3.) TRADITIONAL FINANCING - DIRECT LENDER:
TERM LOANS:
Term loans from 1-5 years (initially typically run 2 - 3 years). Interest rates from 5% up to 20%. Requires 660 FICO. Need to have been in business for 2+ years. S Corp, C Corp or LLC only. Can be Sole Proprietor if you've filed for a Corporation or LLC and have bank account. Need to show $150,000 in GROSS revenue on your last tax return.
Minimum loan amount of $50,000. Can get up to 30% of annual GROSS revenue. Loan is renewable every 6 months. Loan payments are monthly.
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Application and Business Debt Form required, signed and dated.
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Last four months of business banking statements.
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2 years of business tax returns.
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1 year personal tax return.
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Year to Date P & L and balance sheet.
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4 months merchant card statements.
REVENUE BASED LOANS:
Revenue based loans are solely reliant on 4 months of bank statements. They don't require personal guarantee and your personal FICO doesn't matter. Payments are withdrawn daily, 5 days a week. Term ranges from 4 months to 18 months. Need $7,500 in monthly deposits - minimum.
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4 months merchant processing statements.
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Last six months of business banking statements.
LOW CREDIT LOANS:
$10K-$2MM with credit as low as 400. All that's needed is to fill out the application and provide 4-6 month's of banking and merchant account statements.
HYBRID LOANS:
Hybrid loans have factor rates of approximately 20% to 30% and terms ranging from 12-24 months. Businesses are eligible for up to 20% of annual gross annual revenue. Hybrid loans require a Sole Proprietorship, Corporation or LLC in business for more than one year, an Experian Fico score of 580 or higher, most current four months of business banking statements, one-year business tax return, and most current four months of merchant credit card statements, if applicable.
SBA 7A PROGRAM:
Rates from 3.5% up to 7.25% 10-year term. $30,000 up to $350,000 Under $150,000 600 Fico, over $150,000 650 Fico.
Veterans who own their own business - Term Loan 600 Fico term 1 - 4 years, Rates 10% up to 19% 1+ years in business. Revenue $3,000 up to $150,000.
DEBT CONSOLIDATION:
Can consolidate all working capital loans with a total to $100,000 and lower payments.
Equipment financing loans for Trucks, Trailers or any other equipment. We need an invoice or buy sheet and a loan application. A, B, C and D paper borrowers accepted.
All forms of funding and finance:
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ACCESS TO HEDGE FUND MONIES
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100% FINANCING: NATIONAL/INTERNATIONAL MAJOR CONSTRUCTION PROJECT LOANS
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Accounts Receivables Factoring (recourse & non-recourse)
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Equipment Lease Financing; New and Used (sale or lease-back)
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Interim Financing
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International Financing; Import / Export (Letters of Credit)
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Purchase Order Financing
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Unsecured Loans
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Warehouse Loans
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Working Capital Loans
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Franchise Funding, SBA Loans and more
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Credit Card Receivables Financing: Credit Card Receivable Financing is a short term business loan based on your past Visa and MasterCard sales – NOT YOUR PERSONAL CREDIT. This is not a "Merchant Cash Advance", which I DON’T recommend. It’s an actual business loan. You can qualify for a loan up to 150% of your average monthly sales volume. These business loans are typically 50% to 80% LESS than a Merchant Cash Advance. (However, proper corporate credit establishment and implementation n is my ultimate recommendation as the alternative to all other forms of funding.)
Additional Option:
If you have a 680 credit score my source can provide you with an unsecured loan of $100,000 to $300,000 (in two rounds of funding) at 0% interest for the first 12 months, as long as you meet the requirements. I can have an answer to you within an hour (during business hours). The underwriting company is A+ rated with the BBB and has funded over $500 million in loans since 2008.
If your credit needs restoration, I'm an Affiliate of one of the nation's few Federally Licensed Law Firms who utilize Consumer Law and Identity Theft Law to enforce Maximally Accurate Credit Reporting by Law, which run-of-the-mill "credit repair" companies cannot exercise because they're not Federally Licensed Attorneys. This firm gets serious results in 30-120 days, based on how damaged one's credit is. They remove everything. Everything means everything. Based on our contract with the firm, our clients are able to utilize the laws to their advantage at a discounted flat rate of 70% versus hourly attorney's fees of $500/hr.
Once your credit is restored, I can facilitate amazing levels of corporate credit/business credit and/or personal credit for you.
Jennifer Seymour
Goldmine Business Consulting