Traditional Business Term Loan
Term loans are issued with amortized repayment plans extending beyond one year and as long as five years. These loans normally come with fixed interest rates and monthly payments.
No DAILY Payments!
Terms: 1-5 Years
Funding Size: $100k – $2M
Minimum Annual Revenue: $500k
Minimum Time in Business: Two Years
This lending platform is ideal for any business with over 2 years of profitability and with owner FICO credit profiles exceeding 650.
We request the following documents in advance, so we can properly evaluate theÂ opportunity:
– Brief Executive Summary – describing the company, principles and planned use of funds
– 2016 and 2017 Business Tax Returns
– 2017 Personal Tax Return
– 2018 Interim Financials (Balance Sheet and P&L)
– Six Months of Business Bank Statements
– Debt schedule (A complete breakdown of business debts)
– Real Estate Schedule (A list of owned property)
Armed with the information above, we can provide you numbers and expectations within 48 hours!
– A 20 minute interview is scheduled with you to determine if it makes sense to move forward
– Offer is made describing the proposed terms of the funding and includes a list of due diligence items to get funded
– Once everything is received, funding typically can take place within 7 business days