Our business loans offer the predictability of a fixed repayment structure. Merchant Cash Advance Financing is based on the business’s annual gross sales and cash flow. Our business loans program is geared for people with past credit issues.
We have business loans regardless of your prior credit problems. Even if you have had a prior bankruptcy we get get you funding for your business. If you have been in business at least 6 months and have total monthly revenue of at least $5,000 we can help.
|Cash Advance Program||Standard Business Loan Program||Bank Only Loan Program|
|Time In Business||4 Months||1 Year||1 Year|
|Profile||Merchants accepting CC Payments on a regular basis||Merchants accepting credit cards on a regular basis||Merchants that don't accept cc's or accept a limited amount of cc's|
|CC Processing||$5,000/month with at least 15 batches||CC processing required||CC processing not required|
|Bank Statements||2 complete bank statements for full submission||3 complete bank statements for full submission||3 most recent bank statements for full submission|
|Tax Returns||100k advances require tax return cover sheet||Tax return cover sheet for full submission||Tax return cover required for full submission|
|Bankruptcy||Bankruptcy discharged for 1 year||Bankruptcy discharged for 1 year||Bankruptcy discharged for 1 year|
|Third Party Payoffs||Merchant required to net at least 70% of advance||Merchant required to net at least 80% of loan||Merchant required to net at least 80 % of loan|
|Personal Credit||No minimum fico requirement||No minimum fico requirement||No minimum fico requirement|
|Required*||Complete app& signed auth w/CC Info listed above||Complete app& signed auth w/CC processing info listed above||Complete app& signed auth w/CC processing info listed above and 3 months bank statements|