We’re committed to building rewarding, long-term customer relationships. Learn everything you need to know about processing your loan.
General Terms and Conditions
We have some of the most favorable terms in the industry and understand how important it is to offer our clients fair terms. Our customers can count on never having to be penalized for paying off a loan early or be hassled with “junk fees” and ridiculous terms. Call or apply now and see just how great our terms are. It’s fast, easy and most important- free!
We will protect you
We have 25 years’ experience in investigating and profiling the behavior of online criminals, while providing the fastest response to online threats. The awards that our technology has won are proof of our passion to deliver the best protection in the world against malware, hacker attacks, identity theft and fraud.
Here’s What Sets Us Apart From Traditional Bank Financing and other Lenders:
You never have to worry about refinancing a short-term bank note or rising interest rates. The low interest rate Right Way Loans provides is fixed for the entire 25 year term of the loan, no balloons or calls. For example, refinancing a short-term bank loan during a time of rising or high interest rates can mean higher mortgage payments. Since most non-profit organizations spend all of the money they receive, the additional costs could mean cutbacks on needed programs and services. The rate you lock-in will never increase!
Reduce Your Risk
Because of the fixed rates over the life of the loan, you eliminate a substantial portion of the risk associated with borrowing on a multi-million dollar project. For instance, if attendance and growth projections are not met, a bank may not be willing to refinance a short-term loan. Additionally, if interest rates have risen, your organization is faced with an increased new mortgage payment that it can’t afford. With Right Way Loans your organization is not exposed to these risks and you know your total cost for financing. You have a fixed-rate, full-term loan, with no balloons ever.
Is it possible that your organization will need to borrow additional funds for future phases of construction or additional projects? With traditional bank financing, you would most likely have to refinance the original loan at the time of the second loan. This may involve additional fees, increased interest rates or prepayment penalties. With Right Way Loans, loans allow additional financing to simply be added on to the existing loan balance without changing any of the terms of the original loan. Interest rates on the new money would reflect current market rates.
Greater Flexibility and More Control
It is important to read the fine print associated with any loan. Traditional bank loans may have loan covenants that do not fit your organization’s operational needs and can significantly affect future financial strategies and options. Their loans restrict the amount of money your organization can borrow or spend on additional capital projects. Some bank loans are set up with a longer term fixed rate, but require that all future building fund pledges be used to pay down the debt, thus really forcing you to have a short-term loan. We give you total flexibility with the use of your funds.
No Prepayment Penalties
Unlike Right Way Loans , many commercial banks do not allow you to refinance your loan unless you pay a prepayment penalty. These penalties are typically based on the potential lost profit to the bank for the remaining years that the loan would have been outstanding. Our financing does not carry any prepayment penalties or restrictions.