(847) 282-4933
90,000
Home Equity Line of Credit
Case Background

Our client needed a business capital loan of $90,000 to purchase a small business. The client had a house valued $300,000 and owned the bank $150,000.

Challenge

The offer to purchase the business would expire in 3 weeks and the client’s bank where she applied for her equity line of credit did not move forward with a loan.

Result

Through one of our bankers we secured our client an equity line of credit within 2 weeks at an APR of 2.5%.



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Business information
Landlord/mortgage information
Owner(s) principal(s) information
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Project details
If applicable, don't include rehab funds being requested at this point in the application. You'll be asked to include the rehab figure later.

PLEASE BE REASONABLE WHEN SELECTING CLOSING TIME. Timing effects your financing options. Usually, the less time we have to close your loan, the more expensive the financing options will be.
"Verifiable improvements" are those improvements that can be substantiated by paid contractor invoices or receipts (no sweat equity)
For the last 6 months.
For the last 12 months.
For the last 24 months.
Total.
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