entertainment companies grand rapids
Looking to Refinancing Your Entertainment business Property?
With all of the glitz, glamour, bright lights, and big money associated with the entertaining industry, its not surprising why so many look for it as a career choice. Of course, this doesn't always take the form of a vocation either in front of the cameras or behind them. The entertaining sector also can include owning clubs, cinemas, concert venues and theatres, comedy clubs, and even neighborhood pubs.
If you already own one of these conglomerates, now might be a good time to think about refinancing a commercial entertainment building, especially if you got your original financing during the peak of the real estate bubble, with its overinflated property values and assessments.
But how does one go about refinancing a commercial property building that may now only be worth a small part of what you paid for it, and less even the indebtedness on the original mortgage.
The Web site eHow.com offers one or two proposals for refinancing a commercial entertainment building. One.) Visit your bank or credit union and speak to a loan officer about the kind of property you wish to refinance. Two.) Apply for the commercial mortgage programme that meets your needs. 3.) Submit the documents that she/he requests. And wait. And wait. And wait.
Naturally, as with many things in life, there is a faster, simpler, and less terrifying way to refinance an entertainment property. You could cut to the chase and apply directly to Venture Funding Group for the Small business Administration (SBA) 504 Programme.
Congress has permitted the SBA to approve up to $15 bn. in loans under this programme thru the Roles Act of 2012. No loan subsidies will be needed from taxpayer funds. This programme is predicted to benefit approximately 20,000 small firms, including those refinancing a commercial entertainment building.
The SBA 504 Programme isn't a direct corporate loan from the govt. It is a govt. guarantee programme for loans obtained thru banks, credit unions, and other non-public commercial banks. The interest rates are low and fixed for the length of the loan. Borrowers can still qualify with FICO scores below 680. And, maybe best of all, under the SBA 504 Programme, enterprises ( including those refinancing a commercial entertainment building ) can borrow up to ninety percent of the loan-to-value (LTV) of any commercial property owned. Existing SBA 504 loans and other government-guaranteed loans aren't eligible for refinancing under this programme.
Entertainment venue owners are finding out how to finance up to $2 million using an SBA Corporate loan obtained thru the Venture Funding Groups SBA 504 programme.
Venture Funding Group pioneered the Fast Track Program. This programme digitises your loan application bureaucracy and gets it in front of the decision makers at a wide variety of sources virtually right away.
To learn more, click www.thesbaloan.com now for your positively free consultation and information. Or call us at 1-800-578-4884, if you prefer.
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Double Diamond Party And Event Solutions, Inc. Grand Rapids, Michigan
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