Unsecured Business Lines of Credit
Unsecured Business Loans
Build Your Business Credit Program

Obtain a business loan or line of credit without any liens or UCC Filings. The funding lenders focus on your credit history and (if available) business financials to make their decisions. The stronger your credit history, the less documentation you will need to provide.

If you have high credit scores above 700 FICO our lenders will rarely ever require any income or asset documentation. Your application will be completed and correctly prepared so it gets approved the 1st time, for the maximum amount.

Your request will be submitted to pre-selected lenders in the database that our experience reveals "likes your kind of deal." It is unproductive and inefficient to submit our clients request in a "helter skelter" manner.

How much money can you borrow?

The amount of money you can borrow will depend mostly on the strength of your credit history, but it will also take into account the amount of time you have been in business and whether or not you can show income and asset documentation.

NO DOC Loans and lines of credit usually come in increments of $25,000 to $125,000 per lender, and several applications may be submitted in order to achieve your total requested financing amount.

It is possible to receive up to $350,000 in financing under the NO DOC Program if you have been in business for more than 2 years. Most well-qualified business owners should expect to receive between $100,000 and $200,000 in financing under the NO DOC Program.

Under the FULL DOC Program, business owners typically obtain much higher amounts of financing up to $1,000,000 (or more), as long as the gross sales and net income for the business can support higher amounts of financing than we could otherwise obtain under the NO DOC Program.

What interest rates should you expect to pay?

The interest rate varies depending on your credit history and the lender your financing is placed with. The normal range of interest rates for NO DOC Loans and Lines of Credit is 9.5% to 15.5%, and for FULL DOC Loans and Lines of Credit it is 9.5% to 14.5%. The actual interest rate you receive may be higher or lower, and the better your credit history, the better the rate will get.

What are the repayment terms of the loans and lines of credit?

Most clients will end up getting a line of credit instead of a loan because the payments are lower and it gives them more flexibility to charge and pay back as they please.

Monthly payments on lines of credit will be 1% to 3% of the outstanding balance. So if you borrow $50,000, your monthly payments would be between $500 and $1,500 per month, a good portion of which will be principal, and another part interest, depending on your interest rate.

Monthly payments on loans will vary depending on the term of the loan, which can vary from 24 months to 84 months. So, for example, if you borrow $50,000 at 12% interest, your monthly payments would be between $882 and $2,353 for 84 and 24 month terms, respectively.

How long does it take to get approved and funded?

If you are doing a NO DOC Loan or Line of Credit, it will typically take 1 to 3 days to get an approval, which will tell you how much you are approved for and what the rate and terms will be. From the date you are approved, it then takes from 3 days to 14 days, depending on the lender, to actually have the money in your checking account.

If you are doing a FULL DOC Loan or Line of Credit, it will usually take 3 to 5 days longer to receive an approval, since there is more paperwork to process and the loan amount will usually be much higher.

Great Option Available: Want to build your business or corporate credit rating?

A Corporate Credit Program is an additional option to help you dramatically improve your Business Credit Rating with the 3 major business credit bureaus within 60 days so you can maximize the amount of unsecured financing that can be achieved on the second phase of submissions to lenders (after your initial credit line or business loan funding).

The program consists of obtaining unsecured business lines of credit and/or credit cards from 5 to 10 carefully selected commercial vendors whom are expected to report your payment history to one or more of the business credit bureaus.

What are the costs to obtain a line of credit or business loan and when are they paid?

A Consulting Fee and application fee is charged based on 3 criteria:
1. No doc or full income documentation.
2. Whether or not you have been in business for 2+ years.
3. Your credit score. A minimum credit score of 680 is required to qualify to apply.

The application fee range is $0 to $550. It is paid upon receipt of your application package.

The consulting fee range is 6% to 20% based on the maximum credit limit or maximum gross loan amount of each unsecured loan, line of credit, and/or credit card obtained with our assistance.

Your costs are the lowest when your credit score is 720+. If your score is 719-680 you pay a little more.

If you can provide 2 years of business and personal tax returns, your costs are the lowest.

If you are in business for 2+ years, your costs are the lowest.

The highest fees apply when your business is less than 2 years old and you apply NO DOC.

The average consulting fee paid is usually 10%. It is paid within 10 days of the funding of your loan.

Why should you pay any fees to obtain a line of credit or business loan when you can go to your local bank and apply for a loan yourself?

Good question.

You know the answer if you've already gone to your bank to ask for a loan and you've already been turned down or the banker wants to give you only a fraction of what you really need.

Using our service, you are paying for an expert just like you do when you hire a CPA, bookkeeper or attorney. You could prepare your own taxes or do your own bookkeeping and even represent yourself in a court of law.

But you wouldn't think of doing that because you know you have limited knowledge in those areas to do a great job. What you are an expert in - is running your business, so you hire experts for the other tasks. That's what you are paying for when you use this service to get cash for your business - expert knowledge.

You will get expert assistance to get your financing request approved quickly and for the maximum amount available to meet your needs.

You may only have access to a small handful of lenders in your area, but we have a large network of lenders to submit your application to.

Lenders are constantly changing their lending programs, guidelines, interest rates and their willingness to lend and take risks, which makes knowing which lenders to apply with and how to go about doing it in the best way a virtually impossible task for most small business owners.

Since we submit hundreds of applications each month, we know exactly what lenders are looking for to give you an approval.

Using expert help will also avoid the major problem with going it alone, namely, applying to the wrong lenders, the wrong way, and then getting too many inquiries on your credit report so that NO OTHER LENDER will approve you, even if your credit is perfect, because you have applied and been DENIED too many times.

If you do this you will kill your chances of getting the financing you need for at least 3 months and probably 6 months, depending on how many times you applied and were denied.

Your best opportunity to get the money you need is to let an expert consultant help guide you from the application process with a correctly prepared package that gets submitted to the right lenders using an up-to-date database as well as personal experience with each lender.

Comments:
The credit score used is based on the EXPERIAN credit score. A minimum score of 680 is required to apply for a line of credit or loan. If you don't know what your score is, you can obtain a copy of your credit report and score at Experian's website for $15.

If your credit score is less than 680, I may be able to help you increase your credit score to qualify. Email me for details.

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