|
FAQs
There are usually some common
questions asked by companies to find out more about our services. We
have tried to address some of those in this section. If your questions
are not answered here and/or you would just like to talk with someone
about our services, please do not hesitate to call us at
(423) 753-4133, toll free at
(800) 306-0268, or
email
Triangle Finance directly with your questions and someone will be in touch
with you within 24 hours. You can also fill out our
online form and someone will be in touch
with you within 24 hours as well.
JACK B. WILSON, MBA
PRESIDENT/OWNER
TRIANGLE FINANCE
Q: Why can Triangle Finance place a loan for my company when I have been unsuccessful in my own efforts?
A: This is one of our most popular questions. The answer would be because we work in the commercial loan placement business on a full time basis, and have done so for more than thirty (30) years. Triangle Finance has developed strong ties with a great many lenders, and we have earned their trust. Established credibility and experience is essential in the very personal relationship world of commercial business financing
Q: How much cost will this be to my company?
A: Of course this depends upon the amount of time involved, the type of business you are, the amount of records available, as well as the nature and amount of the loan itself. Because of all these variables, it would be best to contact us for an estimate. This initial price (loan processing fee) will include the detailed business/financing plan, as well as conducting the loan search effort. In addition to this cost, Triangle Finance also earns a broker fee when a loan is consummated. This one time fee, paid only when a loan is closed, will range from as low as 1 1/2% to as high as 3 1/4% of the total loan amount, depending again upon the size of the loan, minus the cost of the loan processing fee.
Q: What are the steps taken in the entire process?
A: We prepare a very comprehensive business plan/financing proposal, presented in a format that banks/lenders can understand. We negotiate your loan with lending institutions that we have developed an excellent relationship with over the years. Our thorough search effort is conducted over as much time and with as many contacts as necessary. Throughout the entire loan search effort, we could very well discuss your loan with as many as twenty (20) to thirty (30) potential lenders. We do this by making many copies of your loan proposal, which are constantly in circulation and being reviewed by lenders. Of course, we mail you the original business plan/financing proposal, which is provided for your records.
Please see this link for more detailed information on the importance of proper professional representation.
Back to Top
Q: How long will it take to complete this process?
A: It will typically take approximately four (4) to five (5) days to complete a business plan/financing package. A thorough loan search effort could involve as little as two (2) or three (3) weeks, or as long as even six (6) to eight (8) weeks. In summary, we make no effort to place any kind of term limit on our efforts.
Back to Top
|
