Radix Funds $150K for Automotive Repair Shop Turned Down by Local Bank

An automotive repair shop was referred to Radix after having been turned down by his local bank. He had no collateral, his business was showing losses, and he needed money quickly. He couldn’t find any banks willing to loan him the working capital he needed to expand.

Borrower’s Issues

• Poor 2021 and 2022 Financials
• No collateral

Radix’s Solution

Radix is looking for good credit and good revenue to qualify business owners for our SBA Express loan. Even if a business is showing losses, we can help. Thankfully, this repair shop owner had wonderful credit and we were able to put this business owner on an SBA Express loan in only two
weeks. No collateral. No profit. No problem.

Terms:
Funded: $150,000
Interest Rate: 3.75%+ Prime (12%)
Monthly Payment: $2,152
Funding Time: 2 weeks

Learn more or apply for our SBA Express loan program.