COVID-19 Business Purpose Loans (model of virus and business icons)
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Is Your Business Affected by COVID-19? A Private Business-Purpose Loan May Help

Government stimulus COVID-19 business loans are not helping everyone, yet the coronavirus pandemic is affecting small businesses in a myriad of ways. From reduced sales and remote work to the temporary closings of “non-essential” businesses, things are changing fast during the COVID-19 outbreak.

Businesses both large and small are being forced to adapt, but for most, a COVID-19 business loan remains out of reach. With little capital and sources of funding, some small businesses and independent contractors may have to get more resourceful and creative with their financing to weather this pandemic and come out the other end intact.

Hope for Relief in the Form of Small Business Administration (SBA) Loans Has Been Dashed by Some Small Businesses

According to the Washington Post on April 27th, thousands of small businesses have already lined up for the latest round of $310 billion in COVID-19 business loans, but the money could run out in days.

Worse yet, these newly available economic stimulus funds may not end up in the hands of small businesses as intended. As witnessed in the first wave of SBA funding, COVID-19 business loans and relief funds provided via the Cares Act’s Paycheck Protection Program will be cornered by industry insiders and large businesses that already have access to cash. The Washington Post reports that “At least 140 publicly held companies received funds from the first Paycheck Protection Program, including large restaurant chains, a Fortune 500 auto retailer and a pharmaceutical company with $14 million in cash.”

Where does this leave small business owners in need of a COVID-19 business loan?

Excel Trust Deed Investments Can Close Privately-Funded Business Purpose Loans Within One Week

If you are a small business owner, independent contractor or otherwise self-employed and own real estate and you are in need of a COVID-19 business loan, you may be able to qualify for a privately funded business-purpose loan secured by your property.

These privately funded business-purpose loans can be used for any business-related expenditures such as payroll, equipment, technology expenses, improvements, etc. For example, does your business need to make COVID-19 related improvements in order to reopen? Perhaps a COVID-19 business loan is needed to install plexiglass shields to protect your employees or add a drive-thru curbside pick-up window and accompanying intercom?

When looking for a COVID-19 business loan, a privately funded business purpose loan may be the way to go to get the funding you need quickly in order to get your business back on track. Often we can close these business purpose loans within one week. Keep in mind that 50% of the loan proceeds must go to the business to qualify.

Privately-Funded Business Purpose Loans May be Easier to Obtain Than COVID-19 Stimulus Funds

With a business purpose loan from Excel TDI, there is no lengthy application process that traditional banks and lending institutions require. Just give us a call or email or complete our preliminary borrower loan request online. Once we receive your inquiry, one of our loan officers will help you through the brief qualification process.

You’ll be asked to take photos of the subject property for our appraiser and the remaining application and approval process will be completed via email. The loan-to-value ratio must be under 65% to qualify.

Our privately funded business-purpose loans are available in terms of 1 to 3 years and can be interest-only to help keep loan payments low and affordable.

Whatever your unique borrower situation, Excel Trust Deed Investments can help point you in the right direction and determine if a business purpose loan is right for you. Contact us today.

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7 Situations Where a Hard Money Loan Can Help

Considering a hard money loan? Hard money loans, or private loans, get a bad wrap. But there are genuinely appropriate lending scenarios when a hard money loan is the best option. Take a look at the following hard-money lending situations and borrower profiles. These are just some of the critical times when a hard money loan can save the day and the deal:

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What is a Trust Deed Investment?

Also known as a deed of trust, a trust deed is a document that represents an agreement regarding real estate property between a borrower, a lender, and a trustee. Simply stated, a trust deed investment is an investment in a private real estate loan by an individual or group of individuals.

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A Unique Lending Opportunity

Private lending - handing over the keys We need borrowers.

At the end of 2017, we received several large loan payoffs. Add this to our backlog of investors with funds to invest and we’ve found ourselves in a unique position with a unique private lending opportunity- we need loans.

