Our Business And Real Estate Loans In Nashville, TN
Getting Startup Business Loans In Nashville
As a startup business lender that works with small businesses across a wide spectrum of industries, we understand the tough obstacles facing entrepreneurs. Jumping into an arena where you’re competing against major corporations, needing a marketing strategy that will actually work, needing to cover legal fees, or just needing cash on hand to stock up on inventory are only a few of the things small businesses need to get started. The good news is if you’re in the Nashville area and need to get funding, our business loans Nashville funding may be able to help you.
You might have questions such as the following:
- 1. Can I qualify for your business loans in Nashville even if my credit is poor?
- 2. How much can I qualify to borrow?
- 3. Why should I trust you instead of another lender?
Each of these questions may have different answers depending on your current financial situation. Having unfavorable credit doesn’t mean you can’t get one of our business loans. We can look into other areas of your finances and loan qualification criteria beyond just credit to see if you’re able to borrow and repay your loan. Some lenders only offer a narrow range of business loan programs, but at our company, we offer a variety of loans including unsecured startup loans. Applying for one of our loans is fairly straightforward, and you just need to have the necessary documents ready. Plus, our approval decisions are often made within days and you receive funding soon after.
Getting Commercial Real Estate Or Hard Money Loans In Nashville
Our company also has access to networks of hard money lenders and commercial real estate Nashville financing for purchasing development properties. Why invest in local real estate through hard money loans? While commercial mortgages or other conventional mortgages could be a preferred way to go, qualifying for the right amount and the best terms can be quite difficult. Hard money loans may be easier to qualify for if your credit isn’t great, but you have a great plan for developing or rehabbing a specific commercial or investment property.
The main thing to know about our hard money loans is they are funded by private investors with a loan-to-value ratio mostly based on the value of the property to be purchased. Often this LTV is somewhere between 70%-80% of the property value, which also means you will need to have enough cash on hand to make at least a 20% down payment. But once you are funded, there are multiple ways you could get a return on investment to pay off a hard money loan. You could flip the property to sell it, turn it into a rental property that could be refinanced with a conventional mortgage as you generate income from it, or perform other construction on the property. It’s important to know how much you’ll need through our commercial real estate Nashville financing, how you will invest as either a hands-on project or working with a contractor, and how you will exit. Contact us to find out more about our hard money loans.
6339 Charlotte Pike, Suite #973,
Nashville, TN 37209