 Headquartered
in Raleigh, NC, Diamond Financial was formed to fill
a large void in the national financing market. Studies
have shown, for example, that in one year over 21 million
small business loans were applied for through local
banks and only 4 million were actually funded. Reasons
for failure varied. DFS realized that many capable individuals
were not able to identify interested financial institutions,
package the loan application or justify their needs
to bank officers. Over 84% were initially declined due
to presentation alone. The experience and skill of the
loan officer sometimes determined the potential success
rate as much as the merits of the loan application itself!
Diamond Financial Services of
New Jersey (DFS) is a direct source to the nation's
largest and most aggressive SBA lenders.
There are so many misconceptions about SBA loans there
are just too many to mention. Most anyone is eligible
for the SBA loan programs. Loans are provided by private
lenders, not the government. The SBA program offers
lenders guarantees that insures them some coverage in
the event of loan defaults. When a small business applies
to a lending partner for a loan, the lender reviews
the application and decides if it merits a loan on its
own or if it requires additional support in the form
of an SBA guaranty. In guaranteeing the loan, the SBA
assures the lender that, in the event the borrower does
not repay the loan, the government will reimburse the
lending partner for a portion of its loss. By providing
this guaranty, the SBA is able to help tens of thousands
of small businesses every year get financing they would
not otherwise obtain.
Working closely with the corporate offices for many
of the most well known franchises in the country, Diamond
Financial has made franchise and SBA loans their specialty.
While we are not the direct lender, we work with some
of the leading financial institutions and offices aggressively
dedicated to SBA loans and financing. With
many years of experience and established relationships
in this industry, we can creatively structure and package
your loan to allow the best possibility of financing.
These financing solutions can be applied to business
acquisitions, franchise purchasing, building and leasehold
improvements or expansions, equipment purchases, debt
restructuring, working capital, franchise fees or the
buying out of partners.
With our Franchise Advantage Program, the borrower
is guided step by step from the loan application through
the funding of the loan. Diamond Financial will not
only make the application process easier, we will significantly
improve your chances of getting the loan approved. We
offer complete assistance in loan packaging, application
submission and assistance with closing documenstation,
which accelerates the process from application to commitment
to closing. Our success rate
is high because we know what lenders want and need to
get your loan funded. The best loan program is
the one that provides you with the capital to succeed
in your new venture. Diamond Financial Services is committed
to finding creative solutions for all of your financing
needs.
Let Diamond Financial help
you through the entire loan process. We will:
- Review and critique your business plan
- Professionally prepare the loan package
- Review all documents needed for application
- Asses the structure of the loan application
- Evaluate strengths & weaknesses of the application
- Analyze and review revenue & expenses
- Develop realistic revenue projections
- Prepare summaries presenting the facts and merits
of the loan application
- Effectively communicate and present the strengths
& allocations of funds for the loan
- Selecting the right lender - an interested lender
with guidelines capable of approving your loan
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