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YOUR QUERIES

BANK XYZ ANSWERS

Our experts have been dedicated to helping small businesses reach their financial goals through a diverse range of commercial financing products and services.

    Commercial Mortgage FAQs

  • Could Bank XYZ Financial Services, LLC assist me if the loan amount I require is considered too small for traditional bank financing?
    Absolutely. We evaluate loan requests anywhere from $50,000 to $15 million.
  • Can Bank XYZ Financial Services, LLC help me even if my credit score is less than perfect?
    Certainly. While past credit history plays a role in our funders' loan decision process, Bank XYZ Financial Services, LLC understands that small business owners may not always have perfect credit score. The good news is that our funders are open to reviewing applications with lower credit scores and will consider all aspects of the loan request. We take the time to listen to each client's story during our qualification process.
  • Is it possible to use my Bank XYZ Financial Services, LLC loan to pay taxes?
    Yes, it is. Unlike other lenders, our funders understand that there are various reasons why individuals may need a loan to pay taxes. Many borrowers have successfully used their Bank XYZ Financial Services, LLC (originator) associate lenders to fulfill their tax obligations.
  • Is my commercial property eligible for a loan with Bank XYZ Financial Services, LLC?
    Yes, Bank XYZ Financial Services, LLC (originator) can arrange loans on most types of commercial properties.
  • How long do I have to wait to close a commercial mortgage with Bank XYZ Financial Services, LLC?
    Bank XYZ Financial Services, LLC (originator) affiliate lenders are dedicated to promptly reviewing every deal. While we strive to go beyond the numbers and evaluate each situation thoroughly, some cases may take more time than others. Our goal is to close the process for borrowers as quickly as possible.
  • Can Bank XYZ Financial Services, LLC help me even though the bank rejected my commercial mortgage?
    Absolutely. Our funders regularly assist small business owners and commercial property investors who have been declined by traditional banks. We understand your unique needs and take a practical approach to evaluating requests. We aim for a holistic assessment of your circumstances, focusing on providing a financial solution rather than relying solely on your credit score.
  • I am ready to submit a private commercial mortgage request to Bank XYZ Financial Services LLC (originator) affiliate lenders. What do I need?
    There are two ways to submit your request: First, you can 'Submit your deal' by answering a few simple questions, after which one of our account executives will contact you to discuss your request further.
  • Alternatively, you can email us directly at loans@bankxyz.com to request a conversation with an account executive. We will arrange a 15-minute call to understand the key aspects of your situation and guide you on the next steps.


    Equipment Financing FAQs

  • How do you transfer payments to equipment sellers like me?
    Bank XYZ Financial Services, LLC (originator) cannot transfer or receive payments using ACH, wire transfer, or check. However, ACH or wire transfer is preferred, by most of affiliate lenders.
  • Can Bank XYZ Financial Services, LLC (originator) funders prefund deals for equipment sellers like me?
    Certainly. Our funders can provide 100% prefunding to eligible vendors.
  • Besides my equipment, what else can the financing be used for?
    When you finance with Bank XYZ Financial Services, LLC (originator) affiliate lenders, you have the option to include additional expenses such as installation, extended warranty, and delivery in the total cost.
  • How long should I wait for financing from Bank XYZ Financial Services, LLC (originator) funders?
    After submitting your application, we typically notify you or your dealer within 2 hours.
  • What are Bank XYZ Financial Services, LLC/originator funders’ qualifications for approval?
    Bank XYZ Financial Services, LLC/originator works with a variety of credit types and programs designed to cater to both well-established businesses and start-up companies.
  • What do I need to apply?
    Bank XYZ Financial Services, LLC/originator’s online application allows for quick and easy equipment financing requests to our affiliate lenders. For companies that have been in business for less than five years, we strongly recommend providing a personal guarantee from the owner.
  • ‍Who can apply?
    Businesses of all sizes and industries are welcome to apply for financing with Bank XYZ Financial Services, LLC/originator funders. This includes established companies, sole proprietors, new ventures, limited liability companies, and startups.
  • I did not receive an invoice and my payment date is approaching. What should I do?
    Bank XYZ Financial Services, LLC/originator funders strive to streamline the bill payment process. However, there may be situations beyond our control. If you do not receive an invoice, please email loans@bankxyz.com to connect with our customer service representative. Alternatively, if you have your account number, you can include it in your email to expedite the process.
  • Why am I receiving an invoice?
    You may have received an invoice for one of two reasons. First, our funders send monthly invoices as a reminder that your payment is due. Second, invoices may be issued for informational purposes if your monthly payment is scheduled for automatic deduction.

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