Press Release Author = Northeast Commercial Capital
Industry = Financial
Press Release Summary = Northeast Commercial Capital releases 100% commercial loan
program nationally. 100% commercial financing guidelines available at
www.necommercialcapital.com
Press Release Body = FOR IMMEDIATE RELEASE
NEW COMMERCIAL LOAN PROGRAM OFFERS OWNERSHIP OPPORTUNITIES TO MANY NEW HAMPSHIRE
BUSINESSES FOR THE FIRST TIME
The Business Opportunities Loan from Northeast Commercial Capital qualifies
businesses to own their commercial real estate where previously they would have been
denied. Portsmouth, NH- April 3, 2007- Northeast Commercial Capital announced the
offering of up to 100% financing for New Hampshire Commercial properties with little
or no documentation requirements. It is called the “Business Opportunities Loan” and
is the first loan of its kind to be offered in the state. The Business Opportunities
Loan is new and innovative to the commercial real estate market. Commercial Real
Estate loans are notoriously heavy on documentation requirements. Normally, banks
require three years of income and asset verification as well as a sizeable down
payment. Most businesses are unable to meet these requirements and their loan
applications are denied. The Business Opportunities Loan from Northeast Commercial
Capital gives New Hampshire businesses the opportunity to own their commercial real
estate with little or no money down while also allowing the business owners to state
their income and assets without verification. Most New Hampshire business owners
currently rent or lease their locations, primarily because they are unable to
finance the real estate where they occupy their business. With the Business
Opportunities Loan, thousands of New Hampshire businesses can be qualified to
purchase their location or a new location in as little as 45 days. “The Business
Opportunities Loan is revolutionary and provides an incredible opportunity for New
Hampshire businesses,” states Anthony Guglielmo, president of Northeast Commercial
Capital. “While many people in New Hampshire are happy to own their homes, these
same people have been denied financing to own their commercial location because of
very strict commercial loan requirements. We look forward to being the first company
to approve these businesses so they can finally become owners of their commercial
locations.” The Business Opportunities Loan will weigh heavily on the credit score
of the business owner and the length of time they have been in operation. A minimum
of a 700 credit score and 2 years in operation is required to start the application
process. “The underwriting is done very quickly and a commercial appraisal is
ordered within the first few days of the application process,” states Anthony
Guglielmo. “It will most likely be the easiest loan process most businesses have
ever experienced. Owning their location will immediately increase the value of their
business and I take pride in the fact that my company is able to contribute to their
success.” Northeast Commercial Capital is a commercial real estate financing company based in Portsmouth, New Hampshire. It works with clients in all 50 states
with a primary focus on the New England region.### For more information call Jim
Carrigan at 603-957-3025. Contact: Jim Carrigan Tel: 603-957-3025 Email:
jcarrigan@necommercialcpital.com
www.necommercialcapital.com
2009
