Tag Archives: business loan

How to Make Money Using Hard Money Loans

Hard money loans are not suitable for every borrowers needs but they are perfect to meet some specific needs. Using this loan correctly can be a great way to grow your wealth.

Nothing in this world is perfect and likewise, there is no single type of loan that is perfect for every scenario. But there are several situations which are tailor made for hard money loans. Understanding the correct time to select a non-traditional loan is the first step to using this financial tool to generate financial security for yourself and your family.

In general, hard money loans have a higher interest rate and therefore the money is costing the borrower more than a traditional loan. But for every negative there is also a positive. And in the case of these private loans, the positive comes in several forms. The first of which is that the loan approval is based on the value of the collateral unlike a traditional loan which requires good credit scores and a strong credit history to secure a loan. Not only does this fact reduce the amount of documentation that a borrower needs to provide but it also streamlines the lenders approval time. All the lender needs to do is establish the current market value of the collateral to determine if the loan will be funded or rejected. This time savings can be critical when you are trying to purchase a property before another buyer makes a better offer.

Private lending options offer borrowers a faster turnaround time, less paperwork and do not rely on personal credit or financial stability. All of these facets of private lending make this a very viable solution when considering deals such as fix and flips, land loans or construction loans. In all three of these cases it can be very difficult to secure traditional finding. And without funding, it is impossible to make these deals and reap the rewards once the project is completed. But using a private lender will allow you to complete the funding and the deal to realize the profit in the end.

How and Why It Works

As you might have noticed, all of these potential money makers are short term investments which are time sensitive. It can be very difficult to secure a loan fast enough to purchase a great fixer upper to flip or to purchase unimproved land for a new construction project. Banks are not willing to lend money for these more risky ventures nor are they willing to expedite your request. But a private lender is willing to work with you to provide more flexible terms and a faster approval and funding to allow you to meet the shorter time line. Then, with the property secured, you can invest some time in finding less costly financing and refinance or you can make the necessary improvements and flip the property quickly for a large profit.

Making Private Loans Work for You

Hard money loans are not the solution for every deal or opportunity. But they do offer certain features which can make them the perfect financial tool to use to make money and increase your financial security. When used properly by a borrower who understands the process, the risks and the rewards, this type of loan offers a great return on investment.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

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

How to Avoid Phony Hard Money Lenders

Some phony hard money lenders have ruined it for a lot of lenders in the industry, as now many are looked at as money sharks. It is important to steer clear of the fake lenders and only deal with the real ones that you can trust.

There are many respectable hard money lenders out there and you can easily spot the fakes one if you pay attention to the red flags. Nothing can be a bigger sign than poor grammar and misspellings in the actual documents. This is one of the biggest signs that you are probably not dealing with a lender in the United States. It is always a smart move to work with a local lender. Also, be cautious of the number of types of loans they offer. You want to find a lender that specializes in hard money. It is usually a scam when a lender offers multiple types of loans like business loans, personal loans, home loans and car loans all in one place.

When it comes to a hard money loan, it usually requires some form of collateral to secure the loan. If you get an unsecured loan, that could be a sign of trouble. You never want to deal with those and also be wary of having to pay any large upfront payments. A large amount required at the beginning of the process is always a bad sign. Usually, only a small amount should be required as upfront payment.

A very low interest rate, ranging between 2 percent to 4 percent, along with no requirement of monthly payments, is also a sign that you should probably not deal with those hard money lenders. There is such a thing as too good to be true and these types of terms is usually what that means. Also, avoid lenders who do not have any websites or establish company emails. Scammers are known to use generic emails like Yahoo, Gmail or Hotmail. There should be no reason that you need to search hard for any proof of their reputation.

All reputable lenders will have a website that contains basic information about them.

It is always a good idea to do your research and homework on any company that you decide to work with when it comes to dealing with finances. The website should always include information about where their physical location is, contact information, information about recent loans they have closed on and reviews. Scammers will often not have a website at all, or try to include as little information as possible. If you are still unsure, you can always check on their licensing. It is not a requirement to be licenses with the Better Business Bureau, but it is always a good sign when they are.

Pay attention to all of the documents and offerings.

Reputable hard money lenders will always be upfront about the programs they offer. They usually provide a sheet listing their terms along with a commitment letter. If you are being pressured on the spot to make a decision right away, then you should probably look for another lender. You will usually be given enough time to do your own research to make the right decision.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

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

Business Loans: Things borrowers should consider.

