9802 Baymeadows Rd Ste#105
Jacksonville, FL 92056
ph: 847-401-0701
nwoods
Lines of Credit and Business Loans
Typical requirements are to have 2 years in business with personal credit of 680 or higher. A personal guarantee will be required. The amount of the financing will not exceed 10% of gross revenues, as shown on the last tax return filed.
Sale/leaseback Program
This program is utilized when a company has existing free and clear equipment that can be used as collateral to secure funding. All types of equipment can be utilized and the financing amount is based on 70%-90% of the equipment cost. “Yellow Iron” is 50%-65% of the equipment value.
Receivable Factoring
Factoring allows the client to sell their accounts receivables for cash, versus waiting 30-60 days to be paid by their customer. Factoring will
get the client the capital they need to improve their cash flow and utilize funds for things such as: covering payroll, cash to fuel growth or
take on new jobs. Normally 60%-85% is advanced against the invoices generated and the remaining (minus fees) would be forwarded once the invoices are paid.
Client must be in business 6 months and have at least 15K in receivables. Financing is based on the total amount of invoices. This process typically takes 3-10 days from the time we receive the application.
Cash Advance Program
This program utilizes a company’s credit card receivables to secure financing. Any company with a credit card merchant account for 6 months can qualify. This program allows for the purchasing of
inventory, advertising, equipment, working capital, renovations and more.
Must be in business at least 6 months and credit is not an issue. Financing is determined by the company’s monthly MasterCard/Visa Sales. The company must have at least $4,000 in monthly credit card receivables.
Purchase Order/Contract Financing
This program provides the ability to utilize on existing Purchase Order (PO) or Contract and receive financing for Direct Labor Inventory, Raw
Materials, Work-in-Process, Finished Goods, Direct Overhead, Buy-Outs-Components Parts and Sub Assemblies. PO’s can be with companies
outside of the US. Providing necessary funds to fulfill the Purchase Order or Contract. Minimum Transaction size is typically $250k and can be based on a continuous PO with a client over an extended period of time.
Real Estate Financing
Our Network of Lenders to assist borrowers by providing funding sources for all types of real estate throughout the United States. Loan sizes
range from $100,000 to No-Limit.
Our Network of Lenders are often utilized when: ‘time is essential’, ‘the projects or property does not meet the criteria of conventional lenders’, ‘bad credit’, ‘bankruptcies’, ‘judgments’, ‘foreclosures’ or ‘IRS problems’.
New Equipment Leasing
Leasing enables your clients to replace outdated equipment with up to 100% financing, including installation costs. Leasing offers the use of an asset (equipment), without the large down payment associated with ownership.
Copyright 2010 NobleCo Inc. All rights reserved.
9802 Baymeadows Rd Ste#105
Jacksonville, FL 92056
ph: 847-401-0701
nwoods