Why you should consider private lending with Excel TDI, Inc.

Over the past three years Excel TDI, Inc. has established itself as one of the leading private lenders in the San Francisco Bay Area. We can fund many loans that our rivals simply cannot. We approve most loans by the end of our first discussion with our brokers, pending receipt of the loan package. We do not take days of your time to make life-changing decisions, but moments whenever possible. Our lending limits are much more generous than traditional lenders as our investors are able to choose their own lending parameters (within lending regulations.)

If, as an agent, you are being strung along through a never-ending approval process or your clients are being turned down by other lenders, please take a moment and call Excel TDI or email us. Give us a chance to close your loan. Over the last several years, in many cases, we’ve had loan docs in escrow within 24 hours. We have hundreds of closed loan success stories to share. Let us add your client to our growing list.

Call +1 (408) 564 7690 or contact us at loans@exceltdi.com

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Excel TDI, Inc. Closes $2.5 M Bridge Loans in 7 Days

Excel Trust Deed Investments (formerly Excel Financial) is quickly becoming the Bay Area’s bridge loan leader. Just last week we closed a $2.5MM 1st bridge loan in Atherton. We began the process with a bare-bones file. We were ON RECORD 10 days from the day we got the call from the broker.

The borrower found a home outside of the Bay Area and was set to retire. Because of the impending retirement, their income has been reduced and therefore couldn’t qualify for a conventional loan. We provided them enough cash out to pay cash for their dream home and cover the cost of the move. The Atherton home will be cleaned up, staged and listed for sale. Once sold they’ll pay off our loan and pocket the difference.

Many brokers are running into scenarios similar to this and have no idea where to turn. They end up advising the seller to sell the home and wait to buy the new home. With an appraisal, prelim, basic financial info and a solid exit strategy we’ve been able to help dozens of Bay Area home Realtors and Brokers get their listings sold and keep their clients satisfied.

In addition to bridge loans, we’re able to close business-purpose loans self-employed borrowers) with multiple needs, equity loans for any purpose and debt consolidation loans.

Since we’re a private lender our loans are based on equity more than credit or job history.

If your client cannot qualify with an institutional lender, please give me a call. We’ve closed hundreds of tough loans over the past 32 years.

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Excel TDI, Inc. – Your Leading Private Lender in SF Bay Area

Good morning!

We have a good problem to report! Over the past few weeks we’ve received several large payoffs…add this to our backlog of investors with funds to place and we’ve found ourselves in a unique position. We need loans.

Over the past 3 years we’ve established ourselves as one of the leading private lenders in the San Francisco Bay Area. We can fund many loans that our rivals simply cannot. We approve most loans by the end of our first discussion with our brokers, pending receipt of the loan package. We do not take days of your time to make life changing decisions, but moments whenever possible. Our lending limits are much more generous as investors choose their own parameters (within lending regulations.) If you are being strung along or your clients are being turned down by other lenders, please take a moment and call me or email me and give me a chance to close your loan. In many cases over the last several years we’ve had loan docs in escrow within 24 hours. We have hundreds of closed loan success stories…let us add your client to our growing list.

Warm Regards,

Sheldon

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Hard-to-Close Loans? We’re what you’re looking for!

A Specialized Business Model

We understand that not all properties and borrowers can qualify with institutional investors and larger lenders. This is what we’re looking for!

We’ve built our business at Excel Financial and Excel Trust Deed Investments, Inc. closing these loans over 32 years. This is a record year for closed loans. It’s also a record year for payoffs! This means our investors have more money to fund your loans.

Call Us First

Borrowers with credit issues, employment issues, income issues or any of the issues that life throws one’s way, call us at (408) 564-7690.

We can give a preliminary approval over the phone with most scenarios, and in most cases have loan docs in escrow within a couple of days. We can fund up to $5,000,000.00 these days, so don’t sell us short on your larger deals.

Sincerely,

Sheldon