New!
Three new lines of credit, personal and business loans!
Corporate Credit/Business card program, Up to $75k (stated income application);
– 720 Fico / Less than 30% and $20k in revolving debt
– Min of 6-7 years of history on the profile (mortgage & installment accounts strengthen the profile)
– Less than 3-4 inquiries per bureau and 3 new accounts in the last 12 months.
– No negatives (BK, charge-off, collections….)
– Authorized User accounts weaken a credit profile
– Account history with major lenders (AmEx, BofA, Chase, CitiBank….)
Corp Credit- 0% for 6-15 months intro apr.
Post intro rates start @ 8.99% & go up to 19%
Personal Term Loan for Business purposes, up to $175K
– 720 Fico / Min $50k net personal income (line #43 on the 1040 tax returns)
– Less than 35% debt to income ratio (total monthly payments/net monthly income)
– Less than 3-4 inquiries per bureau and 3 new accounts in the last 12 months
– Must have at least 4 open accounts with 5 years of history.
– No negatives (1 or 2 30 days late in the past are less problematic)
– Open accounts with major lenders (AmEx, BofA, Chase, Citi…)
Personal term loans for business-
Rates start at 7.99% & go up to 16%
Terms are from 36 to 84 months
Traditional Business LoC, up to $250k
– Min 2 years in business & $250k in gross revenues (net must be +)
– Last 2 years of tax returns (bus & personal)
– Personal Financial Statement for the guarantor
– Balance sheet, YTD P&L, debt schedule & last 3 months of business bank statements (min $20k monthly deposits)
Business Loans/LoC
Rates range from 6-12%
Please email me a copy of your credit report in order to see if you qualify. mark@commercialmortgageunlimited.com
New Product!
We provide term loans / lines of credit to well-qualified borrowers nationwide.
Loans are structured based on (creditworthiness, business cash flow and RE collateral).
We will lend in the ranges of $50,000 – $5,000,000 with term of 1-4 years with a monthly payment option.
The interest rates are as low as 12% for well-qualified borrowers. Minimal documentation, and funding timeline in 5-7 business days.
Example:
We will lend 10% of business gross annual sales (minimum business income $1,000,000) and collateralize the loan with RE utilizing
100% CLTV taking 2nd or 3rd lien position on available equity up to loan amount. Minimum borrower FICO 620 (NO bankruptcies, tax liens or judgments).
Rates: 12-20%
Terms Up to 48 months
Initial Submission:
– Application
– 6-months Bank Statement
– Business Debt Schedule
Full-file Submission (necessary for funding):
– Application
– 12-months Bank Statements
– Business Debt Schedule
– 2016 Tax Returns
– 2017 Financials (P&L, Balance Sheet)
– Real Estate Information (mortgage statement, tax bill, appraisal)
New!!! Loan Amount: $100 to $100,000
Best Line of Credit Available! No credit check,no collateral and no UCC/lien filing are required
Most affordable and accessible business line of credit available.
No credit check,no collateral and no UCC/lien filing are required–just an active business bank account.
Terms are available from 12 to 24 weeks and have low fees from 4.66% per funding (that’s only $466 on a $10,000 line!).
There are no out-of-pocket fees, no origination fees, no junk fees and no prepay penalty (pay off the line any time without penalty).
Apply below, get approved in minutes and draw funds the next day
Nationwide Funding!
Loan Amount: $100 to $100,000
Rate: Starting at 4.66%
Term 12 to 24 Week Terms
Credit Score: No Credit Check
Documentation: No Docs
Pre Pay Penalty: None
No upfront fee or junk fees
No UCC or Lien Filings
No Collateral Required
Few Restricted Industries
Looking for a Cash lines-of credit with average rates of 7-10% Term 3, 5 or 7 years 675 fico or better approved!
Need a line of credit?
- Unsecured funds
- No upfront fee
- No assets
- No revenue
- Great for start up businesses
- Line of credit can be indefinite
Here are the major points:
Credit-based funding options, with no revenue or asset requirements:
Low-doc options (requiring income documentation):
· Cash lines-of credit with average rates of 7-10%
· Term loans of 3, 5 or 7 years, also with average rates of 7-10%
No-doc option: personal credit cards with 0% interest for the first 10-20 months
Income documentation requirement is often below $4000/month, and is satisfied in most cases.
Most applicants with FICO’s above 675 will qualify for funding. Partners or family members may apply in place of original applicant or to increase funding.
