SEE LOAN TYPE & REQUIREMENTS BELOW
Collateral Required:
-Strong personal credit
Approval Amounts:
-$10,000-$150,000
Term:
-Revolving credit cards
Rates:
-Varies per card, 9.9% success rate fee paid after funded
Requirements:
-Personal credit score 700+ on all 3 bureaus
-Under 40% utilization on each revolving accounts
-No more than 4 bank inquiries per bureau in the last 12 months (Does not include secured inquiries like auto loans and mortgages)
-No bankruptcies at all
-No open/unpaid collections or judgments
-No late payments in 2 years and no charged off accounts
-Seasoned major bank card trade lines $5,000 limit +.
-Must have a minimum of 2 open revolving accounts with $5,000 limit +, with at least 2 years of history or more. Can not be an authorized user account.
Details: Approval amounts are typically similar to their current credit card limits. Pre-approval is a soft pull on
Collateral Required:
-Consistent revenue verifiable through business bank statements
Loan Amounts:
-$10,000-$10 Million
Term:
-6-36 months
Factor:
-1.15 -1.45%
Credit Requirements:
-Personal credit score 500+
-No recent bankruptcies
-At least $10,000 in monthly gross revenue. (last 6 months business bank statements to reflect)
-Time in Business – 6 months or greater
-Business must do over 5 deposits each month
-Some financial services industries are prohibited
Deal Submission Requirements:
Application, 6 months business bank statements
Collateral Required:
-Consistent revenue verifiable through business bank statements
Line Amounts:
-Credit lines up to $750,000
Term:
-Revolving credit
Rates:
-Simple interest
Requirements:
-Personal credit score 600+
Details:
-Time in business – 1 year or greater
-$25,000 or higher deposited monthly in your business bank account
-Only pay on amount drawn
Deal Submission Requirements:
-Application
-6 months business bank statements
CollateralRequired:
-Consistent revenue verifiable through business bank statements
Loan Amounts:
-Approvals up to $10 million
Term: 1
-5 years, monthly payments available
Rates:
-Variable
Credit Requirements:
-Personal credit score 650+
Details:
-Time in Business – 1 year or greater
-$25,000 or higher deposited monthly in your business bank account
Deal Submission Requirements:
-Application, 6 months business bank statements
Collateral Required:
-Revenue from Business and Personal Financials
Loan Amounts:
-Up to $5 million
Term:
-10 to 25 years
Rates:
-Prime + 1% – 2.75%
Credit Requirements:
-Personal credit score 650+
Details:
Time in business – 2 years or greater
Showing some profits on business tax returns for 2 years (no losses)
-No felonies/criminal history
-No defaults on federal loan (VA, FHA or student loan)
-Funding process 4 to 8 weeks
-Can be used for working capital or real estate purchase
Acquisition Financing:
-Personal credit score 650+
-History of management or ownership(of the business being acquired) in a similar or same industry
-3 years of financials from the current business owner
-3 years personal tax returns
-Business debt schedule
15-20% down
Projection Based Lending:
-Personal credit score 650+
-Previous experience in the field
-Personal financial statement
-3 years personal tax returns
-Business debt schedule
-15% to 20% down payment required
Deal Submission Requirements
-Application
-Business tax returns -if applicable
-Personal tax returns – if applicable
-Personal financial statement -if applicable
-Business bank statements(if applicable)
-Business plan
-Financials from business owner
Collateral Required:
-Account Receivables
Loan Amounts:
-Up to $20 million
Term:
-Variable
Rates:
-Interest rates under 2%
Credit Requirements:
-Poor credit accepted
Details:
-Receive an advance up to 80% of your receivables
-Must be from another business or government agency (not business to consumer)
-No application fees
-No revenue requirements
-Gives business owners access to cash before the 30, 60 or 90 days that it takes customers to pay their bills
-Invoice verification
-Credibility of the Invoicing company
Deal Submission Requirements:
