 When the owner of an HVAC installation company applied for $350,000 of working capital, he was turned down by multiple lenders. Most banks are reluctant to lend so much to a small business without any collateralization. Compounding the potential borrower’s challenge, his personal net worth was low and his credit score hovered just above the SBA’s minimum threshold. BORROWER’S ISSUES
RADIX'S SOLUTION Despite the lack of personal or business real estate collateral, the borrower’s business was successful and - most importantly - profitable. Further, while his working capital needs were large, he could offer a detailed explanation for how he would use the cash infusion. While most banks focused on the borrower’s collateralization and scoffed at lending him so much cash, Radix looked at the overall picture and saw just how much the business stood to benefit from just such a boost. The borrower was blown away by just how breezy Radix helped make the process.
 When the owner of a boat rental company contacted Radix to consolidate nine separate high interest loans into one, he had already been declined by many local banks. His credit score was below 640, and he did not have any commercial real estate to offer as collateral. BORROWERS’ ISSUES
RADIX'S SOLUTIONDespite the trouble he encountered while trying to refinance, the borrower ran a very profitable business. In addition, his low credit score was mostly the result of having taken out so many loans and not because of anything more significant. Although he had been trying to refinance for years without any success, Radix was able to help consolidate all of his debts into a single term loan and lower his monthly payment from more than $15,000 a month to just $5,708. You might say that thanks to Radix, the borrower’s business can finally stay afloat.
To learn more about the different financing options we offer, contact a Radix representative today.  When the owner of a Health and Wellness Center contacted Radix to refinance $120,000 of high interest debt and obtain additional working capital, he had already been turned down by three local banks for a Small Business Administration loan. He was wary of wasting more time and was very skeptical Radix could perform any better than the banks were not able to help him. BORROWERS’ ISSUE
RADIX'S SOLUTIONWe were happy to explain that Radix is different from your typical bank. While most banks require strong collateralization, Radix can help businesses without any assets obtain very affordable rates. Once the borrower understood what separates Radix from his other options, he became eager to proceed as quickly as possible. He submitted all of the documents we needed within one week, and we were able to close the loan just one more after that. The borrower was delighted by how quickly we were able to help him save money and secure the funds he needed to expand.
With over $200,000 of extra working capital in his pocket, he is still paying $1,800 less than he had been to the high rate lenders. To learn more about the different financing options we offer, contact a Radix representative today.  When a concrete company suddenly needed to buy a brand-new truck for $220,000, its bank declined to lend because the owners had mediocre credit. Although the bank graciously offered to reconsider its decision if the owners managed to raise their credit scores, they could not afford to wait. Thankfully, their loan officer suggested that Radix could provide a faster alternative. BORROWERS’ ISSUES
RADIX'S SOLUTIONWe had to get a little creative with this one. Because the borrower’s credit was low, Radix needed to identify a lender that was willing to take the truck itself as collateral. Considering these two factors, Radix was able to present this deal as a no-brainer, and we helped the concrete company on the road in less than a week!
To learn more about the different financing options we offer, contact a Radix representative today.  After a year of rapid growth, the owner of an RV rental company had a good problem: he had more customers than inventory. So he wanted to purchase additional motorhomes to satisfy the unexpected demand. Unfortunately, he had taken out an SBA loan just one year before, and his bank would not extend additional capital after having already lent so much so recently. BORROWERS’ ISSUES
RADIX'S SOLUTIONAlthough the borrower’s credit was low, there were no major marks against him. Despite a lack of real estate to use as collateral, the borrower had a fleet of RVs he could offer instead. In short, his was an easy case. We consolidated all of his debt into one SBA loan, adding $600,000 for the purchase of brand new RVs while lengthening his amortization. Thanks to Radix, his business was back on the road in no time.
