Mission: Company established the year of 1999 in the name of Barrett Enterprise in New York and relocated to North Carolina in 2001 and changed the name to Southern Business Solutions in 2009. We believe integrity, transparency and good work ethics achieve great success. Need funding for your real estate project rather if it is a purchase, rehab, refinance, construction, land, cash out, or cross collateralize. Need funding for your business such as business line of credit, business credit cards, revenue loans, equipment finance, private funding, free and clear title loans ,retirement funding or business acquisition you have come to the right place. We are a hybrid of a brokerage firm and alternative financing and have various programs to benefit your business needs. Loans are not structured to fit all loan types but tailored and customized to benefit the need of the client.
Our real estate investment loans are collateral based loans against hard asset-typically real estate and is often referred to as private mortgage loans, our loans are provided by private sources ( small lenders, large government or Wall Street backed sources). Our loans are often searched when a person is having a difficult time getting approved for a conventional loan. The approval process for our loans are usually much more streamlined than conventional loans because we look mainly to the collateral as security for repayment than the borrowers credit score alone.
Our loans can be used for both commercial and residential properties and we are able to create more flexible lending terms that will meet both parties (lender and borrower) needs. Another advantage of our loans are they typically close very quickly and with little documentation. Of course, since these loans are usually "outside of the box" and higher risk, the interest rates for our loans are usually higher than conventional loans.
Low credit scores? That's OK too;
We welcome foreclosure/bank REO properties;
Interest only and Interest and principal options are available;
All loans must be for business or investment purposes (sorry, no primary residences at this time);
We can handle cash-out refinances of development land or existing structures;
Need to sale your home or commercial investment; we have established a program to assist you with the sale of your home or commercial investment, no matter the condition as long as the numbers makes since.