Basic Funding Requirements

USA

Time in business: 3 months

Credit: 500 Credit Score

Minimum Deposits: $10,000 average monthly bank deposits

Required Documentation: Last 3 Months Business Bank Statements for the USA

Exceptions:

4 Months in California

4 Months in New York

Signed & Completed Application

USA 51%+ Ownership Required

Canada

Time in business: 6 months

Credit: 550 Credit Score

Minimum Deposits: $15,000 CAD average monthly bank deposits

Required Documentation: Last 6 Months Business Bank Statements for all of Canada

Signed & Completed Application

Canada 100% Ownership Required

Programs Offered:

Short term Financing

Term loans

Lines of credit

Equipment financing / leasing

Consolidation

Reverse Consolidation

SBA Loans

AR Financing

Franchise Financing

Asset Based Financing

Fix N Flip Loans

Working Capital

Term Loans

Lines of Credit

Start Up Funding

Access Financial Products Overview

Please note that eligibility for these products is influenced by industry, geographic location, credit score, and current financial standing. Most offerings are uncollateralized, except for equipment financing.

1. Short Term Business Financing- Unlock rapid liquidity with our short-term financing, offering a percentage of monthly sales with flexible daily or weekly repayments. Ideal for immediate needs with minimal prerequisites.

Overview: Advances or deposits based on a percentage of monthly sales.

Terms: 1-12 months, rates from the teens upwards.

Payments: Daily/weekly.

Fees: Approximately 2-10%.

Requirements:

Minimum 3 months in business.

500 minimum credit score.

$10,000 min monthly revenue in the USA and Canada.

2. Term Loans- Experience stability with fixed-rate term loans, offering predictable repayments and potential tax benefits. Perfect for businesses seeking longer-term financing without the uncertainty of variable rates.

Overview: Specified term financing with lower, fixed rates and consistent payments.

Terms: 6-24 months, fees 0-2.5%.

Payments: Daily/weekly/biweekly/monthly.

Requirements:

Preferably first & second position financings.

$20,000+ Monthly Revenue.

650 credit score.

1 year in business.

Monthly Payment Requirements:

$10,000 Daily Balance (everyday)

650 Credit Score

5 years in Business

No more than 6 negatives days in the past 3 months

Notes: As of March 1, 2024 - Bi-Weekly & Monthly are not available in Canada.

3. Line of Credit- Flexible and accessible, our lines of credit allow businesses to draw funds as needed, ensuring capital is always within reach.

Overview: Approved max amount, draw as needed.

Terms: 3-12 months, monthly balance and draw fees (3-5%).

Requirements:

600 credit score.

$10,000 min monthly revenue.

Traditional line not available in Canada.

Non-traditional Line of Credit-

Overview: Get pre-approved for a specific amount; withdraw funds based on your latest financials. Ideal for strategic financial planning, with the flexibility to access remaining funds pending updated bank statements.

Terms: Flexible 1-12 month durations with competitive interest starting from the teens. Payment options include daily or weekly schedules.

Requirements:

A minimum credit score of 550.

No monthly service fees; only incur charges upon fund withdrawal (draw fees apply).

Notes: This option offers enhanced flexibility for businesses needing tailored financial access.

Please note: Product offerings and their terms are subject to variations in line with regulatory standards across Canada and the USA.

4. Equipment Financing- Invest in growth with equipment financing, supporting the purchase of vital business tools and machinery. Tailored to your needs, this option ensures you have the right equipment to expand.

Overview: For purchasing equipment

Terms: $30k-$3M funding, 12%-19% rates, 12-72 month term.

Requirements:

6 months in business.

$10,000 min daily balance.

650 credit score.

USA Only (Not available in Canada as of March 1, 2024)

Invoice for the equipment being purchased

5. Consolidation- Simplify your financial landscape with our consolidation options, designed to merge existing debts into a single, manageable repayment plan.

Overview: Merges existing debts, possibly up to 2-3 positions.

Terms: 6-24 months.

Requirements:

$40,000+ Monthly Revenue.

600 credit score.

1 year in business.

6. Reverse Consolidation- A unique solution for businesses with specific consolidation needs, providing weekly funds to cover existing loans, streamlining repayments directly to us.

Overview: Funds provided weekly to cover existing loans.

