Lending Options
LOC, SBA, Bridge – whatever product or mix works best for you
Want to learn more about why you should consider us for financing?
Flexible, affordable, accessible funding solutions for your specific type of business
Designing the right mix of funding for your long term health or short term relief takes a little more work, and we’re happy to do it. That’s what makes us a bit different.
Line of Credit
Term: Revolving
Rate: 10% – 25% Annually
Turn Around: 24 – 72 Hours
Qualifications: 650+ Credit score, Healthy bank balances
Required Documents: Last 6 months of bank statements
Every business should have a low cost credit line. There is no charge or fee associated with setting up your line. If a need arises, simply draw and repay at your discretion with no prepayment penalty.
SBA Bolt Loan
Term: 10 years
Rate: WSJ Prime + 4.75% (Variable Rate)
Turn Around: 10 – 14 Days
Qualifications: 700+ Credit, No IRS Liabilities
Required Documents: Last 2 years Business & Personal Tax Returns
The great thing about the SBA bolt loan is that cashflow (profitability) is not considered in the approval process. Also, any other existing debts do not need to be paid off and do not weigh in on the approval process. Since a cashflow analysis is not needed, the SBA Bolt Loan is far easier and gets done faster than any other SBA loan. Also, financials such as P&L + Bal sheet and debt schedules are not required.
Bridge Loan
Term: 1 Month – 2 Years
Rate: 15% – 45%
Turn Around: 24 – 48 hours
Qualifications: 500+ credit score
Required Documents: Last 3 months of bank statements
Effectively bridge the gap for accounts receivable, payroll, inventory, business opportunities or any emergency. Bridge loans are for borrowers with challenged credit or for those who needed money yesterday.