Million Dollar Business Loan
Million-dollar business loans are one of the most difficult loans to achieve. These loans are provided to a limited set of business entities. However, these loans help you get your business on a high level. There is a lot of paperwork to do in this type of loan. It’s the reason you should contact professionals like Commercial Real Estate Loan Pros of Fort Myers. We have a decent experience that can help you get rid of all the complications and get loans from trusted lenders easily. We will help you clear all the hurdles and get loans easily and efficiently.
What is a Million Dollar Business Loan?
It’s a unique financing option that is limited to certain businesses. Also, not every lender has this finance option, but luckily, it is available with our set of trusted private lenders. However, these loans are very difficult to obtain. Moreover, you need a lot of patience to get this loan approved. Federal banks refuse many applications without any further inquiry, but we will help you get this loan without wasting your time and money.
Requirements for such loan
Million Dollar Business Loans has requirements that everyone could not fulfill. Some of them are-
- Good credit score- For getting this loan approved, you should have a good credit score. Credit score should be high and previous debts should be paid. This is one of the most important things lenders want.
- Business age- You should have a business life of 2-3 years. This means your business should be old enough to predict ups and downs and other important factors.
- Annual yield- Moreover, you should have an annual yield of 10 million dollars or above.
- Good Profit Amount- Profit turned in by the company should be large. You should have a large profit and margin apart from good revenue.
- Collateral- You should be able to present good collateral as a personal guarantee. This helps the lenders to trust you for such a big loan amount.
How much will you get?
After these requirements, the lenders will take into account your profile and provide you a loan of a million dollars. Sometimes there is a condition of this loan that 20% of the loan amount should be paid in advance. There are other deductions too that will make your loan amount to around 750,000 dollars, which is a little annoying. That is why it is suggested to take help from experts like us. We will help you manage these expenses and present you with good and affordable options.
Why choose us?
Commercial Real Estate Loan Pros of Fort Myers provide the best services in Fort Myers, Florida, and all across Lee County. We have been serving here for a very long time, and we have built a good reputation by helping people and companies get the best loans for them. Our professionally trained and certified team can help you choose between many trusted lenders. So, if you need deeper insights into the services that we provide or want to book any service, just contact us or visit our nearest centers.
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.