Small Business Loans
No Minimum FICO
Bad credit ? No problem!
Most of our top financing options have no minimum FICO
$10,000- $5 Million
SBA Loans
- Loan Amounts of $10,000 – $5 Million
- 10 – 25 Year Terms
- Funding in as little as 45 Days
Equipment Financing
- 580+ Minimum FICO
- No Min. time in business
- No min. Monthly Gross sales
- Bad credit no problem
You can qualify for our top financing options as a startup. No Minimum Monthly Sales No minimum revenue is needed to qualify for startup financing options. 650 + FICO There is a minimum 650+ FICO score required to apply for startup financing.
Business Term Loan
Similar to traditional bank style financing. A Term Loan is a set amount that a borrower pays back at a fixed amount. The common uses for these types of loans are business expansion, working capital and equipment purchases.
Benefits
– TraditionalAPR
– No Prepayment penalties
– Rates starting at 7.99%
– Funding: 1- 3 days
Qualifications
– 2 years time in business
– No bank liens or foreclosures in the last 3 years
– 660+ FICO
– Loan Amounts: $25,000 – $2 Million
–Terms: 1 – 5 years
Unsecured Working Capital
Unsecured working capital isn’t technically a loan, but rather a cash advance that is paid back by withdrawing a percentage of your credit sales, typically on a daily basis.
Benefits
– Fully customizable based on business need
– No compounding interest
– Funds can be used for any use
– Pay-back based on the sales of the business
Qualifications
– 3 months in business
– $60,000 in annual gross sales
– No minimum FICO
– Loan Amounts: $10,000 – $5 Million.
-Terms: Flexible Terms
-Funding: Same Day
Business Line of Credit
A business line of credit provides flexibility for the business owner. Rather than a fixed amount issued at one time, funds can be accessed as needs arise. Funds are made available again, as the balance is paid down.
Benefits
– Only pay interest on the funds drawn Credit available as needed
– Draw as many time as you need
– Fast approvals
Qualifications
– 6 Months in Business
– $60,000 in annual gross sales
– No minimum FICO
– LOAN AMOUNTS: $10,000 – $1 Million
–TERMS: 6 Months – 10 Years
–FUNDING: 1 – 3 Days
Accounts Receivable Financing
Accounts receivable financing is when a company will sell or finance off their outstanding invoices for working capital. It can either be in the form of selling the asset to the lender or using the accounts receivable (invoices) as collateral for the loan.
*Special Program available to doctors and medical professionals based on insurance receivables.
Benefits
– Typically lower interest rates
– Doesn’t require other collatera
– Ability to factor new AR as they become available
–Saves time for collecting your receivables Opens up cashflow
Qualifications
– No minimum FICO score
– Aging report required
– $500,000 annual gross sales
– LOAN AMOUNTS: $10,000 – $5 Million
–TERMS: 6 Months – 10 Years
–FUNDING: 1 – 5 Days
Equipment Financing
Businesses utilize equipment financing to purchase business-related equipment. Obtaining these assets can be through equipment leasing or equipment financing, which doesn’t require businesses to pay out of pocket large amounts of cash. Ultimately freeing up working capital within the business. Equipment Financing is based on the value of equipment and the business’s affordability.
Benefits
– Monthly payments Multi-year
– Longer terms
– Low or NO down payment Tax benefits (section179)
Qualifications
– No minimum time in business
– 580+ FICO score
– No minimum in annual gross revenue
– Loan Amounts: $10,000 – $5 Million
–Terms: 1 – 5 Years
–Funding: 1 – 5 Days