In this 2008, "fiscally strapped economy," more and more business owners are seeking new sources of funding for their businesses. With financial institutions tightening their belts through increasingly stringent lending guidelines, many previously viable loan options are either limited or no longer available. What is one to do? After all, without available loan options and the infusion of new funds, a business loses the ability to acquire working capital, expand its business, eliminate debt, or meet the financial needs of operating a business.
No problem; we have the answer!
Designed for corporations that have existed for 2 years or more. We understand the needs of business owners and are committed to making the financing process as simple as possible.
Type of Product: Unsecured, fixed or variable rate loan and/or revolving line of credit,accessed by credit card and/or personalized checks.
Time in Business: 2 Years+
Guarantor: Personal
credit of Owner(s)
Credit Requirements: Personal Credit Score of 700+ with all credit bureaus; No history of late payments or other derogatory items.
Debt to Income Ratio = 40%.
Sales Qualifications: No minimum annual sales for amounts under $100,000. For greater amounts, annual sales minimum may apply.
Funding Time: Within 25-35 business daysceived.
Funding Range: $150,000 to $500,000
Documentation: Limited. Requested over $100,000 may require financials.
Rates & Terms: Competitive Rates: From Prime + 3% to Prime + 4%
Terms: Revolving
Due Diligence Fee: $500 - This fee will be credited toward the 10% fee after funding.
Consulting Fee: 10% of funded amount to Funding Source and 5% of funded
amount to Broker. If not funded, no consulting fee is due.
If you meet the qualifying criteria, you can apply for a Corporate line of Credit and access up to $500,000.
