Small Biz Heroes

Bank-Level Term Loan and Revolving Line of Credit Products 

 

Products only available in the following states: CT, MA, RI, PA, FL, NC, SC, GA and TX

Minimum Amount

10000

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Maximum Amount

1000000

Term Length

12 – 60 months

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Interest Rate

WSJ Prime +1-5%

Payment Frequency

Monthly

REVOLVING LINE OF CREDIT PRODUCTS

Minimum Amount

10000

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Maximum Amount

1000000

Term Length

24 months+ (5% principal/mo)

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Interest Rate

WSJ Prime + 1-5%

Payment Frequency

Monthly

What Businesses Qualify?

Equipment financing is the perfect option for a company that needs equipment but doesn’t want to use all their own cash flow to buy it. This type of loan will help you acquire equipment without any upfront money, while also acting as a valuable form of collateral in case anything goes wrong and your business needs to borrow more cash down the line.

Equipment financing approvals are based on personal and business credit scores, industry type, positive trade history, existing trade lines, Debt Coverage Service Ratio and the equipment quotes provided by the business owner.

What Type of Equipment?

You might think that our underwriting team is just concerned with your borrowing history, but the type of equipment you are purchasing could also play a role in whether or not we approve your loan. If you’re looking to invest in something high-value and value retaining, then even if your credit profile isn’t perfect yet we may be able to work out an agreement for financing – as long as it’s within budget!

PRODUCT SPECIFICATIONS

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Fully Amortizing

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No Early Payment Penalty

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Min FICO: 640

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Min Rev: $100,000

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Min TiB: 2 years

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25%+ Owners must sign

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Dual product capability

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Only one MCA position allowed

DOCUMENTATION REQUIREMENTS

$10,000 - $99,000 Credit Request

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Signed Application

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Last 3 months of business checking statements

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Copy of Driver's License

$100,000 - $1,000,000 Credit Request

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All docs listed above

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Last 2 years of complete business tax returns

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Personal Financial Statement

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Current Debt Schedule

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Year to Date Profit & Loss and Balance Sheet

Let’s Get You Funded

We help your business grow and can even secure start up funding.

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What do you qualify for?

Getting the right business loan is a lot easier than you think. We help you identify exactly what you qualify for and what program is going to be the best fit to suite your specific needs. See what you qualify for today completely risk free!

**Secure E-Sign Application - Applying won't impact your credit score.

Must have a Business Bank Account for most programs

Both location and operation of Business must be in the United States of America or Canada

Must not have an open bankruptcy

No default history with lenders within the last year