Business credit and financing regardless of personal credit
The Business Finance Suite and Funding Advisor program (with Personal Business coaching and a $50,000 Business Credit Guarantee) includes all the following benefits regarding getting the necessary funding for your business:
401k Financing offers a powerful and flexible way for new/existing businesses or franchises to leverage assets that are currently in a 401k plan or IRA.
In as little as 3 weeks, our clients can invest a portion of their retirement funds (from a 401K or IRA) in their business, giving them more control over the performance of their retirement plan assets and the working capital they need for business growth.
Our clients can be approved for financing as much as 100% of what is in their 401k or IRA. And, there is no penalty for withdrawal. This is a great funding option for anyone with an existing 401k or IRA who want to use those funds to start or grow a business.
Account Receivable financing is great for any business that has outstanding account receivables that they would like to be quickly converted into cash.
Many businesses wait weeks, even months to get paid on their outstanding account receivables. This typically creates major cash-flow issues as they provide their goods and services and absorb those costs until they eventually get paid sometimes 90 days later.
With our Account Receivable Financing, our clients can regularly secure money against their receivables in as little as 24 hours. Once approved, our clients can then receive funding up to 80% of their existing receivables. Medical and construction receivables can also qualify for this financing program with us.
This program is a great option for any business who has outstanding receivables. Our clients can obtain funding borrowing against their existing receivables and receive money within 24 hours versus waiting months to get paid. This can significantly ease their cash flow restraints and build an even more profitable business.
Business Revenue Lending is a program offered that will lend our clients money based on if they have consistent business revenue at this point in time. They might qualify for this program even if they have personal credit challenges.
Approval amounts range from $5,000-150,000 based on the amount of current revenue their business reflects on their business bank statements. Loan terms are typically between 6-18 months; and to pay back the loan, they will collect a portion of our clients’ future revenue until the loan is paid back in its entirety. This is a nice benefit as if our clients’ revenue drops in a month, so will their repayment obligation.
This is an exceptional funding program for any business that has consistent revenue each month, even if they don’t have financials to supply. All that is reviewed for approval is their bank statements and sometimes their merchant statements. So if those statements are solid, they stand a great chance of being approved. It can also only take as little as two weeks to close and secure the money.
Commercial real estate financing ranging from $75,000-20,000,000 is available to our clients. This financing can be used for the purchase of property, or the refinancing of a property, even if they’re doing a cash-out refinance.
Funding programs available including conventional property financing, money for investment properties, hard money loans, bridge loans, loans for the purchase of commercial real estate, as well as SBA loans. Loan-to-values range from 55-65% depending on the purpose of the loan.
Our clients can acquire funding for offices, industrial, offices- general or medical/ dental, industrial facilities, light manufacturing buildings, mixed use properties, commercial condos, auto dealerships, light auto services, day cares, assisted living facilities, entertainment venues, multi-family properties, retail warehouses and even self-storage facilities.
Commercial signage can be pricey for a business owner. Even with the high cost, this is something most storefront businesses can’t do without.
Financing is available for our clients for all types of commercial signage, including Monument, Pylon, Pole, Neon, and Channel Letter Signs.
Commercial signage financing offers approvals range from $1,500 to $50,000 to business owners who want to purchase commercial signs. Our clients can get approved, gain exposure, and enjoy their new competitive edge.
A recent Gallup survey found that 80% of U.S. businesses lease a portion of their equipment. The list of companies using leasing ranges from the Fortune 500 to the family store.
Equipment financing and leasing programs are available for startup and existing businesses. This type of funding is good for business owners who want to borrow money to get equipment, or for owners who want to borrow against existing equipment they already own.
Clients can use this financing to leverage existing equipment they already own to qualify for funding. Many other business owners use this type of funding to lease equipment and gain tax advantages without using out-of-pocket money to purchase that equipment.
When purchasing equipment our lease program will actually pay their equipment vendor 50% of the purchase price upfront so they are motivated to move quickly for your clients. And your clients can obtain equipment financing from us as high as $2,000,000.
We offer many types of equipment financing including equipment Pronto Leasing, standard leasing, municipal leasing for state and local governments, equipment financing and heavy equipment financing. Equipment financing is great a business that wants to purchase or lease new equipment for their business.
Rehab loans are tailored for the real estate investor who wants to make repairs before selling the property. Our clients can enjoy a quick closing and high loan-to-values with our rehabilitation loans.
Using the property as collateral, funds are available for short-term residential renovation projects that most traditional banks and credit unions won’t approve. Authorized monies will be held in escrow and released in draws as their contractors complete renovations.
Our clients can secure up financing up to 65% of the after-repaired-value. There is no prepayment penalty, our clients can secure 6 month loan terms, and most residential one to four family units that are non-owner-occupied will qualify.
Small apartments and condo conversions allowed by exception and this loan must take first mortgage position. Your clients can obtain loans starting from $25,000 or more. This is an outstanding program for any real estate investor looking to purchase and rehab properties.
With this financing, our clients can borrow against their existing inventory and qualify for business financing.
