PRODUCTS

The SBA does not provide loans, they guarantee all or part of those loans that a bank lends you. Without this partial guarantee more often than not, if the SBA didn’t guarantee these loans the banks would deem these loans as too risky. These loans are document-driven and come with a large quantity of documents plus personal guarantees. Interest rates are current rates. It’s a long and hard process.

USDA Loan – United States Department of Agriculture Loans

USDA loans are home loans issued or guaranteed by the United States Department of Agriculture. They are part of the USDA’s Rural Development program, which aims to encourage homeownership in small communities across the U.S. USDA loans offer low-interest, low-down-payment mortgages to borrowers with low to moderate incomes. The USDA can either lend money directly to homebuyers or provide a 90% loan note guarantee to approved lenders

We offer loans on Fix & Flip, Mixed Use and 1 – 4 Family Properties. If you are an experienced individual who’s done three or more projects with your name on the title, then, we can lend you money to purchase a the property and the overall improvements. Usually, we can lend up to 75% of the purchase price and up to 100% of the improvements. Other factors have bearing on the percentage of the loan amounts. Those are ARV – After Repair Value, LTC – Loan to Cost and Loan to Value. The average is usually a total loan of 85%. You must have 15% of money to put into the deal. Interest rates vary, but the term is usually a year with extension, which rates range from 9.5% to 12%. Interest rates have been volitile with all the changes in the Federal Interest Rate. Rates are coming down, but not as low as pre-pandemic rates. We at GBC Consulting can find the lowest rates from our direct lender. We work with banks, funds, family offices and other direct lenders of fix & Flip, mixed use and 1 – 4 family homes.

Our Commercial Lenders will finance the purchase of Real Estate based on several factors. The first is the Appraised Value. The second is the Loan to Value (LTV) ratio of the loan to given the value of a piece of property. The appraised value is determined by a Certified Appraiser in the state where you are located. We usually look for an MAI Certified Appraisor. The appraiser will determine the fair market value, as a comparison to other properties in that area. Once the property undergoes the valuation, the lender will determine the LTV of the loan amount. Third, the purchase of land is slightly different. Usually, the lender will not lend more than 50% of the appraised value of the land. Here at GBC, we look to connect our clients with the best rate possible in this ever changing market!

Have a passion for more then a  fix and flip? Want to leave a legacy for the people who come after? Well construction financing may be the way to test your entrepreneurial spirit. GBC has helped finance construction opportunities for developers for years. From small housing projects in New York to elaborate developments in Reno Navada, we have structured refinances on construction loans for 80 homes and more. We can finance a single personal residential construction to 100 homes the same way, sometimes it’s easier to do a larger project! All it takes is the land, appraisal, and scope of work to get it done. The terms for construction loans could be 12-36 months, with extensions. The last loan we got on behalf of our client was 7.45% and turned into a permanent loan. Let us help walk you through the underwriting process and get you approved. We at GBC Consulting can find the lowest rates from our direct lender. We work with banks, funds, family offices and other direct lenders of construction financing.

Most banks and other traditional sources of financing won’t lend money to cannabis companies for a number of reasons, not the least being that cannabis is still illegal on the federal level. So businesses in the sector usually have to rely on private equity and hard money lenders if they need capital for equipment, construction, AR financing, MCA's and/or day-to-day operations. GBC's connection to direct lenders allow us to serve  sectors like auxiliary brands, processors, cultivators, manufactures, and other strategic partners in getting the financing that they need! We at GBC have hundreds of lending partners including banks, hedge funds and family offices.

Unsecured Working Capital loans are customized with the needs of the borrower in mind. Documentation is the key to being financed. These loans generally require many forms of documentation including financial statements, tax returns, statements of net worth, business plans, and more. On a personal note, being prepared to provide all accounting, tax and financial records is key to any loan. Please ask our service representatives about what documentation you may need to complete any loan. These products include lines of credit and term loans.

Finding a bridge loan (also referred to as a hard money loan) is a short-term loan designed to serve as a source of funding and capital until you or your business secures permanent financing or removes an existing debt obligation. They are typically short-term in-nature, lasting on average from 6 months up to 1 year, and these loans are often used in real estate transactions. This financing product can be used as a means through which to finance the purchase of a new home before selling your existing residence.

This funding program is designed to provide quick access to capital for uses such as inventory, bridge funding, payroll, or other expenses/opportunities that require immediate action. This program is based on cash flow, and we can fund up to 120% of your gross monthly revenue. The funding is unsecured and requires no direct collateral. Funds can be dispersed in as fast as 24 hours and require minimal documentation compared to traditional programs. This product allows business owners easy access to working capital in the amount of up to 5MM. Rates are calculated off of a factor rate, and there are prepayment discount incentives.

Having a specialist to handle your books and records on a weekly basis at rates far below normal CPAs are charging is invaluable. Knowing your bottom line at a moment’s notice, will allow you to make the key financial decision in any business. Preparing your company’s tax returns on a timely basis is extremely important. It is verification of your earnings and expenses. Having your financial statements ready at a moment’s notice is equally important! Having someone you can rely on to manage the turbulent waters of business is more important than anything. At GBC Consulting Services, were experienced Accountants, CPAs, IRS Enrolled Agents, and other professionals who can support your business needs. Let us act as your outside CFO without the annual salary, benefits, and payroll taxes for less.

Our Incorporation Services give you a moment’s notice at choosing whether to become a C-Corporation, S-Corporation, Limited Liability Company, Partnership or Doing Business as is as important as doing your taxes. Starting out as the proper entity will save you time, money, and headaches of unwinding the business. Have GBC set up your entity for mere pennies in the dollar. We will file your documents in the State we decide, GBC will prepare the corporate minutes, bylaws and obtain on your behalf a Tax Identification - EIN Number.