$1 Million Dollar Unsecured Loan
For most loans, especially those that involve a large sum of money, collateral is crucial if you want to apply for them. However, sometimes, you might find alternatives that seem unreal but are actually possible. Like a $1 million dollar unsecured loan, for example.
Unsecured loans overall, work without collateral which means you do not need to provide assets or properties that are worth the same amount of money you are requesting or even more. Instead, your creditworthiness is all that matters.
If you have a good or excellent credit score, you can apply for unsecured loans since lenders will trust in your capabilities and responsibility for repayment but still establish additional conditions and terms. Also, you will have to deal with higher interest rates and less time for repayment but this can vary depending on:
- The lending institution or individual you choose.
- The size of the loan.
- For what you will use the funds.
- If you have any active loans.
Now, most people believe that expecting a $1 million dollar unsecured loan is possible. After all, this type of credits range from $1,000 to $500,000, but it is quite rare to find one that offers much more. Well, this is because traditional lenders like banks and financing groups do not offer them in the first place. Instead, they do their best to avoid working with unsecured loans and rely on the usual requirements: collateral, credit score, and many others.
However, private lending companies like us at Commercial Real Estate Loan Pros of Jacksonville not only offer unsecured loans for small projects and expenses but also the $1 million dollar option. In our company, we care about collateral but creditworthiness means a lot more for us. Therefore, if you truly have a good or excellent one, the million-dollar is most likely to be yours.
At Commercial Real Estate Loan Pros of Jacksonville, we have been working with those loans for over a decade and the options we offer include helping you by providing funds for real estate properties or other expenses, either personal ones or related to your business. In our case, we only care about the requirements below in case you are planning to apply for our loans:
- Credit score—it does not have to be good or excellent.
- Collateral, which is usually the real estate property or an asset.
- Financial records—from your business or personal ones.
- Purpose of the loan—for what you will use it in specific.
It is quite simple to send your request to our team for any of the private money loans we offer for both businesses and individuals. However, keep in mind that the terms and conditions vary depending on the specific one and how much money you are requesting. On average, our interest rates range from 3% to 7% and we work with both long and short-term loans but we are more flexible with the deadlines for the entire repayment and can offer better LTV ratios in certain cases.
Therefore, do not hesitate to request our loans at Commercial Real Estate Loan Pros of Jacksonville, and rest assured we will do our best to come up with another option in case we are unable to approve the request you send.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.