Some popular reasons to seek business funding are:
- Access to full cash amount upfront
- Fast turnaround
- Preferred pricing
- Larger amounts
- For-profit entities benefit from tax deductible interest
- Grow the business
- Free up operational cash flow
- Cover short term expenses
- Use for a broad range of business needs
Most clients can qualify for financing if they meet 4 criteria:
- Annual revenue greater than $250K
- 660 credit score or above
- At least 18 months in business
- U.S. based company
Key Benefits on our CPA Business Funding Portal:
- Fast turnaround
- Preferred pricing
- Larger amounts
Current available Financing Solutions:
- SBA 7(a) Loans are the premier government-guaranteed business loans; Amount: $15K to $5M (Pre-approval in up to 7 days, Funded in 45 to 90 days); Term: 5 to 10 Years; Repayment: Monthly; Qualifications: 650 minimum credit score, at least 3 years in business, business has to be profitable
- Term Loans are used to grow revenue over time; Amount: $25K to $500K (approval in as fast as 24 hours - Funded in 3 to 4 business days); Term: 12, 18, 24, 36, 48 or 60 months; Repayment: Weekly, Bi-Monthly, Monthly; Qualifications: 650 minimum credit score, at least 2 years in business, $250K annual revenue minimum, business has to be profitable; (Excluded industries currently included firearms, marijuana, trucking, physical real estate)
- Working Capital - Fast Financing for your business; Amount: $25K to $1M+ (approval in 24 hours or less, funded in as fast as 48 hours); Terms: up to 2 years, payable from receipts Daily, Weekly or Bi-Monthly; Qualifications: 550 minimum credit score, at least 8 months in business, $100K annual revenue minimum; (Excluded industries currently included firearms, marijuana, trucking, physical real estate)
- CRE - Commercial Real Estate Loans $250K to $6M (for owner occupied real estate looking to pull money out - anticipated 30 days to approval), Requires ability to support debt and have an exit strategy, no set minimum revenue requirement