Frequently Asked Questions
What Programs do you offer to small businesses?
Working Capital Program
We all know capital is the lifeblood of any business. The Working Capital program is designed to provide a quick cash infusion. Most business owners find this program useful for purchasing inventory, adding new staff, increasing marketing/advertising, expansion, covering unexpected expenses, or taking advantage of a sudden opportunity…the possibilities are endless. We typically fund the business the equivalent of 50-100% of their average monthly revenue. For example: Your business has $50,000/month in average gross revenue over the last 4 months, our offer for funding could range from $25,000-$50,000. A free consultation with one of our Financing Specialists will determine eligibility.
Equipment Purchase Program
Virtually every business requires specialty equipment or technology to be effective. The Equipment purchase program allows business owners to finance this equipment and, based on qualifications, get additional working capital at the same time. From work trucks and heavy machinery to tanning beds and X-ray machines we can finance just about anything – New or Used! A free consultation with one of our Financing Specialists will determine eligibility.
What businesses qualify?
Working Capital Program
Any business that’s been under the same ownership for at least 12 months and has at least $15,000/month in average gross revenue may qualify. Revenue needs to be verifiable on business checking account statements. A free consultation with one of our Financing Specialists will determine eligibility.
Equipment Purchase Program
Virtually any business owner may qualify for this program as long as their credit meets minimum requirements. This generally means a 600+ FICO and no open bankruptcies or large liens. No time in business or revenue requirements apply to this program, although start-ups may require higher minimum credit scores. A free consultation with one of our Financing Specialists will determine eligibility.
How much will I be approved for?
Your approval is determined by your businesses cash flow over the last 6-12 months, creditworthiness, business history, and other risk factors. We lend from $10,000-$500,000 on our Working Capital program and finance up to $250,000 on our Equipment purchase program.
What length terms do you offer?
Working Capital Program
4-60 month terms are offered.
Equipment Purchase Program
24-60 month terms are offered.
Do your program has pre-payment penalties?
None of our programs have prepayment penalties. In fact some of our programs offer discounts for paying off early.
What if my credit isn't perfect?
Perfect credit is not required! We can accept credit scores as low as 500 and some of our programs have no credit requirement at all.
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(332) 216-1663
(518) 344-0379