Million-Dollar Business Loan
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Being eligible for small-size loans is already difficult, imagining applying for a million-dollar business loan. Is it even possible? It is as long as you find the right lenders, take your time to meet all the requirements needed, and determine if you truly need such a sum of money in the first place.
Most of the time, business loans start at $50,000 and go up to $500,000 unless you are trying to access funds to finance real estate properties. However, most of the time, the range of the funds you can request is more than enough for both small or large companies and businesses.
Then, for what would you need a million-dollar business loan? Most likely to finance big projects, investments, or even maintain stability in your company. the truth is that there are many reasons why corporations would need them but the problem lies in them being able to apply for them. If you stick to banks and usual lending institutions, you are going to have a hard time due to all the additional requirements they establish to limit clients and borrowers to people who can pay the loan even before the deadline set.
Besides, the sum of money will make the conditions and terms vary not for good but rather bad in your case since interest rates are higher and not fixed all the time, and the time for repayment is not usually as long as you believe. Then, do you have to quit the idea of accessing the funds? Not really since you can rely on private lending companies instead of public and regular ones. Private lenders and companies are more flexible even for loans of this size and the terms and conditions will usually not put you in a bad spot.
At Commercial Real Estate Loan Pros of Jacksonville, we work hard to open this million-dollar business loan to anyone who truly needs it and can demonstrate capabilities for repayment without problems.
How to apply for our million-dollar credit
Although we are flexible, we will not make it easy or simple either since we are a company interested in winning, not losing. However, we do our best to maintain it as a win-win situation where both parties, the borrower and the lender, are victorious in the short and long run. That being said, we set requirements that include:
- Excellent or at least good credit score.
- Financial records of your business.
- Details about the need for the million-dollar.
- Information about your annual revenue.
- You must be in business for at least 2 to 3 years—we can make a few exceptions.
- Profit margin.
- Collateral.
For us, collateral tends to be the most important part of the requirements since we want to make sure that even if you miss certain quotes and payments, we are able to get the funds back but without pushing you to the limit. If interested in applying for our million-dollar business loan at Commercial Real Estate Loan Pros of Jacksonville, you are welcome to ask all the questions beforehand and allow our team to explain to you all the details.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.