All Forum Posts by: Karen Schimpf

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Discover the Perfect Solution for Your Business - Secure Your Working Capital Loan Today!

As a business owner, I understand the importance of having adequate funds to fuel your daily operations and drive growth. That's why I want to introduce you to Commercial Capital, where we specialize in providing working capital loans that can give your business the financial boost it needs.

Let's face it – every business requires money to thrive. I've yet to witness a business downfall solely because they had too much capital. Small businesses, in particular, often face a constant need for cash. Fortunately, we have an incredible array of cash sources that are readily available for small businesses like yours. Allow me to share a few of these remarkable options.

Unsecured Business Lines of Credit

If your business has been operating for over two years, and you, as the owner, possess a strong credit history, we can secure unsecured business lines of credit of up to $300,000. These are not your typical credit cards. Instead, they are traditional lines of credit that come with a checkbook and other essential features. While these lines of credit were easily accessible before the 2008 financial crisis, they have become increasingly difficult to obtain – until now. With our expertise, we have direct access to these funds!

Non-SBA Expansion Money

For newer businesses, obtaining financing can be incredibly challenging, as most banks consider any business under two years old as a startup. But fear not, as we have a solution! We offer non-SBA business-only funding with interest rates as low as 7.99%. This type of funding is ideal for businesses in need of immediate cash injections. It's important to note that these are not merchant accounts receivable loans (which we also offer based on your business's credit card receipts). Instead, they are actual funds that solely rely on the owner's credit. Plus, the credit established will not reflect on your personal statement unless you default on the loan.

The Widest Range of SBA Products Available Anywhere

At Commercial Capital, we take pride in our extensive network of over 100 sources for SBA financing. Our options range from loans offering 100% financing specifically tailored for doctors, dentists, and veterinarians, to partner buyout funds, expansion capital, debt consolidation, and working capital loans. Our SBA working capital loans stand out because they require no appraisals, no loan committee underwriting, and no SBA fees – a truly hassle-free experience.

For Larger Businesses

Experience the Power of SBA Acquisition and Expansion Loans up to $5 Million - Including Goodwill!

When it comes to our wide range of offerings, I'm thrilled to introduce you to our SBA acquisition and expansion loans that can reach up to $5 million, specifically designed to include goodwill. Now, it's essential to note that not all SBA lenders are willing to finance goodwill or offer loans without requiring property as collateral, but we do.

At Commercial Capital, we understand the significance of goodwill in acquisitions and expansions. We recognize that this intangible asset holds tremendous value and plays a crucial role in business growth. That's why we proudly offer SBA loans that encompass goodwill, enabling you to finance your acquisition or expansion plans without the need for property collateral.

With our expertise and commitment to providing comprehensive solutions, we ensure that your business ambitions are fully supported. Whether you're looking to acquire an existing business or expand your current operations, our SBA acquisition and expansion loans will empower you to seize opportunities and take your business to new heights.

Don't limit your possibilities with lenders who shy away from goodwill-based loans or require property collateral. Choose us, and together, we'll unlock the true potential of your business. Explore our SBA acquisition and expansion loans today and witness the difference our personalized financing solutions can make.

So, why wait? Take advantage of our expertise and let us help you secure the perfect working capital loan for your business. Come to us, and together, we'll ensure your business thrives with the financial support it deserves. CALL TODAY at 512-358-1511 or get started by filling out this form

Karen Schimpf

(512) 358-1511

[email protected]

www.ApplyCommercialLoans.com

Give me a CALL TODAY at 512-358-1511 or get started by filling out this form!

Call Karen today at 512-358-1511 to see if you qualify. 

Come to the Williamson County
and Northeast Travis County Commercial Property Exchange Networking Event!
Meeting every 1st Thursday of the Month
Williamson County Association of Realtors
123 E.Old Settlers Blvd.
Round Rock TX 78664
Meeting begins at 8:30 am and ends @ 10:00 am
COMMERCIAL PROPERTY EXCHANGE NETWORK for Commercial Realtors

