There are many reasons to look into a private lender for financing, whether it is for a business, or a residential property. A lot of the time you will become capped on the amount of financing that you can have if you already own a residential or commercial property (or both!), just simply because you become a higher risk to the big lending institutions. A lot of the time the bigger lending institutions will not approve loans for those who do not hold an excellent credit score, or who may already own several properties for fear that the individual will default on one of their payments. Now this does not always happen, but it is likely, especially if you own multiple properties, say one business and one residential, despite being able to prove sufficient income.
For individuals looking to borrow that require financing payment options, whether it be for commercial or residential reasons, we have a lot of financing plans that are affordable and suitable for those who may not be of high income, or may not have the greatest credit score. Working capital should be available to everyone who has the skills to earn an income and provide for themselves and their families, and sometimes loans are required in order to start up a small business, or finance a small home mortgage. As individuals looking to borrow, please note that there are options out there for those who want refinancing for mortgages, home renovation projects, and conventional and collateral mortgages through financing programs.
Unfortunately financing programs tend to have high interest rates that are devastating when accrued, but luckily it becomes a lot more affordable if you get qualified through a private lender as the interest rates can be negotiated and financing plans created specifically tailored to the individual depending on their loan need, and interest of property.
Even if you are a small business wanting to expand or get into other commercial services or offer more products to your customers and therefore require an expansion or a small loan for better equipment, there are financing options for individuals of this nature as well.