Category Archives: Texas home loan home loan Texas Blog 16: Hard Money Loans with Your Texas Mortgage Broker

Alternative Business Loans Arizona Entrepreneurs Best Option

Exploring alternative business loans, Arizona start up and small business owners could be surprised by their options. There are many reasons that an alternative loan could be your best choice.

Traditionally, when a business owner needs money to fund a startup or to grow a fledgling business, the first stop is their local bank. But there can be many hurdles to overcome when seeking a loan from a traditional lender. Alternative lenders provide business loans Arizona small business owners actually have a chance of securing and that is just one of the many benefits that they offer.

There are two main benefits to working with an alternative lender. The first is that the approval rates are much higher than a traditional lenders and the second is the fast approval and funding time frame. As an independent entity, there is not the mile of red tape to slog through with most alternative resources so borrowers enjoy a much better customer service experience for the most part and a higher success rate.

When alternative lenders offer business loans, Arizona borrowers will discover that the lenders tend to be more flexible on terms as well as qualifications for the loans. Alternative loans are therefore a good option for a business looking to finance inventory or for working capital which is not something that banks will approve. In addition, the alternative lender is not as likely to require that the business owner use personal assets as collateral for the loan. Which offers the borrowers more confidence in the lender and personal security as well.

Personal Credit is Not an Issue

Poor personal credit is often a factor that will derail business loans Arizona business owners are seeking. Banks are not willing to process a business loan without a deep dive into the personal financial status of the company owners and even some of the other major officers of the company. That is not an issue for alternative lenders as they are primarily interested in the merits of the business and not the owner’s personal finances.

Time is On Your Side

Anyone who has applied for any type of loan from a bank knows that the process can be long and arduous. A personal mortgage loan can take weeks to process. But a business loan application can actually drag out for more than three months. By the time a bank is willing to fund a business loan, the need for the money could be gone, the opportunity could be lost and the business could even be floundering. Business deals are often time sensitive, but traditional lenders tend to overlook that fact. Great opportunities to grow a business don’t appear every day, so business owners need to be prepared to act when the opportunity arises. Securing a loan from an alternative lender is a great way for an Arizona business owner to maximize an opportunity to expand, diversify or land a huge client that might otherwise have gotten away.

Dennis Dahlberg
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177 NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Time to Talk to Your Texas Mortgage Broker?

Conventional smooth money loans are nice. When you will get one. Banks are particularly tight fisted
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proper now when it comes to giving money to those that need to use it for property. Banks are, as everybody is aware of, presently below quite a lot of scrutiny.
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Nevertheless, so are you. So as to even get within the door of the workplace of a loan officer at a financial institution you want an impeccable credit score rating and that’s a bit of troublesome to purchase. It could not even actually exist anymore. Individuals have had such a troublesome time recently as a result of the economic system has been tough. You might have already spoken to your Texas mortgage broker about how hard it has been for you. They could have informed you not to get a conventional loan, they may have informed you that there’s one other means. That’s when a hard money loan would are available in.
Your Texas mortgage broker may say to you that you simply don’t want to fear about your credit score as a result of with a hard money loan you don’t want to even take into consideration your credit score. It should not be a blip in your radar as a result of you’ll have a private money lender joyful to hand over the money with lots much less of a fuss than what it takes to get a conventional loan.
Your conventional loan goes to additionally take lots longer to obtain than your hard money loan, which will likely be fairly quick and provide the period of time you want. Not a shortened timeframe like a conventional loan. Don’t worry the time period ‘hard money loan’ as a result of you will notice that it might be the perfect factor that ever occurred to you and the property you are attempting to flip, buy, or save. Bear in mind to look into hard money loans.

Texas Hard Money

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Dennis Dahlberg
Level 4 Funding LLC

Tel:  (512)-516-1177 Austin Texas | Fax: (888) 279-6917
NMLS 1057378 | AZMB 0923961 | MLO 1057378
111 Congress Ave Suite 400
Austin TX 78701