Many loans are backed only by your word that you’ll pay them back. That’s why lenders scour your financial records and credit report to see how trustworthy you might be before handing over the money.

Obtaining a business loan can be even more complicated, and Lenders know that the ability to pay back a business loan is directly linked to borrowers’ business success. And businesses are inherently risky.

Regardless, using real estate to back your loan will save you thousands of dollars over taking out a conventional business loan. It can also make you eligible for credit when you would otherwise not be.

– No FICO.
– Loan minimum amount of $200k.
– Property is used as a guarantee, not borrowing directly from the property.
– 3-5 years terms
– Loan Amount = 60% of property value – the amount owed on the property
– Bankruptcy OK