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
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 successful veterinarian needed to consolidate six business credit cards and a high interest loan into a single payment, he was declined by multiple banks. He had good credit, a long-standing practice, and his profits were high. He could
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
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 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
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
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