The year 2020 has been an unprecedented and unpredictable year to say the least. We have been cautiously quiet the last few months in terms of posting any article insights, as we have been very active in the market and monitoring it closely.
Our firm focuses on financing our clients in the Business, Commercial, and Residential industries. These industries have been heavily impacted.
Once market shut downs began in March 2020, we immediately pivoted to the SBA Paycheck Protection Program loans which are set to expire later this week on August 8th 2020. (Click here to apply for the SBA PPP program)
Thankfully, we were successful to assist many business owners to obtain financing and keep their businesses alive with many employees hired.
After SBA PPP, we rolled out a membership program that assists business owners with obtaining additional government grants and loans as well as credit development to assist borrowers to qualify for those products. As long as a business owner had company revenue in 2019 and has above a 660+ credit score then this program has been mostly successful with limited or no documentation required and fantastic terms. Knowing how to best apply is the most important part. (Click here to become a member, then apply for Government Loans)
We have been successful in procuring Residential loans during the pandemic even though the non governmental programs have had a challenging transition, but are now getting back to normalization little by little every week. For investment properties we can finance through Nationwide Lending Direct. For Florida properties, rates have been fantastic here for residential government products through our licensed Florida mortgage company Nationwide Mortgage Direct with NMLS #1753314. (Click here to apply for Residential Loans)
Unfortunately, the commercial finance market has been volatile on all sides of the aisle. Uncertainty in both borrowers and lenders have made it difficult to accommodate everyone especially as commercial tenants are facing all sorts of challenges and lenders are lending based on real time data of what is likely to succeed. We have government programs available that work well during these times. We have the ability to finance bridge, conventional, and government loans, although this industry now requires complete cooperation of the borrowers to achieve success. (Click here to apply for Commercial Loans)
What lies ahead:
A lot of businesses have been severely affected by the market and we have been here by everyone’s side funding hundreds of business owners to assist our economy in the recovery efforts.
We look forward to continuing to assist everyone, especially by making available our new technology we developed over 2 years rolling out to our members which allows our clients to have direct access to us with over 100 financial products that include the few products which are currently working exceptionally well in today’s environment for those with matching qualifications. (Click here to become a member)
We wish everyone great luck and will continue to keep you informed as to what is working in today’s environment since it is not the same financial environment prior to the March 2020 COVID-19 shutdowns.
Now more than ever, it is a critical time for us all to unite and assist each other to succeed.
Let’s make the remainder of 2020 a successful year for us all by working together intelligently and cooperatively.
Nationwide Lending Direct