$1 Million Dollar Unsecured Loan
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One of the main problems for companies and any person when requesting a loan is usually the credit score. However, there are many cases where providing collateral is a worse nightmare. This is why options like $1 million dollars unsecured loan are more popular nowadays among people in St. Lucie County.
After all, unsecured loans are known for one characteristic in specific: you do not have to provide collateral in order to apply for them.
Those that are known as “secured loans” are credits where the collateral provided is part of the most important requirements for the lender. However, unsecured ones are the entire opposite, and instead, your creditworthiness is what matters the most. For companies or individuals with a good or excellent credit score, this type of loan is the best option since it does not limit them to finding an asset or property that is not only worth for the lender but also can finance over 50% of the funds requested in the loan.
That being said, all lending institutions and companies have different requirements for their credits and even more for those like a $1 million dollar unsecured loan considering the sum of money involved and how they will not have collateral to rely on. As you can guess, these loans put the lender at risk since they are unable to charge you for the loan unless you pay your quotes and follow the terms and conditions established.
But due to this, other requirements are also added and more difficult to fulfill in certain cases. Now, we are only able to provide details about the requirements in our company, Commercial Real Estate Loan Pros of Port St. Lucie. We are private lenders that usually work with fewer requirements when compared to banks and traditional lending institutions, and it is not different for this unsecured loan. However, we are tight and strict about them in this case due to the nature of the credit and how we have to make sure that if you are either a business or particular, you are compromised to pay for the funds.
How to qualify for our $1 million dollars unsecured loan
First, make sure to have either a good or excellent credit score, not less than that. We allow possible borrowers to apply with someone else’s credit score as long as there is an authorization signed and the person visits our offices by your side if your loan is approved by our team. In this way, we will make sure that every procedure is legal and you are using a reliable person as your credit score.
Second, provide all the details about your finances, annual revenue, records, and if you are a company, we need to know how you handle the expenses. Since allowing both businesses and individuals to apply for this $1 million dollars unsecured loan, we have to establish a few more requirements when it comes to companies. Finally, the rest of the requirements consist of the usual information: basic documentation, details about how you will use the funds, and if you will finance personal projects or for your company instead.
At Commercial Real Estate Loan Pros of Port St. Lucie, we are available all year round for you to request this loan and our team will review your application within the first 24 hours after you send it to make sure we get back to you you you in no time.
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.