Million Dollar Business Loan
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Starting a business doesn’t necessarily require you to take out a million-dollar business loan. However, there are instances where taking one would absolutely give you a kick-start.
Before you decide on taking one out, it’s important for you to have a complete understanding of what it is, what the stakes are, and what eligibility requirements you need to meet.
Are It Really $1 Million Dollars?
The type of loan already gives it away – yes; a million-dollar loan literally means that you’re borrowing $1 million dollars from a bank or from another financial institution. You could use this amount for whatever funding you need for the business you’re planning to put up.
For instance, if you’re looking to start a restaurant, you could use a million-dollar business loan to secure registration papers, licenses, and certificates; construction/renovation of the current establishment; training and hiring of people, and other things that would fit the million-dollar budget you have.
Where Can I Get a Million Dollar Business Loan?
Now for the big question, where exactly will you be able to get a loan that is as literally high as a million dollars?
You can actually get one from many sources such as banks, private lenders, the Small Business Administration or the SBA, individual investors, investing companies, and many more!
While you have all of these choices and options available, all of them have different terms and benefits. Let us briefly discuss a couple of these.
Who doesn’t love the sound of the good ‘ole bank loan? It’s the conventional way of securing funds for any type of business – and who wouldn’t want a piece of it? Bank loans, for sure, are music to our ears but in reality, it’s not that easy to get one. As a matter of fact, you might even find yourself panicking for the months you have to wait just to get approval. Compared to bank loans, private money lenders and lending companies are more lenient and more flexible in giving out these types of loans. But, what you need to expect and look forward to would be the interest rates. Since they’re not as strict as banks, these private lenders would often have loan programs that have higher-than-the-usual interest rates. Also, they’re known and famous for their shorter repayment plans and periods. The SBA or the Small Business Administration is the country’s go-to place in securing funds for businesses of the like. They’re considered as the primary source of funding for micro and small businesses that are looking to enter the market. However, akin to banks, the SBA also upholds long periods of waiting just to get loan approval. Last but definitely not the least would be individual investors or investing companies. On the other end of the spectrum, these financers have different repayment terms in mind. As a matter of fact, some people consider it as a benefit while some look at it as a disadvantage. For these investors, most of the time, what they want is equity of your company or your business. So, instead of paying for interest, they would like a share of the business that you are just about to put up! While you can skim all of these options to look for the best million dollar business loan, the most recommended (especially if you’re just starting), would be the loans from private lenders. Apart from the fact that their approval rate is fast, you wouldn’t also have to be worried in terms of sharing your company!
Bank Loans
Private Lenders
SBA
Individual Investors/Investing Companies
The Best Private Money Loan Group in Florida
The state of Florida is filled with dozens of micro and small businesses, scattered all throughout different cities and towns. Whenever they need funding, they approach none other than us here at Florida Commercial Real Estate Loan Group.
Our company has been looked at by many businesses as their go-to option whenever they needed funding. Whether they need a regular commercial real estate loan – or if they’re trying to land a million-dollar business loan, we accommodate their needs!
Choosing us to be your financer for the $1 million business loan you need will be the best decision you’ll ever make.
Why Choose Us?
There are a ton of reasons why we’re the first company in mind that businesses and aspiring business owners go-to for the times they need funding.
Some of these reasons include:
Other financing companies and institutions would first ask for requirements before they give you a computation. They call this “making sure” of the client first. But, when you work with us, we’ll give you a sample of the computation even if it has leveling rates! Forget about the low-interest rates of banks – they’ll less likely approve you, especially if you’re just about to unearth your skills in business. With Florida Commercial Real Estate Loan Group, we’ll get you the funds you need! We’ll even help you secure some of the documentation and the requirements you’re clueless about! Those are just two (2) of the million reasons why we are the best company that provides loans and funding to businesses and entrepreneurs. So, if you ever find yourself in need of a million-dollar business loan, don’t hesitate to give us a shout here at Florida Commercial Real Estate Loan Group! Contact us via our email or via our hotlines and we will be more than ready and happy to accommodate your needs!
Free Sample Computation of the Loan
Lower Interest Rates
We service all counties and cities throughout South Florida. However, if you need any of these services in other cities throughout the state of Florida, please contact us. See what services we offer below:
