Business COVID-19 Relief Loan

Business COVID-19 Relief Loan

The corona virus is having a devastating impact on businesses throughout the country. That is why we have partnered with a national lending institution to provide financing relief to business owners. Keep your business going even if you have been shut down by the government or have little to no cash flow due to the pandemic’s impact. Flexible underwriting includes:

  • Collateral-based: residential or commercial real estate
  • Max Loan to Value: 70%
  • No Payments first 3 months –3 months Interest Only payments are collected at closing
  • 4-12 Months Interest Only Payments
  • Months 13-24 Principal and Interest payments. Business selects the amortization schedule (up to 48 months)
  • 3 Loan Program Structures Depending on Lien Position
  • First Lien Position
  • Second Lien Position
  • Senior Lien Takeout with Piggyback Cash Out

Virtually any combination of real estate may be used as collateral, including:

  • Residential
  • Commercial/industrial properties
  • Parking lots
  • Gas stations
  • Co-ops
  • Mixed use
  • Farms
  • Etc.

Unacceptable collateral includes raw land, cemeteries, casinos, cannabis farms, and churches/synagogues, etc.

Overcome restrictions placed by lenders such as:

  • Low FICO
  • Past bankruptcies
  • Past/current foreclosures
  • Last payments
  • NFSs
  • Jundgements
  • Open cash advances
  • DTI requirements

Although Fidelis Business Funding Solutions, LLC can provide various type of financing, this Relief Loan Program is designed to help businesses recover from a government shutdown or loss of revenue due to the pandemic.  This loan when get you the funding you need even if you received a Paycheck Protection Program (PPP) or Economic Injury Disaster Loan (EIDL).

Schedule a consultation today

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