Commercial Financing: Unleashed
As The UnBankers continues to grow, we often receive the question, how are your services different from a normal bank? Though this question could warrant a long-winded answer filled with endless financial jargon and countless statistics, it is more valuable to show you what we really do.
Here at The UnBankers, we are passionate about turning the commercial financing world on its head in Canada and the United States. We aim to interact with our clients in an unapologetically different way in order to provide fast funding for small to mid-market sized companies. In order to truly understand the essence of what The UnBankers do, we wanted to share with you a real-life success story from one of our recent clients.
Case study:
Details:
Sub $1M cash-out of commercial property
Value: $2.5M
The bank was not able to approve so they sent the deal to us to obtain approval
Reason for decline: didn’t fit credit window; low personal credit scores, lacking additional income
This is where we came in…
The UnBankers Solution: We secured a bridge loan for the client. The Client will then pay off some debts; refer to credit repair and come back in 6-9 months for refinance/stabilization.
You see, when one door closes, we don't just open another one. We blast it wide open. This is the essence of The UnBankers - where the rejected, the non-conforming, the 'just doesn't fit' cases find their home. We don't stop when we see problems; we work personally with our clients to implement creative solutions.
You know what we did next? We didn't just offer a solution; we threw in a lifeline that our client hadn't even considered: a bridge loan. It’s like building a bridge over troubled waters and saying, "Hop on, we've got you covered."
With this bridge loan, our client could pay off some of their debts, giving their credit health a much-needed boost. We even pointed them towards credit repair resources to elevate their credit standing. They now had the tools they needed to effectively improve their business and get one step closer to securing the money they needed. So, they'll return in 6-9 months for refinance and stabilization once their credit improves.
This story does not represent an isolated case, at The UnBankers our work is more than just pushing papers and crunching numbers. We're in the business of creating tailored, out-of-the-box solutions that help each of our clients navigate the treacherous seas of commercial financing. Because in our world, everyone deserves a moment to shine, they just need to be given a chance.