to put together than traditional bank loans and therefore the perfect solution for time sensitive or even emergency transactions. Business Speed Loans are also known as short term commercial hard money or asset based bridge financing, often used as a temporary solution until more permanent financing can be arranged.  

Business Speed Loans are able to finance transactions and situations and borrowers that are not usually accommodated by conventional banks and lenders such as;

• Higher risk business acquisitions 
• Business or real estate development, rehabilitation, renovation, and conversions
• Partner and lease disputes and buy outs,
• Business restructurings
• Turnarounds
• Debt consolidation.
• Bankruptcy resolutions.  
• Higher risk refinancing
• Solutions for borrowers in distress
• Business, real estate and other asset purchases
• Foreclosure avoidance
• Property Tax lien and judgment payoffs
• Bank workouts
• Quick Closings to Secure Opportunities

Business Speed Loan qualifying guidelines.

We introduce the most effective Business Speed Loan lenders in the US who are able to customize and provide Business Speed Loan packages to meet our client’s business, real estate and hard asset needs. The guidelines for these loans are as follows;

• A variety of conventional and non conventional collateral can be acceptable such as accounts receivable, equipment and machinery, publicly traded stock, boats and planes, machinery and equipment, royalties and real estate.
• Loan amounts must be between $250 000 to $20,000,000.
• Terms must be between 1 month to 36 months.
• Borrowers must be comfortable with interest rates that can range from 7% per annum (for qualifying conventional collateral) to 1% - 1.5% per month (for unconventional collateral), which can in some cases be included in the loan.
• Success fees, origination points, appraisal costs, underwriting fees and closing costs are payable.
• LTV ratios are based on the “quick sale” value of the collateral and can be as high as 65% LTV (lower amounts apply to raw land and empty buildings) and even as much as 70% in some cases. An unsecured business line of credit can be used for the LTV shortfall.
• A Clear exit strategy is essential for approval.

Our Business Speed Loan Process

The first step is for you make contact with us to discuss your Business Speed Loan requirements. - 

You can do this by either describing your loan requirements on-line or by calling us on 1-800-0284. After considering your requirements, we will advise you on what loan products are available for you to apply for contingent upon you providing us with data and documents to support what you have told us. If you then choose to proceed, we will send you our Fee Agreement.

You start the process by approving our Fee Agreement. -

By approving our Fee Agreement, which defines our success fee (payable on funding at closing), you show good faith to work with us and put us to work to source and secure your a loan.

You set up an appointment for our processor to complete your Loan Request Forms. –

Our processor will call you to gather your data, complete your Loan Request Forms, ask you to provide certain documentation and process your request.

We process, underwrite and prepare your loan request package -

We will process your data, make the necessary underwriting adjustments and then prepare a professional loan request package which we will submit to our Business Speed Loan Lenders.  

You approve your loan program  –

A Business Speed Lender will respond by offering you a loan quote which will include a schedule of loan terms and conditions that you must meet as well as schedule of lender due diligence, legal, title fees and underwriting expenses due on application and lender origination points due at closing.

Our lender processes your loan –

Our lender will then do the necessary due diligence to ensure that your loan conditions are met before issuing you with a final approval.

Our lenders have minimized the paperwork involved in the lending process to meet our clients’ tight financial deadlines. Often, only fast track, short-form appraisals will be ordered and in many cases our lender’s insurance carrier will provide the environmental insurance coverage, thereby eliminating the need for a time consuming Phase II environmental report.

Your loan closes.

Once you have received our lender's final approval, you will proceed to closing. Throughout this brief process, a lender representative will work closely with you and keep you informed. The end result is that you will get the service you want, and the funding you need, when you need it.

 Get started now by describing your loan requirements on-line or by calling us on 1-800-879-0284.
No Social Security Number or bank Account Numbers required

Frequently Asked Questions

In which states do your lenders lend?
Our lenders lends in all 50 states as well as Mexico.

