Our Services.
Start-Up Lease
Short of an Angel Investor or wealthy relative the Start-Up lease is one of the very few options new businesses can take advantage of.
Information
Start-Up Lease Funding Range: up to $15,000 for pre-Revenue new businesses, up $25,000 for new locations of existing businesses
Credit Profile: A+ to C based on owner credit history
Lease Term: Typical Lease Term is 2-3 years, subject to credit and type of equipment being leased
Lease Expense: Start-Up Lease rates are higher than traditional lease rates, quote required. Lease down payments range from 2 lease payments, 20% or more of the equipment value
Medical/Dental/Veterinarian Term
Term Loans designed specifically for Medical and health professionals, must be licensed to practice
Loan Availability: $100,000 to $250,000 standard product, can go as high as $1 million
Credit Profile: A+ to B, business and personal including debt to income and loan coverage criteria
Repayment Term: 3 to 10 years
Rate: Interest rates start in the high single digits and can exceed 20%, certain lenders offer terms at fixed interest amount based upon factors that can be greater than 1.30:1.
A/R Financing or Factoring
A/R Financing or Factoring is designed to enable manufacturers, wholesalers, distributors, and business service providers to borrow against invoices outstanding and payable by their customers for products and services that have been delivered.
Information
Credit Availability: $50,000 to $10 million or more
Borrowing Term: 90 days or less (typical)
Contract Term: 1 year renewing. Usual term of facility is greater 30months
% of Invoice: 70 – 90% of Invoice Amount based on industry and credit
Pricing: factoring fee(s) and interest on funds deployed, one time setup fee.
Expense of Borrowing: Interest and Fees can be in the single digit % to 20% APR or greater based on the volume of A/R, industry, customers list, business credit assessment
Security: Recourse and Non-Recourse may be available, UCC, and may require PG.
Merchant Cash Advance
The Merchant Cash Advance (MCA) is a very popular product among our clients. We are able to secure our clients up to $2,000,000, with funding in as little as 72 hours. This product is designed for the business owner that has a specific and immediate purpose for the funds (i.e. Working Capital, New Opportunities, Marketing, Expansion, etc.).
Information
Funding Availability: $5,000 to $2 million, 1st through 3rd credit positions available
Credit Profile: A+ to D based on business and owner personal credit, time in business, banking history and cash management, other debt outstanding
Repayment Term: 3 to 21 months
Rate: Is determined by the credit profile
Start Up Advance (MCA)
The Start-up Advance is designed to aid new merchants bridge the early capital gap, or pay off some of those lingering opening expenses
The Start-up Advance also enables the business to establish a relationship with a founder that can be a resource for years to come
Credit Profile: A+ to C+ based on owner personal credit, credit card volume, banking history and cash management
Repayment Term: 3 to 6 months
Rate: Is determined by the credit profile, industry, credit card volume
Revenue Base Loan (RBL) “ACH”
Revenue Based Loans or ACH loans are similar in structure, repayment schedule and pricing to an MCA
RBL are typically not Collateralized by an asset.
A terrific benefit of these loans is that they are short term, allowing the business to use as a recurring source of capital
Funding Availability: $10,000 to $2 million plus
Credit Profile: A+ to C based on business and owner personal credit, time in business, banking history and cash management, other debt outstanding
Repayment Term: 4 to 36 months
Rate: Is determined by the credit profile, industry, projected repayment term, other debt, banking / cash management history
Funding Availability: $10,000 to $2 million plus
Credit Profile: A+ to C based on business and owner personal credit, time in business, banking history and cash management, other debt outstanding
Repayment Term: 4 to 36 months
Rate: Is determined by the credit profile, industry, projected repayment term, other debt, banking / cash management history
Expense of Funds: RBL pricing is similar to MCA in format, a ratio is used to calculate the total fixed interest and principal to be repaid. Typical ratios range between 1.12:1 and 1.40:1 depending on Credit Profile and term.
Equipment Leasing
An Equipment Lease allows for the acquisition of equipment with monthly lease payments. At the end of the Lease Term the equipment can be owned by the borrower for final payment. End of term buyout can be either $1.00 or fair market value. Leasing preserves capital, providing use of equipment over its anticipated useful life.
Information
Typical Equipment Lease Funding Range: from $10,000-$1 million plus, Lease equipment must have direct business purpose
Credit Profile: A+ to C- based on business and owner credit histories, and business total debt outstanding
Lease Term: Typical Lease Term is 2-5 years, subject to credit and type of equipment being leased
Lease Expense: Lease rates are expressed as a factor, but can be calculated as an APR, APR % range from single digit % to 20% or greater. Lease down payments range from 2 lease payments, 20% or more of the equipment value.
Sale Lease Back of Equipment
Sale and Lease back of Equipment allows business to leverage equipment they already own to get capital for use in the business.
Information
The equipment to be offered must be free of liens, or as an exception close to paid in full
This is an excellent means to get capital out of existing assets at a manageable monthly payment.
Secured Term Loan
Secured Term Loan are long term debt primarily utilized for the acquisition of appreciating assets, and capital investment in appreciating assets. Acquisition of a business or partner buyout, purchase of Real Estate (commercial), capital improvements to the business are all examples.
Information
Term Loans are most often collateralized by a hard assets
Loan Availability: $1 million or greater
Credit Profile: A+ to B, with assets sufficient to collateralize the loan
Repayment Term: 5 to 15 years or longer
Rate: Competitive with bank interest rates and APR for similar terms based on borrower qualifications.
Term Loan – 2nd Position Or Uncollateralized
This type of Term Loan provides many of the benefits of a Secured Term Loan but without the required unencumbered collateral Uses are also similar; capital projects, partner buyout, expansion opportunities, it can also be useful for debt consolidation purposes.
Information
Loan Availability: $100,000 to $1 million
Repayment Term: 24 to 60 months
Credit Profile: A+ to B, with assets sufficient to collateralize the loan
Rate: Interest rates start in the high single digits and can exceed 20%, certain lenders offer terms at fixed interest amount based upon factors that can be greater than 1.30:1
