Seeking information about our services? Explore the responses to commonly asked questions by our borrowers
What is a private lending institution like yours?
We are a private lending institution that provides alternative financing solutions for businesses and individuals, often outside the traditional banking system.
What types of loans do you offer?
We offer a wide range of loans, including bridge loans, hard money loans, real estate loans, business loans, personal loans, and a lot more.
How do your interest rates compare to traditional banks?
Interest rates vary depending on the loan type and borrower's profile, but our rates are competitive and often more flexible than traditional banks.
What are the eligibility criteria for a loan?
Eligibility criteria vary by loan type but generally include creditworthiness, collateral, and the purpose of the loan.
How quickly can I get approved for a loan?
Approval times vary but can be as fast as 3 - 5 business days for some loan types.
Do you offer loans for people with bad credit?
Yes, we offer options for borrowers with less-than-perfect credit through our hard money and asset-based loans.
What documents are required for loan approval?
Required documents include proof of identification, proof of income, credit reports, business plans (for business loans), and collateral information (if applicable).
Can I use my property as collateral for a loan?
Yes, we accept various forms of collateral, including real estate, vehicles, and valuable assets.
Do you offer pre-approval for loans?
Yes, we offer pre-approval to help you understand your loan options before committing.
What are the repayment terms for your loans?
Repayment terms vary depending on the loan type, typically ranging from a few months to several years.
Is there a prepayment penalty for loans?
No, there are no prepayment penalties associated with our loan programs.
Can I refinance my loan with your institution?
Yes, we offer refinancing options for qualified borrowers.
Are your loans available nationwide?
Yes, we offer our services in multiple states across the country.
Can I use the loan for any purpose?
Depending on the loan type, funds can be used for various purposes, including real estate investments, business expansion, and debt consolidation.
How do I apply for a loan with your institution?
You can start the application process by filling out our application form or contacting our team directly.
Do you offer loans to foreign nationals or non-U.S. residents?
Yes, we provide loans to both U.S. residents and foreign nationals.
What is the typical loan approval process?
The approval process involves application submission, review of documents, underwriting, and loan funding.
Are there any hidden fees or upfront costs?
We are transparent about our fees, and there are no hidden costs. Fees vary by loan type and are typically disclosed during the application process.
Can I speak with a loan specialist to discuss my options?
Absolutely, our loan specialists are available to discuss your specific needs and provide guidance.
What sets your lending institution apart from others?
We pride ourselves on our flexibility, personalized service, quick approval times, and commitment to finding tailored solutions for our clients.
Working with SLR Finance LLC’s team has been a pleasure. They are extremely responsive and readily available to answer any questions that I might have regarding our HUD loans, reporting requirements and loan servicing expectations.
Brian D. Thompson, The Peplinski Group, Inc.