Scenario: No Financials
A small business owner wished to purchase stock for the Entity. Financials were not up to date and borrower could not access bank funds. Lightspeed Finance provided a loan secured by second mortgage over the residential property of the business owner within days. The Applicant settled Lightspeed Finance via a refinance of the residential loan once the business financials were completed. Lightspeed Finance assisted the applicant during the refinance process.