FREQUENTLY ASKED QUESTIONS
Get answers to common questions about financing and capital solutions
How long does the loan approval process take?
Most loan applications are reviewed within 5-7 business days. Commercial real estate and larger loans may take 2-3 weeks. We prioritize efficiency while ensuring thorough underwriting. Providing complete documentation upfront accelerates the process.
What credit score do I need to qualify for a loan?
Most business loans require a minimum credit score of 680-700. However, DSCR loans and asset-based lending programs offer more flexibility for borrowers with lower credit scores, focusing on property performance instead. Contact us to discuss your specific situation.
What documents do I need to provide for a business loan?
Typical requirements include: business tax returns (2 years), personal tax returns, business bank statements (3-6 months), profit/loss statements, balance sheets, and personal financial statements. For real estate, appraisals and property documentation are required. We'll provide a complete checklist with your application.
Are there prepayment penalties?
Most of our loans have no prepayment penalties, allowing you to pay off your loan early without additional costs. Some special programs may have short prepayment windows. We'll clearly disclose any restrictions in your loan agreement.
What is a DSCR loan and how does it differ from traditional loans?
DSCR (Debt Service Coverage Ratio) loans evaluate your ability to repay based on the property's income rather than personal income or credit score. This makes them ideal for real estate investors with strong rental properties. We offer DSCR loans as an alternative to traditional mortgages.
Can I get a loan if my business is new?
Yes. We offer startup financing for new businesses with strong business plans and demonstrated market demand. Loan amounts may be smaller initially, and we may require personal guarantees. SBA loans are also available for eligible startup ventures.
What interest rates do you offer?
Interest rates vary based on loan type, amount, term, credit profile, and current market conditions. Commercial real estate typically offers lower rates than unsecured business loans. We provide competitive rates and will quote specific rates after reviewing your application.
Do you finance commercial property purchases?
Yes. We specialize in commercial real estate financing including office buildings, retail properties, industrial warehouses, multifamily complexes, hospitality assets, and mixed-use properties. We also offer construction financing and bridge loans.
How much can I borrow?
Loan amounts vary by program. Business loans range from $25,000 to several million. Commercial real estate loans are typically $500,000+. Your specific borrowing capacity depends on your financial strength, the property/business, and market conditions.
What happens if I have poor credit?
We offer alternative lending solutions including DSCR loans, asset-based lending, and secured loans. These programs evaluate your ability to repay based on property income or collateral rather than credit score alone. Contact us to explore available options for your situation.
HAVE MORE QUESTIONS?
Contact our team to discuss your specific financing needs and get personalized recommendations.
CONTACT US