Mar 27 2021: When COVID-19 disrupted financial systems around the world, private lending institutions like Global Capital Partners Fund LLC helped both individuals and businesses meet their daily operational expenses. During this time, the president of the company, Joe Malvasio, provided advice for businesses that were struggling to stay afloat.

In his statement, Malvasio said, “With hard money loans, there’s plenty of room to negotiate the terms and conditions of the loan. Since you’re borrowing from a private lender and not a financial institution, the lending rate isn’t fixed. The lenders at Global Capital Partners Fund LLC are glad to sit down with clients and chalk out a repayment schedule that suits both the parties.”

Retail and service sectors were among the worst-hit businesses in 2020. Many businesses eventually had to shut down due to lockdown restrictions, lack of consumer spending, and a reduction in in-store traffic. Businesses that didn’t have any e-commerce model and solely relied on the brick-and-mortar landscape were hit the hardest during the pandemic. Hotel rooms were empty. Salons and spas were deserted. Hairdressers went out of business. Cab drivers had trouble looking for clients. Most businesses went under because of an acute lack of revenue generation and funding.

Global Capital Partners Fund LLC proposes a number of financing options that could help businesses stay afloat during this challenging time. As per Malvasio, hard money loans are the most viable option for small and medium-scale businesses. According to him, one of the most significant benefits of hard money loans is their ease of processing. There is little need to comply with the Fed rules, little paperwork involved, and fewer formalities involved.

Malvasio continued, “Private lenders don’t usually take your monthly income stream or bank ending balances into account before lending you a hard money loan. In most cases, valuable collateral is enough to secure your loan. This is why hard money loans are often known as asset-based loans as well. Your loan derives its value from the value of the underlying asset. This is also why it works as a great option for your business. You can use your business assets and vehicles as collateral too.”

Other than hard money loans, Global Capital Partners Fund LLC also specializes in commercial construction financing.

About Joe Malvasio

Joe Malvasio is the president of Global Capital Partners Fund. With 30 years of experience in the industry, he has helped numerous clients successfully invest in the commercial real estate market by providing hassle-free acquisition and commercial financing solutions at flexible terms.
Authorization

"I, Ricky Taylor, am an authorized distributor of news and have the authorization to use the company’s name, Global Capital Partners Fund, in press releases."
Contact Information

Website: https://gcpfund.com/
Contact: 1-800-514-7350
Fax: 516-299-9133
Business Address: 274 Madison AvenueSuite 901, New York, NY 10016
Email: [email protected]