Radix Finances Adult Family Home Start Up

When a husband and wife who wanted to start an adult family home were turned down for working capital by multiple traditional lending institutions, they came to the Radix Financial Group. While startups are notoriously difficult to finance, there is no task too daunting for Radix to take on.

Borrower's issues

• The borrowers could not offer any form of collateralization.
• The business was a brand new startup that had not yet even incorporated, let alone produced any revenue.
• The borrowers had already maxed out $20,000 in high-interest credit cards.

Radix's solution

Despite the difficult nature of the loan, Radix understood the borrowers’ predicament immediately. Despite their startup’s lack of income, the borrowers were seasoned veterans when it came to running adult family homes. Further, both borrowers had stellar personal credit. Therefore, Radix was able to both refinance their outstanding credit card debt and offer an additional $30,000 in working capital on an unsecured line of credit.

​The best part is, the borrower’s interest rate is 0% for 15 months, allowing just enough time for their business to help them establish enough cash flow to qualify for longer term, traditional financing in the near future.
 
To learn more about the different financing options we offer, contact a Radix representative today.