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Financing the purchase of a business or commercial property can be as difficult as deciding what to buy. Not only is there a wide variety of potential lenders, each has their own unique rules and procedures, and each one has a different idea of what type of business they are interested in.
Choosing the wrong lender can be as disastrous as choosing the wrong purchase. It can cause costly delays and jeopardize the entire purchase.
Working with an independent broker can help make the process easier in a number of ways:
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A broker works for you, not the lender. This ensures that you are getting sound advice that protects your interest and improves your bargaining position. |
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A broker knows which lenders are most interested in your type of situation and understands the lender’s underwriting process. This results in you being offered the best terms and receiving the fastest turnaround time. |
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Often a business purchase requires a variety of lending solutions. Because a broker works for you, they are able to structure complex solutions using multiple lenders rather than depend on a single source to try and suit all need |
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In addition to banks, trust companies, credit unions, leasing companies and commercial lending institutions, a broker has access to private lending funds that are more flexible to suit unconventional or non-conforming situations.
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Most commercial financing situations can be both confusing and frustrating. Submitting an inquiry will give you access to a licensed financing professional with over 25 years of commercial financing experience who will contact you to discuss your personal requirements and provide you with a no cost, no obligation advice on how to proceed. |
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