“The Broker” is a nationally recognized business finance broker serving the needs of American businesses & homeowners. At “The Broker” we’ve got 25 years experience with financing in both the residential and commercial sector. WBusiness Financing & Reverse Mortgage Solutions
At TheBroker.Finance, I help business owners find financing for equipment, working capital, commercial projects, and other business needs. I also help homeowners understand and explore reverse mortgage options.
I have worked in finance for more than 25 years, and one thing I have learned is that not every financing situation fits neatly into one box.
Maybe your business has strong revenue but your credit is not perfect.
Maybe you are trying to finance equipment that a traditional bank does not want to touch.
Maybe you are a homeowner who has built up a lot of equity and wants to understand whether a reverse mortgage could make sense.
Every situation is different.
My job is to look at the full picture, explain the options in plain English, and help you figure out which direction makes the most sense.
What type of financing are you looking for?
[Business Financing]
[Reverse Mortgage]
Business Financing
Equipment Financing
Equipment financing is one of the main areas I specialize in.
I work with a large network of lenders that finance many different types of new and used equipment.
That can include:
- Excavators
- Bulldozers
- Skid steers
- Backhoes
- Tow trucks
- Semi trucks
- Dump trucks
- Box trucks
- Cargo vans
- Trailers
- Restaurant equipment
- Medical equipment
- Manufacturing equipment
- Construction equipment
- And much more
Financing may be available for established businesses, newer businesses, private-party purchases, used equipment, and borrowers with challenged credit.
The important thing to understand is that lenders do not all look at a transaction the same way.
One lender may focus heavily on credit.
Another may care more about revenue.
Another may require a larger down payment.
Another may be more comfortable with the type of equipment you are buying.
That is why finding the right lender can make such a big difference.
[Learn More About Equipment Financing]
Bad Credit Equipment Financing
A lower credit score does not always mean you cannot get equipment financing.
Credit is important, but it is only one part of the deal.
Some lenders also look closely at:
- Monthly business revenue
- Time in business
- Down payment
- Equipment value
- Type of equipment
- Purchase price
- Business cash flow
- Bank balances
- Additional collateral
- Overall strength of the transaction
I work with programs that may consider credit scores in the 500s and, depending on the rest of the file, sometimes even lower.
For example, a borrower with weaker credit but strong monthly revenue may still have options.
Another borrower may qualify by putting more money down.
Someone else may have additional collateral that helps strengthen the transaction.
There is no single program that works for everybody.
The goal is to understand the deal first and then find the lender whose guidelines are the best fit.
[Learn More About Bad Credit Equipment Financing]
Working Capital & Business Funding
Sometimes a business does not need equipment. It simply needs cash.
Working capital can be used for things such as:
- Payroll
- Inventory
- Marketing
- Expansion
- Repairs
- Seasonal expenses
- New contracts
- Business opportunities
- Unexpected expenses
Depending on the business, options may include working capital loans, revenue-based financing, business lines of credit, and other types of business funding.
Qualification can depend on credit, time in business, monthly revenue, bank deposits, and the overall health of the business.
[Explore Working Capital Options]
Merchant Cash Advance Consolidation
If your business already has multiple merchant cash advances, the daily or weekly payments can put a lot of pressure on cash flow.
In some situations, there may be options to consolidate or restructure multiple advances.
These programs are not right for every business, but they may be worth looking at if the current payments are becoming difficult to manage.
Qualification can depend on:
- Monthly revenue
- Number of existing advances
- Current balances
- Payment history
- Business cash flow
- Overall financial condition
The goal is to determine whether there is a realistic way to reduce the pressure from multiple payments and improve cash flow.
[Learn More About MCA Consolidation]
Reverse Mortgage
Reverse Mortgage Options for Homeowners
A reverse mortgage can be a useful financial tool for the right homeowner, but it is not something that should be entered into without understanding how it works.
I help homeowners look at their situation, understand the numbers, and determine whether a reverse mortgage makes sense based on their goals.
For many homeowners age 62 and older, a reverse mortgage may allow them to access a portion of the equity in their home without making a required monthly principal and interest mortgage payment.
You still own the home.
You are still responsible for property taxes, homeowners insurance, maintaining the property, and meeting the requirements of the loan.
How much you may qualify for depends on several factors, including:
- Age
- Home value
- Current interest rates
- Existing mortgage balance
- Type of reverse mortgage
- Overall financial situation
[Learn More About Reverse Mortgages]
HECM Reverse Mortgages
The Home Equity Conversion Mortgage, commonly called a HECM, is the FHA-insured reverse mortgage program.
It is the most common type of reverse mortgage.
A HECM may allow eligible homeowners to access home equity in several different ways, depending on the program and the borrower’s situation.
Possible options may include:
- A line of credit
- Monthly payments
- A lump sum in certain situations
- A combination of available options
An existing mortgage does not automatically prevent someone from qualifying.
In many cases, the current mortgage is paid off through the reverse mortgage transaction.
Whether enough equity is available depends on the home value, the borrower’s age, current program guidelines, interest rates, and the amount owed on the property.
[Learn More About HECM Reverse Mortgages]
Reverse Mortgage Line of Credit
One of the options many homeowners are interested in is a reverse mortgage line of credit.
Instead of taking all available proceeds at once, the homeowner may be able to leave funds available for future use.
This can be useful for homeowners who want access to money for:
- Emergencies
- Home repairs
- Medical expenses
- Retirement planning
- Future income needs
- Unexpected expenses
A reverse mortgage line of credit works differently from a traditional HELOC, so it is important to understand the differences before deciding which option is better for your situation.
[Learn More About Reverse Mortgage Lines of Credit]
Jumbo & Proprietary Reverse Mortgages
Some homeowners have properties with values that are much higher than the FHA HECM lending limit.
In those situations, a proprietary or jumbo reverse mortgage may be worth considering.
These are private reverse mortgage programs rather than FHA-insured HECMs.
Depending on the lender, proprietary programs may have different:
- Minimum ages
- Property value requirements
- Loan amounts
- Credit guidelines
- Property requirements
- Available proceeds
These programs can sometimes be useful for homeowners with higher-value properties who want access to more equity than a traditional HECM may provide.
[Learn More About Jumbo Reverse Mortgages]
Reverse Mortgage for Purchase
A reverse mortgage can also be used to purchase a home.
This is sometimes referred to as a HECM for Purchase.
For the right borrower, it may allow someone to purchase a new primary residence using a combination of their own funds and reverse mortgage proceeds.
This can be an option for homeowners who want to:
- Downsize
- Move closer to family
- Relocate
- Purchase a different type of home
- Preserve more cash after selling an existing property
The required down payment depends on the borrower’s age, home value, interest rates, and program guidelines.
[Learn More About Reverse Mortgage Purchase Loans]
Experience Matters
Whether you are financing a piece of equipment or looking at a reverse mortgage, the details matter.
I have spent more than 25 years working in different areas of finance, including business lending, equipment financing, commercial lending, residential lending, and reverse mortgages.
I have seen plenty of transactions that looked simple at first and turned out to be complicated.
I have also seen transactions that looked difficult at first but had a workable solution once the full situation was understood.
That is why I do not believe in trying to force every borrower into the same program.
The first step should always be understanding the transaction.
From there, you can determine which options actually make sense.
How the Process Works
1. Tell Me What You Are Trying to Accomplish
If you are a business owner, tell me what you are trying to finance.
If you are looking at a reverse mortgage, tell me a little about your home, current mortgage, and what you are trying to accomplish.
2. We Review the Situation
We look at the important details and identify the areas that may affect qualification.
3. We Look at the Available Options
The goal is to find the financing program that fits the situation instead of trying to make the situation fit the wrong program.
4. You Decide Whether It Makes Sense
I will explain the options and answer your questions so you can make an informed decision.
Not Sure Where to Start?
You do not need to know which lender, loan, or financing program you need before contacting me.
That is what I am here to help with.
If you are a business owner looking for equipment financing, working capital, or commercial financing, tell me what you are trying to do.
If you are a homeowner considering a reverse mortgage, tell me what your goals are and what questions you have.
We can take a look at the situation and determine what options may be worth exploring.
Contact Shawn today to discuss your financing options.
[Business Financing Options]
[Reverse Mortgage Options]
About TheBroker.Finance
TheBroker.Finance helps business owners and homeowners explore financing options based on their individual situation.
Business financing options may include equipment financing, working capital, commercial financing, and merchant cash advance consolidation.
Reverse mortgage options may include FHA-insured HECM loans, reverse mortgage lines of credit, reverse mortgage purchase loans, and proprietary or jumbo reverse mortgage programs.
The approach is simple:
Understand the situation. Explain the options. Find the right financing solution.
All financing is subject to lender approval, underwriting requirements, documentation, licensing requirements, and program availability.
Please contact us at Info@TheBroker.Finance for more info about equipment leasing, equipment financing, business financing, reverse mortgages, and more at (714) 271-8524
In addition, we may be able to help with revenue based working capital.