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.
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Leasing enables your clients to replace outdated equipment with up to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.
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’.
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.
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.
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’.
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| Lending Programs |