Published By Janet Gershen-Siegel at July 18th, 2018
Pearl Financing is a lender in the online space. However, there are two players with similar names. This blog post will cover both: Pearl Capital Business Financing and Pearl Financing. This post was updated in December of 2021.
Pearl Financing is a lending company in the online space. They provide various loans and forms of financing to businesses.
This lender is located online here: https://www.pearlfinancing.com/.
Their physical address is:
11010 Lake Grove Blvd
Suite 100 PMB 119
Morrisville, NC 27560.
But this lender currently only handles real estate funding.
Pearl Financing partners with private investment firms for this typical form of real estate financing. There are no fees listed on their website for this form of funding.
This lender offers several forms of financing. These include SBA 7(a) loans, CMBS Conduit loans, HUD, equity, and conventional loans. There are no fees listed on their website for these forms of funding.
This is a type of commercial real estate loan secured by a first position mortgage on a commercial property. These loans are packaged and sold by conduit lenders, commercial banks, investment banks, or syndicates of banks.
Terms are five, seven, or ten years. 25 – 30 year amortization. 75% loan to value/80% with Mezzanine Loan Combo. Rates are fixed but otherwise they offer no specifics.
This is a hybrid of debt and equity financing. It gives the lender the right to convert to an equity interest in the company in case of default. This is often after paying venture capital companies and other senior lenders. There are no fees shown on their website for this form of funding.
Advantages include a variety of choices for real estate funding. House flippers will do well to work with a specialist, which is what this lender brings to the table.
So the chief disadvantage is no listing of fees anywhere, not even a range. This lack of transparency should be troubling to any entrepreneur. In addition, the company needs to distinguish themselves better from a similar company with a nearly identical name. In addition, that other company works in a similar industry. As a result, borrowers can easily end up on the wrong site.
Pearl Capital Business Financing is also a lending company in the online space. So it is evidently unrelated to Pearl Financing.
But they work with Independent Sales Organizations (ISOs) and merchants only. This other online lender helps ISOs find more merchants to sign on. So these are with credit card payments or to create merchant cash advances. Yet there is no listing for their fees on their website.
Pearl Capital Business Financing is located online here: https://pearlcapital.com/. Their physical address is in Jersey City, NJ. You can also call them at: (800) 888-9959.
The businesses which will do the best with Pearl Financing are the ones with high financing needs but the companies are currently small. Therefore, these are companies which they expect to grow quickly and meteorically.
But companies which need less funding have other options. And they should make sure to compare offerings closely.
And finally, as with every other lending program, read the fine print and do the math. Also, go over the details with a degree of care.
So only you can decide if this option will be good for you and your company. In addition, consider alternative financing options that go beyond lending. And these will always include building business credit. Business credit building is useful as it becomes a company asset. And you can draw on it when you need it.