Warehouse Facility Finance
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Most of the time, a good credit score and financial history—either personal or from your business—are the main requirements to apply for a loan to finance any property investment. However, having them is not that simple. This is why options like warehouse facility finance and similar ones can be life saviors.
The main reason lies in not needing a good credit score. It does not have to be that low but you do not have to be pressured for this requirement alone. For the financial history or records, you can use the one from an existing business you own or a personal one that can make up for the lack of your company. everything depends on what you are aiming for in specific and how old your business is.
Now, how do warehouse loans work in specific? Yes, we are referring to these first before moving to the whole concept of “facility finance”. Warehouse loans focus on using assets and inventory as collateral so you are able to request the funds without providing personal assets or putting your property at stake. This allows you to repay the loan as a regular one: with monthly payments. But if you miss any of them, the lender will take part of the inventory that is worth the amount of the milestone as payment for that month.
When taking this to warehouse facility finance, it is a matter of how you will use the loan since warehouse credits are used for business expenses and new projects. In the case of warehouse facility finance, you have the opportunity to request funds to acquire a space where you can store your inventory and even cover certain expenses in the business.
In other words, you can finance the warehouse or facility by using your assets as collateral and following the previous principle.
How to request warehouse facility finance
The first step: find a lender that offers the option. Traditional lenders like banks do not have this option available 90% of the time. Therefore, searching for private lending companies and individuals is needed. At Commercial Real Estate Loan Pros of Tampa, we can help you by offering several types of the same financing in order for you to put that inventory to use and finally get the space you need or cover other needs.
Since warehouse facility finance is mainly focused on the collateral offer, you do not have to worry about credit scores and financial records as mentioned in the beginning. However, we still need you to provide them. We will consider your situation, needs, specific inventory, and assets, how much they are truly worth, and offer a contract based on these factors along with the amount of money you are requesting. Our team will go over your request within the first 24 hours after you send it and keep in mind you are welcome to ask any questions before doing so.
In our company, Commercial Real Estate Loan Pros of Tampa, we worry about your well-being besides helping with the funds. Therefore, consider us flexible, humans, and lenders that will not be sharks in the short nor long run.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.