Often, borrowers come back to Radix for seconds, and understandably so. Why spend time searching for financing when Radix has already proven to be a reliable and trusted source? When the owner of an auto repair shop, who had just financed an SBA (Small Business Administration) loan to open a second location, wanted to purchase new state-of-the-art equipment, he knew exactly where to turn: the same company that had helped him obtain that original SBA loan.
While the business could not offer collateralization, it still enjoyed a positive cash flow. No bank would ever consider offering uncollateralized financing to a business with such a large tax warrant, and surprisingly, most non-traditional lenders would not either. Luckily, Radix was able to help yet again.
We were able to offer the client $200,000 in working capital, uncollateralized, on a three year term at 11.19%, just two weeks after we started working with him again. With Radix’s help, the second auto repair shop location is now open for business and operating with the same state-of-the-art equipment as his original location.
To learn more about the different financing options we offer, contact a Radix representative today.