START UP FUNDING
Start Up Funding For Brand New Businesses
Start Up Funding is one of the most challenging types of financing to achieve. If you are in that process now, you may have already figured that out for yourself. Both banks and lenders tend to shy away due to the high risk involved. That being said, before going too much further, know that we HAVE options for those who qualify. We will discuss here what is typically available to brand new start up businesses, and also share what we have available and are able to offer Start Up Companies.
There are a number of ways that new entrepreneurs try to get funding for their businesses. The options range anywhere from Self Financing (Bootstrapping) via family & friends, Venture Capital which usually is only available for larger corporations where investors gain stock, equity, and part ownership standing in the company, to crowd funding as well. There are also different grants available that can be researched and utilized if qualification standards are there.These are additional options you may want to try depending on your personal preferences and goals.
SBA Loan Programs
The SBA helps many types of businesses get small business loans including start ups. It's no secret that startups are looked at as risky endevours, whereas established businesses have proof of their success in the form of financial statements, tax returns, and other supporting documents. Start Up owners have to rely on business plans and their industry experience. Here is a small list of items you would need to apply and qualify for an SBA Start Up Loan:
*Excellent Credit, *Personal Tax Returns For Past 3 Years, *Personal Financial Statement History, *Full Business Plan, *Business Projections For Minimum 1 Year Out, *Resumes For Each Business Principle, *Licenses & Certificates, * Down Payment & Collateral May Be Required.
There are a number of SBA Loan programs available depending on the type of business, industry, use of funds, and loan amount needed. We ARE able to help with SBA Start Up Loans if you feel you meet the above qualifications and criteria! We also work SBA Loans for already established business!
Term Loans For Start Up's
We offer Term Loans up to $300,000 for Start Up Businesses. These loans are cash deposited straight into your checking account. They are unsecured loans so there is no colatteral required and comes with terms ranging anywhere from 3-7 years. These funds can be used for any business purpose that you see fit. There are no restrictions on the use of funds. Rates vary based on the over all condition and strength of your credit. Payments typicalaly range anywhere between 1-2% of the approved amount. This is an excellent way to acquire the start up funding you need for your business. No big financial packages and spreads required, no collateral or down payments, no losing ownership or stock in your business. You maintain full control and are now able to take whatever steps are necessary to get the ball rolling! This is a credit & personal income based product. 24 Hour Approvals with fundings as soon as 7-10 busines days!
Contact us today to see if you qualify for a Term Loan!
SLOC Credit Line For Start Up's
SLOC or Syndicated Lines Of Credit are GREAT for Start Up's!
SLOC Credit Lines consist of 0% interest business & personal credit line/cards for the first 9-24 months with cash accesability that provide you ample time to invest in your Start-Up with low affordable payments for that initial term. This is a cumination of 3-5 Credit Card Lines that together can reach up to $150,000 with approved credit. Income Verification is NOT needed for this form of Start Up Funding. This form of funding is also fantastic for consolidating or transfering high interest debts onto and giving you the opportunity to pay down those debts interest free! Can be a wonderful resource and perfect for paying for marketing, education services, products, equipment, and anything else you can pay for on a credit card.
24 Hour Approvals!
Term Loan & SLOC Credit Line
( COMBINATION )
With approved credit & personal income verification you may qualify for both
products together as a combo infusing your business with access to much higher funding amounts than you would acheive with each financing product on it's own! Find out if you qualify today!
Lastly, if you have been in business for less than 1 Year,
however have been earning revenues of $10-$15,000 or MORE per month consistently,
we have ADDITIONAL funding resources that may be available to you which can be
funded in as quickly as 24 Hours!
Our 3 Step Process:
Fill out our Quick Apply application.
2. We review your application
We review your goals and present you with programs matching your needs, getting an offer in 24 hours.
3. Receive funding
Choose the program that fits you best and receive funding within 48 hours.