How to Apply for Short Term Commercial Loans

Applying for short term Texas Commercial Loans is a much different process than applying for a long-term loan. There are many options and ways to increase your chances of eligibility for the loan your business needs.

Before applying, doing some background research online can help you determine the type of lender you want to go through for your loan. You can go through a traditional bank or alternative lender options. There are a number of professional lending organizations that can streamline the loan process online. By checking online, you can do a little comparison pricing to find a lender who can work with your needs.

There are also simple loan calculators online that can help you determine the repayment structure based on the loan amount you are requesting. Doing this can help you figure out if and how you will actually be able to manage the repayment terms within short term commercial loans schedule.

You can event apply online. All you need to provide is some standard information about your business. However, as the application process moves forward and depending on the lending company, you will also likely have to provide further documentation such as your credit report, proof of assets, your most current tax returns, balance sheets, and proof of ownership. After those are approved, the lender will present you with a loan agreement proposal — which may or may not be negotiable. Once you agree upon the proposal, additional paperwork will need to be signed to finalize the loan, Typically, after that, funds are available in about a week. This is one of the best benefits of this loan – the quick turnaround for cash in hand.

If you are not satisfied with the terms of the proposal, don’t be afraid to shop around for the right short term Commercial Loans for your business.

Just because one lender’s terms are such, doesn’t mean another’s will be the same. Negotiate or continue the search to find the lender who will agree upon a loan that works for your business’s needs and your ability to pay back the loan. You will need to make sure you are comfortable with the terms and payment schedule.

Short term Texas Commercial Loans can be an important asset to the growth and development of any small and growing business.

However, it takes the right lender to get the right loan. Take the time to research multiple lending options and companies before making a decision. When all is said and done, taking advantage of this type of loan can make all the difference in the successful outcome of your business.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

The ABCs of Working Capital Commercial Loans

Working capital Texas Commercial Loans can benefit a business that is short on cash flow or experiencing a slow period. Learn about how working capital Texas Commercial Loans work, and the pros and cons of these types of business loans.

Working capital refers to the cash money a business has to cover standard business operation needs such as employee payroll, rent, and monthly utilities. When a company runs short of cash to fund these expenses, a working capital loan can come in handy to keep the business going through a period where the business owner is short on cash and cannot liquefy any other assets to ensure operational overhead is covered.

There are several benefits to a working capital loan. They typically have a very quick approval time – a business owner can often receive needed funds within a week assuming the loan application time and approval. Also, there is no limit or requirement to how the company plans to use the funds, which is sometimes the case in a conventional loan via a traditional lender such as a bank. The application process is not as rigid, so companies that have a less than desirable credit score or a ding on their credit history still have a chance to get approved for a working capital commercial loans.

However, the downside is that there are a few downsides to this type of loan as well. Because of the leniency in areas such as credit and application approval, a working capital lender may need the borrower to put up collateral to secure the loan. Working capital Texas Commercial Loans also have shorter terms and higher interest rates than traditional loans with long term repayment structures.

Working capital Texas Commercial Loans can be beneficial for businesses that don’t fall into the “typical” cash loan category.

Since lenders don’t require the funding to be used in a specific purpose, this type of loan can help small businesses or new businesses with a bit of a “cash cushion” as they navigate the needs of their business without being too strapped for cash. This is particularly helpful for companies that don’t need new equipment such as machinery or computer systems, but rather a more specific or unique product to meet their business needs.

These loans serve an immediate need, and there are many lenders who specialize in this type of lending.

Determine your businesses specific needs, and then seek a professional that can help you get the working capital that you need. Having additional cash as your business is growing or getting off the ground can help take it to that next level.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Benefits of Short Term Commercial Loans

Short term Texas Commercial Loans can help a business grow to the next level or get through some cash-tight times. Find out how to evaluate your business’s needs and learn about the expectations you’ll be required to meet before the loan application is approved.

When a company is in need of cash fast, a short term Commercial Loans may be the way to go. In contrast to a conventional five- or ten-year term bank loan, short terms are typically offered with a repayment structure of between three to thirty six months. Usually these loans have higher approval rates than long term loans, and can be paid in smaller daily or weekly payments versus a monthly lump sum. Ensure you can manage the daily or weekly payments prior to agreeing on the terms of this loan.

Short term Texas Commercial Loans can benefit businesses by getting cash in their hands quickly. For new businesses, getting approved for this type of loan can prove helpful down the line when the company may need to expand to applying for a more traditional and larger loan with longer terms. Showing a bank that you were able to pay off a short term shows good faith.

