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
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
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
When an SBA loan fell through just three days before a financing deadline, a local plumber looking to purchase a commercial property was shocked. With the appraisals and environmental already complete, he had assumed that the deal was set to
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
When a Florida-based landscaper applied to refinance his high rate debt and purchase his property, he was was in line to save tens of thousands of dollars per month. So he was understandably puzzled that, while the property had been
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Radix Financial Group and its affiliates are not lenders participating in SBA’s 7(a) loan program. Radix is a marketplace to help business owners obtain SBA 7(a) loans. Said loans are ultimately processed and approved by a lender participant in SBA’s 7(a) loan program.