4page_img8-bigThere are many different types of business loans, but every borrower should understand whether their loan is secured or unsecured and how their loan is structured.

Every business owner should understand whether their loan is a secured or an unsecured loan. Unsecured loans are not secured by collateral. Collateral can be a borrower’s personal property, real estate or equipment. Most business owners won’t qualify for an unsecured loan. Unsecured loans require exceptional credit and an extensive track record of financial success. Therefore most business loans will be secured by collateral. The borrower must pledge some property up front in order to cover the cost of the loan in case of default. Secured loans are common when a lender perceives risk, when a loan is made on a long term basis or if a loan is used for new investments like equipment or real estate.

Every business owner should also understand how their loan is structured. Most commercial loans are issued as “balloon loans.” During the course of these loans a degree of principle may or may not be paid down, but once the loan matures the remaining balance in terms of principle and interest must be paid back. Some lenders will even allow borrowers to offset interest payments, but that means a higher amount of money will be needed once the loan expires. Prior to taking on a business loan, the borrower should understand to what extent their monthly payments will apply to the principle of the loan and whether these payments will pay for the full loan amount once it matures.

The most common type of business loan is a business line of credit. These loans don’t usually require collateral and are rarely structured around balloon payments.

Credit lines are flexible short term loans and help many business owners cover their expenses should their cash flow stall. With a business line of credit a lender extends a fixed amount to the borrower. The borrower then makes withdraws from these funds in order to cover unforeseen expenses or routine costs. The advantage with a business line of credit is that the borrower only pays interest on the amount of money they actually withdraw instead of paying interest on the full loan amount. Interest is usually paid every month and the principle is paid off at the borrower’s convenience. While a line of credit is a flexible arrangement, these loans are intended to purchase inventory or to help a business cover basic expenses. A line of credit should not be used to make a long term investment.

If a business owner is worried about the risk of a balloon payment type business loan, they may seek an installment loan in order to make long term investments.

An installment loan can take on many forms. However an installment loan always entails a fixed monthly payment that covers both the principle and interest of the loan. This helps borrowers avoid the looming deadline of a massive balloon payment. The terms of an installment loan always correlate to its use. A short term installment loan (or a business cycle loan); can have terms of four months to seven years. Installment loans for longer term investments, like equipment or real estate, usually can come with terms up to 21 years. Most importantly installment loans are fully amortizing, making less risky for most business owners.

Business owners should be aware of the differences between a secured and unsecured loan and know whether or not their loan is fully amortizing. To avoid the risk of balloon payment business owners should seek out a line of credit or a simple installment loan in order to cover routine costs or make long term investments.

Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008
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

Business Loan

1page_img2-bigTraditional banks reject approximately 80 percent of those small business owners who apply for a business loan. Fortunately, there are alternatives for businesses in need of an influx of capital and one of those is a private hard money lender.

Since the Great Recession, getting a small business loan from a traditional bank has been akin to winning the lottery. Well, maybe not quite that remote of a possibility, but for those just entering business, it can definitely feel hard at best and near impossible in some instances. In addition to requiring adequate collateral, you also need a great credit score often above 700, a good cash flow and adequate capital to pay off the loan. Many potential borrowers wonder to themselves, If I had all that, I wouldn’t need a loan! But such is the constraints of our time.

Approximately 20 percent of new businesses survive their first year in business. After five years, the rate of both failure and success stands equal at 50 percent. The number one reason businesses fail is due to lack of initial funding and under-capitalization. This is due to either underestimating costs, overestimating the amount of initial sales with their product or service, or deciding to take the plunge regardless of the available capital, or lack thereof. Because of the inherent risk to lenders, many banks have very stringent underwriting rules when lending to small businesses in order to protect themselves. The irony, of course, is that if these small businesses had more capital, they would have a better chance at succeeding.

For those of you who have been in the small business demise group, its best to remember that every failure improves your next chance at success. Michael Jordan, NBA basketball MVP said it well. “I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life and that is why I succeed.”

So Where Does One Obtain a Small Business Loan?

If you have adequate collateral in your business or even in your home, a hard money lender may be the right option for you. These short term business loans can get you up and running, provide the capital you need for expansion, or get you through the low-period of a seasonal business until the customers start rolling in again. These short-term loans are based on your hard-asset so those that may have had some credit issues in the past still have a good chance of qualifying. And the time to funding is much shorter than traditional bank loans, getting you the capital you need in less than a week.

