March 3, 2010
So little is being done to help business’s succeed in this current economy. Commercial financing has all but stopped. Lenders are “Cherry Picking” the loans they want to do. Business owners are left not knowing where to turn for help. Most business owners don’t realize that they probably do qualify for a loan. However, whether they get that loan, is very much determined by how their information is presented to the lender.
In the past, business owners with good credit and assets, usually had a relationship at their bank. They could count on being approved for a loan with little trouble. Now, these same business owners, go into those banks that they have done business with for years, and they find their loans being turned down.
Loan packaging companies are not new. They have however moved out of the shadows, and into the forefront of Commercial Financing. Believe it or not, there is money available for commercial enterprises. However now, instead of applying with your longtime banker, the best, most successful way to obtain a commercial loan, is to hire a company who specializes in packaging commercial loans.
These companies have relationships with lenders at the corporate level. They know how to write your business plan and put your documents into a bankable format. All keys to getting your loan approved. In the current economical enviroment, it is almost impossible to obtain commercial financing without their help.
