Why Work With 5 Star Commercial Funding?
At 5 star associates we can help eliminate the biggest headaches you face when
dealing with a bank:
• Banks have a habit of saying NO. It’s frustrating and demoralizing to lay it all on
the table for someone and have them reject you. We are not saying we can
help everyone, but 90% of the clients we find financing for have been turned down by a bank.
• Banks take a long time to make a decision. They have long lists of people
applying for financing, they have committees to consult, and red tape to deal
with. Meanwhile, you’re stuck waiting, hoping, that they approve you. Every
day they delay is another day of stress you go through. And the waiting can go
on for weeks, or even months.
With 5 star associates you’ll know within 48 hours (often within 24 hours) if it’s going to happen. Even if it’s bad news, it’s better to know than to wait.
• Banks require mountains of paperwork. We’ve simplified the process to
minimize the paperwork you need to do., we ease your burden allowing you to
stay focused on your business.
The biggest advantage of working with 5 star associates is hearing “YES” !
We have out-of-the-box financing options that traditional financing can’t provide.
The biggest concern people have before we start working together
“If you’re a bank alternative, you must be expensive.”
First, we always recommend you get your money at the best rate you can. If you
can get a better rate at a bank — then by all means, use that option.
Second, if the financing is more expensive when you come to us its not because we are more
expensive, its because you are in a situation that requires the lender to take a greater risk
We’ve had people say to us:
“The bank was quoting this rate.”
Our response is, “Well, did the bank give you the money?”
“No, they can’t give it to me.”
At that point, it’s not about price, it’s about finding someone to say YES.
If the bank isn’t an option for you, your choice becomes:
- Pay more for your financing (because there’s more risk for the lender)
- Or choose to go without your equipment or loan
What choice do you make?
The right answer is: Whatever makes sense for your business goals.
Inexperienced business owners look at interest rates as the only measure of “cost” financing. In many cases the true cost of financing isn’t the percentage attached to the loan, but the opportunity cost.
What will it cost if you DON’T get the equipment or the loan?
What happens if you can’t make payroll?
Or if your competitor scoops a large multi-million dollar contract because they have the equipment to handle production.
It’s true, the riskier the loan is for a lender, the higher the interest. But often, it’s worth it to pay more if it means reaching your business goals.
According to research, lack of capital is the #1 reason for business failure.
Whether you agree with that or not, it’s clear that if your money runs out, you’re dead in the if you’re in business, one the smartest things you can do is secure access to as much capital as possible, before you need it.
Do not take chances with the future of your business – it’s better to have access to more money than you need than to be caught short when the pressure is on.
We wish you every success with your business. We’ll be here if you need us.
Mail: 57 West 57th street 4th floor, New York, New York 10019