PROGRESSIVE COMMERCIAL LENDING
Call 336-817-7280
On a regular basis we close Millions in fundings of SBA, Conventional and
USDA loans. Progressive Commercial Lending is known for even closing
Hospitality Construction at 85% LTV in 2013!
Clearly we don’t offer misleading quick pre-quals for commercial properties
that are not “cookie-cutter” loans, we will go over details with you and ex-
pect you to alert us to any warts in the application that may exist. (credit
included)
With Progressive Commercial Lending we want to show you the money!
As Integrity Mortgage Brokers, we invest our time or tell you why this isn’t
working, coach you on what it needed if we have a road block. Remember,
We get paid when you get paid. Integrity.
Here are a few recent unexpected examples:
A manufacturing business located in VA.
Due to a fire, the manufacturer has carried a loss. They have good equity in their real estate .Under these circumstances however, they have been turned down for loan requests for raw materials to be able to move forward with an expansion. (new Patton Pending product they created)
Solution: We at PCL are able to close non traditional financing using the equity in the property to get them 500k. They will be able to grow and quickly recuperate the losses from the fire and pay off the loan in less than two years.
A furniture manufacturer located in VA
A furniture manufacturing plant had some bumps in the road in the past 4 yrs. as so many businesses have. There was equity in the real estate both plant and showroom but the credit was imperfect so they had been turned down by SBA standards and current lender was foreclosing.
Solution: PCL is able to accomplish bridge loans at reasonable rates to keep them moving in forward directions where they will build new credit and be able to go back to SBA financing in 2 yrs.
Purchase Order Financing in NC
As many manufacturing business have struggled in recent years there can be credit issues.
We are hearing more stories of success where large companies are taking back their outsourced work and recognizing the value of what we have in USA. In between, they
may be declined from a loan request from the scars they bear.
Solution: PCL does work off the credit of the party issuing the Purchase Order. Within a short period of time, money for purchasing the raw goods is in their hands for them to move forward and grow!
Integrity Brokers