Qualified applicants are funded $75,000 to $125,000 on average, but may receive as much a $200,000 in funding.
Funding is received in 3-4 weeks, but may be received in as little as a week when requested.
What is the line of credit based off? Credit Score..
Prefer 675 fico and up
Terms 3-5-7 years
Rate 8-12%
Interested please send me a credit report and I will call and provide a rate?
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Loans based solely on monthly income.
Fico score does not matter for this lender!
Providing small businesses with the working capital they need when they need it. As a private direct lender, we have our own underwriting guidelines by which we make funding decisions in a matter of days. Where a bank may deny a strong business based on the owner’s personal credit score, looks at the overall health of the business to provide financing to business owners with less than perfect credit.
Loan Amounts
We make general purpose business loans in the range of $5,000 – $2,000,000.
Loan Terms
Providing short-term business loans paid back over a period between 6 and 36 months.
Approvals
Because we won’t judge a book by its credit score, we approve businesses that might not otherwise qualify for financing from banks.
Payment Methods
Our loans are paid back through fixed and affordable payments linked to the business’ bank account.
· $150,000 average loan size
· 6-month minimum term – 36-month maximum term
· No minimum credit score
· Daily or weekly even monthly payments
· 6-months minimum business history
Most banks may deny a strong business based on the owners personal credit. This lender looks at the overall health of the business to provide financing to business owners with less than perfect credit.
- No Minimum Credit Score
- Funding in as little as 24 hours after approval
- Various Repayment Options
Loan Amounts
Offering general purpose business loans in the range of $5,000 – $2,000,000.
Loan Terms
Providing short-term business loans paid back over a period between 6 and 36 months.
Approvals
Because we won’t judge a book by its credit score, we approve businesses that might not otherwise qualify for financing from banks.
Payment Methods
Our loans are paid back through fixed and affordable payments linked to the business’ bank account.
- $5,000 minimum
- $2,000,000 maximum
- $150,000 average loan size
- 6-month minimum term
- 36-month maximum term
- No minimum credit score
- Daily or weekly payments
- 6-months minimum business history
- Sorry no start-ups
Personal Loan application, we use this option if the client has no business history and is looking for a start- up loan option, credit score must be above 680.
For the Personal Loan we will need;
o DOB
o Address
o Estimated monthly Income or annual income
o Last 4 of social
· Hard Money Deals are structured;
1% interest only, monthly payments on the loan amount for two years.
After two years principal is due.
Retainer fee upfront covers; appraisal, title search and our lender going out to property
meeting with owner.
Key Points!
We can provide Tier 1: A paper lending with buy rates from 1.12 to 1.33 for those who qualify
We can provide Tier 4: D paper lending with a 6 month buy rate of 1.30 with weekly payments and an option to go up to 12 months
With Tier 4 lending, we DO NOT care about FICO score, Negative Days (NSF), Lender defaults, minor criminal offense
We can take all of DECLINES and turn some of them into funded deals which leads to commission for you
Provide funding up to $2 million dollars and more if needs be
Commission is paid within days after funding. 8 points for secured and 4-6 points for unsecured deals. Personal loans are 2 points.
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Here is another example of another company that offers similar products. The above lender is just interested in monthly cash flow not the fico score. But this lender wants just people with great credit scores.
We specialize in Personal Funding of up to $400,000 in loans, line of credits and credit cards. The FICO score of the client has to be above 700 with all three credit bureaus to qualify for the funding. The higher the FICO score, the more client will qualify for. We’re also able to provide funding based on one bureau if its above 700. Our funding process includes two phases. Below you’ll find details pertaining to each phase.
Phase 1 ( Pre Approval):
Phase 1 is also called Pre Approval Phase. For pre approval, the broker is required to email the recent and detailed credit report of his client that shows all three credit bureaus. The report is meticulously reviewed and then a pre approval is sent to the broker accompanied by “Loan Agreement Letter” and “Loan Application Form“. It takes 24 hours to review the credit report and send the pre approval via email.
Phase 2 (Funding Phase):
If the customer wants to proceed with the pre approval then he/she has to prints the loan agreement letter and loan application form, fill them and return the scanned copies accompanied by his/her following documents.
1) Colored and signed copy of social (front and back).
2) Colored copy of ID (front and back).
3) A copy of utility bill.
4) 2 recent pay stubs and W2s or tax returns if self employed.
Once the aforementioned documents are submitted then within 7-10 business days the funding is provided to the client.
If you are interested I will send you a broker agreement followed by a loan application