American Credit®: $100,000 2nd Mortgage Funding for Pennsylvania Personal Care Facility.

A Lancaster, Pennsylvania personal care facility  was in need of  some immediate working capital and business debt consolidation.

Challenges: Since we were dealing with credit score challenges, anemic business credit, and an underwhelming balance sheet, we knew an SBA or term loan would be not be a viable financing solution. In addition, we advised the client against incurring any additional expensive short term loans. We felt this was the fundamental issue hurting his cash flow .

Solution: American Credit  decided to pivot away from unsecured business financing to a real estate based 2^nd mortgage . This would save the client over $ 5000 a month while giving them the security of a fully amortized , 5 -year term loan with a true interest rate- NOT a factor. This would dramatically increase the client’s cash flow, allow them to exhale,  and refocus on running their business

Result: $ 100,000  2^nd mortgage with an early pay addendum  to allow the client to pay off loan before the 5 year term.

American Credit's ® Value Added

Deep experience as a leading ABL multi-lender with a dual lending platform: in-house portfolio with off balance sheet partnerships along .

Expertise in real estate financing and 2^nd mortgages.

Funding really tough deals other lenders will not.

Proficiency in restructuring complicated financing scenarios and converting them into  streamlined client first fundings.