When was the last time you got a multi-million-dollar loan in less than two weeks? For banks and other traditional financial institutions, this only happens for businesses with amazing credit and financial history, and it typically takes a month or longer. For less reputable institutions, these types of loans come with massive interest rates and fees.
One of our clients had this need but was being charged a 25%+ APR. For a business doing $1M in monthly revenue, this could cost $20K or more per month. There was literally no way for this woman-owned small business to afford this financing. Thankfully, the company’s CEO was referred to us, and she quickly applied for a line of credit.
While her recent difficulties made financing difficult for a bank and made her a target for disreputable lenders, her company is a perfect client for Parabilis. We worked closely and collaboratively to underwrite and approve a multi-million-dollar loan which covered her payroll and contract startup costs. None of her staff members was laid off or took a pay cut.
This is how our flexibility value works. Yes, we prefer to spend more time on the application and underwriting processes, but not everyone can afford that time. This company, and others like it, had special circumstances – and we were honored to move quickly and turn difficulties into opportunity.
Here’s the bottom line: we are ready to work with you on your schedule and provide the flexibility required for your success.
Contact us today to learn more.