OTHER PRODUCTS
Our extensive network and partnership programs allows us to provide your business with the best financial solutions.
PERSONAL CASH LINE OF CREDIT
Gain Access to funding as you need it with a personal revolving cash line of credit. Receive $10,000 to $50,000 in funding to use when needed.
Minimum Qualifications to apply are 680+ Fico, 40K in personal gross income, low debt to credit ratio.
BUSINESS TERM LOAN
A small business loan with a fixed rate and repayment period designed to make your company grow.
Minimum Qualifications to apply are 650+ Fico, 2 years in business, average of $15,000 in monthly revenue.
BUSINESS LINE OF CREDIT
Getting a business loan in the form of a line of credit gives you control of your working capital. Draw as little or as much as you want from your revolving line of credit and only pay interest on the amount you borrow.
Minimum Qualifications to apply are 650+ Fico, 2 years in business, average $15,000 in monthly revenue.
INVOICE FACTORING
A/R FINANCING
Your business delivers goods to the end customer and upon receipt, the customer issues an invoice. In-order to create liquidity to pay vendors and manage working capital needs, you can sell your invoice or receivable to us for a discounted fee to access immediate liquidity.
How does it work?
Submit a valid invoice, and upon verification we can advance up to 95% of the invoice to you. Upon payment from your customer, we will net our discount fees and immediately wire you the balance. You can choose which invoices you want to factor or elect to get a revolving line of credit against your entire receivable pool. Our terms are flexible and the risk of collecting the receivable from your customer falls on us.
How much does it cost?
The cost varies for each transaction. The monthly percentage is based
on:
• The creditworthiness of the account debtor
• History of payments with account debtor (do they force discounts for late shipments)
• Consignment and performance standards in contract with account debtor
How long does it take?
From the time you submit the application and due diligence materials, it
takes approximately a week to underwrite and another week or two to complete the account debtor notification process. We have funded transactions in as quickly as 14 business days
INVENTORY FINANCING
If you are looking for a line of credit and are sitting on significant equipment or inventory, youcan leverage those assets by securing an inventory line. Proceeds can be used for acquisition, unexpected expenses or for general working capital needs.
How does it work?
We will evaluate the liquidation value of the equipment/inventory and
assign a value. You can elect to draw down on the line at will and only pay interest costs
monthly, like a home equity line of credit. We will advance either the lower of cost or the Net Orderly Liquidation Value.
How much does it cost?
As with all asset-based lending, the cost varies for each transaction. The monthly percentage is based on:
• How liquid the inventory is (liquidation value)
• Where its located (centrally vs spread out)
• Whether or not its perishable, or fad related
How long does it take?
From the time you submit the application and due diligence materials, it
takes approximately a week to underwrite, after which an appraiser is sent to value inventory. To close the process takes approximately 3-4 weeks.