 After her longtime tenant left, one restaurant property’s owner decided that instead of finding a new one, she would simply start her own Chinese buffet in the vacated space. Unfortunately, most banks are wary of lending to start-ups, and even the bank that had helped her purchase the property in the first place was reluctant to to renew her note when it came due. Thankfully, the bank knew what to do with a good client it couldn’t help: it referred her to Radix. BORROWERS’ ISSUES
RADIX'S SOLUTIONWhile the property owner had never owned a restaurant before, she had managerial experience in the industry and created a solid business plan with very profitable and well thought out projections. More importantly, she was able to demonstrate a track record of profitability during her first few months of operation, before she came to us for help. Radix was able to finance over 100% Loan to Value on the property for a total of $170,000 in working capital, which the business owner used to market the revitalized business and purchase much-needed furniture, fixtures and equipment. After having heard so many “no”s from half a dozen different banks, the borrower was thrilled to finally hear a “yes”.
To learn more about the different financing options we offer, contact a Radix representative today.  When a husband and wife wanted to purchase a small print shop, they were unable to obtain financing because of a recent bankruptcy. To help them complete the sale, the seller agreed to carry the loan for three years. But when that three-year note came due, the business owners still faced the very same problem: they were unable to find a bank willing to refinance the debt because of that recent bankruptcy. Luckily, their banker referred the couple to Radix. BORROWER’S ISSUES
RADIX'S SOLUTION Despite the lack of personal or business real estate collateral, the borrower operated a very successful business with fantastic profitability. Further, while his working capital request was large, he had a perfectly detailed explanation as to how he would use the proceeds. While most banks looked at the borrower’s collateralization and scoffed at lending so much cash, Radix looked at the overall picture and saw just how much the business would benefit from such a large injection. The decision was easy.
 When a marble retailer wanted to refinance and consolidate a pair of high interest loans, multiple banks declined to help. Their disinterest was understandable: The borrower’s credit score was mediocre, he had a past foreclosure, and he did not have any real estate collateral to offer. In other words, he was perfect for Radix. BORROWER’S ISSUES
RADIX'S SOLUTION These issues aside, the borrower’s cash flow was strong, and would only improve if he could consolidate his high-interest loans. And though low, the borrower’s credit was just above the SBA minimum. Radix was not only able to refinance both his loans, but was even able to extend an additional $40,000 of working capital. Before the refinance, the business was paying $3,604 per month to service its debt. Working with Radix lowered those payments to just $848– a savings of over $2,500 per month!
To learn more about the different financing options we offer, contact a Radix representative today.  When the owner of a bicycle shop wanted to consolidate three debts, including two high-interest loans, into a single note, multiple banks declined to help. The reason: his credit score was just 630, thanks to multiple medical collections and a couple of credit card charge-offs stemming from a recent serious illness. Luckily, he came to Radix Financial Group before giving up hope. BORROWER’S ISSUES
RADIX'S SOLUTION Using real estate collateral to support this loan, Radix was not only able to help refinance all of the borrower’s debt, but we were also able to extend an additional $100,000 of working capital at the low rate of 6.75%. While multiple banks had declined the loan due to the borrower’s poor credit, Radix recognized that his illness – which tanked his credit – was a thing of the past. We saw that although his personal finances suffered during the sickness, business had picked right back up once he returned to work. While most banks avoid borrowers with low credit, Radix looks for the positive and does its very best to help them get back on their feet.
 When a restaurant owner tried to consolidate $180,000 of high interest debt into a single note and borrow additional working capital, she could not find any banks willing to help. There were good reasons for her trouble: Her business grossed only $700,000 per year, her credit score was at the SBA minimum, and she had no real estate to offer as collateral. BORROWER’S ISSUES
RADIX'S SOLUTION Although traditional banks were of no help, this loan was tailor-made for Radix Financial Group. We excel at refinancing non-collateralized, high interest loans into a single long-term note, and helped this owner find terms that her restaurant’s revenue stream could support. We were even able to extend her business over $100,000 more of working capital than she had originally requested! While most banks wouldn't even consider a straight refinance with no collateral, Radix saw opportunity in a profitable business and stepped in to help.
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