Frequently Asked Questions (FAQs)
A:Applying for a loan can be a difficult and arduous task. You have a business to run. You do not have time to search around for just the right loan. That’s where we come in. We have very good working relationships with several different lending institutions, both traditional and nontraditional, and we close several loans every month with these particular institutions. That’s why you can say that we have “buying power” when it comes to procuring just the right loan for YOU. That is also why we are able to secure better than average rates and terms for our clients. Our service not only saves you money by getting you the best interest rate and term, but also saves your very valuable time.
A:Lines of credit are perfect for small and mid-sized companies in that they’re easy to get approved and collateral is NOT needed. They’ll allow you to pay a lower interest rate compared to loans that require you to put up collateral. Further, you’re able to make interest-only payments until your business is lucrative enough to make full principal and interest payments – keeping your budget protected.
And if your business requires immediate funds to continue growing, lines of credit allow you to exercise increased purchasing power that gives you the opportunity to purchase new inventory, expand into a new location or even extend the number of day’s credit to your customers.
A:Your business is thriving, growing and now you’re looking for a way to expand even more. However, because you’re in a growth stage, you have not yet accumulated enough assets to put up as collateral (even though business is booming). Now would be the perfect time to apply for our line of credit.
A:First, we make sure that we fully understand your business’ financial position. After assessing your short-term and long-term financial goals, we’ll effectively and professionally present your request for a loan. We’ll develop a comprehensive presentation package that we will send to the lenders we work with.
And then comes the tough part: knowing who the players are and how to work with them. Since we are not affiliated with any one particular lender, we are not limited to who we can work with. Whether traditional or non-traditional lending institutions, your request for a loan is in good hands.
Once we’ve secured a loan with the right institution, we will negotiate the most favorable rates and terms to ensure your loan is affordable, expedited and fulfills all your needs.
A: We have the perfect floor plan financing. We help you avoid risking your inventory so you can comfortably pay off your floor plan. We save our clients up to $365 per vehicle by not charging “per-vehicle fees,” and we also don’t charge for vehicle audits, curtailment OR extension payments. This means more money in your pocket to continue growing your business!
A: At Complete Commercial Finance, we are also well-equipped to help governments, municipalities, healthcare institutions and not-for-profits find the proper financing to fund their specialized equipment needs. Call us today to discuss these options.