Funding Criteria

Underwriting / Merchant Qualifications

SMALL BUSINESS ALTERNATIVE  FINANCING &

FUNDING OPTIONS

Small Business Micro Loans and other Alternative Financing & Funding options for all Businesses

Growing your business is our business ^sm

We have a multitude of alternative lending programs for all business types.  We offer unsecured and secured business lines of credit, restaurant & QSR financing, bar financing, , merchant cash advance, hard money loans, micro loans, venture capital programs, collateralized & uncollateralized asset based loans, SBA 7 (a) programs, corporate credit cards and new business credit cards.  We can assist cash & check only businesses as well as those that have multiple sources of revenue.

Credit Card Accepting Businesses:

Requirements:

• An average of at least $4,500 in monthly Credit Card sales
• At least four months of Credit Card statements to review
• In business at least 6 months
• No current bankruptcies
• Current on your rent/mortgage payments
• Troubled Business or Personal Credit histories are NOT an automatic disqualifier

Payback is based on either a percentage of Credit Card sales or a fixed payment method. The option is the business owner's.

Cash & Check Only Businesses: 

Requirements:

• An Average of at least $15,000 in monthly Sales
• At least six months of Bank statements for review
• No existing bankruptcies
• Current on your rent/mortgage payments
• Troubled Business or Personal Credit histories are NOT an automatic disqualifier

Payback is based on a fixed payment method. Daily, Weekly, Bi-weekly or monthly payment options are available.

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MEDIUM SIZED BUSINESS FUNDING

We offer Full Service Factoring on your Receivable Contracts: 

• P.O. Finance
• Letters of Credit 
• Trade Finance 

Cash and Check only businesses are accepted.

      Loan Amount:   $10,000-$200,000

Factor Rate:  6% to 28%

Payback Method:  Fixed daily Payment from bank account OR Percentage of credit cards

Paperwork Required:

Last 6 Months of Bank Statements

Copy of Driver’s License for each principal

Copy of lease or mortgage payment (if applicable)

Business License

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LARGE SIZED BUSINESS FUNDING *Minimum Loan size is $150,000

Program for Large Businesses: Manufacturing, Wholesale, Gas stations, Services, Retail Chain Store, Restaurants and All Business Type Loans Approved. 

Cash and Check only businesses are accepted.

Loan Amount:  $150,000 to $3,000,000

Cost: 1%-2% per month

Payback method: Fixed daily Payment from bank account OR Percentage of credit card sales (3%-15%)

Paperwork Required:

·         Application
·         Last 12 Months of processing statements
·         Last 3 months of bank statements
·         Last year’s Corporate Tax Return
·         Last Year’s Personal Tax Return
·         Most recent year-end Financial Statement (Balance Sheet/P & L)
·         Principal’s Current Personal Financial Statement (if possible)
·         Copy of Driver’s License for each principal
·         Current on your rent/mortgage payments.

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NEW RESTAURANT & BAR FINANCING PROGRAMS

*up to $500,000 per location*

Alternative Restaurant Financing & Restaurant Loans

PARAMETERS:
a.    Must be new restaurant, preferably under construction

b.    Liquor license, full service or, family style or fast food
c.    Prior restaurant experience a positive but we will consider new restaurants that the owners of which do not have prior experience
d.    Major metropolitan areas required
e.    Factor Rate = 1.399

NOTE:  Full service restaurants that have liquor licenses are the target market for this product but there are exceptions to this rule—they are:

1.    Family style restaurant
2.    Franchise restaurants
3.    Fast food (Quick Service Restaurants—QSR)

Please call to speak with a Financing Consultant (888) 310-3110.

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NEW FAST CASH PROGRAM *GUARANTEED APROVALS*

*up to $7,500 NO CREDIT CHECK

DECLINED ELSEWHERE? HERE YOU'RE AUTO-APPROVED!

 
REQUIREMENTS:
Process at least $4,500 Average per month in Credit Cards
Have no open cash advances
Not  more than 1 month behind in rent
Minimum 15 batches per month

WHY CHOOSE FAST CASH?
NO Credit Check
NO Application Fees
NO Collateral
NO Hassles
Funding in 48 Hours. REALLY!

There are Six FAST CASH Options Available:
        
Funding    Payback   Retrieval  Monthly Required Average CC  

$2,500     $3,700        30%          $4,500  - $10,000
$3,500     $5,180        30%          $10,001 - $15,000
$4,500     $6,660        30%          $15,001 - $20,000
$5,500     $8,140        30%          $20,001 - $35,000
$6,500     $9,620        30%          $35,001 - $50,000
$7,500     $11,100      30%          $50,000 +

Please call to speak with a Business Financial Consultant (888) 310-3110.

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