ABOUT TERM LOANS
Similar to traditional bank style financing. A Term Loan is a set amount that a borrower pays back at a fixed amount. The common uses for these types of loans are business expansion, working capital.
B E N E F I T S
– Traditional APR
– No prepayment penalties
– Monthly payments
– Rates starting at 7.99%
– Funding 1-3 days
QUALIFICATIONS
– 2 years time in business.
– No bank liens or foreclosures in the
last 3 years.
– 660+ FICO.
LOAN AMOUNTS: $25,000 – $2 Million
TERMS: 1 – 5 years
FUNDING: 1 – 3 Days
ABOUT SBA LOANS
An SBA loan is a government-backed loan that can be used for starting or expanding a business. The loan has certain requirements for eligibility, such as size standards, providing the ability to repay and a solid business purpose.
B E N E F I T S
– Fixed and variable options.
– No prepayment penalties.
– Monthly payments.
– Terms up to 25 years.
– Prime rates.
– Government-backed.
QUALIFICATIONS
– $60,000 Gross Annual Sales.
– 3 Years Time in Business.
– No loss on previous 2 years tax returns.
– Financials required.
LOAN AMOUNTS:
Up to $5 Million.
TERMS: Up to 25 Years.
FUNDING: 90 – 120 Days.
ABOUT UNSECURED WORKING CAPITAL
Unsecured working capital isn’t technically a loan, but rather a cash advance that is paid back by withdrawing a percentage of your credit sales, typically on a daily basis.
B E N E F I T S
– Fully customizable based on business need.
– No compounding interest.
– Monthly payments.
– Funds can be used for any use.
– Pay-back based on the sales of the business.
QUALIFICATIONS
– 3 months in business.
– $60,000 in annual gross sales.
– No minimum FICO.
LOAN AMOUNTS: $10,000 – $5 Million<br>
TERMS: Flexible Terms<br>
FUNDING: Same Day
ABOUT BUSINESS LINE OF CREDIT
A business line of credit provides flexibility for the business owner. Rather than a fixed amount issued at one time, funds can be accessed as needs arise. Funds are made available again, as the balance is paid down.
B E N E F I T S
– Only pay interest on the funds drawn.
– Credit available as need.
– Draw as many times as you need.
– Fast approvals.
QUALIFICATIONS
– 6 Months in Business.
– $60,000 in annual gross sales.
– No minimum FICO.
LOAN AMOUNTS: $10,000 – $1 Million.
TERMS: 6 Months – 10 Years
FUNDING: 1 – 3 Days.
ABOUT ACCOUNTS RECEIVABLE FINANCING
Accounts receivable financing is when a company will sell or finance off their outstanding invoices for working capital. It can either be in the form of selling the asset to the lender or using the accounts receivable (invoices) as collateral for the
loan.
Special Program available to doctors and medical professionals based on insurance receivables.
B E N E F I T S
– Typically lower interest rates.
– Doesn’t require other collateral.
– Ability to factor new AR as they become available.
– Saves time for collecting your receivables.
– Opens up cashflow.
QUALIFICATIONS
– No minimum FICO score.
– Aging report required.
– $500,000 annual gross sales.
LOAN AMOUNTS: $10,000 – $5 Million.
TERMS: 6 Months – 10 Years.
FUNDING: 1 – 5 Days.
.ABOUT EQUIPMENT FINANCING.
Businesses utilize equipment financing to purchase business-related equipment. Obtaining these assets can be through equipment leasing or equipment financing, which doesn’t require businesses to pay out of pocket large amounts of cash. Ultimately freeing up working capital within the business. Equipment Financing is based on the value of equipment and the business’s affordability.
B E N E F I T S
– Monthly payments.
– Multi-year.
– Longer terms.
– Low or NO down payment.
– Tax benefits (section179).
QUALIFICATIONS
– No minimum time in business.
– 580+ FICO score.
– No minimum in annual gross revenue.
LOAN AMOUNTS: $10,000 – $5 Million.
TERMS: 1 – 5 Years.
FUNDING: 1 – 5 Days.
