Now Funding CONSTRUCTION and TRUCKING Industry Bridge Loans!
This bridge loan is unique, basing approvals solely on the last 3 bank statements and a signed application. We are looking for businesses that have very little or no assets to pledge to get working capital. Credit is not a problem. Industry type is not a problem.
PRODUCT: Unsecured Bridge ACH Product
ITEMS REQUIRED FOR ANALYSIS: 3 months most recent bank statements and current online printout of their bank account.
MINIMUM NSF PER MONTH: 5 days in a month
MINIMUM DEPOSIT PER MONTH: 6-8 deposits
MINIMUM GROSS DEPOSITS PER MONTH: $15K per month
CREDIT PROFILE: 500 FICO+ Open Bankruptcies are fine if debt obligations and arrangement are being met.
ADVANCE FACILITY: No minimum or Max Amount. Approval amount is 15-20 percent on (3 months average deposit) to start in first round and up to 50 percent in later rounds of financing.
RATE: 1.40 for bridge ACH product
TERM: 2-4 Months
MINIMUM TIME IN BUSINESS: 6 months.
PAYMENT STRUCTURE: ACH daily remittance-8 to 10 percent holdback of daily deposits. Payments are not fixed and are withdrawn daily (based on deposit amount) Monday thru Friday (E.g. If a merchant does $10K, then the daily payment is $1K). Any weekend deposits will result in that remittance collected along with Monday’s deductions.
Get funded in 7 business days!
Call (888) 789-4365 Or Click Below To Apply!