Terms: 6-12 months, $30k-$5M in consolidation.

Requirements:

At least 2 existing positions (Minimum $30,000 Outstanding)

$30,000 min monthly revenue.

500 credit score.

Only Available USA as of March 1, 2024

Please note: Product offerings and their terms are subject to variations in line with regulatory standards across Canada and the USA.

5. FAQ’s

"I am already working with someone"

Ok, well I know you have funding with our competition, That's how we got your information.

I might have an opportunity to get you on a better payment structure and cheaper funds. Competition breeds improvement. We are happy to compete to get you the best rate available in the marketplace.

"Is this an MCA?"

We offer a wide range of products, yes, we do offer MCA’s but we also have lines of credits and term loans as well. What exactly are you looking for?

"What programs do you offer?"

We mainly offer short term business financing that is based on the deposits in your business bank account. We can also do LOC’s and term loans. This financing requires ZERO collateral, and I could have the funds in your account today. What type of funding solution are you looking for?

"What’s the rate/term?"

Our term typically average in the 6-24 month range with rates starting in the low teens depending on your credit score and financial history. How is your credit looking right now?

"How quickly can I get funded?"

Can be as short as 2-4 hours. I can get your file into processing and get some numbers for you as soon as you complete the application and send over the last 3 months bank statements. Are you in front of a computer right now? I can walk you through the application if you have a couple of minutes.

"I only want monthly payments"

As of March 1, 2024 - Bi-Weekly & Monthly are not available in Canada.

Monthly Payment Requirements:

$10,000 Daily Balance (everyday)

650 Credit Score

5 years in Business

No more than 6 negatives days in the past 3 months

"Explain your line of credit?"

Our Line of Credit options are pretty simple, we approve you for a max amount, and you are allowed to draw from it as you see fit. You only make payments on what you draw.

"Line of credit vs nontraditional Line of credit?"

It's really the access you have to the funds

traditional line you can access when you need it as you need it; whereas the

nontraditional would we approve you up to an amount, you make a draw from it and the remainder is still available to you pending the most recent bank statement or month to date to access any of the remaining funds

"How much can you fund?"

$5 million is our max amount, our approvals are typically dependent on 3 factors:

Time in business

Personal payment history

Average of monthly Deposits

"Can you do a 3 year term?"

We do have programs up to 36 months, typically for top tier clientele. The longer we go out the more expensive the funds tend to be, our sweet spot tends to be about 7-12 months.

"I don't want to pay over 5% interest"

Understood, the bank is not going to be able to get that low. Our programs start in the low teens and go up from there based on deposits and credit score. This is a non-collateralized option, so there is no collateral needed and I can have it in your account today. Tell me more about what you want to use the funds for.

"MCA vs term loan?"

Term Loan - financing over a specified term (typically 6-24 month spans) with a lower fixed rates & payments (meaning the payment will always be the same). With term loans it is not an advance and can typically have interest written off on taxes. Minimal/no fees for the most part

MCA (Merchant Cash Advance) - Is a cash advance/deposit of a specified % of monthly sales. With a payment of that % will be drawn from the account daily/weekly. Tends to be around 4-10 month terms, Rates/Payments are fixed; typically has lender fees associated, and rates tend to be a little higher.

"What early payoff incentives can you offer/ Do you offer early payoff incentives?"

Most of our programs have early pay incentives. Depending on the program the discount can range from 5% - 50% off the cost of the funds.

"Can you do a reverse consolidation?"

Yes, we do offer consolidation programs; Savings as high as 55%, Offering additional funds built into the Reverse Consolidation, however you would need to meet the following criteria

Must have at least 2 positions, with at least $30K total debt outstanding

Monthly Avg. Revenue 30K

Re: Banks - 90 Day Max NSF’s (5) Max Negative Days (5 Days)

This is not our most preferred method of consolidation; however we do have it in the case you need it. During this you will not be able to receive any additional funding, and we are putting funds in your account each week to cover the cost of your current loans, and you are paying us back directly.

"Are your loans collateralized?"

No, we do not, so you do not have to put up any of your assets for this type of financing

"What type of offer can you get me?"

We have various programs, we offer short term business financing, term loan options, business lines of credit, equipment financing, and the list goes on, what’s the solution that you have in mind, how much and what’s the use of funds for?