Theses are the business capital amounts & terms.
Up to $15,000 Same Day Funding
Approval Amount: Approximately 75% of Monthly Revenue
Repayment Amount: 1.19 – 1.69x Advanced Amount (Ex. Receive $10,000 pay back $11,900 – $16,900). 1.19- 1.29x if paid in 30 days. 1.29- 1.39x if paid in 60 days. 1.49- 1.69x if paid over full term
4 – 6 Month Term
Monday-Friday Automatic Daily Payment Withdraw (sometimes weekly)
Minimum Qualifications
Business Checking Account: Must be in the name of the “Business”, not a “Personal Account” used for business.
Must Have An EIN# For Company
Online Banking Is Setup (Linking your business bank account w/ lending provider is a must)
6 Plus Months in Business
$5,000-$15,000 Plus Monthly Sales
Owner Has 450-500 Plus FICO Score
Minimal NSFs/ Negative Days: No more than 5 NSF or negative days in any of the last 3 months.
Current Loan Consideration: If client has current capital advance, the amount stilled owed will be taken into consideration and cause a reduction in approval amount.
Business Funding $25K- $2M
Approval Amount
Rule of Thumb 1-2x of Monthly Revenue
Ex: $50,000 Mo. Revenue = $50,000-$100,000 Advance.
Repayment Amount
1.18x – 1.49x Advanced Amount
Ex: Receive $60,000 pay back $71,000-$89,500. (Repayment Discounts available If Pay Back Early)
4-24 Month Term
Automatic Daily Payment
Most all have automatic daily payments (M-F) not on
holidays. Some have weekly payments.
No Monthly Payments Options with any funders as of yet.
Minimum Requirements:
√ Business Checking Account
Must be in name of the Business, not a Personal Account used for business.
√ Online Banking Is Setup (Must link bank your business bank acct#)
√ 4+ Months in Business
√ $15,000+ Monthly Sales
√ Owner has 500+ FICO Score
√ Minimal NSFs/Negative Days
(No more than 5 NSF or negative days in any of last 3 months.)
√ Current Loan Consideration
If client has current capital advance, the amount
still owed will be taken into consideration and
cause a reduction in approval amount.
More Funds (“2nd – 4th Positions”) MAY be available
These are the business capital amounts & terms required to apply.
Like to see if you qualify? Go right ahead, it’s free online bankbreezy.com/102355746
Thank you so much for your time and I wish you much success,
Derrick M.
Business Funding Specialist
P.S. Read the Disclaimer: https://sbfunding.info/disclaimer