ALL SUCCESSFUL APPLICANTS WILL RECEIVE A $100 AMEX GIFT CARD AT FUNDING.

This unsecured personal loan product is suitable for various business acquisitions, including franchises, as it has no restrictions on the use of funds. The loan is not contingent on how the funds will be used; as long as the client qualifies, the funds can be used at their discretion.

Loan Structure

• Loan Type: Unsecured personal term loan
• Loan Amounts: $50,000 to $500,000
• Interest Rates: 10% to 18% APR, based on credit strength
• Terms: 5 or 7 years, fully amortized with no prepayment penalty. The lender determines the term, which is disclosed to the client before they accept the loan.
• Funding Time: 7-10 business days

Estimated Monthly Payments

Here is an example calculation for a cash loan:

• Loan Amount: $185,000
• Interest Rate: 13%
• Monthly Payment (7-year term): $3,365
• Monthly Payment (5-year term): $4,209

Eligibility Requirements

• Minimum Credit Score: 680 across all three credit bureaus
• Personal Income: $50,000 or more in the last two years, as shown on personal tax returns (Form 1040)
• Debt-to-Income (DTI) Ratio: Below 40%
• Credit History: Clients should have at least five years of credit history.

Application Process

• Prequalification: To receive a prequalification, clients must provide a full credit report and the last two years of personal tax returns (Form 1040).
• Credit Inquiry: A prequalification is based on the credit report provided by the client, so there is no initial hard credit pull. The lenders only conduct a hard inquiry to confirm the information after the client accepts an offer. To avoid hindering the loan process, clients should not apply for new credit or make significant purchases once they are in the processing phase.
• Document Handling: After providing the initial documents, the client will receive a DocuSign with a prequalification projection. If the client chooses to move forward, they will receive an email with a list of supporting documents needed for processing. This offer is valid for five days.

Fees

• Upfront Fees: There are no upfront fees or down payments required to begin the funding process.
• Success Fee: A 15% success fee is charged only after the loan has been funded and the client has the funds in hand. The fee is invoiced to the client, who has 24-48 hours to pay. It is not automatically deducted from the loan proceeds. The fee can be paid from a business account for a potential tax write-off.

Broker and Lender Information

We collaborate with banks and credit unions across all 50 states. The specific lending partners reviewing a client's file will be disclosed by the loan processor once the file is in processing and offers have been received. We aim to secure offers from 3-4 lenders to maximize the potential loan amount.

Key Benefits of Using Our Service

• Unsecured funding (no collateral required)
• Simple, one-page application
• Pre-approval within 24 hours
• No restrictions on the use of funds for any industry

This product provides funding in the form of business credit cards.

Key Requirements

• Funding Amount: $$50,000 to $$150,000
• Minimum Credit Score: 700
• Interest Rate: 0% interest for the first 6-12 months
• Funding Time: 7-15 days to receive the credit cards
• Credit Reporting: Reports only to business credit.
• Additional Requirements:
• Business must be registered with the state.
• Revolving credit utilization must be below 30%.
• Stated income is used for qualification.