The banking crisis, subsequent collapse of the economy and over regulation has made it increasingly difficult for business owners to secure loans through conventional banking. The traditional loan is nearly impossible to come by for many businesses, but as commercial hard money lenders in Los Angeles County and Other California Counties, PB Financial Group is making it easier for companies to get the money they need for capital improvements and other business needs.
Leveraging Your Assets
The collateral for private money loans in California is your real estate. This means that we don’t have to rely on your FICO credit score to secure a loan or return multiple years of tax returns. More and more business owners have taken personal hits on their credit histories due to financial difficulties in the current economy. While traditional loans require excellent personal credit, hard money lenders only require you to hold real estate in proportionate value to the loan you wish to secure and an opportunity to use the cash-out to increase business growth.
While conventional bank loans can take months to be approved, hard money loans will be approved on a fast track, meaning closing in as quickly as 10 business days. As hard money lenders, we understand that you need money quickly to inject new life into your business and secure your future success. This is why you will never have to wait months for an approval or rejection letter. We can provide a loan that can be secured in as little as two weeks.
Range of Accepted Real Estate Holdings
Traditional bank loans can be difficult to acquire, and often the type of real estate and the current condition of the real estate can be a deciding factor in your loan’s acceptance. With private money loans in California, you can secure a loan for retail stores, office spaces, apartment buildings, mobile home parks, investment residential and even raw or entitled land. This means that you can easily secure funding no matter what type of real estate you currently own.
As expert hard money lenders, we make it easy to get access to the funding you need without having to worry about your credit score or proof of income. No matter the reason, you can rest assured knowing that you can access a loan regardless of the economic climate. Traditional loans are no longer your only option for a business loan; let PB Financial Group be the gateway to getting your business back on track.
PB Financial NMLS #357614/DRE #01522495