GET FUNDED
You Have The Dream.
You Have The Strategy.
Now You Just Need The Funding.
Products, equipment, real estate, payroll and travel are all expensive parts of business. And helping you get OPM to pay for it – is our specialty.
We fund up to $750,000.00 serving clients from all 50 states. Our finance suite features over 200+ lenders and many ways to get OPM!
Our Funding Programs
You get access to 20 Business Funding Programs inside our Credit &
Finance Suite
The funding can typically range from $25,000 to $150,000. And in the system we show you exactly when to apply!
Personal unsecured signature loans from $10,000 to $75,000 with the average being $50,000. These are installment loans with fixed rates and terms where the funds can be available for use within 48 hours.
The SBA does not make loans but rather guarantees a repayment of a percentage of the loan in the event of default. Details of their loan programs are here https://www.sba.gov/funding-programs/loans
Most any type of equipment can be leased or financed on fixed rates and terms. Equipment leases can also include service agreements or other add-ons such as software for computers. Leasing allows for smaller monthly payments over a multiyear period. Equipment can be purchased or returned at the end of the lease.
These loans are based upon the past revenue generated by the business based on the last 4 to 6 months depending on the lender. The amount loaned is normally one to two times the gross monthly revenue. These loans are usually short term back pays of 7 to 9 months with interest rates in the 35% to 70% range. If you can turn a profit from the loan it may not be a bad deal. Payments are from daily M-F ACH deductions from your business bank account.
Very much the same as revenue based loans except the loans are based upon the monthly credit card receipts instead of gross revenue and paymenst are taken from each new credit card process.
These are not loans but rather a redirection of your 401K into a self investment into your own company. Easy working capital if you have at least $50,000.
When you have open invoices with other businesses (not consumers) those invoices can be factored (sold) to a third party. The third party will typically pay around 97% of the invoice value and then become responsible for the collection of that invoice. This is not a loan but is selling an invoice.
When you have an open purchase order for finished goods, that purchase order can be used as collateral for a loan of up to 90% of the value of the purchase order. The goods must be finished goods and not require manufacturing or be a service with the purchase order client.
If you own existing equipment outright and if that equipment is fairly new, depending on the type, then that equipment can be sold and leased back. You sell the equipment to the lessor for typically 50% of its current market value and get those funds in cash. You then execute a fixed rate and term lease agreement for the equipment with the equipment never leaving your site.
These are credit lines provided by non-bank lenders who are private companies that may take higher risks than banks or SBA programs are willing to take. These loans range from $10,000 to $500,000 with the average probably being around $50,000. The terms will normally be higher rates than from banks with them being in the 8% to 15% range depending on your qualifications. Normally these loans require 1 to 2 years in business and generating revenue to qualify.
These lenders are what have been called hard money lenders however their rates tend to be reasonable given the risk versus reward of house flipping. These lenders understand the house flipping market and are typically looking for borrowers where the loan will not be for their very first house fix and flip deal. Experience and having some skin and equity in the game goes a long way here.
This lending market is vast and lenders tend to be highly specialized into the niches that they understand well.
Just as it sounds, flooring credit lines and loans for those businesses that need to stock inventory. The inventory becomes part of the collateral. Lenders here vary by type of inventory they l finance and how much of a down payment you will need to secure the market. Market conditions for the type of inventory will also play a factor.
These are sites that allow private individuals to invest their money into specific loan requests. A bit of a wild wild west play but can be a great alternative for businesses who have a good story to tell that will excite the service users to take a risk on their loan requests. FICO score requirements are typically low at 600 with interest rates that can be 35%+ funding averaging around $25,000.
If you have almost any kind of hard assets; stock, bonds, real estate, gold, silver, gems, etc. there are lenders who will use those assets as collateral for loans. The amount of the loans vary but are typically in the range of 50% of the value of the hard asset. FICO scores can go down into the 500 range due to security with loan percentage of asset value going up with higher scores. Interest rates tend to be in the 9% to 12% range with funding in the $50,000 to $500,000 range.
When you have recurring structure payments for a settlement, judgment, annuity, winnings, seller carry back note, real estate note, etc. those recurring payments can be sold at a discount to stream payment buyers and note buyers. These buyers will purchase all or a portion of the structured stream of payments. Discount rates vary greatly with the type of payment stream and the underlying security if there is any.
If you have a contract that is generally with a Fortune 1,000 company or a government agency (school, city, state, federal) then that contract can be used to secure completion financing much like a building construction loan. With these types of loans the funds are typically advanced based on completion stages so that not all the money’s at risk if the project fails to be completed.
Bridge financing is normally niche specific short term loans that are just as they sound. They bridge the gap between one loan and another. For example you already have a take-out loan in place once a project or build is completed but you need the funds to complete the project or the build. The bridge loan lender steps in to provide short term financing (months not years) to fill the gap. Not uncommon for the rate on these to be 10% or 20% of the loan amount with a term of 6 months or less.
Loan note buyers are typically specific to real estate or business sale notes where real estate is part of the business purchase. Much like recurring payment loans the holder of the note can elect to sell a stream of the payments or discount the note and sell the whole thing for cash.
How does this work?
1
Take the scan (See where you stand from the lender’s perspective)
2
Prequalify (this lets you know which funding programs(s) you can apply to)
3
Pre-App Audit (Our funding expert will evaluate your biz to help position you for best terms)
4
Apply (easy and painless)
5
Access OPM (get the funding you deserve in as little as 24 hours)
