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Commercial Lending Blog
Commercial Lending Blog
DDA Mortgage Commercial Loans
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· Borrowers who are in need of a small commercial loan between $100k and $2mm.  · Borrowers who are turned down by banks. · Borrowers who are not able or willing to produce tax returns. · Borrowers who are looking to cash out equity from an existing property. · Borrowers who are disqualified from SBA programs. · Borrowers who are in need of hard money take-out solutions. · Borrowers who are looking to transition from bridge loan to permanent financing.
If you need working capital for your business, you’ve come to the right place. We can get you up to $150,000 in financing in as little as 2 weeks. And unlike traditional banks and other lenders, we are here to help you throughout the process to make sure you get funded. Our program is designed to give businesses like yours access to cash when they need it most. The best part? There is no cash flow analysis, no debt refi, no equipment requirement - just working capital. You can get 30% of your top line, gross revenue from your last tax returns. To qualify for the loan you will need: To be self-employed for 2 years. Have a 680 FICO score or higher. Have a 155 biz score or higher. Access to working capital can help your business in many ways: Working capital loans can help with covering payroll. Some businesses have cash flow problems because they have to pay their employees before they get paid. This can be a problem for startups, especially if the business owner is also an employee. Working capital loans can help you cover payroll and other expenses until you receive payment from clients. Working capital loans can help with buying inventory. The cost of inventory is one of the biggest expenses for most businesses. Working capital loans can help you buy inventory quickly and easily so that you don't have to wait for your customers to pay their bills before they can receive it. Working capital loans can help with rent and building expenses. Rent and building expenses are ongoing costs that must be paid every month regardless of whether or not there have been any sales in that month. Working capital loans help businesses pay these bills on time so that they don't fall behind. There is no obligation to start the lending processes. Just an obligation to yourself to figure out what's best for you. Find out more about how much you can borrow to help you finance your working capital! Complete the form below and one of our advisors will reach out to you. Or, give us a call at (727) 784-5555 and we will be happy to answer all of your questions.
There are many different types of loans available to borrowers with less than a 20% down payment. These include SBA loans, conventional mortgages, FHA and VA loans, as well as asset-based loans. The SBA (Small Business Administration) offers several loan programs designed for small businesses and entrepreneurs who need financing but don't have the cash on hand to make a large down payment. The most popular of these programs is the 7(a) Loan Program, which is guaranteed by the SBA. Lenders can use this program when they want to make small business loans with a low down payment or no down payment at all. Conventional mortgages require at least 10% down for the purchase of a home or investment property, but some lenders may offer products that allow you to put less than this amount down. Below are a few loan types for you to consider. However, each loan type has it's PROs and CONs. The best way to determine the right loan type for you is to talk to a commercial mortgage advisor. Call DDA mortgage today to discuss your options, (727) 784-5555 . Or ask a question using the form below.
The process of seeking a commercial loan in Florida can be overwhelming.
So, you want to buy a new piece of equipment or add an employee to the payroll. Maybe you want to consolidate debt or purchase capital assets. Here are some of the reasons why you may need a business loan. Get money to grow your business. If you have an idea for growing your business, but don't have enough capital on hand to make it happen, then a small-business loan might be right for you. This is especially true if you don't have any other sources of funding available. Get money to add employees to the payroll. If your company is growing quickly and needs more workers in order to keep up with demand, then you may be able to use a small business loan to hire new employees that will help you take on more work. Get money for capital purchases. If you're looking to purchase new equipment or upgrade existing equipment so that it works more efficiently or produces better quality products and services, then a small business loan can help pay for those upgrades and purchases. Get money to consolidate debt. If your company has accumulated too much debt — such as credit card debt — then it's time to consider consolidating all of those higher interest loans into a commercial loan. Unfortunately, banks are sometimes unwilling or unable to help small businesses with commercial loans. Fortunately for you, there are other options for funding your capital needs. DDA mortgage provides commercial financing that works for all sorts of situations and can increase cash flow so your business can thrive. To learn more about what loans you can get check out our FAQ - What Real Estate Loan Is Best For Small Businesses? Or call us, 727-784-5555 , and talk to a commercial loan advisor. Learn more about Commercial Real Estate.
SBA loan programs are designed to help small businesses get off the ground and grow. If you are looking to purchase a CrossFit gym or franchise, it is important that you have the right financing in place.
For doggy daycare owners and buyers, there are two main types of Government Subsidized Loans that can help you buy or grow your business .
The Small Business Administration (SBA) 504 loan is a long-term financing tool for growing small businesses.
Are you a business owner looking to sell your business? You may be thinking about selling to your family members, employees or an outside buyer. In any of these cases, you'll need to finance the transaction. The best way to do this is with a commercial loan. Here's why: Selling to family or employees with commercial loans: If you plan on selling your business to your family or employees, it's probably not a good idea to self-finance the deal (even though you might be tempted). It can be risky and can lead to some hard feelings if something goes wrong. Worse, you are still at risk if there is a downturn in the market or if the business is mismanaged. Instead, finance the deal through a bank and use that loan in the sale or transfer. There are several loans from the SBA that are backed by the government and are specifically designed for exit strategies. Protect yourself with bank financing: A commercial loan can help both parties feel more confident at the negotiating table and during the process of closing the sale. That's because it provides some measure of protection for both sides. For instance, if a seller is worried that they may be overestimating their business's value, they can rely on third-party expertise, who will help them calculate an appropriate purchase price using industry standards and benchmarks. A buyer may find that a commercial loan helps them secure better terms on a purchase price, since they'll have more leverage and credibility with a bank's backing. Size doesn't matter: Many small business owners think that their business isn't big enough to qualify for a loan or buyout. This simply isn't true. There are several government-back SBA loans that are available to small businesses. Even if you are the only employee, you can still sell your business. Call (727) 784-5555 or complete the form below and tell us about your deal. We will let you know your options and help you make the best decision for you.
