Loans range from $25,000 to $500,000 (minimum property value of $75,000)
Credit rating from A0 through A5
Property types financed include apartment buildings, mixed use, retail buildings, office buildings, warehouses, auto repair shops, day care businesses, hotels, motels, office buildings. There is a capacity to help with unusual loans and circumstances
Steven Richman of Business Funding Solutions (BFS) said, "Many clients come to us and say "My bank turned me down recently, can you help?" They are told "All we do are loans to commercial property owners. We understand your unique needs. BFS takes a “common sense” approach to approving your request. We are helping business owners like you every day who have been turned down by their bank."
Important Client Questions:
What are my up front costs?
There is absolutely no up front cost to get an approval from BFS. After we have approved your loan and you have a binding commitment letter in your hands, you will need to purchase an appraisal of your property from one of our approved appraisers. DO NOT order your own appraisal. This is your only expense before closing. If we can’t offer a commitment letter, or you decide not to purchase your appraisal, there is no cost to you.
My bank turned me down recently, can you help?
YES! All we do are loans to commercial property owners. We understand your unique needs. BFS takes a “common sense” approach to approving your request. We are helping business owners like you every day who have been turned down by their bank.
What do you need from me?
It is very easy to get the ball rolling. There are two easy ways to find out how BFS can help you. First, answer a few simple questions and one of our loan officers will call you to discuss your request. Or, you can call 877-587-5345 and ask to speak to a loan officer.
Will my property qualify?
BFS can make loans on almost all commercial property.
Will my new loan have a balloon?
No. All loans from BFS will have terms from 15 to 25 years. Your loan will not balloon.
Can I use my loan to pay taxes?
Yes, We understands that there are many reasons why you may need a loan for taxes. Many borrowers have used their loan to bring their taxes current.
My credit is not perfect, can you help me?
Yes. Your past credit history is very important to a final loan decision, however we understand that small business owners may not have perfect credit and is willing to look at scores as low as 600. BFS takes a common sense approach to the approval process. We are going to look at all aspects of your loan request, and we will listen to your story to qualify you.
My bank can’t help me because my request is too small. Can you help?
Yes, BFS will make loans as large as $500,000. And, we are happy to consider requests as low as $25,000.
For more information and to see if you qualify, please contact Steven Richman at Business Funding Solutions.