Business Loans
How do BUSINESS LOANS work?
Our merchant business loans are ideal for business owners seeking fixed, predictable payments on loans up to $1M. Funds up to 100% of monthly sales in little as 3 days with no application fee.
BENEFITS
- Fixed, predictable payments
- Funds up to 90% of monthly revenue
- Minimal paperwork (we know, we hate it too.)
- Standard, Preferred, and Select Loans available
STANDARD MINIMUM REQUIREMENTS
- Minimum time in business: 2+ years
- You keep a positive daily balance in the bank
- No more than a total of 6 NSF's in a month on bank statement
- Minimum of $10,00 or more more in monthly sales
- FICO score of 600+
APPLICATION/FUNDING PROCESS
- Application and documentation submitted to underwriting
- Underwriting submits 3 options to you with all the information for payback
- You pick which option fits you the best
- Funds are deposited into your bank account
- You then have up to 10 months to repay the funds
REQUIRED DOCUMENTS
- MBL Application
- Voided Check
- Driver's License
- 3 Months Processing Statements
- 3 Months Bank Statements