Be an Educated Borrower
We are you loan officer, your financial analyst, but more importantly, we are your business advocate.
Before you consider working with any commercial loan advisor, here are specific questions every educated business owner should be asking when seeking for a business loan:
Are there any extra cost added to my loan?
There are several ways to cover service fee / commission for the services rendered by Thousand Paces. We will discuss the details with you during our initial consultation. Contact us to schedule a meeting today.
How many lenders will be contacted for my loan?
In order to get the best loan for your business, we shop your loan to as many suitable lenders as possible. That way, they will compete for your business, resulting in a better loan with low interest rate. Your personal credit will not be run until we narrow the results down to a number our customers are comfortable with.
Do you make money working with specific lender?
Our primary goal is to secure the best loan options for your business and while we value established working relations with lenders, we do not favor one over the other based on commission.
Will you sell my information to third-party?
Will I be rushed to make a decision on a loan offer?
We do not believe in high pressure sales tactics and we strive to make this a comfortable and positive interaction. It should be noted, external factors can affect the terms of your loan and the funding units can renegotiate at any time. It is our job to manage the relationship and be as transparent as possible if any changes could arise.
Is an SBA Loan right for me?
We will meet and discuss your current situation. An SBA loan is a great option for small businesses but it has its pitfalls. Contact us to learn more.