Business Loan with Bad Credit
Private Lending Case Study
21 June 2018
How to Afford a Summer Vacation When Money is Tight
18 December 2019
Alex has spent most of his professional life in the transport industry. Recently, he made a move into manufacturing. He has enjoyed the change in direction, his experience has given him a business idea. His real dream was to be his own boss, so he started making plans to build a Vancouver handyman services business.
His plan was to start small, building the business on the weekends and in his spare time. Ideally, he wanted to build his business within twelve months.
Alex wanted to get some equipment for his business. Unfortunately, he was unable to get a loan to buy his equipment because of his bad credit history with credit cards and previous defaults. So Alex turned out to Rala Investments to aid with his loan.
How we helped
Since Alex had a bad credit, we had to look into other options. We consulted Alex if he had owned any property so that he can take a home equity loan based on the property to fund his business. We were able to find a contract that matched his business goals.
The Result
Rala was able to secure a good home equity loan deal with consideration of the risk associated with Alex’s situation.
Alex was able to obtain the equipment he needed to build his business.
See What Our Customers Have To Say
Christian Noel
An absolute pleasure to deal with. Answered questions day and night and made the whole process of getting a mortgage for my rental property as painless as possible. I was able to focus on hiring a Richmond rodent control team. painters and cleaners to finish up the property. We highly recommend working with Allan and will definitely be returning when it's time for renewal. Thanks again Allan for all your help!Cristian Bishop
Allan delivers exemplary service. His incisiveness and attention to detail really helped me to secure a private mortgage that was better than any bank offered. He was able to make time for me with my busy schedule as a roofer in Maple Ridge to go through a number of papers and documents that I need to sign and simplified for a person like me. His service did not stop after the mortgage closed but he continues to be helpful and understanding to this day. I would recommend him to anyone.
Ebonie Wiley
I would highly recommend Allan. He is hard-working, very responsive to all emails and phone calls, honest, easy to work with, and trustworthy. As a pest exterminator in Coquitlam, I don't always have a lot of free time. Allan helped with the whole process. He offered a fast turnaround and excellent rates. If you are considering using a mortgage broker service, do not look any further. Simply put, I will never use a different mortgage broker again.
Anna Myers
After having dealt with different mortgage brokers for my bad credit mortgage issues, I have to say Rala investments had the quickest and the easiest process to deal with. There was never the problem of them requesting documents repeatedly from me after every process. Everything was done in a single shot and I was given regular updates on the progress. The service was prompt and quick.
John Alexander
Thank you Allan for helping me throughout my mortgage process. Your straight forward and balanced opinions gave me a sense of security and confidence. I also have to mention how quickly you responded to my queries and requests even on your days off. I will definitely recommend your service to my friends and family.
