Two sweet new products that have come into my toolkit:
1) Medical working capital loans. These are unsecured loans with an 84-month term, with no requirements on the part of the lender for the practice's daily deposits. Because they're unsecured loans, the heart of the business, such as machinery or real estate, is not put at risk.
2) Direct franchise loans. Traditionally the answer for anyone buying a franchise is to go with an SBA loan. But what if you don't qualify for an SBA loan, or what if you don't want to pay their loan guarantee fees? On some busineses, that fee is going to be as high as 15%!
This program can get approved more quickly than a traditional SBA loan, and it can be thousands of dollars cheaper than for the entrepreneur!
If you want to talk about these or any other loan scenario, call me on my new 800 number: 800-956-3915.
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