Many small business owners face cash flow challenges when it comes to paying tax bills. Frequently, more immediate cash demands cause all or portions of tax bills to go unpaid. This typically results in business owners losing access to financing just when they need it the most.
K2 Commercial Finance has a low documentation loan product available to business owners with needs of up to $500,000. Unlike traditional banks, they are able to work with borrowers who have tarnished credit, prior year tax liabilities, even tax liens on commercial property they own.
“Our no-income-verification loans use a common-sense underwriting process that lets us approve many loans that have already been rejected by banks and other lenders” said Ken Kaplan, president. “Loan proceeds are available for almost any business purpose, including paying tax liabilities, property renovations or working capital.”
The low documentation process permits loans to close in less than 30 days and there are never any up-front fees or charges. The company offers both interest-only bridge loans for up to 60 months as well as fixed rate, 25 year permanent financing. Traditional banking is not well suited to meet the needs of many small business owners due to high credit requirements, high income requirements, restrictions on property types and other stringent lending parameters.
Daycare properties, apartment buildings, convenience stores, healthcare properties, warehouse, retail, hotels, funeral homes, automotive properties and more are all acceptable property types. The streamlined loan process is designed for fast results and an outstanding experience for borrowers.
K2 Commercial Finance provides a fast, viable solution to commercial property owners ready to turn equity into improved business cash flow. Information regarding loan programs and the loan process, as well as a Free Report titled “Get the Loan, Skip the Hassle” are available on the company’s web site.
About K2 Commercial Finance
K2 Commercial Finance works with small business and commercial property owners who need financing to purchase or refinance commercial real estate. SBA loans can also be used for business acquisitions. Since 2001 the company has helped clients secure over $60 million. The company is a direct lender on loans of up to $500,000 and works with SBA Preferred Lenders to secure government guaranteed loans of up to $5 million. The company is only paid upon successful loan closings with no up-front fees being charged.
SOURCE: Press Advantage [Link]
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