The difference between a Business Loan versus Commercial Real Estate Loan is that Business Loans do not include real estates. They are mainly based on skillset, knowledge, experience and payment capabilities. Most transactions include both Real Estate and Business loans combined to begin with. There is a larger flexibility and option in business loans based on holistic evaluation and verification. At Cornerstone Group, we have funded many promising businesses in the past.
Not all same types of businesses are approved. Approved businesses have presented sufficient success and survival rates. The businesses that are not approved are offered the option to obtain our Cornerstone Business Consultation to bring their rating up to acceptable and sustainable levels. There is no limit to the type of business that may be approved. All businesses need to be reviewed with holistic evaluation.
Below are some of the businesses that have been approved and funded in the past:
- Construction and/or Handyman Businesses
- Massage & Spa
- Unique Product Innovation
- Environment-Friendly Product Innovation
- Organic Wellness Innovation
- Special Training Services
- Special Education Services