Banking - Miami, Florida, United States
LoanBud is a national lender helping business owners, freelancers and entrepreneurs by providing mortgages and SBA-guaranteed business loans.Our company was built from the ground up to provide lending options specifically designed for the entrepreneurial community.Many self-employed people struggle to get a mortgage because of their tax returns. At LoanBud, we offer self-employed borrowers the option to qualify using bank statements of 1099's instead of tax returns. Whether they use tax returns or alternative documentation, we review each applicant's income up front, giving our customers confidence that their loan will close once they find a home to purchase.LoanBud provides Jumbo loans with 5% down up to $2 million or 10% down up to $5 million; along with no doc mortgages for investment properties or Airbnb homes with 15% down and no personal income used to qualify. LoanBud also offers Small Business Administration (SBA) loans to business owners. LoanBud FlashCap™ SBA Loans provide up to $350,000 in as little as two weeks. Funds can be used for working capital, equipment, inventory and more.We provide up to 100% financing for SBA 7(a) loans used for the purchase of owner-occupied commercial real estate, up to a $5 million loan amount. SBA 7(a) loans can also be used to purchase an existing business or franchise, buy out a partner, or purchase a book of business, all with as little as 10% down.As an SBA Preferred Lender Partner (PLP), we have the authority to make credit decisions unilaterally, bypassing the SBA and saving weeks of processing time.We lend in all 50 states and utilize cutting edge technology to ensure an exceptional borrower experience.LoanBud is a division of First Home Bank d/b/a BayFirst Bank, a Federal Reserve member and a state-chartered banking institution NMLS ID 806183.
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