Gigantic Loans for Your Start Up Business Adventure

May 13th, 2011 Ronald Unruh Leave a comment Go to comments

“Entrepreneur” and “thinking small” are two terms that are complete opposites. The mindset of most courageous people is to strike out on their own and attempt to win, to build bigger. Sometimes they start with vague ideas but shape their dream waiting for big bucks to get started. The problem is that most of us aren’t already independently wealthy or fortunate enough to have a trust fund to tap into.

So how do you go about obtaining a huge loan to start up that business you have always wanted, especially if your business model is still young and as yet, an unproven concept at scale? How do you find the money?

Some find incitement in the government guaranteed loans from the Small Business Administration, aka the SBA. Small town farmers, construction bosses, tool rental companies in towns under 50,000 use the United States Department of Agriculture or USDA loans. These government guaranteed business loans minify risk to the lender.

According to an article published on http://www.entrepreneur.com/blog/219022 in January of 2011, lending to small businesses has slowly but surely begun to loosen a bit. And it’s from an infusion of capital into the SBA.

Community banks and local credit unions may be inexperienced in these loans. However, these institutions have been allowed access to some $30 billion in Federal funding to small businesses. In addition, larger money-center banks have stepped up their micro lending programs directed toward small businesses. The great news is that business and commercial property owners are finding out how to finance up to $2 million with a 90% LTV with an SBA Business Loan from Venture Funding Groups SBA 504.

Nevertheless, compared to the way things were before the implosion of the financial meltdown in 2008, it seems like a virtual filter, peculiarly if you are in need of a huge loan to start up that business of yours.

All is not lost however. Even in compressed money times like today, a brobdingnagian loan for a start up business can be obtained with SBA and USDA government guaranteed loans. And these loans are available for those with inferior credit score of 680 or less. (And doesn’t that describe most of us in these trying economic times?)

Of course, any local bank or credit union is going to pull your credit report for an SBA government-guaranteed commercial loan. (Keep in mind that we’re talking about a typical small business loan from a bank. Not necessarily a huge loan for starting a business.)
The local bank will ask you for a Personal Finance Statement. They’ll ask for your IRS Tax Filings of your business going back 2 years. They’ll want to see a business plan.

Even then, they’ll probably drag their feet. That’s because they may not have a risk portfolio that permits your business. So, they’ll stall and put you through a bureaucratic maze with which nightmares are made of. –After all that, they may still want you to wait and come back when they find a lending source.

But not with Venture Funding Group and their FAST TRACK PROGRAM. Venture Funding digitizes your loan documents so they are able to look at wide variety of sources right away.

Venture Funding Group is an expert in working with the Small Business Administration to help entrepreneurs get million dollar loans for their start-up business ventures.

Why expend your time and effort (most times your last nerve) jumping through hoops for bankers who might wait months before calling you back, if they call you back at all?

If you have commercial real estate, your huge loan for start up could be as good as in the bag. The SBA will, for a limited window of opportunity, now let you refinance commercial or industrial property at a 90% loan-to-value (LTV) ratio with an SBA or USDA commercial mortgage.

It’s called the SBA 504 Program.

Under the SBA 504 Program, owners of commercial properties can refinance a commercial building loan with a minimal monthly payment, at lower interest, and with less personal risk with a 90% LTV. So if you own a commercial building for your business, this 90% LTV program from the SBA will help you find financing even with bad credit scores.

To learn more call us at 1-800-578-4884 or go to www.thesbaloan.com!

Financial Freedom Expert