EQUIPMENT LEASING
Lease equipment, instead of choosing to finance. With equipment leasing you receive more favorable terms than typical equipment financing programs, with even more benefits. Need to be in business 1 year or more. 580 or higher FICO score, 650 preferred for finance leasing. Down payment can be as little as first and last months payments.
EQUIPMENT SALE LEASEBACK
The equipment sale leaseback program gives you cash using your existing equipment as collateral. If you have valuable pieces of equipment you can use those as leverage to obtain equipment financing by borrowing against the equipment you already own. If you do have a piece or multiple pieces of valuable equipment you can then sell those to the lender and will then lease the equipment back to you. Startups can qualify. 580 or higher FICO score, 650 preferred for finance leasing.
BOOK OF BUSINESS FINANCING
Insurance agents can obtain low-interest, long-term financing using renewable commissions as collateral with book of business financing. This program is the best program available for insurance agents regarding approval requirements and approval terms, outside of conventional bank loans. You can be approved for a 3-10 year loan or credit line for your insurance business, even if you have average credit. All you truly need to qualify is a book-of-business of renewable commissions. You can even use the book-of-business for the insurance agency you are buying as collateral to get approved.
SBA 7(A) LOANS
Established businesses with tax returns that show good revenues and profitability can get very large sums of funding with secured Small Business Association 7(a) loans. You can be approved for secured government-backed SBA program loans from $250K up to $12,000,000. SBA 7(a) loans 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 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.
SBA’S 504C LOANS
SBA’s CDC/504 provides financing for major fixed assets such as equipment or real estate. You can obtain financing for such items as land purchase, purchase of improvements such as street improvements or parking lots, new construction of commercial property, even for long-term financing of machinery and equipment. Unlike with 7(a) loans, you cannot use the 504 program for working capital.
INVENTORY FINANCING
With Inventory Financing you can obtain a low-rate credit line using your current inventory as collateral. Secure a credit line for 50% of your current inventory value if your inventory is worth $500,000 or higher. You can be approved for a line with rates as low as 2-5% regardless of your personal credit quality. To qualify for Inventory Financing your business must have an existing inventory now that is valued over $500,000. The inventory might be of supplies, retail merchandise, materials used to produce your product, or other non-obsolescence inventory.
PRIVATE MONEY FINANCING
We work with thousands of lending sources nationwide and many of them are private investors who are seeking the right opportunity to invest in. If you have collateral, average credit, and positive tax returns, you can be approved with many private investors at very good loan terms. With private money sources you won’t be required to give up any percentage of ownership equity in your business. You retain full control and are still able to obtain private investor funding, even when your bank says no.
CROWD FUNDING
Crowd funding is where you obtain financing from a crowd platform. You can obtain funding even as a startup, and regardless of collateral, credit, or cash flow. One key in crowd funding is to find the right platform to post your project. This funding gathers money from a “crowd”, or a lot of people instead of one big investor. With crowd funding, the sky’s the limit on how much financing you can obtain. If the crowd likes your idea, they may decide to donate money to your project. In many cases, when people like what they see about the product or servicing you are looking for money for, they’ll pre-order and pay through crowd funding, giving you the funds you’ll need to get your project off the ground.
SIGN AND WRAP FINANCING
Commercial signage can be expensive. And so can vehicle wrap financing, where you basically turn your vehicle into a mobile billboard. There is special financing you can use for both of these that works similar to equipment financing. You can be approved even as a startup company with only a 620 FICO score. Loan amounts range from $1,500- $50,000 and terms reach as long as 12 months. Rates are usually less than 12%. Most types of commercial signs and vehicle wraps can qualify.
CONVENTIONAL CREDIT LINES
Some entrepreneurs would rather have a conventional credit line versus a loan. The reason for this is with a credit line, you only pay on what you have outstanding. So if you have a credit line for $100K, but only need $5,000 you can use that line for your $5,000 worth of purchases, and only pay on that amount you use. As you pay down the credit line balance, you can then re-use those funds again and again. Plus, you can take cash from the line from a debit card, but you can’t do with credit cards unless you’re willing to pay high cash advance fees.
House flipper financing
Get 100% of the financing you may need to purchase and rehabilitate residential properties. Lenders will loan up to 65% of after-repair value. You can usually get a 6 month term, or get an extension if you need one. Rates range from 8% and up. Guarantor must have a 660+ FICO score for approval. You will need to have cash on hand to put into an escrow account. Use the real property as collateral. Funds in a house reseller program are available for short-term residential purchase and renovation projects. Most traditional banks and credit unions will not approve, but we will. Authorized money is then held in escrow and released in draws as your contractors complete renovations.
COMMERCIAL REAL ESTATE FINANCING
If you are looking to purchase commercial real estate you may qualify for commercial real estate financing. With this type of loan, you can get financing especially to purchase commercial property. You can obtain a loan from $75,000 to 20Mi. using the property you’re purchasing as collateral. LTV 55-65% 2 years financials, tax returns, P&L, debt schedule. Business must have cash flow to make payments Rates are available under 8% or less, and can get approved with a FICO score credit of 650 and up. PG, pledged assets required. 4-5% interest. Purchase and refinancing.