At Level 4 Funding, we work with hundreds of private hard money lenders many of which prefer to invest in small businesses. We offer terms from 3 to 60 months. Call us today for a no-obligation quote.

Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008
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

How a Successful Business Can Benefit from a Business Loan

businessmanEven a successful business sometimes need to find extra financial assistance. There are many good reasons for a business to consider a business loan when in a time of need.

Building your credit score isn’t always easy, but that is where a business loan can help. Everything business strives for a good credit score for many different reasons. If you are in a good place with your finances and business, you want to keep up the momentum by building your credit score. That is because making your payments on time or even early and paying the loan back in full will really boost your credit score.

When your business needs to make a large purchase, it is a wise idea to look into a business loan. Sometimes it is difficult to take a big chunk of money from your cash flow to buy the equipment or other necessities for your business. This way, your cash flow isn’t affected and you will still have the funds to purchase what your business needs. Plus, making payments over time instead of having to make a purchase all at once helps your business manage your finances.

Speaking of cash flow, sometimes your business will boom during certain seasons. It can be difficult to spread that seasonal revenue across the entire year. When your business hits a seasonal slump, you can have peace of mind knowing that you can get extra financial help when you need it, no matter what time of year.

A business loan is also helpful when a successful business decides to expand

Expanding your business is exciting and a good thing, but it can also add up and be an expensive thing. There are lots of things that are needed when expanding your business like more staff and personal, a new space and maybe even more equipment and inventory. All of this could get really expensive and your business may need help upfront to get the new operation going. This is another way a business loan can lend a helping hand to your business. If you are thinking of expanding your business, then take this option into consideration.

There are many ways to benefit from a business loan, but make sure to pick the right one for your business

When it comes to getting extra financial help for your business, there are many options that you can choose from. You want to always do your research and compare your options to know you are choosing the right one for your business. The Small Business Administration is a popular option among many businesses looking for financial assistance. Every business is different along with their needs so there are various types of options to choose from.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008
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

How to Raise Your Business Credit Score to Apply for a Business Loan

credit score at level 4 funding hard money loanWhen you apply for a business loan, often times your business credit score plays a role in approval. But do not stress, there are plenty of things that you can do to boost your business credit score to avoid application denial.

Every business, small or old, big or small, strives for a strong business credit profile. That is because your business credit report can say a lot about your business. Also, it will help avoid having to pay higher interest rates and additional fees when applying for any business loan.

One of the easiest ways to boost your credit score is to make payments on time to creditors. But to boost it even more, try to make payments early. It is reported that a perfect credit score is often assigned to borrowers who make their payments not only on time, but early. The sooner you start doing this, the better because the longer you have a good credit history, the better. Don’t be afraid to use your credit cards either! You want to use them to help increase your business credit score. Just make sure to never max them out!

Of course, public records are going to come into play when raising your business credit score and obtaining a business loan. Anything that might be filed like judgements, liens and bankruptcies are public record and going to be a factor when it comes to approval and when it comes to your credit score. These things could potentially have a negative impact on your credit score and application, especially if anything financially wrong with your business is recorded.

There are benefits to obtaining a business loan from certain lenders, so be picky!

You may not be aware of this, but not all lenders report to credit bureaus. And the best way to boost your credit score is to make sure that all of your early payments are being recognized by the credit bureaus. Since you want to build business credit, the right way to do this is by working with lenders who will report everything to the credit bureaus. Before working with any lender, be up front and ask them before going forward with the process.

Remember, for a more successful chance of getting approved for a business loan, have good business credit!

It is true that your business credit score doesn’t always play a part in obtaining a business loan. But sometimes it will make your chances of approval better, plus it can also give you other benefits. When a lender looks at your credit score and is impressed, they could potentially offer you not only approval for extra finances, but also lower interest rates. If you have history of making payments early, then lenders could also offer you better terms. As long as you are using a lender that reports to the credit bureaus, your hard work keeping your credit score high with making payments early and showing consistent financial responsibly, then you are going to help maintain or build your business credit score.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008
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

How to Get a Business Loan

4page_img8-bigAlthough the process is not always easy, it is far from impossible to get a business loan. Understanding the process will help you to find success in your first application.

