Radix Funds $1,685,000.00 for Property Acquisition, Debt Refi and Working Capital for small law firm3/17/2022  When the owner of a successful law firm wanted to purchase an office building for $1,350,000, he turned to Radix for help. He did not want to put all of his free cash into a down payment and drain his working capital reserves -- especially when he already had $112,000 of high-rate debt on the books. Borrower's Issues
Radix's SolutionThis type of transaction is Radix’s bread and butter. Not only were we able to help this lawyer purchase the building, which saved him thousands of dollars per month in rent, we were able to refinance his earlier debt. Radix even helped him secure an additional $360,000 in working capital, all in the a single transaction! At the end of the day, we funded $1,685,000 - including only $135,000 as a down payment. This borrower ended up with more than double the working capital he started with.
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 When the owner of a very profitable luxury and designer handbag dealer needed $3,500,000 to purchase inventory for the holidays, he called Radix. His own bank was offering less than half of what he needed, and being underfunded going into his most profitable time of year was less than ideal. Thankfully, he had seen Radix’s advertising a few months previously, and decided to give us a try Borrower's Issues
Radix's SolutionGreat credit? Great cash flow? Perfect. While other banks balked at this entrepreneur’s request, Radix was able to fully find him. Radix loves to help businesses that consistently turn a profit, even if their collateral is unconventional (or sometimes non existent).
 The owner of a construction company wanted to refinance $100,000 of high-rate debt into a single, ten-year loan. Sounds simple enough but, without collateral, he could not find a bank willing to give his business a fair shot. Luckily, he found Radix online and gave us a call. Borrower's Issues
Radix's SolutionNo collateral is no problem with Radix Financial Group. Despite a credit score lingering around 650, Radix was able to wrap up this debt refinance in under one month! The business showed strong profitability and, at Radix, cash flow is king. In fact, we even threw in $50,000 of working capital to help the construction company keep on building.
 When the owner of a stereo manufacturing company wanted to refinance $1.2 million of high rate debt into a single, ten-year loan, he was declined by multiple banks. His business’ cash flow was negative, and - without collateral - most banks would never consider such a risky debt refinance. So he approached Radix to see if we could help facilitate the consolidation. BORROWER’S ISSUES
RADIX'S SOLUTION From the beginning, it was obvious that the borrower could save on rent by purchasing his property. By combining the debt refinance with a real estate purchase, the borrower could even extend his amortization, drawing the entire loan amount out over 25 years while lowering both his rates and rental payments in the process. The borrower was thrilled with the idea, and the current landlord was happy to sell. Less than 90 days later, the borrower was paying about $25,000 less per month -- and the property title was in his name.
 When the owner of a beauty salon wanted to expand, he reached out to request $200,000 he would invest in marketing,new employees and a revamped website. He also wanted to refinance about $140,000 in high interest debt. Most banks are not willing to lend so much capital to a small beauty salon without any collateral, but at Radix, we saw the business owner’s potential and decided to work with him. BORROWER’S ISSUES
RADIX'S SOLUTION Final approval for this loan was difficult to obtain. Despite strong profitability and a good credit score, $200,000 in working capital is a very large request for a small, independent salon. However, after the business owner and Radix were able to collaborate on a short, simple and sensible use of proceeds plan, his request was soon approved. Thanks to Radix, the owner projects to double his revenue over the next two years. We could not imagine a lovelier outcome.
 When a Florida-based landscaper applied to refinance his high rate debt and purchase his property, he was was in line to save tens of thousands of dollars per month. So he was understandably puzzled that, while the property had been on the market for months, he had been declined by multiple banks and unable to close the deal. The landscaper turned to Radix very concerned that another borrower might purchase the property and he would have to move to a new location. BORROWER'S ISSUES
RADIX'S SOLUTIONThe major issue with this loan was simple. The borrower needed a total of $2M to purchase the property, refinance his debt and obtain working capital to grow his business. Unfortunately, his collateral was minimal: the value of the property he hoped to buy was only $1M and the total loan to value ratio when calculating all collateral was 148%. Most SBA lenders cap their financing at 80 or 90%. Luckily for the borrower, Radix views loans differently. The business was profitable enough to afford the debt, and between refinancing his high rate loans and reducing future rent payments, the borrower would not only build equity and secure additional working capital, but actually save money each month! While most banks would never consider a loan like this, Radix mowed it past the finish line with ease.
