Chicago Business Capital helps businesses get the funds they need for expansion, debt refinancing, payables, working capital, equipment and more.
Below are some of the recent fast business loans we've been able to secure for our clients.
A Chicagoland box storage company had tried everywhere else to get funding but couldn’t because of partnership issues. CBC was able to help secure two business loans for $80k within 2 weeks. The borrower will also get more money with our renewal program within 3 months.
CBC helped secure a $1.1 million dollar line of credit for 2.75% from a borrower with a stock portfolio that already had a margin loan against it. By paying off their weaker LTV margin loan and lowering their rate as well, we freed up an additional $500k in cash for the borrower to use on a real estate deal.
A West Coast plumbing company had a bankruptcy in 2010 with a 7% hold back on their credit cards. We were able to help them attain an $85k loan. They also requested a lower amount to reduce their hold back to only 3% which we were able to accommodate with a mere 3% hold back while also reducing their credit card processing fees.
A Chicagoland Daycare Center had a foreclosure against it and also had an ownership buy out in place. CBC was able to secure a $70k quick funding business loan for them even though the day care center did not accept credit cards.
An East Coast real estate investor investor needed $400k to put a down payment on a commercial property but they didn’t have the liquidity. The borrower had $600k in restricted stocks from his company. Because the company stocks were restricted, he couldn’t sell the stocks. However, we were ale to get the borrower a $400k line of credit within 2 weeks and he didn’t have to sell the stock, saving him thousands in taxes.
An employment agency on the West Coast needed funding so they could hire a new sales rep to expand their business. The business didn’t take credit cards and had poor credit. They couldn’t get a loan anywhere else. We were able to secure for them a $25k loan.
A youth facility on the East Coast needed funding in order to pay for taxes. Because it was summer, it was a slow period for their business so liquidity was low. We were able to secure for them a $60k loan so they could pay their taxes. They also did not accept credit cards.