For new businesses or ones that need to establish business credit, short terms also are easier to get approved for and once the business credit history is well established, that is another indicator that traditional banks look for when reviewing a long-term loan application. Typically, short term lenders do not require a credit score minimum, as traditional banks would for a conventional long term loan.

Short term loans can get approved quickly, so you can get your cash quickly.

Once the application process has been completed and approved, businesses can receive their cash advance in as little as 24 hours. This is one of the best benefits of these loans — cash fast.

Yes, short terms have many benefits but they do have some disadvantages, too.

Short term Texas Commercial Loans are very beneficial in many ways, however, it’s important to understand the disadvantages, too. Typically the annual percentage rate of these loans is much higher than the APR of a conventional long term loan because the amount of time the borrower has to pay back the loan amount is much shorter. The estimated APR can be factored by taking the finance charge plus the interest rate and converting it into the APR. Lender fees associated with short terms are also something to take into consideration. The shorter the term, the higher the APR — so it’s a good idea to try to negotiate a longer term of three years versus a shorter three- or six-month repayment schedule.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

What to Look For in a Texas Commercial Mortgage Professional

When it comes to your business, you need to find an experienced Texas Commercial Mortgage professional that can help guide you through the lending process based on their expertise. Find the right lender by ensuring they meet these three simple criteria.

They have experience in your niche — It’s important to work with a trusted lender that you can confide in about your business needs and someone who is equipped with the skills to help you meet your company’s short- and long-term goals. First, it’s critical to find a professional who has specific experience with your type of business or project. Based on their past experiences with your niche, they can offer insight specific to your needs.

They have a solid portfolio — A solid portfolio is another indicator of the Texas Commercial Mortgage professional’s past experience and their past successes especially if they have testimonials or references you can contact to speak on their behalf. Typically a professional’s website should have their portfolio updated with recently financed projects. This can also help you determine if the lender has experience in your specific project niche.

Terms that work for your needs — Unlike traditional banks that have typically rigid lending terms, non-conventional or alternative Texas Commercial Mortgage lenders often have the flexibility to offer terms that will fit your specific project needs. While terms vary vastly from banks to private lenders, you should make sure the professional you work with does his or her best to meet the flexibility of terms that work for you.

Where do I find a Texas Commercial Mortgage lender with the qualifications I’m looking for?

Doing some quick research online is a good first step to finding out a little bit about the lenders in your area that can help you get the loan you need. If you find a professional online, it's a good idea to have a consultation to ensure that his or her qualifications truly meet the needs of your business and the loan you are looking to obtain.

Trust your instincts when it comes to selecting the right lending professional to help you get a loan.

You intuition can take you a long way when it comes to who you are going to entrust to help you get the best loan and terms to grow and expand your business. Aside from doing your due diligence prior to selecting a lending professional to help you get a loan for you your business, always trust your gut — it’s usually right.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Types of Alternative Commercial Loans

There are many choices when it comes to ways to get a loan for your growing business. If you’ve been rejected by a traditional bank loan or would rather seek a non-conventional option, one of these alternative Texas Commercial Loans might be right for you.

A merchant cash advance is an alternative lending program that is not paid back in monthly installments. Rather, companies that receive MCA loans pay it via a percentage of their credit card sales. This type of loan is good for companies that accept credit card businesses. The rate of how quickly the MCA can be paid off is directly related to the volume of sales — the higher the volume, the quicker the loan can be repaid in this instance.

Asset-based lines of credit are another form of non-traditional Commercial Loans. In this case, a lender can offer a line of credit based on the value or equipment or hard assets the company owns. This is ideal for companies that utilize equipment such as restaurants, beauty salons, and companies that manufacture goods. Much like the MCA loan, the amount of the asset-based line of credit and access to working capital is higher based on the value of the equipment.

A third alternative option is an unsecured line of credit. In the case of a new business or one that doesn’t have any equipment or a brick-and-mortar to use as collateral, an unsecured line of credit may be a good option. This gives businesses working capital; however, because the lender assumes this high-risk investment, often this comes at the expense of a much higher interest rate and payment terms.

Why would a company benefit from seeking alternative Commercial Loans?

Non-traditional loans like this can benefit a company that is looking to get a loan fast. Oftentimes, these loans can be approved quickly and don’t have to go through all the red tape of the traditional bank loan applications.

Alternative Texas Commercial Loans aren’t for every business, but they are designed to serve specific needs.