Getting a business loan is not as easy as it used to be but that does not mean that you will not be able to get a loan to help you reach your goals. Understanding the process and being prepared can offer you a great deal of peace of mind as you work your way through the process. The first step in being prepared is beginning to seek a loan before you actually need it. Start by building relationships with commercial lenders, learning about the commercial loan industry and educating yourself on the process that you will need to follow when you apply for a loan. During your planning stage, you should be determining how much money you will be asking for and learning which lenders are servicing loan requests of that size.

The preparation stage is also when you need to evaluate your current financial health and apply it to the criteria that lenders are looking for in a borrower. You will need to have a credit score of at least 650 but 700 would look more favorable. Having a score closer to 800 will all but guarantee your business loan approval. Your personal debt to income ration should also not exceed 33%. Also understand that time in business is important. Two years old is still considered a fledgling business and represents more risk than a more established company.

As you begin to pare down your list of potential lenders, evaluate them as you would any other service provider. Selecting a lender who specializes in loans of a similar size and type is always wise. You will also want to consider the lenders proximity to you. A local lender is often willing to assume a slightly higher risk that one that you have found online or are working with remotely.

Complete the Documentation

There is a substantial amount of documentation required for any commercial loan. You will need to present 3 to 5 years of financial statements, bank statements and taxes. In addition you should also be ready to submit your personal financial information if your business is less established or has very few assets. All lenders are going to need copies of this basic information and having it complied and ready to present will eliminate a lot of your stress when completing applications.

Submit and Be Attentive

It is not uncommon for lenders to need additional documents or clarification on the documents that you submit for a business loan. You can ensure that the process remains on track by maintaining communication with the lenders as they are reviewing your application. A call or email once each week to inquire about the status of your application is not being demanding or pushy. It also provides the lender with the opportunity to ask any questions that may have arisen. Being prepared and knowing that the process takes a month or more to complete will allow you to relax once your applications are submitted.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008
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

How to Improve Your Chances for a Business Loan

4page_img7-bigGetting approved for a business loan is not as simple as many business owners think or wish it to be. But following a few tips can greatly increase your odds of getting the loan that you need.

The turbulent economic times of the past decade have made it more difficult for anyone to get a loan and especially businesses. Due to the fact that a business’s financial success or failure is more directly connected to the economy than the finances of a person, getting approved for a business loan has become more difficult. Changes in the economy and political climate can cause the business world to fluctuate quickly and drastically. So it is more important than ever that you make every effort to impress potential lenders in every phase of your application process.

Knowing that you are entering into a rather lengthy process, it is critical that you have a working knowledge of commercial loans and the processes and documents that you will be working with. Gathering information will allow you to prepare your documents as well as your frame of mind throughout the loan application and review. This is also a good time for you to check your credit score and address any issues that you might find. Having a score of at least 700 is pretty much a must and scoring closer to 800 will greatly improve your chances of getting the nod for a business loan.

Documentation and Detail

Understand that your lender is going to determine a lot about you and your business from reading your application and speaking to you for just a few minutes. Being able to use that precious time to create a professional image is critical for your loan approval. Having a detailed plan showing how you will use the money that you are borrowing, how it will help you to make money and how you plan to pay back the money are all important items to communicate to the lender. In addition, a professionally compiled packet of documents shows the lender that you have invested time and effort into creating the packet and that you are serious about your work and the loan that you are requesting.

Introduce Your Team

Growing any business takes time and a lot of work. Doing everything your self can feel efficient to you but others might not see it that way. Presenting your management team and professional advisors can also increase your chances of getting the business loan that you need. A truly wise person knows what they don’t know and is willing to surround himself with smart people who can help him in those areas. Having a mentor or advisor shows that you are smart enough to seek the advice of seasoned professionals. And including the experience of your management team in the loan application process allows the lenders to see that you have designated professionals to assist with all of the management aspects of your business. The strength of a team is always greater than that of an individual and will increase the odds of success for your business.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008
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

Searching Online for a Business Loan

When it comes to getting a business loan, there’s more than one way to secure one. In other words, gone are the days of traditional financing methods i.e. the next phase is all about getting loans online.

Business CardIf this is your first looking into online loans, it is understandable that you may feel like a fish out of water. But, much like it is more convenient to open a checking or savings account online, versus going to a bank these days, applying for a business loan online often takes out a lot of the legwork. For instance, there are dozens of reputable lenders that offer quick solutions to a person commercial or business financing needs.

So, at this point, you may be wondering if it is simply out of convenience that online lending became available? Well, the truth is with the ever-changing economy traditional lenders or rather banking institutions have become increasing wary of lending to small business. Yet, what many larger banks seem to not realize is that any major corporation once started out small and in order to have our economy grow leaving small business to fend for themselves is simply bad business for everyone.

Thus, with that being said, if you own a small or smaller business and are looking for a business loan then it is your best interest to check online lending. Of course, online lending is not for every business, these particular lenders still look for specific requirements that generally newer small businesses, i.e. businesses that have been open for less than a year, simply are unable to meet. If your business has been up and running for more than a year, however, then there is really no reason not to explore all your lending options.

Online Lending and Traditional Lending—The Differences

Besides the online lenders being more flexible with small businesses, they typically require or rather factor in different things than traditional lenders do. For instance, online lenders will take into consideration a company’s social media presence, payments to vendor and so on. Clearly, traditional lenders do not factor these things into their final decision to approve a person for a loan. Moreover, online lenders tend to quickly approve loans, sometimes same day, in comparison to traditional lenders. Ultimately, these are just a few key differences, but, you can see how online lenders often appeal to small businesses.

How to stay Safe and Secure

Lastly, if you are still mulling over the idea of applying online for a commercial loan, it may be because you have safety and security concerns. Well, this is perfectly normal. In order to ensure that you are dealing with a reputable online lender, of course, it almost goes without saying that doing your research will save you a lot of trouble down the line as well as help you determine if online lenders are truly right for you. Thus, if you are looking for a commercial loan that ranges from $5000 to $500,000 over a 3-36 month period quickly and without a lot of hassle, do your research and get your commercial loan.

Happy senior business man making his notes at workDennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC 
Private Hard Money Lender

Arizona Tel:  (623) 582-4444
Texas Tel:     (512) 516-1177
Dennis@level4funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

 You TubeFace Book Active Rain Linked In 

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.


 Free Report The 8 Things You Must Do To Be A Successful Home Flipper






          

Technorati Tags: ,

Is It Time for a Business Loan?

You probably know several successful business people who decide it was time for a business loan one day and the next day their business took off. You may also know people who decided it was time for a loan and absolutely regretted it down the line, so how do you really know when it’s time?

You would be surprised at how many people in your life will have an opinion on you securing a business loan. So who do you listen to? How do you know the time is right? Well, despite having probably dozens of people to discuss these things with, the real answer is you need to know when the time is right for you and your business, which is often easier said than done. Moreover, it is important to remember that the people you should be listening to are those with your and your business best interest in mind, which may or may not be other people in your industry.

hard money personal at phoenix arizona hard moneyClearly, the best option is to speak with your potential lenders, your business attorney and your accountant since this is not an everyday kind of decision. But, nevertheless, you more than likely came here for some clear cut guidance so let’s get to it then. For starters, the best way to know if it is time for a business loan is to ask yourself, why you are even considering securing additional financing in the first place? Are you not sure? Well, then back away from the application.

Typically, there are at least six good reasons to get additional financing for your business and they include your company or business is ready to expand its physical location, you want to start actively building credit for the future, you are in need of additional equipment for your day-to-day operations, you are interested in purchasing more inventory, your business needs fresh talent or maybe you have stumbled upon a business venture that you simply cannot miss as the benefits will ultimately outweigh the incurred debt. Ultimately, this is when it is in your best interest to seek additional financing. Of course, that’s not to say these are the only reasons but rather the most beneficial reasons.

Staying Successful

Deciding it is time for a commercial loan or more financing is obviously a big step that if taken wrong can make or break a small company. Thus, it cannot be stressed enough that in order to stay successful as a small or larger business you need to take your time with this decision. Remember, the main and only goal of securing additional financing for your business should be improving your bottom line. If you can clearly see that this financing will help you achieve that goal then by all means full-steam ahead.

Reap the Benefits and Risk Less

With that being said, you still want to ensure that you will have the ability to pay back your secured additional financing when the time comes regardless of the outcome. So, be confident in your business decisions but remember to always be thinking long-term.

Happy senior business man making his notes at workDennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC 
Private Hard Money Lender

Arizona Tel:  (623) 582-4444
Texas Tel:     (512) 516-1177
Dennis@level4funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

 You TubeFace Book Active Rain Linked In 

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.


 Free Report The 8 Things You Must Do To Be A Successful Home Flipper






          

Technorati Tags: ,