Our Inventory Financing program is for clients who have over $300,000 or more in existing inventory. The inventory is used as collateral, and their approval amount is typically equivalent to 50% of their existing inventory, with loan amounts starting as low as $150,000.
This type of financing is perfect for business owners who have a large inventory and are looking for funding for their business. Inventory Financing offers a great way to secure money for their business turning their inventory into cash flow.
These funding vehicles are for businesses who accept credit cards. This is a great funding program for clients if they have good credit card procession volume every month.
If our clients accept credit cards and have sales over $5,000 monthly, they may be a great candidate for merchant advances and card credit. With Merchant Advances lenders review their merchant processing history to determine approval. This program offers approvals as high as $250,000. Their approval amount will vary based on the amount of credit card sales our clients typically process in a month.
The lender will see how much they process each month in credit cards, will then determine the time frame they want paid back, and will then give them an offer of what percentage they will collect on their future credit card sales until they are paid back. This is not based on a standard interest rate like normal bank loans, instead our clients pay a set fee based on the risk of the transaction.
Startup and existing businesses can qualify for up to $150,000 through our Unsecured Business Finance program.
This is one of our most popular programs as no business financials are required for qualification. The lenders will not ask for financials, bank statements, business plans, resumes, or any other of the documents so commonly requested with conventional bank funding. This program is as close to a ‘no-doc’ program as your clients can get with business funding.
Approvals come in increments of $10,000, and our clients can secure up to $150,000 in total funding using these unsecured credit cards. Most unsecured cards in this program offer very low initial intro interest rates, as low as 0% for the first 6 months. Rates typically range from 5-15% after that based on risk.
This program is designed to help our clients get funding based on their personal credit only. Our unsecured accounts report to the business credit reporting agencies to get your clients the money they need, and help build your business credit profile and score. Plus, these accounts have no effect on our client’s credit utilization, helping keep their consumer credit scores high.
Wrapping a vehicle with their business information turns their vehicle into a rolling billboard.
This is the reason so many business owners are using wrapping as a main form of advertising their business. However, vehicle wrapping can be pricey so many business owners miss out due to the cost. So, we offer financing so our clients can obtain a graphic wrap for their vehicles. They can get approved even if they are a new business, and can even secure multiple wraps for different vehicles.
Loan amounts range from $1,500 to $15,000 and our clients can finance their wrap, and pay for it as their vehicle is on the road advertising their business and helping to bring in revenue. This is a great funding program to help anyone wanting to wrap a vehicle to be able to do so without tying up other precious business capital.
Purchase Order Financing is a short-term option that provides capital to pay our clients suppliers upfront so their company doesn’t have to deplete cash reserves.
Our areas of expertise include production finance for work in process and Letters of Credit for trade finance. This can include import and export transactions, as well as domestic trade purchases. Purchase Order financing allows companies to grow without increased bank debt or selling equity. It also helps your clients Increase market share by ensuring timely deliveries are made to their customers.
Many businesses use their working capital to fulfill purchase orders, which creates major cash-flow issues. With PO financing, our clients can be approved even if they are a brand new startup business. Once approved, our clients can then receive funding up to 95% of their existing purchase orders. This program is amazing for anyone who has outstanding purchase orders. Our clients can obtain funding borrowing against their purchase orders and receive money quickly, helping significantly ease their cash-flow restraints.
Established businesses with tax returns that show good revenues and profitability can get very large sums of funding with Secured Small Business Loans.
If our clients have business tax returns, they can apply for secured government-backed SBA program loans from $250K up to $12M. SBA offers several programs including 504 and 7a loan programs. SBA programs can be used for many purposes including purchasing a new business, partner buy outs, real estate acquisition, and even working capital.
SBA will require certain documentation to qualify for these loans, including business and personal financials, resume and background information, personal and business credit reports, a business plan, bank statements, collateral, and other documentation relevant to the transaction.
This funding program was developed to provide lines of credit leveraging securities portfolios to a higher loan to value than a standard margin loan.
Our clients can take advantage of the lowest possible interest rates and retain the security of maintaining full ownership of their securities. Their new credit line can then be used for most any legal purpose, other than the purchase of additional marginable securities. If our clients have securities they would like to use as leverage to obtain business funding, or if they are looking for one of the lowest interest rate lines-of-credit available today, this is an outstanding funding program for them.
Unlike conventional financing, the application and underwriting process is straightforward and quick. Our clients will received a revolving line-of-credit and pay low interest only on what our clients use on their credit line. There is no prepayment penalty, and our clients receive 100% of their portfolio appreciation. Our clients will have a choice of floating or fixed rates and your clients can lock in their rate at any time.
Established businesses with tax returns that show good revenues can get very large sums of unsecured funding with our Unsecured Business Lines of Credit.
This is an amazing program for any business that shows good net profit on their tax returns, and wants a high-limit open line-of-credit. This program features unsecured draft check lines of credit ranging from $50,000 to $250,000 each, and this line of credit comes with incredibly low interest rates and generous payback terms.
Most lenders will report their account to the business credit reporting agencies helping them build their business credit. Approval amounts will vary based on the revenue that is reflected on their business tax returns. They can then use, and reuse their credit lines paying a small payment only on the balance they owe.
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