Peach Capital is proud to be a signatory of the Small Business Borrowers’ Bill of Rights, guidelines set by The Responsible Business Lending Coalition. These guidelines mirror our own commitment to responsible credit culture and equal access to small business funding for all.
At Peach Capital, we are at the forefront of the Small Business Loans and Real Estate Investments Loans brokerage industry, and our mission is to provide a distinct service and deploy innovation transmitting accurate, current, and complete information about the loan to third-party collectors and debt buyers that can ultimately help you produce more for less.
To ensure maximum performance of your business, we assist our customer with precise information and tools in order to help you to manage better and optimize solutions that facilitate to get the loan tailored to your business.
For operating, grow and doing investments every business needs financial resources, and we know you are focused on delivering the highest level of performance in your business fields and, you are desperate to thrive; that’s why Applying to Peach Capital, you giving us the power to fight for you and your company; our financial advising team are focused to help you get the money you need in the best terms and lowest rates and maximize the value of your business asset.
Peach Capita will also allow you to avoid surprises when it comes time to close on the business loan. Allow our expert to help you effortlessly compare real-time offers from competing for funding partners for business loans so that you can make a knowledgeable choice and saving time, effort and money.
You have a right to see the cost and terms of any financing being offered in writing and in a form that is clear, complete, and easy to compare with other options so that you can make the best decision for your business. In order to protect your Right to Transparent Pricing and Terms, lenders and brokers must:
You have a right to loan products that will not trap you in an expensive cycle of re-borrowing. Lenders’ profitability should come from your success not from your failure to repay the loan according to its original terms. In order to protect your Right to Non-Abusive Products, lenders must:
You have a right to work with lenders who will set you up for success, not a failure. High loss rates should not be accepted by lenders simply as a cost of business to be passed on to you in the form of high rates or fees.In order to protect your Right to Responsible Underwriting, lenders must:
You have a right to transparency, honesty, and impartiality in all of your interactions with brokers. In order to protect your Right to Fair Treatment from Brokers; we offer:
You have a right to fair and equal treatment when seeking a loan. In order to protect your Right to Inclusive Credit Access, lenders and brokers must:
You have a right to be treated fairly and respectfully throughout a collections process. Collections on defaulted loans should not be used by lenders as a primary source of repayment. In order to protect your Right to Fair Collections Practices, lenders must:
– The term “loan” and related terms used here such as “lending” are intended to be interpreted in the broadest sense possible so as to include loans, lines of credit, merchant cash advances, and similar products offered and provided to U.S. small businesses, whether or not such credit products are characterized legally or otherwise as loans. Similarly, the terms “lender” and “borrower” are intended to be interpreted in the broadest sense possible so as to include, in the case of lenders, credit marketplaces that facilitate loans on behalf of lenders, cash advance providers, and all manner of persons providing loans to U.S. small businesses or evaluating the creditworthiness of such small businesses in connection with providing a loan, and, in the case of borrowers, all U.S. small businesses who seek or obtain a loan.
– APR (annual percentage rate) is the annual rate that is charged for borrowing, expressed as a single percentage number. It includes fees as well as interest rate, and represents the actual yearly cost of funds.
– While it may be appropriate to charge a reasonable service fee for loan modifications that clearly help the borrower, it is not acceptable to effectively double-charge the borrower while refinancing or renewing by assessing the predominant financing charge, such as a 20% factor rate, on a borrower’s outstanding principal, which they have already paid for.
– While recognizing that some situations may require more time to resolve, a lender will be expected to research and resolve a complaint in less than three weeks.
P.S. As always, please take a minute to leave a comment on my blog. I want it to be a conversation rather than a rant from my soapbox.
To Our Success Together
P.P.S. And don’t forget my constant reminder: we’re still lending! Call 800-722-5956/email: firstname.lastname@example.org/fax 877-624-4455/live chat with us on the next wealth-creating commercial property ownership loan you know about.