Business Financing Options
Give us a call Toll Free at 1-877-211-6577 to discuss your specific situation and find out what options are available. Initial consultations are at no cost and there never is any obligation. You deserve to know your options.
Enterprise Business Finance (Commercial Bank Rate Business Project Funding)
If you can’t go to a bank and get the money you need for your business, then your option is Equity Funding.
There are two (2) ways to raise money for your business. You borrow money (debt financing) or exchange some ownership (stock) in your company for the money (equity financing). There are pros and cons to each. To fully explain Equity Funding, we will compare the two ways of raising capital.
The advantages of debt financing are that you maintain complete control of your business and the interest on that debt is tax deductible. The disadvantage of debt financing is that it creates problems when you rely too much on loans to operate and the revenue is not there to repay the loans. Also, too much debt will make it difficult to raise money in equity funding situations since investors will consider you high risk.
The advantages of equity financing is that you do not have to worry about repaying a loan; as long as your business makes a profit, the investors will be paid. Another advantage is that with the help of your investors, your business becomes more credible and may attract additional investors or investor networks. The disadvantage of equity financing is that you will not have complete control of your business and you will be responsible to others for how you run your business. If you take on too much equity funding, investors might assume that you are not willing to take a personal financial risk in your own business and then interpret that you lack faith in your own business venture.
Funding your business is a balancing act. Funding a business, especially a new business, is usually a combination of debt and equity financing, but a real funding plan must be developed in accordance with your business plan.We are experts in designing both business plans and funding plans. Give us a call Toll Free at 1-877-211-6577 to discuss your specific situation and find out what options are available. Initial consultations are at no cost and there never is any obligation. You deserve to know your options.
Are you a startup, existing business without financials, or just looking for some growth capital to take your business to the next level? We’ll give you the help you need, with a dedicated staff to assist with all your business and legal needs. We can begin work immediately and can typically help our clients achieve anywhere from $10,000 to $150,000 in unsecured business finance. Plus we can arrange for you a government backed SBA loan. SBA loans have low interest rates, easy monthly payments, require no collateral, and range from $5,000 to $25,000.
Totals of $10,000 to $150,000 in Business Credit Lines (unsecured)
The business requirements for Unsecured Business Finance loans are as follows:
New corporations are OK, DBA’s also accepted
If you already have a company, you need to have clean business history, with no judgments or unpaid loans in the company name
Business financials & history not required, but may increase results
At least one corporate officer must meet the following criteria:
710+ FICO credit score (800+ Vantage score)
No derogatory credit marks within 12 months
No judgments or collections in unpaid status
Absolutely No Bankruptcies
At least 3 established credit lines; 1 or more with $5,000+ limits
Limited credit inquiries. (12 in 1 year, no more than 4 per bureau)
Credit debt ratios under 50% total; no single credit line over 75%
The officer must maintain a clean profile through the program. This includes avoiding mortgage changes and additional car loans during the program.
Looking to buy an established business, grow your existing business, or take your business to the next level?
Established businesses with tax returns that show good cash flow can get extensive funding. If you have business tax returns, you should apply for this program. We can establish SBA loans for up to $5 Million, and draft check lines of credit that range from $20k to $250k each. All of these come with incredibly low interest rates and generous payback terms. Apply today – we can help!
Totals of $150,000 to $5,000,000 in Bank Lines of Credit or SBA Loans
Business MUST meet the following criteria for us to review:
Two or more years of business tax returns are required
Clean business history, with no judgments or unpaid loans
Annual gross revenues must exceed $350,000 on tax returns
At least one corporate officer must meet the following criteria:
680+ FICO credit score (700+ Vantage score)
No derogatory credit marks within 12 months
No judgments, or collections in unpaid status
No Bankruptcies in less than 5 years
The officer must maintain a clean credit and business profile throughout the entire program. This includes avoiding mortgage changes, new car loans, or any new derogatory credit during the program.
Banks will analyze your net profits from previous tax returns to determine how much funding you can afford in the future. We will help.
Timeline:
Initial Review: {1-2 Weeks}
We review your financials and create a proposal that is sent to specific banks that work best for you. These are soft inquiries – no credit pulls are done. After a positive response you sign our contracts and begin the actual funding process.
Enterprise Lines of Credit {1 to 2 months}: $20,000 to $250,000 each
Enterprise 504/7a SBA Loans {2 to 4 months}: $250,000 to $5,000,000
Rates:
Business Draft Credit Lines – Prime Rate +2-6%
SBA Loans – Prime Rate +2%
Business Credit Cards – 0 – 15% APR
Rates and offers may vary based on market changes, industry code, state of incorporation, credit profile, etc.
We are experts in designing both business plans and funding plans. Give us a call Toll Free at 1-877-211-6577 to discuss your specific situation and find out what options are available. Initial consultations are at no cost and there never is any obligation. You deserve to know your options.
