Need Business Credit? No Problem!
We are partnered with some the best lending institutions who can tailor to your business financial needs
We Offer SBA 7(a) Loans, Term Loans, and Line of Credit
SBA 7(a) Loans
Businesses that qualify for an SBA loan are typically profitable, cash flow positive, and able to show that they can afford to make the monthly loan payments.
SBA 7(a) Loan
Businesses that qualify for an SBA loan are typically profitable, cash flow positive, and able to show that they can afford to make the monthly loan payments.
Sub $150k SBA 7(a) Loan
A Simple, Efficient SBA Loan — Streamlined for Speed
Requirements
Requirements
Term Loans
Bank term loans generally have shorter repayment terms than SBA loans but allow for faster delivery of funds.
Benefits of a Bank Term Loan
What can a small business use funds on?
What can a small business use funds on?
There are several common ineligible uses of proceeds for this program
From a hair salon to an online retailer to an
accounting firm, there are many small businesses that
are typically eligible for a bank term loan.
• Start-up financing
• House-flipping or real estate development
• Refinancing personal debt
• Floorplan financing
Bank Term Loan General Eligibility
Minimum 3 years in business
U.S. based business owned by a citizen
or lawful permanent resident
FICO of 680 or higher
No outstanding tax liens
Minimum annual revenue
requirement of $250,000
Business must not have bankruptcies,
or foreclosures in the last 3 years
No recent charge-offs or settlements
Business must have appropriate cash
to support loan payments
Demonstrate liquidity on the business
bank statements
Line of Credit
Line of Credit Amount: $50,000 - $100,000
Key Requirements
Pricing & Fees
- Business line of credits products have a variable rate as low as ranging from SOFR + 12.99% to 29.99% (subject to credit approval by the lender).
- One time 6% origination fee at closing and a flat $750 closing costs. Standard wire transfer fees may apply.
- While some lenders may charge additional fees for drawing funds, for this line of credit there are no additional fees for withdrawals.
- On the first anniversary of the funding of the line of credit, the partner lender will charge a 1% annual management fee based on the approved line of credit amount
Documentation Required
Disbursement of Funds
Required documentation includes:
- 6 months of business bank statements
- Current business debt schedule
- At origination, businesses may request the full amount of the line of credit balance to be disbursed into their business bank account, less required fees.
- If no funds are immediately required, the business may request to only draw the balance required to cover fees.