Unsecured No Doc BusinessFunding
Collection of Business Credit Cards up to $150,000
Unsecured-no collateral, No income necessary. No interest for up to 12 to 24 months
(we’ve gotten some up to 18 months just lately.) , Balances don't show on personal
credit report does build your business credit. It generally takes 7 to 10 days to get spendable funds for all revolving lines of credit. Possible to get cash out and still have it part of the interest-free period!
Requires: an excellent credit report (720 or higher) and showing at least two personal
credit card accounts that are 4 years of age or older (the higher the limits and lower
the balances, the better). All balances should be below 30% of capacity (adjustment
during process is okay.)
To get our projection of likely funding amount, we need the Short Application, a
fresh Credit Report from you, or a business credit partner of yours,
It doesn’t even have to be your own credit report!
BUSINESS TERM LOANS
Personal Term Loan up to $400,000
Unsecured-no collateral, Requires Proof of regular personal monthly income of
$5,000 (gross) or more necessary (Pay-stubs, etc.). Being a W-2 employee of your
own company can work). You’ve had the same residence & employment for 12
months, or more. Loan Interest range 6% to 13%, and you know it’s been going up
lately. Balances will show on personal credit report.
It takes 4 to 7 DAYS to get spendable funds, all CASH direct deposit to your checking
account.
Requires: a “very good“ credit report 700 or higher, several personal credit card
accounts 4 years or older are helpful, the higher the limits and lower the balances
the better, but not as crucial as it is with the business credit cards. To get our projection of likely funding amount, we need the Short Application , a fresh Personal Report from you, AND INCLUDE the latest 30-days’ worth of personal employment Pay-Stubs or the equivalent from the same credit report individual.
{To maximize results, 1. & 2. Can be done at the same time. We will provide
projections on both, ahead of funding.
UNSECURED CREDIT CARD FUNDING, LINES & LOANS
There are many variations of funding. Once you submit your application, we can see what you qualify for. Every lender has its own special set of rules, regulations, and processes.
FAQS
How much can I borrow?
The loan amount varies by lender and state regulations but typically ranges from $5,000 to $10,000,000. Many lenders offer smaller sums like $5,000 or $20,000 for first-time borrowers or those with limited income and business credit.
What do I need to qualify for a loan?
While requirements can vary, most lenders require at least 6 months in operation; traditional banks may require 2+ years.
How long does it take?
Depending on the type of loan, it could take anywhere from 48 hours to 30 days