See us for help with financing. BUT We do not compete with banks. We work in partnership with them and are involved in loans only when one of three things happens. Either the bank turns down the loan or the rate and terms offered mean that the project does not cover its debt service, or the bank can loan a portion of the project but needs a partner to cover the gap between the owner contribution and the bank loan amount.
All loans are subject to review by the loan officer and loan committee.
If there is a reasonable explanation for poor credit history with a new history without problems, or there is a substantial collateral position offered, it may be possible to offer a loan to a borrower. Each loan is judged case by case on its own merit and is not subject to point scoring. By reviewing cash flow projections it is possible to see before hand whether pricing is adequate to really grow a business or whether other plans need to be considered. The fastest loan we have ever closed was done in 45 days from the day the customer first applied to the closing date. Some loans have taken over a year.