Sometimes, even great credit scores are not enough. When a husband and wife team wanted to expand their successful coconut fiber importing business, but could not secure traditional financing, they had little choice but to take out a loan at 13%.
Luckily, two years later, those same borrowers were introduced to Radix.
Without the right collateralization, lenders can be very picky. Even though both borrowers had credit scores over 700, they were still stuck with a higher rate than they wanted to be being. At Radix, we can overcome that lack of collateralization almost every time.
Before Radix helped the husband and wife refinance, their business was paying $5,000 per month.
Now, their payment is down to $3,000 per month and they pay interest of only 6.5%, exactly half of what it was before!
The borrowers are ecstatic with their new terms, and we are too.
If your rates are just too high, learn more about the different financing options we offer. Contact a Radix representative today.