(I/O) Interest Only Loans
An interest-only loan is a loan in which the borrower pays only the interest rate on the principal balance. Because only interest has been paid, a balloon payment is due at maturity which is the outstanding principal sum on the loan.
Unsecured Line of Credit
An Unsecured Line of Credit requires no collateral. No asset is acting as collateral against the lent funds which causes us to accept a much higher level of risk while the borrower has the freedom to use funds appropriately and according for the growth of the business. A borrower can use it to purchase equipment, finance inventory, payroll, or even expansion.
Merchant Cash Advance
A Merchant Cash Advance is a funding option that differs from a conventional loan by focusing on revenue volume rather than other traditional loan requirements. This gives a merchant the opportunity for flexibility in managing their cash flow. MCA’s are a useful resource in aiding the development and growth of a business. They require little to no credit and the funding process is one of the quickest in the industry.
Merchant Cash Advances range from $10,000 to $3,000,000.
Many borrower’s take on multiple Merchant Cash Advances. A MCA Consolidation buys out existing positions to help merchants avoid defaulting. A borrower benefits from consolidation because it puts a merchant back on track towards long-term sustainability. If it makes financial sense, we can buy out as many as 7 open positions.
SBA 7 (a) Loan Program
This is a key program for assisting start-up and existing small to midsize businesses with financing guaranteed by the US Government. To qualify the primary factors are based on what the business does to collect its income, the integrity of its internal structure in addition to where and how the business operates. There is no set minimum and can be as large as $5 million.
AR Line-Invoice Factoring
Financing invoices for services and products that have been completed or delivered. The factor advances money to the business as a form of a loan or purchase that is collateralized by a security interest in the company’s accounts receivables. Advance amounts are determined as a percentage of the invoices full amount and associated risk. The advance rate is usually 70% to 99% of the total face value of the invoices.
Commercial Real Estate Loans
A commercial real estate loan is a mortgage loan secured by a lien on commercial, rather than residential, property. Commercial real estate (CRE) refers to any income-producing real estate that is used solely for business purposes, such as retail centers, office complexes, hotels and apartments. We are able and willing to do 1st, 2nd, and 3rd positions on adequate qualifying real estate. Largest loan to date is $35,000,000.
A term loan is a loan for a specific amount that has a specified repayment schedule and a fixed or floating interest rate. For example, many banks have term-loan programs that can offer small businesses the cash they need to operate from month to month. Often, a small business uses the cash from a term loan to purchase fixed assets such as equipment for its production process. Length of term can range from 3-10 years with an APR rate as low as 7%.
Asset Based Lending
A business loan secured by collateral (assets). The loan, or line of credit, is secured by inventory, accounts receivable, jewelry, luxury goods and/or other balance sheet assets. We will work for you when traditional lenders are not willing to lend. We have a common sense underwriting process focused on the asset and the borrower.