What do you want to hear first: the good news or the bad news? The good news is that using an alternative money lender grants a borrower unheard-of-levels of freedom and flexibility compared to the usual bank (who, coincidentally, appear just a tad too comfortable eliciting complete control over their borrowers). The bad news? The number of nefarious bank executives who evade criminal penalties simply because consumer abuse is profitable (that’s a topic for a different blog post, however).

The (Re)Definition of Financial Freedom

Today, we’re interested in exploring financial freedom as defined by alternative business lending companies. Typically, borrowers who work with alternative lenders cite that they have more freedom in areas such as: 

• Loan to value ratios
• Pay back options
• Release requirements
• Extra collateral
• Co-borrowers
• Personal property
• Accounts receivable
• All of the above to be used as extra collateral options, etc.

This Is Jim.

Meet Jim: He’s the type of man who rolls up in a brand new pickup truck wearing handmade Italian sneakers and no one bats an eyelash (excluding the men and women who have dropped their groceries mid-aisle to gape). Tall, dark and Grecian, Jim is one of those men who naturally possess the holy trifecta of ultimate European sophistication:  maturity, manners and mindfulness.

This Is Jim’s Six-Digit Business Opportunity

Yet most importantly, however, Jim possessed enough business savvy to search for an alternative money lender. He eventually used Gravity Capital to secure a loan that would kick off the most important business opportunity of his lifetime. Here are the specs:

• Jim owned 90,000 square feet of retail space in New Baltimore, Michigan
• Jim had the opportunity to take advantage of a business opportunity requiring $300,000.00.
• Jim had entered negotiations to lease 30,000 square feet of his retail space to a strong anchor tenant; this lease required another $200,000.00 for tenant improvements.

Even Casanovas Get Burned by the Bank

Like many people, Jim worked steadily his entire life to maintain good credit. According to his bank, however, this wasn’t enough to secure the loan he needed; the bank rejected his request because he didn’t meet their cash flow requirements.

This rejection may have seemed like bad news at the time, but it was actually a business lending blessing in disguise; no later than a week after Jim was rejected by his bank did he approach us with his request.

We were able to provide him with a loan that met every single one of his requirements – one of which included structuring his loan with payments geared towards when the tenant moved in and when his investment was scheduled for repayment. 

We Do What Banks Won’t Do but an alternative Money Lender Will.

Approving Jim’s loan application was the obvious answer for us; we saw something about Jim’s situation that the banks couldn’t (or wouldn’t) see: potential. All’s well that ends well, and Gravity Capital’s willingness to work with Jim ultimately culminated in a career-changing grand slam for Jim. But if you were to ask us, we’d tell you that we were simply doing our jobs – jobs that we coincidentally happen to be passionate about. Because it might sound strange, but we have this crazy idea that business lending opportunities aren’t invite-only.

Contact Us Today

To learn more about how Gravity Capital can finance your next business opportunity, contact us today.