If you are looking to lease anything from a new boat, truck, car to a pizza oven, ETC provides the most affordable leasing programs. We are able to provide equipment leasing for just about every type of business. Additionally we have a lease back program that allows you to access capital through your existing equipment assets.
· All IRS recognized lease structures and end of term purchase options can be considered.
Accepting credit cards has become an important asset to any business. Having the capability to process credit transactions can drastically increase sales. We offer the lowest rates in the industry, because we believe that merchants should never overpay for something essential.
Don’t want to accept credit cards? No problem. Supplement your sales with an ATM and add an additional revenue stream for your business. ATM’s allow business owners to both encourage cash sales and earn extra funds.
Stop making unnecessary back and forth trips to the bank just to deposit a check. With our check imaging service you can authorize and deposit checks from the comfort of your chair. Checks can be accepted like credit cards and funds deposited directly into the bank account within 48 hours.
A simple refinancing program for properties in need of reducing their monthly debt exposure or simply taking advantage of a discounted payoff, this program allows merchants to extract cash from equity to increase working capital, expand their business, or simply keep the operation moving forward.
We offer a couple of solutions which are typically between 1 and 10 years.
A commercial rehabber/investor can use a hard money loan for short term financing. Once a property has been renovated and sold for a profit, the funds are repaid and we can often allow the borrower to use the funds again on the next project. The average closing time for an approved loan is just two weeks!
A bridge loan (bridging loan) is a short-term loan which bridges the Borrowers plan from one point to another. The bridge loan is useful when a Borrower only needs financing for a short time frame where a long-term fixed rate loan does not make sense. A hard money bridge loan can be used by a real estate developer, or other business entity to take advantage of commercial opportunities that don't fit into the traditional bank standards. Our typical maximum loan-to-value allowed on subject properties is 75%. Additionally, Borrowers are required to have a minimum of 10% cash or equity invested in a project when applying for a bridge loan; this is known as "skin in the game".
If a developer has a construction project that is at least 75% completed, they can obtain a hard money loan to pay off the construction lender and complete the project. A hard money loan can also be used to bridge the gap between a completed project and standard financing from a bank or traditional lender. With an End of Construction Pay Off Loan, A developer can use the collateral of the current project to raise capital for the next project.
Commercial cash out refinances allow you to extract equity from real estate you already own. It can be a quick way of generating additional working capital to be utilized as you see fit.. Once all required paperwork has been submitted to our office, your hard money loan will fund as quickly as one week.
A hard money loan can be used to prevent foreclosure on a commercial property. A pending foreclosure can be stopped, if a property can be collateralized for up to 65% of its loan to value, based on the quick sale value of the property.
A hard money loan can be used to purchase real estate if a borrower does not meet conventional bank standards or does not have time to wait for a traditional banks typically slow lending process. Hardmoney allows for things that banks never allow: low or no credit scores, incomplete construction, property in need of repairs, etc. Hard money funding can be used to quickly work around these financing problems and provides the opportunity for a savvy investor to acquire new properties.
This kind of hard money loan is for foreign investors who want to purchase commercial real estate in the United States. All sorts of property can be considered for hard money funding, including; commercial, industrial, residential, hospitality, rehabs, etc. Few restrictions exist for countries with notable exceptions being Borrowers from, Afghanistan, Venezuela, Iraq, etc.