Press Release Author = Northeast Commercial Capital
Industry = Financial
Press Release Summary = Northeast Commercial Capital releases 100% commercial loan program nationally. 100% commercial financing guidelines available at www.necommercialcapital.com
Press Release Body = FOR IMMEDIATE RELEASE NEW COMMERCIAL LOAN PROGRAM OFFERS OWNERSHIP OPPORTUNITIES TO MANY NEW HAMPSHIRE BUSINESSES FOR THE FIRST TIME The Business Opportunities Loan from Northeast Commercial Capital qualifies businesses to own their commercial real estate where previously they would have been denied. Portsmouth, NH- April 3, 2007- Northeast Commercial Capital announced the offering of up to 100% financing for New Hampshire Commercial properties with little or no documentation requirements. It is called the "Business Opportunities Loan" and is the first loan of its kind to be offered in the state. The Business Opportunities Loan is new and innovative to the commercial real estate market. Commercial Real Estate loans are notoriously heavy on documentation requirements. Normally, banks require three years of income and asset verification as well as a sizeable down payment. Most businesses are unable to meet these requirements and their loan applications are denied. The Business Opportunities Loan from Northeast Commercial Capital gives New Hampshire businesses the opportunity to own their commercial real estate with little or no money down while also allowing the business owners to state their income and assets without verification. Most New Hampshire business owners currently rent or lease their locations, primarily because they are unable to finance the real estate where they occupy their business. With the Business Opportunities Loan, thousands of New Hampshire businesses can be qualified to purchase their location or a new location in as little as 45 days. "The Business Opportunities Loan is revolutionary and provides an incredible opportunity for New Hampshire businesses," states Anthony Guglielmo, president of Northeast Commercial Capital. "While many people in New Hampshire are happy to own their homes, these same people have been denied financing to own their commercial location because of very strict commercial loan requirements. We look forward to being the first company to approve these businesses so they can finally become owners of their commercial locations." The Business Opportunities Loan will weigh heavily on the credit score of the business owner and the length of time they have been in operation. A minimum of a 700 credit score and 2 years in operation is required to start the application process. "The underwriting is done very quickly and a commercial appraisal is ordered within the first few days of the application process," states Anthony Guglielmo. "It will most likely be the easiest loan process most businesses have ever experienced. Owning their location will immediately increase the value of their business and I take pride in the fact that my company is able to contribute to their success." Northeast Commercial Capital is a commercial real estate financing company based in Portsmouth, New Hampshire. It works with clients in all 50 states with a primary focus on the New England region.### For more information call Jim Carrigan at 603-957-3025. Contact: Jim Carrigan Tel: 603-957-3025 Email: jcarrigan@necommercialcpital.com www.necommercialcapital.com
2012
