Loans from $50,000 to $350,000 amortized over 10 years
No collateral (real estate or equipment) required!
Collateralized loans up to $5.5mm amortized over 25 years
6.5% to 8.5% rates payable monthly with no prepayment penalty!
1-year minimum time in business; most industries considered, i.e. Daycare, Assisted living, etc.
Working capital, Real Estate or Business Purchase, Debt Consolidation, Equipment or Inventory Purchase, Marketing, Hiring more employees, etc.
BUSINESS PURPOSE LOANS IN BOCA RATON, FL
BUSINESS PURPOSE LOANS ARE MORTGAGE LOANS THAT CAN BE TAKEN OUT ON YOUR PRIMARY OWNER OCCUPIED RESIDENCE
They are intended for business owners to use for Business Purpose Loans, not for household, family or personal uses. These are loans for which applicants do not need to qualify for credit or for income. Business purpose loans are unique because you only need to own a corporation ( LLC, Inc. or Subchapter S ) to qualify.
Getting a business purpose loan is a terrific alternative for a business owner. Call now and speak to one of our friendly loan consultants to learn more about them – Call 561-221-1124 in Boca Raton and throughout South Florida.
IF YOU ARE SELF EMPLOYED AND HAVE AN LLC OR A CORPORATION, WE CAN DO A BUSINESS PURPOSE LOAN FOR YOU.
You don’t have to qualify for credit or for income yet will still remain in full compliance. The only stipulation is that the loan has to go directly into your business and not be used for personal items. So if you have a free and clear home and a corporation – we won’t have to escrow taxes and insurance and you won’t have to worry about the RESPA guidelines.
I feel that Lord Mortgage is very diligent in providing the absolute best possible service and highest quality private loans possible. I have always had excellent results with the loans that they have placed on my behalf. I would highly recommend investors looking to provide bridge loans on real estate properties give them a try.