 1.
“I’m not good with all that paperwork, will
Diamond Financial help?”
Yes, we prepare all loan packages presented through our
company and pride ourselves on accuracy and thoroughness.
Just provide the documentation required and we do the
rest.
2. “How long before funding
takes place?”
Depending on which service you require and the nature
of the project, time varies from just 45 days to up
to 2 months and more. The average business loan presentation
is 30 days with an initial approval within 15 days of
submission to Lender.
3. “Can this process be
done through the mail and fax?”
Yes, we provide our services nationwide and have funded
franchise loans from all parts of the country.
4. “What type of lenders
do you use?”
Diamond Financial Services has established relationships
with the largest and most aggressive lenders from all
over to provide you with the best rates and terms. Our
databanks provide specific lenders that specialize in
Franchise Lending.
5. “Is there a guarantee
of funding?”
No, we can provide you with the basic funding strategies
and the know-how to increase your percentages to give
you the highest possible chance of loan approval. But
final approval is entirely a lenders decision.
6. “What would the interest
rate be?”
The interest rate (regulated by SBA law) cannot exceed
2.75% over prime. This is the highest allowable and
depending on individual request the rate may be lower.
7. “Is there any pre-payment
penalty?”
Not on any loans with up to 15 year terms. Most Franchise
loans are 10 years.
8. "What size loans do
you do?"
Our minimum loan amount is $100,000 and our maximum
is $3 million.
9. “Can’t my Local
Bank approve my loan?”
Most local banks are very conservative, require lots
of collateral and experience, and usually only fund
larger size loans.
10. “What is the number
one reason to use your companies services?”
Because we are franchise financing specialists and will
maximize your chances of loan approval. |
