Merchant Cash Advance
Alternative to lengthy approval processes and strict credit requirements for traditional Financing, a merchant cash advance provides unsecured capital to business owners on future sales, providing businesses an alternative to traditional bank loans. MCA’s quickly provide cash for businesses, allowing you to borrow against future earnings to access that capital today.
- Factor rates range 10%-49% (Fixed rates, not APR)
- Payments are made either Daily, Weekly, or Bi-weekly
- Term: 30 days up to 36 months
- Same day financing available
- Amounts range from $5,000 - $2,000,000
Requirements for Approval
- Single Page application
- 4-6 Months business bank statements
- Driver's License
- Voided Check
- Additional Documents may be requested in approval process Example: Tax returns, Accounts receivable reports, Profit & Loss statement & balance sheet, Proof of ownership
Term Loan
A long-term loan that has a specified repayment schedule,A term loan gives you the cash to grow your business, whether it be to renovate a work space or buying inventory. With a term loan, you borrow a lump of cash upfront for a specific purpose and repay the loan over a set period of time with fixed, equal payments.
- Businesses with strong credit are provided with our longest terms and lowest rates
- Payments are made monthly
- Rates range from 7%-24%
- Terms range from 1-5 years
- Approvals are based on credit, industry, and financial strength of the business
Requirements for Approval
- 6 Most recent months of business bank statements
- Last 2 years of business tax returns as well as most recent personal tax return
- Debt Schedule
- Personal Financial statements
- Balance sheet
- Profit and loss statement
Lines of Credit
A flexible loan that is in place when needed, A line of credit allows you to borrow for planned or unexpected events with lower rates and flexible repayment plans.
- Owner(s) FICO scores Above 650
- Rates From 5-20%
- LOC’s are paid on a predetermined schedule (Weekly or Monthly)
- Terms 6-24 Months
- Funds are available as principal is paid down
- Maximum $250,000
- Fast Approvals
Requirements for Approval
- 6 Months business bank statements
- Application
- Drivers License
- Voided Check
- Additional Documents may be requested in approval process Example:Tax returns, Accounts receivable reports, Profit & Loss statement & balance sheet, Proof of ownership
SBA Loans
Small business loans backed by the U.S. Small business administration.
- Must meet the requirements put forth by the SBA and the lender
- Application turnaround time 4-6 weeks
- Funding amounts up to $5,000,000
- Terms range 5-25 years
- Rates are based on Market prime rate, loan size & term, time in business, credit profile, existing debt and overall profitability
