Business only transactions up to a $5 million loan amount.

We are really moving into a dual market that we are uniquely positioned for, a market dominated by SBA/Government loans on the one hand and, private funding sources on the other.

We have our own private money, and many of the best sources available.  We have about 100 lenders that do SBA and, are aggressive in that space.  So the two main trends in commercial, we are in great shape with.  In fact, 90% of our closings this year have been SBA or private money.  So we have access to sources.  We have a proven track record and, we are uniquely positioned to kick some tail in this market.  It is exciting.

There has been an incredible tightening amongst the banks regarding business only loans where there is no real estate collateral.  The government regulators have the banks running scared regarding these “unsecured” loans.  Even the strongest deals, that cash flow like crazy, are tough to get done once you get over $500,000 in business only assets.  Even with the SBA approval.  Last Thursday night, that changed.

We have been working on a non-bank lender that had just gotten SBA approval and is closing a large Papa John’s deal for us-$3.3 Million loan amount all business only, no real estate.  I had been working on them for months to start doing these for another franchise.  So last Thursday night, we were having our call to hopefully finalize the approval process.  They are a private money lender who focused on the Hotel and Restaurant space but, earlier this year finally got approval to do SBA loans.  Because they are a NON-Bank Lender, they don’t have the same fear of business only transactions.  They have no reserve requirements.  They just don’t like loans under $500,000.  Long story short, I got the OK to send them our Franchise deal but, then THEY DROPPED THE BOMB-just last Thursday, they had gotten the OK to start looking at business only SBA 7A deals across ANY market.  So I ran my $3 million business only car wash deal by them and, they loved it.  I could not find anyone to do that loan without the borrower coming to close with almost $2 million.  These guys will do it.  THIS IS HUGE…. So give me a call to get this done or any others like it (949)371-9947.

Bill Nugent

Office (949) 371-9947

Mobile (760) 807-0733

Fax (949) 613-8509

ViiCapital@gmail.com

http://www.ViiCapital.com

We have been working hard to master the commercial realm, help businesses and, investors get money for income and, growth.  Each closing is a victory.  Another life changed.  If you know anyone that might need money to grow their business or money to buy a commercial investment for their long term financial goals – give me a call.  We are here to help and, have more PROVEN resources for funding than anyone in the country.  Call us today at 949-371-9947.  We are getting money for people – one client at a time.  Call for help with your next commercial loan-TODAY.

Posted on July 6, 2012, in Commercial, Uncategorized. Bookmark the permalink. Leave a comment.

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