Truck & Heavy Equipment

From backhoes to bulldozers, from pavers to rollers, from dump trucks to 18-wheelers. Heavy equipment loans allow businesses to borrow money to purchase heavy machinery and make payments on a schedule rather than having to pay upfront.

• Loan amount $10K to $1M

• 12, 24, 48, or 60 months term

• Min credit score 650

• Start-up business OK

• No private sale

• Document needed: Application; and Invoice from the dealer showing equipment specs.

Working Capital

This loan is intended for business owners who are seeking funding for their day-to-day operations, such as payroll, purchasing inventory, business expansion, etc.

• Loan amount $50K up

• Terms may vary based on need. Max term is 10 years

• Min credit score 660

• Two years in business

• Document needed: Application; Two years of business tax returns; Two years of personal tax returns (in some cases); YTD Profit and Loss; Balance Sheet; Debt Schedule; and ID

Account Receivable A/R Funding

Accounts receivable or AR financing is a type of financing arrangement that is based on a company receiving financing capital in return for a chosen portion of its accounts receivable. An AR financing arrangement can be structured in several ways, including as an asset sale or a loan.

• Loan Amount: 100K - 50M

• Advance rate 80% to 90%

• One year term

• Non-recourse available

• Document needed: Application; One-year business tax return; ID; Current Aging of Accounts Receivable; Entity Documents; Invoices for Funding; Financial statement; and Customer list
  

Term Loan

Term loans are ideal for businesses with annual revenues of at least $500,000 looking for an alternative finance option when traditional bank lending options may be unavailable or you don’t want to pay the high cost associated with quick cash loans.

• B2B companies with at least $500,000 in gross annual revenues

• Companies with recurring or predictable revenue

• 12 months - 5 years

• $50,000 to $2 million with possible follow-on funding

Business Acquisistion

This loan is intended for business owners who are seeking funding to purchase a business.

• Loan amount $350K to $10M

• Terms vary based on need. Max term is 25 years

• Min credit score 600

• Document needed:

• From buyer: Application

• Two years of business tax returns for all businesses owned

• Two years of personal tax returns (in some cases)

• YTD Profit and Loss

• Balance Sheet

• Debt Schedule

• ID

• Resume

• Form Seller

• Two years business tax return

• YTD P&L

Loan Information HOTLINE:

929.552.8529

Equipment Funding

Equipment financing refers to a loan used to purchase business-related equipment, such as a restaurant oven, vehicle, or copy machine.

• Loan amount $10K to $1M

• 12, 24, 48 or 60 months term

• Min credit score 630

• Start up business OK (Max loan $50K)

• 5 day funding

• Document needed: Application; Invoice from the vendor showing equipment specs; Vendor has to be based in the US (or has office in the US)

Gap Funding / NINA

A mid-term loan in the form of unsecured cash. These programs require no collateral only a personal guarantor. Clients can use the fund freely for any purpose.

• Minimum 660 Credit Score

• No More Than 6 Inquiries in The Last Six Months.

• 3 open active trade lines

• No New Lines of Credit or Revolving Accounts in The Last Six Months.

• Minimum of 6 Months At The Same Job With 1 Year of Continuous Work History of W-2 Employment.

• Retirement or Disability Income $27,000 annual income

• Ideally, No More Than 60% of Your Total Available Credit Usage

• Any Bankruptcies Must Have Been Discharged 2+ or More Years Ago

• 72 years of age or younger

Retirement Account Rollover

Your 401(k), IRA, or other qualified retirement accounts can be the key to starting your business debt-free and cash-rich. This program allows you to utilize the full potential of your existing retirement accounts to purchase your own business, thereby enabling you to eliminate or reduce the need for additional loans.