Are You a Small Business Owner? Do you want to be?
When looking to start your own small business the first thing you need is Money! If you are unsure where to find it, maybe you should look at your home. Do you have equity?
When you are just starting a small business or expanding one, pulling the equity out of your home to pay for what you need, may be the answer.
There are two basic options. If you do not already have one, you can take out a second on your home or a HELOC. With a HELOC you could take out small amounts at a time, as needed or a large amount all of it at once. The other option is to do a complete refinance of your home. Either way is available and we can help you obtain it at www.mortgageyes.com.
We recently did two different loans for our clients to help with a new small business and an expansion of an existing business. The first client was looking at purchasing a tanning salon, but did not have the money saved to make the down payment. The client came to us in about two weeks had the seller of the salon paid and their dreams coming true! The second client owns a shop and wanted to expand into the space next door to his, when it came open. This was going to cost quite a bit with the renovations and the client wasn’t sure where to find it, until he gave us a call. In this case the client just took out a second on their home to get the money they needed. Quickly they had the money they needed to expand their dreams!
