May 15, 2017

Business Loans

1 To 5 Year Term Loans with monthly payments

approvals amount from 10%-30% of annual gross revenue

Funds from $25,000 – $500,000 available

Interest rates from 6% – 27%

No pre-payment penalty

MINIMUM GENERAL CREDIT CRITERIA*

Borrower FICO 660+

Business Revenue (most recent tax return year)

Business Net Income (at least 1 of last 2 tax return years)

Years in Business Bankruptcies (Business and/or Personal) Tax Liens (Business and/or Personal) Judgments or Criminal Activity No Sole Proprietorships

660+

$150,000+

10%-30% Profitable

2 Years At Least 7 Years Ago Not Accepted No Prior History Must be LLC or Corp

REQUIRED DOCUMENTATION (FOR ALL APPLICATIONS)

Signed Loan Application 2 Years Business Tax Returns 1 Year Personal Tax Return 6 Months Business Bank Statements Business Debt Worksheet (If there are existing business loans) Financial Statements (P&L and Balance Sheet) – for $150K+

VERIFICATION DOCUMENTS (AS NECESSARY) Personal Bank Statement (most Recent)

Driver’s License

IMPORTANT INFORMATION

Approval time 2-4 Business Days Ineligible Industries: Construction, Transportation & Warehousing Net income should show 10%-30% profit relative to Gross Revenue

Revenue- Based Loans

Payments are debited daily  (M-F) or weekly

Approvals up to 150% of Average Monthly Deposits

Funds From $5,000 to $1,000,000

Rates of $.10 to $.45 for every $1 borrowed

Terms of 3-24 months

No payment penalties

24 hours approvals and same day funding

No credit score minimum

No Collateral  required

Available in all 50 States, Canada and Puerto Rico

MINIMUM GENERAL CREDIT CRITERIA*

Business must be active for a least 4 months

Min $10,000 in average monthly sales

4 Months Active Bank Account

Less that 10 NSFSs/Overdrafts/Negative Days

Required Documentation for Pre-Qualification

Application

4 months business bank statements

4 months of credit card processing statements if applicable

Documents required to close

Application

4 months business bank statements

4 months of credit card processing statements if applicable

Copy of Driver’s License

Copy of Voided Check

Signed Contract

Business Tax Returns last two years

Business Documents i.e. business license, article of incorporation for Corporations, articles of organization for LLC’s

Equipment Financing

Monthly payments 

Approvals up to 150% of average monthly revenue

Funds from $5,000 – $1,000,000

Rates from 9%- 35%

Terms from 1-5 Years

 

MINIMUM GENERAL CREDIT CRITERIA*

6 months Of Operation

Min. Average of $10,000 in business revenue

Min credit of 550

Required Documentation for Pre-Qualification

Signed Application

4 months business bank statements

Copy of the invoice wth equipment

 

 

 

Merchant Cash Advance

Payments are daily % of credit card sales

Approvals up to 150% of average monthly deposits

Funds from $5,000 to $1,000,000 available

Rates of $.10 to $.45 for every $1 borrowed

No Pre-payment penalties

 

MINIMUM GENERAL CREDIT CRITERIA*

4 months of operation

Min. average of $10,000 in credit card processing

Required Documentation for Pre-Qualification

Signed Application

4 months bank statements all pages

4 months of merchant processing statement

Documents Needed To Close

4 months business bank statements

4 months of credit card processing statements if applicable

Copy of Driver’s License

Copy of Voided Check

Signed Contract

Business Tax Returns last two years

Business Documents i.e. business license, article of incorporation for Corporations, articles of organization for LLC’s

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