Non-SBA loans are term loans meant to be repaid in a shorter amount of time than the 10-year term of a typical SBA loan. This type of loan can be a great way to get the funds you need to successfully grow or maintain your business until you are ready for an SBA loan.

Non-SBA loans through its bank partners for working capital, debt refinance and new equipment purchase:

• 1. $30,000 to $350,000 loan amounts
• 2. 2 – 5 year repayment terms
• 3. Fixed interest rate from 7.99%*
• 4. Monthly repayments
• 5. No pre-payment penalties
• 6. Business owners must have personal credit scores above 645.
• 7. Must show positive cash flow to support loan payments.
• 8. No bankruptcies in the last 3 years.
• 9. No foreclosures in the last 3 years.
• 10. No outstanding tax liens.

* Interest rate depends on loan term and the applicant’s credit and financial profile.

An alternative business loan is a short-term loan program based on the total gross monthly sales volume as shown on your business’ bank statement deposits. It does not require the collateralization of your assets. While a personal guarantee is needed from some 200 of our lending partners, a validity guarantee is needed from others. A validity guarantee states the information submitted on a borrowing base certificate or factored invoices is true and accurate. It holds the signer liable in the case of fraud or misrepresentation, but doesn’t hold the signer liable for other types of losses. You do not have to switch bank accounts to qualify and all credits are considered. This is a short term financing solution for small to medium sized businesses and is not affiliated directly with a bank.

• 1. Financing of up to 11% of the gross yearly sales.
• 2. Fixed daily payments / direct ACH (Monday-Friday)
• 3. Program terms range from 5-15 months

The cost of the money varies between 22 cents on the dollar to about 39 cents on the dollar for our Standard Pricing Program. High quality merchants may have the opportunity to take advantage of our Premium Pricing Program for costs ranging between 15 cents on the dollar to 29 cents on the dollar.

Only the total loan repayment is calculated and the term is established, a fixed dollar amount will be deducted directly from your business bank account 5 days a week, Monday through Friday (twice after a weekday bank holiday). Larger loans will qualify for weekly repayment schedules. If you want a monthly repayment term, you must state this upfront. This requires one lender that we use and only certain States qualify for this monthly repayment schedule. No checks, no hassle.

The loan term is determined based on the loan amount and your qualifying criteria. Terms will vary between 5 and 15 months. Some of our lending partners offer 3 years to 10 years loan repayment terms.

Most merchants will qualify for up to 11% of their annual gross sales volume (based primarily on a combination of business bank account daily balances and amount of annual balances. Amount of business bank(s) balance is key to approval). We might ask you to tell us a dollar amount you feel comfortable paying back daily from your business bank account to arrive at a qualifying amount based off of the figure you give us. Qualified merchants could get up to $500,000. For Example: Someone needing a $300,000 – $500,000 loan would need an overall gross sales volume of approximately $2,000,000 – $2,500,000 annually.

• 6 months to 1 year in business. • Positive checking balance • No open bankruptcies • Bankruptcies will need to have been either Dismissed 1 year or Discharged 1 year). • No Tax liens (or must be in a repayment plan).

Once the full submission package is received, underwriting will issue you a Conditional Offer within 24 hours. The full length of the underwriting process depends on how quickly the requested supporting documents are received.

• An Application signed by an owner with 51% or more of ownership • 3 months of business bank statements (all pages) • Driver’s license • Voided check.

A Merchant Cash Advance (MCA) is an alternative financing solution which offers merchants access to capital based on their monthly credit / debit card sales. Through the purchase and sale of credit / debit card receipts, money is advanced upfront to a merchant and the advance is repaid by taking out a small % of the daily credit / debit card sales until the advance is paid off.

For every 75 cents we advance you, we are going to take roughly $1.00 of your future credit card sales back.

• Process at least $7,500 per month in Visa/MasterCard / Debit / Discover sales from their customers including Amex and Discover Network. • Credit cards processed daily • Immediate delivery of goods and / or services to the customer (no future delivery) • Cards are swiped in – person at the place of business • Brick and mortar locations • Merchant owns their inventory (no drop – shipping) • Batches out their terminal at least 12 days per month

Merchants must process at least $7,500 per month in Visa / MasterCard sales. We can include Amex and Discover Network as well. We only require the merchant to batch/settle out 12 days per month. We will look at new businesses that have been processing credit cards for at least 60 days. Our 50% rule states that if a merchant has a balance with another cash advance company, they must be processing double the amount that they owe; this way the merchant will net at least 50% of the advance.

Merchants usually qualify for up to one month’s worth of their processing volume. For example, a merchant that processes $20,000 per month will usually qualify for up to $20,000 in working capital, hard money loans, and business loans. Qualified merchants could get up to $500,000.

Merchants only need to have been in business accepting credit cards for 6 months.

One of the main benefits of a merchant cash advance is how quickly we can provide the merchant with working capital, hard money loans, and business loans. We can provide an approval the same day or within 24-48 hours with the proper documentation. Once approved, a final contract is available and ultimately, the merchant can be funded in as quickly as the same day. Funding is supplied to merchant via wire transfer.

1) Short application 2) Four most recent credit card processing statements 3) Most recent business bank statement (3 months, all pages) 4) Copy of driver’s license 5) Business license or proof of ownership 6) Voided business check
For seasonal businesses, we may need additional processing statements. For deals where the merchant currently has a cash advance with another cash advance company, we will need the pay off letter from the company with their most updated balance and pay off instructions, once approved and ready to fund.

We look at average transaction amounts rather than the higher ones. • No bankruptcies • Bankruptcies will need to have been either Dismissed 6 months or Discharged 1 year. • No open tax liens (or must be in a repayment plan) • No recent foreclosures • No collection accounts • No civil judgments
A merchant needs to have a positive beginning & ending bank balance with minimal negative balances / NSFs / overdraft fees throughout the month.

Option 1:
We set up a separate checking account in the merchant’s name whereby the daily credit card deposits will be directed. Once we receive the daily credit card deposits, we take out our withholding percentage and send the balance of the funds via ACH credit to the merchant’s main operating bank account. With this pass-through account, there is typically a 24-48 hour day delay on top of when the merchant would normally receive their money from their credit card processor. There is no fee to set-up the account, but there is a $25.00 per month fee to use the account.
Option 2:
We have the potential to directly ACH from the merchant’s bank account. However, the merchant requires certain criteria to fit this option.

We typically will take between 10-20% when the merchant settles out nightly to pay-back the advance. The percentage can be a little higher or lower depending on the business owner’s overall cashflow and also will be based upon how much capital they are looking for. As another safeguard, we will not take out more than 10% of the merchant’s total gross sales.

The merchant will be eligible for a renewal opportunity once they have paid back 50-60% of their current advance. The majority of merchants renew for additional working capital, hard money loans, and business loans.

Merchant must have at least one year left on their lease or be ready to sign a 1 year extension. If merchant is overdue with a significant amount of rent, we will put them on hold until they are current. Must be the original tenant (only on a case by case basis will subletting be permitted). We prefer brick and mortar locations and will not accept a merchant doing business solely through E-commerce (i.e. accepting PayPal, etc.) or mail-order-telephone-order(MOTO).