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BUSINESS LOANS, from USD 50,000 to $10MM
UNSECURED (US Only)
$50,000 TO $1 Million - NO UPFRONT FEES
WHO QUALIFIES
- B2C & B2B firms that accept cash, credit cards, or checks for services or sale of merchandise.
FAST & EASY PROCESS
Our privately funded unsecured small business loans are a fast and easy alternative to government funding.
- 1 to 3 days, receive funds for your business
- 98% of loan requests are approved
APPROVAL: same or next day when your application and other required documents are received.
FUNDING: usually same day of your approval, your funds are wire transferred to your business bank account.
BUSINESS LOAN BENEFITS
- No collateral
- No fixed payments (unless requested)
- No coupons or checks to write
- No impact on a business owner's ability
to qualify for other financing
- No business use restrictions on the funding
- No hassles - quick application & fast funding
- Use the funds for any purpose
QUALIFYING CRITERIA
- in business: 6 months
- gross revenue: $25,000+ per month
- daily cash flows: minimum 10 days/month
- owner credit score: 500+
- storefront: in a commercial building and or online (not home-based businesses)
ELIGIBLE BUSINESS TYPES
1) B2B firms: suppliers, distributors, & manufacturers
2) Any business that has regular cash flows is considered:
Automotive repair shops Bars Bowling alleys Cannabis industry Caregiver facilities Clothing retail Computer stores Convenience stores Country stores Dentists Distributors Equipment & tool rental Florists Franchises | Furniture stores Grocery stores Hotels, motels, resorts Liquor stores Manufacturers Mattress retail stores Medical offices Restaurants Salons/spas Suppliers Transport companies Travel agencies Vehicle rental companies |
LOAN OVERVIEW
- loan type: term loan.
- loan amount: $50,000 to $1,000,000 (maximum loan 2x the three month average cash flow through business bank account)
- factor rate (not APR): see bottom of section*
- loan term: from 6 to 60 months
- prepayment penalty: none
- funding time: 1 to 3 business days
- payment plan: daily, weekly, monthly as a fixed percentage of your bank deposits, which provides you with a repayment structure that coincides with the cash flow of your business.
- payments only due: when business is making money. If, for example, your business had a fire and was shut down for 2 months, no payments are due and no interest accrues.
FOR LOAN APPROVAL
Please Provide: (email here)
1) Application for funding, completed/signed (request by email)
2) Last 3 months business credit card statements
3) Last 3 months business bank statements UNLESS business does NOT except credit cards, then 6 months bank statements are needed
4) Government issued photo ID
5) Voided business check
CANNABIS INDUSTRY BUSINESS
LOANS AND EQUITY FUNDING
- Distributors and Growers
- Edibles
- Fencing Companies
- Security Companies
- Money Transfer
- Greenhouse Companies
- Cannabis Medical
- Retail Dispensaries
- Seeds and Clones
Credit Card Processing available upon
request on a case-by-case basis.
SHORT TERM LOANS 6-12 month terms Finance Projects That Have an Immediate Return on Investment
| LONG TERM LOANS 15-60 month terms Fund Larger Projects That Pay Back Longer Term
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* FACTOR RATE
These types of business loans are based on a factor rate, not an APR (annual percentage rate). When you get the quote from the lender you decide if the loan terms make sense for your business situation.
A factor rate is determined by several factors, including:
-- How much you need to borrow
-- How quickly you need to receive financing
-- Your personal and business credit history
-- Your time in business and revenues
-- Whether your need for capital outweighs cost
From an approval perspective, business financing that uses a factor rate, is easier to qualify for. With this type of financing, your future invoices effectively serve as collateral to secure the loan. A low personal or business credit score or a shorter time in business may not necessarily be an obstacle to getting financing. Getting a more traditional business loan from a bank or through the U.S. SBA (Small Business Administration), on the other hand, will entail meeting more stringent credit, time in business requirements, and you will be required to provide 2 to 3 years of business tax returns depending on your loan size.
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SECURED (US or CA)
$1MM TO $10MM - NO UPFRONT FEES
WHO QUALIFIES
- B2B firms (i.e. suppliers, distributors, and manufacturers) in business 3 years.
- Annual gross revenues from USD 5MM to $50MM and consistent profitability
- Gross collateral (accounts receivable, inventory, machinery, and or equipment) of $1.5MM.
FAST & EASY PROCESS
Each business is evaluated on its own merit, not on a FICO score. These privately funded business loans have no cash controls and there is no contacting customers. Funding takes place within 2 weeks. For term loans, loan proceeds are wire transferred to your business bank account, and for line-of-credit loans, funds are available as you need them.
TERM LOAN
| LINE OF CREDIT
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LOAN DETAILS
- loan type: term loan or line-of-credit (interest only payments)
- loan amount: $1 million to $10 million
- interest rate: 12% to 20% per annum, simple interest
- loan term: 6 to 24 months
- funding time: usually 2 weeks
- payment plan: monthly
FOR LOAN APPROVAL
Please Provide: (email here)
1) Accounts Receivable Aging Report
2) Accounts Payable Report
3) 2017, 2018 Financial Statements
4) Year-to-Date Financial Statements
5) Last 6 Months Bank Statements
6) Last Tax Return