How quickly can a lender issue a letter of interest?
Within 48-72 hours after us submitting your loan request, our lender will issue a letter of interest and loan quote or decline the opportunity.

Do you or your lender charge upfront fees?
No, neither we or our lenders charge upfront fees. However, our lender does collect due diligence fees which is for appraisals, surveys, legal, title fees and underwriting expenses. These fees are only payable when you sign and accept our lender’s quote. At closing, these fees are shown on the closing statement and unused fees are credited back to you.

Are the due diligence fees refundable if I decide not to go ahead with the loan after I have already signed and accepted the lender’s quote?
No, the fees are not refundable. Once you have signed and accepted the lender’s quote you have committed yourself to the loan and the lender, attorney, appraiser and title company will start spending time and money processing your file. You should not commit yourself to the loan process if you have any doubts.

When will I get the money?
Our lender can usually fund within 10 working days after receiving all loan-related documents.

What do I have to provide to get the money? Is it as much as the bank requires?
Our lenders have minimized the paperwork involved in the lending process to meet our clients’ tight financial deadlines. They often order only fast track, short-form appraisals and in many cases their insurance carrier will provide them with environmental insurance coverage, eliminating the need for a time consuming Phase II environmental report. They also often accept available supporting collateral documents to reduce the time for funding.

Do I have to provide proof of my personal income?
No, the loan is asset based and our lender will strictly look at the subject collateral and the rent roll of income producing properties.

Are there any pre-payment penalties?
There are no pre-payment penalties except for one of our programs which has a 6 months pre-payment penalty.

Will I qualify if my FICO score is very low?
Yes, you can qualify for a Business Speed Loan with a score as low as 400 although the LTV, rate and points are influenced by your score. For instance, a low FICO sore of 400 will only qualify for a 40% LTV loan while a high FICO score of 700 will qualify for a 65 - 70% LTV loan.

What does it cost? Our success fees and the lender origination points (payable at closing), range from 2% of the amount funded and upwards depending on the risk involved in the loan or the complexity of the transaction.

How much interest is charged?
Interest rates can be as low as 7% for 30 day terms (usually for income producing properties) and can be as high as 18% depending on the term, collateral and risk factor.

Do you offer unsecured Business Speed Loans?
The only unsecured business loans that we offer are Unsecured Business Lines of Credit $50K - $250K.

Do you consider the after-repair / improved value of collateral in computing LTV?
No. Our lenders look at the AS IS value or if recently or to be purchased, the purchase price, whichever is lower. For example, if the collateral is worth $100,000 AS IS, our lenders will lend up to $70,000 subject to the type or collateral and risk.

What collateral is acceptable?
A variety of conventional and non conventional collateral can be accepted such as accounts receivable, equipment and machinery, publicly traded stock, boats and planes, machinery and equipment, royalties, and real estate.

How soon must the loan be paid back?
Our Business Speed Loan terms range from 30 days to 36 months.

What if it will take a while for the property or business to start making payments?
Depending on the type of transaction, interest costs for the first few months can be rolled into the loan.

Is collateral without income acceptable to the lenders?
Collateral without income is acceptable in some cases provided that terms for the payment of interest and amortization is acceptable to the lender. Sometimes interest and amortization can be paid up-front in the origination of the loan.

Do you offer loans for acquisition and development?
Yes. However, we define development as rehab, not ground-up construction

Will your lenders lend in second mortgage position?
Yes, but only if all of the following conditions exit:

• The first mortgage balance cannot exceed $500,000.

• There are no restrictive clauses in the first mortgage documents prohibiting payoff which means that the lender must be able to pay off the first mortgage in the event of default.

• The first mortgagee must permit secondary financing

• The first mortgagee must be aware of the second position loan and be willing to inform the lender  of delinquency.

• The combined LTV cannot exceed 50%.

• The borrower must have a FICO score of 700 or higher.

 Get started now by describing your loan requirements on-line or by calling us on 1-800-879-0284.
No Social Security Number or bank Account Numbers required

Self storage.

Office building.

Office building.

Warehouse.

Mixed use.