As a Commercial Loan Brokerage Firm, Loan Connection, LLC earns its income by charging points, credit report fee and a processing fee of $995. Points are a percentage of the loan amount. For example, 2 points of a $100k loan is $2,000. The processing fee offsets our overhead costs related to having a processing team and software that securely collects your loan documents and submits them to the commercial lenders.
After submitting this form, a Commercial Loan Broker or Manager will call you to discussed your loan details with you. Then, a digital agreement is created, sent to your email address and is signed by both parties, indicating your intent to proceed with your loan request.
The points and processing fee are not paid until there's a successful closing, which is our #1 goal. No other fees are charged by Loan Connection, LLC. We stand behind our promise to you and our team of Commercial Loan Brokers, Managers and Processors.
Time to close from hitting the submit button below to closing your loan can vary. See below for a guide:
Most commercial loans from 21-45 days
Fix & Flip loans from 7-21 days
Hard money loans from 3-5 days
Business account receivable loans from 3-5 days
We look forward to connecting you with your funding needs. We have staff 24/7 that are available to answer your calls. If you have any questions or concerns, please give us a call at 321-252-5626. Thank you for choosing Loan Connection, LLC! We are committed to serving your lending needs!
As a special, our credit report fee of $59.00 will be waived until May 1, 2020.