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Wednesday, July 28, 2010

Funds that are available for your business.

Currently, new financial products have hit the market as the world turns to rebound out of the recession.  Financing is now available for new and existing business for projects below $5M as well as financing > $5M.  Under $5M criteria is simple. 
  • Project must be for profit.   
  • Project must be for business acquisition, FF & E or development of commercial real estate.
  • Guarantor must have a history of cash flow. 
  • 3 years tax returns for existing business.
  • 5 years experience in the industry for new business.
  • Must have a prepared financial package with projections.
  • Minimum Loan requirement of $50K.
  • Must create 1 employee per $50K.
  • Credit must have legitimate explanations for negative hits.
  • High risk industries are not eligible.
Provided that you can meet this criteria for your project please don't hesitate to contact me at your earliest convenience.  Closing can take place in as little as 2 weeks to 30 days.  All projects that are >  $5M  have the same criteria and can close in 45 to 90 days. Any one that needs assistance or that is interested in applying submit project to .

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