From our offices located in Durango Colorado, we are able to help our business clients build their business with creative financing solutions.
Credit exceptence has taken many turns and switches in the past year. I recently dealt with a client in Denver Colorado. The situation was in the area of residential lending so he turned to me me for consultation.
He wanted to get a simple home equity loan of $50,000 on his residential mortgage, for the payment of his daughters tuition for her last year of college.
Let me set the stage here of his qualifications, for financing at his local bank.
- 790 Fico Scores
- Owns his home
- Owns three rental properties (can show consistient rental history)
- Owns his business of three years, making around $55,000 per year
- Never Late on Payments
- His wife holds a full time job
One problem here and that problem was the fact that he pays all credit cards off at the end of the month. This conserns the Banks because they say he has limited credit.
Using this scenario I was able to secure for him a Commercial loan in the amount of $50,000 for his daughters tution, based on his business life not his personal life.
In todays finance world things have changed. This is why if you do not have someone with the experience, the knowledge of how to make the deal work you won't close the deal.
And today you no longer can count on the Banks to approve your Commercial Loans. You need the edge the people who can step out of the box to close the deal.
Durango Commercial Group has the knowledge, the software, and the edge to reconstruct your credit if needed or the products to help you if you would like to attempt it your self.
For sixteen years we have continued to live by the statement,
"PROMISE LESS, DELIVER MORE"