New businesses that haven’t established a line or credit or a strong credit history, businesses that don’t have much to offer in terms of collateral or who have a specific niche business that traditional banks won’t take the risk on could all benefit from seeking this type of loan program. Do you research online and seek the counsel of a lending professional who can walk you through the benefits — and the risks — of these non-conventional lending options.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

How to Find Alternative Commercial Lending Texas Programs

Getting a loan through a conventional bank loan can be difficult, but there are many alternative Commercial Lending Texas programs that help companies get the extra capital they need to build their business.

Up to 40 percent of all business loans are rejected. Even for well-established businesses, getting a loan from a traditional bank is challenging. The amount of the loan might exceed the bank’s lending limits, the company may lack the credit history or high credit score the bank requires or any number of factors contribute to why a bank rejects a loan application. However, a non-traditional lender can help you find an alternative Commercial Lending Texas program that will serve your loan needs.

There are many new non-traditional loan options that businesses can seek. For example, SnapCap.com, that offers new businesses that may not yet have an established credit history, a chance at a quick loan – sometimes within just a few hours of application.

Revenue-based financing is another option for growing businesses that need a more steady cash flow to keep the company afloat. With this type of program, businesses can get a loan for the amount of money they estimate to receive via credit card sales in the coming month. The company’s receivables are used as collateral in this case.

Inventory loans are specific to companies that are looking for fast capital to purchase inventory to keep their shelves stocked and fulfill their orders. These are also time-sensitive, quick-approved loans that allow business owners to get the inventory they need right away to keep their business moving forward.

Alternative Commercial Lending Texas programs can often be approved quickly because they don’t have to go through all the bureaucracy of convention loan applications that traditional banks require.

If you’re looking for a fast-approved loan, but may not have the credit history, detailed business plan or other criteria that a traditional bank needs to approve a loan, an alternative program might be right for your business. Alternative lending options keep your company moving forward and help you achieve business success.

Do your research before selecting an alternative Commercial Lending Texas program.

Because there are many types of lending programs, there is certain to be one that is specific to your business’s needs. Speak to a lending professional to find out the right type for your business. An expert can help you determine your business’s loan needs, help you understand the differences between the various alternative choices, and ultimately help you decide which program will be best for your business.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

What to Consider when Investing in a Multifamily Property and your First Commercial Mortgage

So you’ve taken the plunge and now have your first apartment complex under your belt. You may feel a little overwhelmed or eager to dive in with both arms overhead. Either way, there are some important decisions you are going to have to make regarding occupancy, rent price, operations, and commercial mortgages. If purchased and managed correctly, this type of property can get you positive cash flow right from the beginning.

The first step and one you’ve already done, hopefully, before purchasing this property is to get to know the area and the market. Check out what other apartment buildings are going for in the neighborhood and what amenities they provide. If you find a comparable one, note them and keep an eye on their rent pricing. It could be that the seller had grown a little despondent toward the end of their ownership and let rents go untouched for years. Of course, if you have an awesome tenant, not raising their rent can be a good strategy. However, increasing the rent by just $25 can add thousands to your bottom line at year’s end.

Take a look at vendor and maintenance costs. Is the landscaping company charging comparable prices or are they out-pricing their competitors? Do the gardeners spend about 15 minutes on your property for hundreds of dollars? Take a good look and determine if there is some money to be saved in this area. The same holds true for maintenance and cleaning companies that come in after a tenant has left. Can your deposits be increased without affecting occupancy?

The Right Texas Commercial Mortgage can Provide you with the Leverage you Need

Leverage is important in Texas Commercial Real Estate investing. The less money you have to put down on each property, the more properties you can add to your portfolio. Your goal is to create a cash flow from each property that will pay for most of the monthly debt service. If you choose the right neighborhoods, buy at the right time and look down the road for at least 10 years, the properties you invest in will appreciate in the long run. It’s apparent that finding the right Texas Commercial Mortgage is a crucial component to multifamily property success. A private hard money loan is an asset-based loan. This means that the most important underwriting component is the as-is value of the property. They often require no minimum credit scores and, if this is your first multifamily loan, can work with you to help fund your project. You will require a budget and an exit strategy.

A private hard money lender offers quick capital for Texas Commercial Real Estate investors.

At Level 4 Funding, we work with hundreds of individual private hard money lenders. We know those that are interested in providing Texas Commercial Mortgages for multifamily projects and the ones that prefer single-family dwellings. We offer short-term loans that can be extended up to five years. If you have heard “no” from a bank, give us a call. You may very well hear a resounding “Yes”!

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage