BIRMINGHAM, Ala., May 29, 2019 /PRNewswire/ -- Leading Alabama-based financial services company, CHERRY Capital Sourcing Partners, LLC is excited to announce the launch of their new commercial loan sourcing business. With over 30 years' experience in the financial services space, the company represents a combined $550 million in available funds from private lenders.
Nadine Rennicks, Senior Vice President, Client Solutions, says, "Our core purpose as a commercial loan broker is to match companies in need of a business loan to private credit funds that are willing to lend. As a sourcing partner, we've assembled private lenders that possess a wide range of lending criteria. We work to match borrowers the best lending opportunity in order to meet their business goals."
The typical commercial loan sourced by CHERRY Capital Sourcing Partners, LLC will range from $500,000 to $5 million dollars. The standard term will be 12 to 24 months, with an end-of-term restructure program available. Funding is generally a process that takes 20 days or less and the company serves clients across all industries.
The partners sourced are authorized to lend in the following countries: United States, United Kingdom, Australia, Belgium, Germany, Luxembourg, the Netherlands, and Switzerland. They are private lenders, which allows them to be creative in structuring loans. Businesses that need working capital or simply build future credit, can seek the able assistance and expert guidance from the team at CHERRY Capital Sourcing Partners, LLC.
In addition to traditional commercial loans, the company has established a robust Commercial Debt Refinance Program that can restructure merchant cash advances as well as other types of business loans.
Visit www.cherrycapitalsourcing.com for more information.
About CHERRY Capital Sourcing Partners, LLC: Cherry Capital Sourcing Partners, LLC was established for the single purpose of bringing together businesses that need cash and private lenders that present multiple commercial loan options.
Cherry Capital Sourcing Partners, LLC has no direct affiliation to any single private lender. The company works to find the right solution regardless of source, with a goal to make access to capital easier for businesses. The company has eliminated the challenging task of locating and vetting lenders. Organizations seeking a commercial loan can register on-line and take the first step towards securing the funds they need for their business.
For more information, please contact:
Senior Vice President, Client Solutions