Asset-backed Lending
Description: Use your commercial assets as collateral and receive a term loan, with both interest-only or fully amortized monthly payment options.
Qualification: Commercial assets are better, although we can secure a personal asset.
Requirements: Proof of ownership and debt schedule for the relevant asset. Most recent business and personal tax return.
Term Loan
Description: Receive up to $500,000 over 8 years at 6-18% APR with fully amortized monthly payments and 100% interest forgiveness. The turnaround time is 1 week.
Qualifications: 2 years tib, 680 credit score, US citizen, no previous bankruptcies, must be able to show cash flow positivity.
Requirements: 2 years of business tax returns, two years of personal tax returns, six months of bank statements, description of use of funds.
SBA 7A
Description: Receive up to $5,000,000 over 10 years at 11% APR with fully amortized monthly payments and 100% interest forgiveness. The turnaround time is 60-90 days.
Qualifications: 2 years tib, 680 credit score, US citizen, no previous bankruptcies, must be able to show cash flow positivity.
Requirements: 2 years of business tax returns, one year of personal tax return, debt schedule, YTD Profit and Loss Statement and Balance Sheet on cash basis, description of use of funds.
ERTC Financing
Description: Finance up to 80% of your pending Employee Retention Tax Credit with an interest only payment and a balloon payment when the credit is received.
Qualifications: Proof of qualification for the ERTC.
Requirements: Original 941s, Amended 941s, Proof of qualification, Calculation of credit, Mail receipts to show the IRS received the 941-Xs.