The Business Loan
If your business accepts cash, checks or other type of money transfers then the straight business loan is for you. In order to qualify for this type of loan, you will need the following requirements:
* Minimum Average of monthly sales in the amount of $10,000
* You have a minimum of $1,000 in your bank account
* You make at least five deposits every month
* You receive no more than 10 insufficient funds checks
* Your Fico score is above 500
If your needs can be satisfied with a loan of $35,000 or less, all you need to qualify for this small business loan is a government-issued identification card and the first page of your business lease.
You can opt to make fixed payments on a daily, weekly or monthly basis, or you can pay a percentage of your sales receipts.
Unsecured Business Loans for those with Bad Credit
If you have bad credit, you are not alone. Your business can receive the funds it needs with the unsecured business loan in as little as 24 hours. There are never any fees to apply, and you will not have to offer anything as collateral. You will need to demonstrate that your business has sales of at least $10,000, but you are not required to have a minimum deposit or a minimum ending bank balance.
Asset Based Business Loans / Secured Business Loans
Business can leverage any assets and receive from $10,000 to $500,000 to any business type and bad credit is OK. Loan approvals are typically issued within 24 hours and funding is less than 5 days. This is not a cash advance product and we do not require any credit card receivables. We can leverage any collateral, Automobiles, Boats, Planes Equipment of all sorts. No matter what the size and scope we can leverage it. Even if you have an existing advance we can leverage your other assets to get you the additional capital you need on top of it!