Is there an up-front commission for your service?
NO, there is never any up-front commission. Our initial consultation is ALWAYS free and for many of our services  there is no fee until after closing. In some cases we are paid by the lender only and never receive a fee from our clients. There is a small processing fee to cover direct costs incurred.

I'm not good with all that paperwork, will Diamond Financial help?
Absolutely, we prepare all loan packages presented through our company and pride ourselves on accuracy and thoroughness. You just provide the documentation we require and we do the rest.

How long before funding takes place?
Depending on which service you require and the essence of the project, time varies from just 5 days to up to 4 months and more. The average business loan presentation is 45 days with an initial approval within 10 days of submission.

What type of lenders do you use?
Diamond Financial Services has established relationships with the largest and most aggressive lenders in the country. Our databanks provide specific lenders for specific business types.

Is there a guarantee of funding?
No, approval is entirely a lenders decision. We can provide basic funding strategies and know-how to
increase your percentages.

Must we have 3 years of credit history?
No, this is where Diamond Financial differs from most banks. Our lenders consider projections along with the management skills and future growth potential.

Can Diamond Financial Services secure personal funding?
No, we only work with businesses and companies. We do have a list of lenders that can assist you in
personal credit lines but we offer them as referrals only.

What would the interest rate be?
The interest rate (regulated by SBA law) cannot exceed 2.75% over prime. This is the highest allowable and depending on individual request the rate may be lower.

Is there any pre-payment penalty?
Not on any loans with up to 15 year terms. From 15 to 25 year terms the penalty is 5% the first year, 3% the second year, and 1% the third year. After year 4 there is no pre-payment penalty.