#1
|
|||
|
|||
![]()
I have a family owned business which has been in existance for 14 years. Due to some bad business advertising / partnership - I ran up bills and now it has come back to haunt me.
I need to get a debt consolidation loan ($100k-$150k) so that I can condense everything...keep the doors open and get us back on track. The banks have said no (I've been with BOA for the entire 14 years - we have regular FICO scores of 700+ ...but they state there at 15 different FICO scores that can be used and we come in under 650 with them??). Unfortunately, we applied for a bunch of loans online and now realize that every inquiry throws a 'ding' into the score and with other creditors confidence. Almost got scammed with Argon Financial Group Inc (Washington DC) who stated they would give me a $100k loan for 25 yrs at 5%. They wanted a $8k collateral. Very fishy - went to their location and its a TOWNHOUSE. So, bottom line is I need help. I have real estate (3 Properties)...but as the old saying goes - have equity on paper but cash poor. Banks wont allow to borrow as there is only 85% or more LTV. Can anybody direct me to a private lender (not scam artists) that can help out with unusual situation - and can think outside the box, etc... Conventional methods are not working - so have to go unconventional. Thanks for any help that can be provided. |
![]() |
|