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
When the owner of a boat rental company contacted Radix to consolidate multiple cash advance, daily payment loans into one single monthly patment, he had already been declined by many local banks. His credit score was around 670, and he
The owners of a Seattle-based auto repair shop found themselves paying 14% interest rates on a loan they used to purchase their property. The reason they were paying such high rates is because they lost two properties to foreclosure in
When the owner of a very profitable luxury and designer handbag dealer needed $3,500,000 to purchase inventory for the holidays, he called Radix. His own bank was offering less than half of what he needed, and being underfunded going into
When the owner of a successful law firm wanted to purchase an office building for $1,350,000, he turned to Radix for help. He did not want to put all of his free cash into a down payment and drain his
The owner of a construction company wanted to refinance $100,000 of high-rate debt into a single, ten-year loan. Sounds simple enough but, without collateral, he could not find a bank willing to give his business a fair shot. Luckily, he
In early 2017, Radix funded a $350,000 SBA debt consolidation and working capital loan for a Health and Fitness Club. Eighteen months later, the club’s owner called and asked if we could help him apply for additional capital. Because Radix
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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.
