LONG TERM LOANSOur business term loans range from
1 - 10 years depending on the business profile, the business annual revenue, use of proceeds and time in business. We have competitive rates starting at 7.99% to 15% with no up front fees for underwriting, processing, commitment, appraisal on some loans depending on the structure of the loan. Loans size range from $50,000.00 with no maximum amount. Closing in 5 - 7 business days. Our long term loans are not like the traditional loans you get from banks or credit unions with all of the red tape but require less documents needed to close. Need to be in business for 2 months and credit score can be as low as 500+ to qualify. |
SBA LOANSA Small Business Authority (SBA) 7 (a) loan can be used for working capital, equipment, payroll, acquisition, or expansion with rates starting at Par plus 2.75% for a 10 year term. Loans range from $100,000.00 - $5,000,000.00 maximum size and the process takes 60 - 90 days depending on how rapid the documents are transferred back and forth. Need to be in business for 2 years no start ups allowed. No collateral for loans under $250,000.00 loans are based off the revenue of the business. Credit score need to be 500+ and the SLA score need to be 620+, SBA guarantees 3% to 3.75% of 75% of the gross loan, full documentation, business must have at least 1 year of field returns. Borrower must have 1 year of direct experience for SBA financing eligibility, amortization 25 years for Tier 1, 10 years Tier 11, other amortizations available , DSCR 1.25x for the business and 1.0x global debt to income. WE now have the SBA loans for the COVID 19 up to $10,000,000.00
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SHORT TERM LOANSWith a short term loan we can get you funded up to $500,000.00 with a term from 4 - 18 months longer terms on a case by case basis. Need to be in business for 3 months no start ups. Our short term loans are for business owners that need funds for a urgent need but would like to pay the loan back in a short period of time and can not get approved at a local bank or credit union. The rates start at 15% + not like the traditional bank loans with lower rates being that the loans are considered to be high risk. 4 hour full underwriting approvals & 24 - 48 hour closings from contract signing aggressive underwriting with 2nd, 3rd, 4th, 5th, 6th,& 7th positions for good & bad credit along with customized solutions for difficult to approved merchants. Credit score can be as low as 500.
We have line of credit loans that can be based off of your personal credit and income with check writing ability reported as business credit with 0% APR for 12 months. Accounts receivable loans based on 100% of business revenue. |