If you have an urgent need to get out from under a bad SBA loan or need additional cash flow to operate your business, here are some reasons that you might want to consider our Commercial Cash Out Refinancing Program:
Debt Consolidation. Use your cash out to pay off automobile loans, credit cards, medical expenses, and other types of current debt. This will help you to lower your monthly expenses while also improving your credit scores due to having less outstanding debt on your balance sheet.
Use your Equity for Investments of Higher Yields. This is becoming increasingly more popular throughout the country. For those who are paying perhaps 6.5% interest on an outstanding loan, you can easily use this money for other investments that yield an annual interest rate that is higher than 6.5%, allowing you to make your money work for you! Another side benefit is that the interest that you are paying on your income-producing property is considered tax-deductible. Using your equity to increase your personal and commercial wealth only makes sense!
Renovation and Remodeling. Why not pull cash out of your existing property and then put it right back through remodeling, refurbishing, or renovating your existing facility? Use this money to expand your business. All money that you use in the renovation of your properties will only increase their value in the long term, resulting in the increase of loan equity as well.
Stop Foreclosure. Unfortunately, due to the recent economic hardships, many people in America are facing foreclosure each and every day. There are many reasons why you might have fallen behind in your mortgage payments. A Commercial Cash Out Refinancing Package can help you to pay off bad loans while also providing you with the additional money needed to improve your credit and to get back on firm financial ground.
Applying for your Cash Out or Refinancing Loan is easy. The more information you provide the better we can help you.