When walking into a bank, many borrowers think that financing will come easily. After all — with decent credit and good cash flow — what could go wrong? This was the exact trap that a restaurant operator fell into when applying
After her longtime tenant left, one restaurant property’s owner decided that instead of finding a new one, she would simply start her own Chinese buffet in the vacated space. Unfortunately, most banks are wary of lending to start-ups, and even
When an energy brokerage was unable to obtain traditional financing, it took out two high-rate, short-term loans. The company struggled to make the necessary large payments, and its owner quickly realized that the business needed a more affordable, long-term alternative.
When a marble retailer wanted to refinance and consolidate a pair of high interest loans, multiple banks declined to help. Their disinterest was understandable: The borrower’s credit score was mediocre, he had a past foreclosure, and he did not have
When the owner of a bicycle shop wanted to consolidate three debts, including two high-interest loans, into a single note, multiple banks declined to help. The reason: his credit score was just 630, thanks to multiple medical collections and a couple
After he had been turned down by multiple local banks, the owner of a biodiesel company contacted Radix hoping to secure $2 million for equipment and working capital. The potential borrower could not understand why lenders were only willing to
When a business owner defaults on a government backed loan, he is never again eligible for future government funding unless he brings the past default current. But what happens when that business owner needs to borrow working capital in the
A past SBA client was looking to purchase about $30,000 worth of equipment for her veterinary shop. She did not want to go through the entire process of an SBA loan, and her credit score was decent, but not great.
After closing a $600,000 SBA debt refinance, an online retailer was looking for a quick line of credit to push his company over the top. He was not eligible for additional SBA funding, but after refinancing all of his high
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
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