Min 100k- No cap (Business Financing)
SBA, Banked Back Term Loans, MCAs, Revolving LOC, Asset Based Lending, Equipment Financing, Pre-Revenue Financing (only credit scores higher than 700), and Collateralized Programs
Requirements (W No Collateral):
3 months time in business
Minimum of $15,000 Monthly Gross Sales
500+ credit score, $20,000+/month, less than 7 negative days a month.
No max funding amount, our minimum is $5,000. Up to 5 year terms. Fund up to 6 positions.
Positions: 1st, 2nd to 6th positions
Type of deals: ACH, Term Loans, MCAs, Revolving LOC, Asset Based Lending, Equipment Financing, and Collateralized Programs
Payments: Daily, weekly, Monthly
Restrictions: Open Bankruptcy, Unpaid tax liens, more than 7 NSFs in a month
Early payoff discount: 1-90 days
Renewals: 40%-70% paid down
Preferred industries: Restaurants, Medical, Wholesalers, Manufacturing, businesses with ongoing contracts, Retail, Rental real estate, Trucking (with 3 or more trucks), Construction
Restricted industries: Attorneys, Bail bonds, Check cashing, Auto sales and Gas stations