Imagine zero problems happening during your real estate transaction and you get your commission check on time. If you are a real estate agent who’s been in business for at least 12 months, then you know that there are many obstacles that occur during a real estate deal. These challenges often cause delays for closings while your business and personal expenses don't stop. That's where small business loans for real estate agents come in. In this blog post, we will discuss the top 5 business loans available to real estate professionals. I will also provide information on how to apply for these loans and what they entail. So if you are looking for some extra financial assistance to keep your business running smoothly, be sure to read on.
Same Day Funding
Bank Breezy is a lender that offers different types of financing for real estate agents, including same-day side gig funding up to $5k. This is a good option for part-time real estate agents. The minimum requirement for most programs at Bank breezy is revenue under 3K and a FICO score of 550+. Bank Breezy also offers the Same Day Business Funding for up to $25,000 for real estate agents who make at least $5,000 per month in business revenue. Some of the programs at Bank Breezy do not require the real estate agent to have a business checking account.
StartUp Funding
Newer real estate agents who haven't had many closings can apply for loans at 7 Figures Funding. It is the best place for real estate agents with strong 650+ credit scores who want startup funding, lines of credit, long-term loans, or low-interest credit cards. 7 Figures Funding even allows co-signers for real estate agents who have challenged credit. The minimum qualification for this funding is that the real estate agent makes at least $50,000 annually.
Easy Term Loans
Real estate agents who have been in business a minimum of 6+ months and generate a minimum of $6,000 in Monthly Gross Sales can qualify for top financing options at Rok Financial. Rok's simple online application will match business owners with offers in minutes. Rok has loan programs with 6-month to 10-year terms, and some options require no minimum FICO. Rok has a Fintech speed that can get you in and out of Underwriting in just a few hours.
Big Real Estate Business Loans
Top-producing real estate agents and companies who want to expand or solve cash flow problems can easily do so with National Business Capital. It's fast, easy, and simple to get small business loans from $25,000 to $10 Million. National Business Capital offers lower rates and longer terms with no collateral needed. National Business Capital has a network of 75+ lenders. Apply today! I'm sure they can quickly match you with the right loan.
Employee Retention Credit
The Employee Retention Tax Credit program (ERC) is not a loan but is better. It's a grant established by the CARES Act. It's the last of the Covid stimulus programs. With ERC small businesses and real estate firms can receive up to $26,000 per employee retained during the pandemic in 2020 and 2021. Bottom Line Concepts specializes in helping small businesses and real estate firms get the grant amount they deserve. Originally real estate firms and small businesses who received PPP could not qualify for ERC but the guidelines changed. This is another reason to allow Bottom Line Concepts to assist you with ERC. They are specialists and have assisted so many companies in getting ERC, from Martha Stewart to GNC, and even Rolex. Complete the short application with Bottom Line Concepts to learn how much you may qualify for.
With so many funding and loan options available, it can be difficult to know which loan is the best for your real estate business. As a real estate agent myself I understand the pressure and demand that comes with staying ahead of direct competitors and keeping home buyers and sellers happy during a real estate transaction. To do both of these, real estate agents need to be well-funded. I wanted to make sure I had every opportunity to grow my business which is I've been helping small businesses and real estate agents get funded for the last year. I've even created a Business Credit E-Book, a business funding program for real estate agents to learn how to get business loans and business credit with no personal guarantee. So what are you waiting for? Apply now!
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