-A prepared Accounts Receivable (AR) Statement/Aging sheet
Collateral Required:
-Purchase Orders
Loan Amounts:
-Up to $20 million
Term:
-Variable
Rates:
-2% – 5%
Credit Requirements: -None
Details:
-$200,000.00 minimum in existing purchase orders
-Transaction size ranges from $200,000 to $20 million and is based on the amount of purchase orders the client has in hand and the client’s ability to perform when they have a credit worthy end buyer
-Up to 95% of existing purchase orders
-Funds received are paid directly to the supplier
Deal Submission Requirements:
-Provide outstanding purchase orders needing filling
Collateral Required:
-Inventory
Loan Amounts:
-$50,000 – $15 million
Term:
-up to 1 year
Rates:
-Prime + 2% and higher
Credit Requirements:
-Personal Credit Score 520+
Details:
$50,000 or higher deposited monthly in your business bank account
Deal Submission Requirements
Provide information on Inventory
Collateral Required:
-401K or IRA
Loan Amounts:
-Up to 100% of current retirement account value that’s “rollable”
Term:
-5 years, if applicable
Rates:
-Prime + 2 and fees – $3500 to $5000
Credit Requirements:
-None
Details for 401k:
-No longer contributing and no longer employed by the issuing company
-$35,000 minimum in the 401K account
Details for IRA:
-$35,000 minimum in the IRA Deal Submission Requirements:
-For 401k most recent statement
-For IRA most recent statement
Collateral Required:
-Stocks, Bonds, Treasuries and Other Securities
Loan Amounts:
-$50,000 and up
Term:
-Flexible
Rates:
-between 3-8%
Credit Requirements:
-None
Details:
-$75,000 minimum in Stocks
-$60,000 minimum in Bonds and Treasury
-Up to 90% of value
-Cannot be retirement accounts
-No defaults on any government debt including student loans, or a recent bankruptcy or foreclosure within the past 3 years.
-Securities remain in your name
-Need to be publicly traded companies
-Needs to be 100% Vested
Deal Submission Requirements:
-Need most recent securities statement
-Picture ID (Driver’s LLC)
Collateral Required:
-Commercial Real Estate
Loan Amounts:
-$50,000-$10 million
Term:
-12 months up to 30 years depending on program
Rates:
7.99% and up
CreditRequirements:
-Personal credit score 650+
Details:
To use as collateral
-Personal credit score 650+
-Must own investment home or commercial property
-Physical building with tenant
-Equity in property
-Monthly revenue to support repayment
To use for a Purchase:
-Personal credit score 660+ for first time investors
-Personal credit score 620+ for business owner who has done at least 5 fix n flips in last 3 years
-No outstanding judgements, tax liens, or bankruptcy in the last 3 years
-Must have 15-30% down payment plus closing cost
-Cannot do primary residential
Deal Submission Requirements
Application
-Real estate sheet
-3-6 months business bank statements
-Personal financial statement
Collateral Required:
-Equipment valued at least $35,000 or greater
Loan Amounts:
-Up to $5 million
Term:
-Variable
Rates:
-6.25% – 25%
Credit Requirements:
-Personal credit score 500+
Details:
To use for a Purchase:
-Time in business – 2 years or greater
-$10,000 or higher deposited monthly in your business bank account
To use for Collateral:
-Time in business – 2 years or greater
-Equipment purchased within 30-45 days via cash or credit card with invoice that shows that Equipment could have been purchased via equipment vendor
Deal Submission Requirements
-Equipment invoice
-Business bank statements with 6 months revenue to support equipment payment
Collateral Required:
-Book of Business Report – Rolling 12 month breakdown commission by carrier
Loan Amounts:
-$50,000-$50 million
Term:
-Up to 12 years
Rated:
Variable
Details:
-For acquisition, working capital or business debt restructure
-Commission based loans
Interest-only options
Deal Submission Requirements:
-Application
-Personal Financial Statement
-Book of Business Report
-Year to Date Profit and Loss
-Most recent balance sheet
-2 years of corporate tax returns
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