To learn more about our different financing options, contact a Radix representative today  In early 2017, Radix funded a $350,000 SBA debt consolidation and working capital loan for a Health and Fitness Club. Eighteen months later, the club’s owner called and asked if we could help him apply for additional capital. Because Radix had previously funded the business on great rates and terms, even though he did not have collateral to offer, he did not even bother applying to his local banks before coming back to us. BORROWER’S ISSUES
RADIX'S SOLUTION Most banks would never consider lending a second position SBA loan to a business without collateral, especially so soon after it had obtained a first. But Radix was more than happy to tackle the challenge. The business was growing steadily, it was profitable, and the owner made all his payments on the first loan on time and maintained great personal and business credit. From our perspective, the first loan was such a success, it should not have been a barrier to additional financing. Unlike many other SBA loan providers, Radix is not afraid of second position SBA loans. Just because the borrower took out smart money once does not mean he should be barred from borrowing wisely again.
 After he had been turned down by multiple local banks, the owner of a biodiesel company contacted Radix hoping to secure $2 million for equipment and working capital. The potential borrower could not understand why lenders were only willing to fund him at high interest rates. After all, his business was grossing over $10 million per year, and he had over $8 million of equipment he had offered to pledge as collateral. BORROWERS’ ISSUES
RADIX'S SOLUTIONAfter Radix took a look at his financials, we were able to easily identify the borrower’s issue. Although he had great credit and steadily-increasing revenues, he had already taken out over sixty five separate equipment loans and business credit cards totaling around $3 million, and each one demanded high monthly payments. All told, the borrower was paying over $120,000 per month just to service his debt. Our solution was simple: Radix consolidated the borrower’s existing loans and lengthened the amortization to ten years. Even after providing the additional $2 million he had been looking for, we were able to reduce the borrower’s monthly payments by $40,000.
 When a long-time convenience store manager decided to purchase a store for himself, he reached out to several different banks to help turn his dream into reality. He came away from those meetings discouraged. He only had enough money for a 10% down payment (most banks require at least 20%) and did not have any outside income to support him if his new business got off to a rocky start. Luckily, someone referred the manager to Radix, where we specialize in helping borrowers just like him. BORROWER’S ISSUES
RADIX'S SOLUTIONAlthough the loan application had some obvious deficiencies, Radix prefers to focus on the positives of every potential client. The borrower had a successful history managing convenience stores and had demonstrated strong financial discipline by saving up for years to reach even the 10% down payment he could offer. In addition, because he was purchasing both a property and the business on top of it, the loan was collateralized. Despite the fact that so many local banks had refused to work with him, Radix was able to -- in the borrower’s own words -- make his “dreams come true.”
 When a successful veterinarian needed to consolidate six business credit cards and a high interest loan into a single payment, he was declined by multiple banks. He had good credit, a long-standing practice, and his profits were high. He could not understand the problem and almost gave up on financing completely. Luckily, he received some Radix marketing material, and gave us a call to try his luck one more time BORROWERS’ ISSUES
RADIX'S SOLUTIONRadix was able to quickly identify the problem. Many banks prefer not to refinance borrowers with so much debt or move into second position behind an existing SBA loan. Radix, meanwhile, does not hesitate to do either. We love to consolidate debt for growing businesses and are happy to place a lien behind another SBA loan. This borrower was our ideal client and had very strong financials. Before our loan, the borrower was paying $7,400 per month toward his half-dozen credit cards and high-interest loan. After we helped him refinance and provided an additional $100,000 of working capital, his monthly payments were just $4,150. The veterinarian was thrilled to get out of what could only be described as a hairy situation.
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