619-695-1244

UNSECURED LOAN PRODUCTS

UNSECURED LOAN PRODUCTS
Ranges of Factor & Interest Rates
Benefits & Drawbacks
Required Documents

Cash Flow Loan

Credit Score
500+
Time in Business
3 months+
Monthly Revenue
$4,000+
Loan Amount
$1k - $350k
1.06 - 1.7

Benefits: Perfect credit not required.

Drawbacks: Higher cost, Automatic payment.

1 year tax return

4 months bank statements

4 months credit card processing statements.

Business Credit Card

Credit Score
680+
Time in Business
Any
Monthly Revenue
Any
Loan Amount
$50k - $500k
0% - 30%

Benefits: 0% intro APR's, Spending Rewards.

Drawbacks: Variable rate, Possible annual fee.

3 years tax returns.

4 months bank statements.

4 months credit card processing statements.

Line of Credit

Credit Score
650+
Time in Business
2 years+
Monthly Revenue
$5,000+
Loan Amount
$2k - $150k
8% - 25%

Benefits: Only pay interest on funds drawn, Credit is available when you need it, It is suitable for the majority of business needs.

Drawbacks: May require collateral in some cases, Higher interest rates if you have a low credit score, There is a personal guarantee.

3 years personal tax returns

Term Loan

Credit Score
650+
Time in Business
12 months+
Monthly Revenue
$20,000+
Loan Amount
$10k - $750k
7% - 30%

Benefits: Loans are approved quickly, No collateral may be needed, Little paperwork, Lower rate.

Drawbacks: Excellent personal credit is required, Shorter repayment term than bank loans.

1 year tax return

6 months business ban statements

4 months credit card processing statements

Year-to-date Financials (P&L and BS)

Merchant Cash Advance

Credit Score
500+
Time in Business
3 months+
Monthly Revenue
$4,000+
Loan Amount
$5k - $200k
18% - 40%

Benefits: Short time to funding, No collateral required, Repayment adjusts to how well business is doing.

Drawbacks: Higher cost depending on qualifications, Revenue and sales history required.

3 years tax returns.

4 months bank statements.

4 months credit card processing statements.