Florida Business License Checks
florida business license checks
How to use the Better Business Bureauto check out your Hard Money Lender
With more folks turning towards private money lending in Florida, it’s sensible to check with the Better business bureau (BBB) before doing business. The BBB keeps track of all sorts of companies, like a roman guard of compliance. Before getting a private mortgage loan always check with the BBB to make sure you’re working with a quality mortgage lender.
If you’re not in the know, private money is a loan from an private lender compared to a bank. With the economy in a mess and banks not lending money, people are moving towards hard Money lenders to get the money they need. To help keep building on the rise, higher populated areas are turning towards hard money and private lenders with increasing numbers.
Hard Money is not regulated the same way as bank loans, which is a blessing and a curse. With some private mortgage brokers you can get a loan without a credit or employment check, which is great if you are self employed or have poor credit. On the other hand you must be sure you’re dealing with a responsible broker.
I recently worked with a hard money broker named Franklin Karr and I’ll use this company as an example. This is the same process I used when deciding on a Hard Money loan to purchase an investment property in Miami, FL. After viewing their website, I went to the BBB and researched the company. I saw that he has the highest rating available (A+), no complaints, and also had a good review. I felt good about a company with such a great rating, so I contacted Frank personally and started working with him.
There is no better way to check your hard money broker’s record then with the Better Business Bureau (BBB). The first step is to open the Better Business Bureau’s national database at http://www.BBB.org/us . On this page, towards the middle, you’ll see an orange button that says “Check out a Business or Charity”. Click this button, type in the name of your mortgage broker’s company and click enter.
Below you’ll see a list appear of possible matches. A new window will open after you click the name of your mortgage company. In the center of the page is a clear letter rating, just like your favorite science teacher would give you. These grades are based on a number of factors, the most important of all is customer satisfaction. To the right of the letter grade is an explanation of the grade and below that more information on the business.
Always keep the BBB in mind before making a decision to work with a hard money lender in Miami. A good rating equals out to many factors including proper licensing and government compliance. Keep in mind that any business with a bad rating or not listed could potentially cause you problems. Finding a business with an A+ rating, such as Franklin Karr, is a true treat and should be preserved like a golden ring.
About the Author
Private Money Broker Dade is a great sourse to find information on Hard Money Lending. You can find resourses and information to help you get a loan today.
trying again –LICENSE SUSPENSION HARDSHIP REINSTATEMENT?
OK, trying again here. Can a person with suspended license in Florida who is self-employed use a ‘hardship reinstatement’ to drive 24/7? He claims that if he is stopped he can just tell the officer that he is on ‘work-related’ business (i.e. that he has been to check out a potential job). I appreciate the answers to my prevoius questions on this topic, but feel that perhaps I wasn’t clear, as the question hasn’t been answered yet! I understand how the hardship reinstatement works for employed people — I don’t know if a person who is self-employed can use it to effectively cancel the suspension, as above. He says he did it before a few years ago and got away with it (the previous time it was a DUI suspension — this time it’s a suspension for non-payment of child support).
No. Hardship is issued with strict terms, usually work and home and that’s it. Explain it at 11:00 to a cop. Or at 2 AM.
Judge will decide.
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