For Benworth, this means for loans to purchase or refinance property, borrowers can take up to 2 years to repay. For second mortgages, borrowers can take up to 5 years to pay back the loan. What is a Loan-to-Value (LTV) ratio?
Additionally, does Benworth capital Do PPP loans?
As an alternative lender, Benworth provides real estate-secured loans and unsecured loans through its family of companies. In April 2020, Benworth became one of the few non–bank lenders authorized by the SBA and U.S. Department of the Treasury to offer Paycheck Protection Program (PPP) Loans.
Simply so, how do I contact Benworth Capital Partners LLC?
Benworth Capital Partners
- 7000 SW 97th Ave, Ste 201, Miami, Florida, 33173, United States.
- (305) 676-9632.
- <$5 Million.
How do I know if my PPP loan is approved?
If you applied for your PPP loan via Womply, you can check loan application status at https://www.womply.com/ppp-status/. If you did not apply through Womply, you will need to contact your SBA-approved lender and request a status update.
The website you can use to repay your EIDL loan can be found at Pay.gov. You must have your 10-digit loan number and a payment amount in order to pay it back. There is no prepayment penalty but it is possible a minimal amount of interest has accrued from the time the loan was disbursed.
Approvals come in 24 hours, and funding within days.
At Womply, we’ve helped 200,000 people with their PPP loans and we’ve seen loans funded in as little as 14 days from the date of application, and often faster. If all your paperwork is in order, it can take as little as a couple of days for your lender to review and submit your application to the SBA.
Lenders have up to 20 days after the date the SBA approves your application to fund your PPP loan. In most cases, this funding happens within 2 to 3 business days after you sign your promissory note.
In order to use Womply Pay, we conduct a quick and easy verification process to ensure we are as secure as possible. Once your bank account has been linked, a member of our team goes through a security and verification process that typically takes between 1-3 business days.
About Benworth Capital
Benworth Capital is a Miami, FL based private lender providing funding in Florida. They offer cash out hard money loans, long term rental property loans, and fix and flip hard money loans. … They primarily provide loans for single family residences.
“After more than a year of operation and serving more than 8 million small businesses, funding for the bi-partisan Paycheck Protection Program has been exhausted,” a Small Business Association (SBA) spokesperson said in a statement to CNN. … This is not the first time the PPP loan money has run out.
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