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Volume 11, Issue 2 June, 2021
June 01, 2021
Greetings,

Here is your latest issue of BM$ Success Newsletter – the companion newsletter to the "Business-Money-Source" website.

This Month’s Featured Business Financial Product: COVID 19 SBA Economic Injury Disaster Loan And Unsecured Term Loan

Volume 11 Issue 2-------------------------------------------- June, 2021

Observe COVID 19 Precautions!

Practice social distancing, wash hands and face frequently, get vaccinated as soon as possible and always wear a mask where required.

Is Your Business Preparing To Take Advantage Of The Coming Boom?

People are getting vaccinated. Hospital admissions for COVID 19 are going down. Businesses are beginning to recover and hiring again. All of this good news will mean little if you can’t get working capital for your business!

Here are two hot new loan programs that can help get your business back on track even if you did or did not get a PPP loan. One is the SBA Economic Injury Disaster Loan (EIDL) and the other is offered by a private lender. Both have liberal pre-qualifying guidelines to make it easier for struggling businesses to get funding. Only businesses and individuals in the U.S. are eligible for these programs.

Economic Injury Disaster Loan (EIDL)

The SBA announced that the Economic Injury Disaster Loan (EIDL) program is now available until the end of this year! Both business owners who have not yet applied and owners who have already applied can apply now and get access to additional funding.

What Are The Requirements To Apply For An Economic Injury Disaster Loan?

- Must have been in Business in 2019

- At least $50,000 in 2019 business income

- Completed 2019 business tax return

- 570 minimum FICO score

Some Benefits Of Using The EIDL Program

- Loan amount up to $500,000

- 3.75% interest rate

- Up to 30-year loan term

- 12 Months of Deferred Payments

Where else are you going to get a loan for up to $500,000 at 3.75% interest for 30 years with one year of deferred payments?

Apply For An EIDL by clicking the link below:

Short-Term Business Loan Application

Unsecured Term Loan and Business Credit Cards

This loan program is rather straightforward and easy to apply for. You only needed a minimum credit score of 680 with accompanying credit report to verify. You will also need to submit a copy of your most recent income tax return. This loan can also be used for a business start-up since it is not dependent on the revenue of a currently operating business.

Loan Types and Loan Amount Ranges:

1) Term Loan

- $25,000 to $300,000

- 3 To 7 Year Terms

- 5% To 15% Interest Range

2) Business Credit Cards:

- $25,000 To $100,000

- 0% Interest For 6 To 13 Months

- Accounts Do Not Show On Personal Credit

3) What you need to apply:

-680 minimum credit score

-recent credit report & income tax return

Click the link below to apply:

Term-Loan-Business Credit Card Application

What Are Our Clients Saying?

"Jim with Business Money Source was incredible in helping me find funding for my business, especially with the challenges faced due to Covid and my unique financial situation. In spite of said challenges, he was still able to help me acquire funding to get started. I look forward to continuing to work with him as business progresses. ~KCT"

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"Jim is very responsive to any contact you make. Just email him and he's there for you." M.O.

This Month’s Business Survival Tip:

75% Loan-To-Value Commercial Property Loans

$500,000 - $5,000,000 Loan amount

Hotels/Motels – Franchised only – Purchase or Refinance - No construction

Gas Stations – Branded only – Purchase or Refinance

R.V. Parks – Good quality only - Purchase or Refinance

Multi-Use (Office/Retail/Warehouse) – Purchase or Refinance

To learn more about the 75% Loan-To-Value Program:

CRE_Loan_Form

$5 Million - $13 Million Other Commercial Property Loans

These loans are for car/truck/motorcycle/boat dealerships & repair shops, light industrial, heavy industrial – factory & manufacturing, funeral homes, charter schools, daycare centers, commercial assisted living facilities, restaurant bars (new or newly renovated) and other commercial properties.

4.65% and up fixed interest rate

Minimum FICO score 625

15 to 30 day possible closing after all the application documents are submitted.

To learn more about loans for commercial properties:

CRE_Loan_Form


Questions Or Comments On Other Business Financing

Go to the Business Money Source website and fill out the contact form with any questions or comments that you may have:
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Your information will not be shared or traded with any other business or private entity.

More Links To Get Started In Funding Your Business Or Project

For other business loans:

Business Loan Inquiry Form

For corporate turnaround and debt restructuring for your business:

Restructure Business Debt

Know Someone Who Is Seeking A Business Loan Or Real Estate Financing?

To register as a Referrer and refer a business loan request:

Refer A Deal

Let us know what topics you would like to see covered in BM$ Success Newsletter.
Back Issues for BM$ Success Newsletter

Please feel free to contact me by the methods listed below, with any questions that you may have about the various loan programs offered by Business Money Source, LLC.

I look forward to assisting you or your clients in acquiring the business financing that you seeking.

Sincerely,


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Jim Bullock, Managing Member

Business Money Source, LLC

jim@business-money-source.com

(804) 396-3040

Fax: (804) 781-4971

Twitter: bizmoneysource

Facebook.com/businessmoneysourcellc

www.pinterest.com/bizmoneysource/boards/

Friends of Business Money Source

Additional resources to enhance your business and your lifestyle:

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Capricorn City

The Hangout For Writers and Storytellers

Do you have a story to tell? Like to write poetry? Do you enjoy or would like to review music, movies, or television shows?

Interested in getting your works published? www.capricorncity.com is the perfect place to get your work seen by readers around the world.

Please feel free to contact James Bullock at jabfas@gmail.com if you have a desire to let the world discover you.

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Advertise Your Business in BM$ Success

You as a subscriber are invited to give your business free online exposure. Free advertising just for the asking! Just send a brief description of your business and the products or service you offer. State whether you are local to a specific region or a national or international company. We will place your info in the next issue of BM$ Success. Don’t forget your contact info or to spell check your ad!

Send your ad info to: info@business-money-source.comAny Questions:

Let us know what topics you would like to see covered in BM$ Success Newsletter.

Be sure to check business money news page daily on business-money-source.com for updates. Also friend us on Facebook and follow us on Twitter!

Until next month!

Sincerely,

Jim Bullock

Business Money Source, LLCP.O. Box 16096Richmond, VA 23222

(804) 396-3040

“Your One Stop Online Business Information Source”www.business-money-source.com

Twitter: @bizmoneysource

Facebook: https://www.facebook.com/BusinessMoneySourceLLC

Disclaimer: The content contained in the BM$ Success Newsletter is provided for informational purposes only. It is incumbent upon the user of the information to seek appropriate financial and/or legal counsel before entering into any financial transaction. Business-Money-Source, LLC nor its' principals are in no way liable for your financial transactions. See the “Disclaimer” and "Terms of Use and Privacy Policy" pages on the Business Money Source website for further explanation.

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