Could an Asset Based Loan Be in Your Future?

The last twelve months have been a roller coaster. If you are in a customer facing service industry, it may have been downright disastrous.

While business may be on the upswing now, and the near-term future a bit brighter, it’s going to take time to dig out. As a business owner or real estate investor, you may have delayed much needed projects around your property.

Now you’re ready to move forward, but what to do if your goal requires borrowing money? Banks have tightened their standards, or with some industries stopped lending to them altogether. You may have hit some financial bumps that prevent an easy answer…until now.

 

An asset-based loan may be the answer

If you’ve been through the underwriting process at a local bank (with no result), don’t despair. It may be hard to believe, but there could be an easy solution.

Asset based loans emphasize a property’s value and income generating potential. No more roadblocks from bumps in your credit history, or lack of W-2 or tax return verified income.

Is your real estate a single family house? Apartment building? A commercial or mixed-use property? You may have enough equity or rental income to borrow strictly on it without regard to outside factors.

Business owners may want to buy a warehouse for a new venture without an established credit history. Or a successful fix and flip investor may hit a seasonal slow period causing erratic income. An inconsistent or undocumented revenue stream will be a big hurdle with a traditional loan.

 

Simplicity is the solution  

If these situations sound all too familiar, Preferred Capital Funding may be your solution. We have several programs based only on the collateral being pledged, not your outside financial condition. The application process is quick and stress-free. Asset based loans are far less complicated and therefore simpler to fund.

Call us today at 770-648-8100 and let’s get started on your real estate goal.