Act Now! Time is Running Out to Get ERC Government Money for Business Owners
Calling all business owners! I have urgent news for you. Time is ticking, and there’s a remarkable government program that you need to know about before it’s too late. Have you heard of the Employee Retention Credit Program?
The Employee Retention Credit Program, or ERC, is an opportunity you simply can’t afford to miss. It’s part of the CARES Act and operates similarly to the PPP and EIDL loan programs. However, there’s an important catch: it’s exclusively available to businesses that have been operational since February 2020 or earlier, successfully navigated the challenges of COVID-19, and employ more than five full-time employees.Now, brace yourself for some great news! Through the ERC program, you can receive an incredible credit from the US Government of up to $26,000 per employee if you have 5 or more full time employees. Yes, you heard it right! And the best part? Even if you’ve already received PPP funding or if your revenues didn’t decline, you’re still eligible to apply. Unlike the EIDL or PPP programs, the ERC program is not a loan. No repayment worries here!
Imagine the possibilities that the Employee Retention Credit can unlock for your practice’s growth and development. Whether it’s investing in new equipment, expanding your team, or pursuing exciting projects, these funds can make it all happen.However, here’s the crucial part: time is running out! With only nine months left before the program expires, procrastination is not an option. That’s why I strongly advise you to explore the Employee Retention Credit Program as soon as possible if you have 5 or more employees.
Discover if Your Business Qualifies if you have 5+ employees: Give me a call TODAY for a No-Obligation Review at 512-358-1511 or start here to complete the form.
Employee Retention Credit – ERC Bottom Line Savings
Don’t let this incredible opportunity slip away! Take action now and unlock the advantages of the Employee Retention Credit Program today.

Karen Schimpf
(512) 358-1511
[email protected]
www.ApplyCommercialLoans.com
Give me a CALL TODAY at 512-358-1511 or get started by filling out this form!

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Despite concerns of an impending recession, there are positive indications within the business landscape. While acknowledging the potential challenges, it is important to recognize the continued vitality of the economy and the potential for growth in various sectors.

One notable trend is the rise in private money loans, accompanied by a growing demand for quick loan closings. While this sense of urgency may raise some concerns, it is worth noting that simultaneous closings of Small Business Administration (SBA) loans, including those for construction projects, are also taking place.

For instance, a ground-up construction loan of $20 million for a hotel is scheduled to close next week. The borrower's strength lies in their $5 million land equity and cash investment in the project. The construction is supported by a total of $15 million, with $10 million from my lender and $5 million from the SBA.

Although construction lending, especially for specialized projects like hotels, has experienced a slowdown, there are still lenders willing to provide construction loans. Recently, I obtained approval for another ground-up construction deal valued at $22 million, utilizing the 504 loan product from a different lender.

The majority of the SBA loans I handle involve purchases, construction, or franchise startups—essentially, loans for expanding businesses. While risks and challenges persist, there are signs of resilience and positive developments. Maintaining awareness of potential outcomes without succumbing to fear is crucial. Take proactive steps to organize your affairs, nurture a positive mindset, and face challenges head-on. As the Bible wisely advises, "Do not fear." May you have a blessed week!

P.S. Fun fact: Although construction financing has become more stringent, and investors are facing difficulties in finding viable deals given the current interest rates, SBA and private money loans continue to flourish. Businesses are still growing and starting up, and individuals are swift in closing deals to capitalize on opportunities. If you or someone you know is seeking to expand or grow their business, or if you require prompt commercial loan closings, please don't hesitate to reach out. We are available and prepared to cater to your needs. Give us a call at 512-358-1511 or visit our website to get started.
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Current Business Trends and Positive Developments Amid Economic Uncertainty

I get why people think there might be a recession, but from where I am in my business, things still look pretty good. The economy seems to have some life left in it, and I even have a feeling that stocks might do well for a couple more months. So, what's happening in terms of closings?

There's been an increase in private money loans lately, and the demand to close them quickly is growing. This can be seen as a negative since desperation isn't usually a good thing. On the other hand, many SBA loans are also being closed, including those for construction projects.

For instance, this month we have a ground-up construction loan for a hotel, totaling $20 million, which is set to close next week. The borrower is strong, as they have $5 million in land equity and cash invested in the project. We're providing a total of $15 million to support the construction ($10 million from my lender and $5 million from the SBA).

It's true that construction lending, particularly for hotels and special projects, has slowed down, which is another downside for the economy. However, there are still lenders willing to offer construction loans. In fact, I recently got approval for another ground-up construction deal worth $22 million from a different lender, also using the 504 loan product.

Most of the SBA loans I handle are for purchases, construction, or starting up franchises—basically, loans for expanding businesses. So, while there are definitely risks and challenges around, there are also signs of strength and positive developments. In my opinion, the best approach is to be aware of what could happen without letting fear take over. Get your affairs in order, stay positive, and be proactive. As the Bible repeatedly says, "Do not fear." Those are wise words to live by. Wishing you a blessed week!

P.S. Did you know? Construction financing HAS tightened and investors ARE struggling to find deals that pencil out with where rates are today, but SBA and private money loans are still booming. Businesses are still growing or starting, and people closing fast to take advantage of opportunities is REAL! If you or someone you know is looking to grow or expand their business or you have a need for quick commercial loan closings, give us a call today! We are still here and still busy and ready to serve your needs….Give me a call at 512-358-1511 or go here to get started.

Call Karen today at 512-358-1511 to discuss your commercial finance options. 

Click this link to watch a short video on SBA 7(a) Loan Program: Empowering Small Businesses with Financing Options.