How Funding Works

• Funds are available to be drawn at any time
• Only pay for what you with-drawl
• Interest rate is pre set on presentation
• More funds become available as payments are made

Rates are based on

• Time in business and revenue
• If collateral is used
• Your credit
• Your ability to pay back the loan
• Debt/Equity ratio

Ask yourself

• Is my FICO over 650?
• Has my business been operating for 2+ years
• Do I have collateral
• Is the equipment semi-liquid and market ready?

Required Documents

• Last three months of business bank statements
• Current month to date statement
• Debt schedule (if necessary)

Good to Know

• A business line of credit is a great way to have funds available when you need them.
• Funds can be used for any business related expense
• Only pay for the funds you use

 How Funding Works

• Un-collateralized under $350k
• Collateralized over $350k up to $5m
• Terms as long as 25 years for real estate and 10 years for others

Rates are based on

• SBA set maximum

Ask yourself

• Has my business been profitable for 2+ years?
• Do I have collateral for loans over $350k?
• Am I looking to purchase property?

Requirements to get started

• 680+ preferred FICO
• Profitable for 2+ years

Good to Know

• SBA 7(a) loans offer some of the best rates available
• Applications typically take 4-6 weeks to fund
• Pre-approval in 2 business days

 How Funding Works

• An invoice is a bill for goods or services already provided
• A business sells its invoices to a third party (the factor) in order to meet its current cash flow obligations

Rates are based on

• The invoice holders credit worthiness
• The length of time until the invoice will be paid

Ask yourself

• Are you currently factoring any invoices?
• Do you presently have a need for additional cash flow?

Required Documents

• Sample invoice
• Accounts receivable aging report

Good to Know

• We only factor business to business transactions
• Residual account; represents an ongoing relationship
• With factoring you have the chance to get paid for your invoices right away – no need to wait

 How Funding Works

• Purchase orders are documents sent from a merchant to a provider with a request for an order
• A business sells its purchase orders to a third party to obtain the funds necessary to satisfy the order

Rates are based on

• The security of the order
• The length of the funding
• Your credit

Ask yourself

• Do you have any unfulfilled purchase orders?
• Are you currently receiving purchase order financing?
• Are you unable to make an initial payment for an order?

Required Documents

• A list of unfulfilled purchase orders
• Financial statements

Good to Know

• Purchase order financing is NOT a loan, and therefore you are not incurring any debt
• The application required to establish a purchase order relationship is much simpler than other types of financing
• With purchase order financing you can ONLY use the funds to assist with satisfying the order
• Purchase order financing can support a single transaction and/or grow with your company’s funding requirements

 How Funding Works

• A lien put on currently owned property in order to obtain funds for any purple
• A lien put on a property that you are looking to buy in order to obtain funds for it’s purchase

Rates are based on

• The security and length of the loan
• The loan to value ratio
• Your credit

Ask yourself

• Do you own any commercial property?
• Are you looking to buy any commercial property?
• Is the commercial property currently producing income?
• Is there any debt on the property?
• How many units are on the property?

Required Documents

• Profit and loss statements
• Property info: appraisal or brokers opinion of value (BOV)
• 3 most recent years tax returns
• Personal financial statements – updated within the last 60 days

Good to Know

• Mortgage financing is only available for income producing property
• The most common way for a property to produce income is by having tenants
• A property with both a business and a tenant on it is referred to as a mixed use property