Available to businesses that need additional capital to grow or sustain their business. (up to $250,000)
CONTRACT / RECEIVABLES FINANCING
Leverage your accounts receivables or contracts to access capital needed to purchase materials, pay vendors and cover operational costs (up to $250,000)
LINES OF CREDIT
During times of growth or transition, a line of credit provides cash on hand to pay for short term debt
SBA LOANS
Through our lending partners the full compliment of SBA loans up to $4,000,000 are available
Loan Features
Flexible loan terms up to 60 months and interest rates as low as WSJ Prime + 1%
The business should have a positive financial position - earnings before depreciation, amortization, and taxes should be positive and growing.
Cash flow after monthly loan payment should be positive (DCR>1.00:1.10)
Personal credit score should be greater than 620; weaker credit scores may be permitted
Must be current on payroll and income taxes or be on an accepted payment plan
Three point origination fee, no prepayment penalty and closing costs may be deducted from loan proceeds
