With the lowest interest rates, a traditional bank loan is a great place to start. However, many ‘outside of the square’ loans will not be able to meet the requirements for the lower risk rate.
Secondary to the major banks, many of the established second-tier lenders will still be looking for minimal risk, but will consider reasonable credit as opposed to excellent credit. Flexibility is the key, with terms generally ranging from 1 to 5 years, allowing you to establish your credit and eventually move onto a mainstream lender and lower interest rates.
If you are banging your head against a brick wall with conventional lenders, then an alternative way to get into the market is with a Private Funder. The rates reflect the risk, as Private Funders are willing to overlook some issues the banks or second-tier lenders will not even consider.
They are truly a team of hardworking, honest and ethical individuals that have a passion for what they do.
We had just over a week to come up with some funds... and they did! The solution was in place and ready to settle a few days later.
Thank you IBN for a great start to my day, breakfast with John Anderson, WOW!!! Every person in that room left in awe and touched by a Man driven by an idea. I see things differently now.
IBN provides a fantastic service and I would recommend them to anyone.
I would have no hesitation is recommending IBN for future transactions that are difficult to place for your customers.
Nothing is too much trouble for the team at IBN and the services that they offer to both the client and the funder are second to none.
Thank you for a great start to my day, breakfast with John Anderson, WOW!!! Every person in that room left in awe and touched by a Man driven by an idea.
IBN is our introducer of choice and I would encourage brokers to join IBN’s network