Small Business Loans
Comparing Your Small Business Loan Options
Wize Wealth Management has been helping small business owners secure small business loans for more than a decade. We offer a variety of programs that help existing business owners grow their business. We work with all industry types and sizes, as well as have options for all FICO score levels. We have custom tailored business loan solutions for those individuals that have bad credit for reasons such as tax liens, bankruptcy, or late payments and charge-offs. We also offer low rate business loans for those individuals that have excellent credit and for one particular reason or another cannot acquire a loan from a bank. Below you can explore the various business funding options available through Wize Wealth Management.
NEED A SELF EMPLOYED MORTGAGE OR BUSINESS LOAN?
Look No Further!
Our program approves you based on your business’s gross revenue, not just the profit.
UNSECURED WORKING CAPITAL
Unsecured working capital isn’t technically a loan, but rather a cash advance that is paid back by withdrawing a percentage of your credit sales. typically on a daily basis.
BENEFITS
- Fully customizable based on business need
- No compounding interest
- Funds can be used for any use
- Pay-back based on the sales of the business
QUALIFICATIONS
- 3 months in business
- $60,000 in annual gross sales
- No minimum FICO
LOAN AMOUNTS: $10,000-$5 Million
TERMS: Flexible Terms
FUNDING: Same Day
ACCOUNTS RECEIVABLE FINANCING
Accounts receivable financing is when a company will sell or finance off their outstanding invoices for working capital. It can either be in the form of selling the asset to the lender or using the accounts receivable (invoices) as collateral for the loan.
*Special Program available to doctors and medical professionals based on insurance receivables
BENEFITS
- Typically lower interest rates
- Doesn’t require other collateral
Ability to factor new AR as they become available - Saves time for collecting your receivables
- Opens up cashflow
QUALIFICATIONS
- No minimum FICO score
- Aging report required
- $500,000 annual gross sales
LOAN AMOUNTS: $50,000-$5 Million
TERMS: 6 Months – 10 Years
FUNDING: 1 – 5 Days
BUSINESS LINE OF CREDIT
A business line of credit provides flexibility for the business owner. Rather than a fixed amount issued at one time, funds can be accessed as needs arise. Funds are made available again, as the balance is paid down.
BENEFITS
- Only pay interest on the funds
drawn - Credit available as needed
- Draw as many times as you need
- Fast approvals
QUALIFICATIONS
- 3 months in business
- $60,000 in annual gross sales
- No minimum FICO
LOAN AMOUNTS: $10,000-$5 Million
TERMS: Flexible Terms
FUNDING: Same Day
EQUIPMENT FINANCING
Businesses utilize equipment financing to
purchase business-related equipment. Obtaining these assets can be through equipment leasing or equipment financing, which doesn’t require businesses to pay out of pocket large amounts of cash. Ultimately freeing up working capital within the business. Equipment Financing is based on the value of equipment and the business’s affordability
BENEFITS
- Monthly payments
- Multi-year
- Longer terms
- Low or NO down payment
- Tax benefits (section179)
QUALIFICATIONS
- No minimum time in business
- 580+FICO score
- No minimum in annual gross revenue
LOAN AMOUNTS: $10,000-$5 Million
TERMS: 1 – 5 Years
FUNDING: 1 – 5 Days
TERM LOAN
Similar to traditional bank style financing. A Term Loan is a set amount that a borrower pays back at a fixed amount. The common uses for these types of loans are business expansion, working capital, and equipment purchases.
BENEFITS
- Traditional APR
- No prepayment penalties
- Monthly payments
- Rates starting at 7.99%
- Funding 1-3 days
QUALIFICATIONS
- 2 years time in business
- No bank liens or foreclosures in the
last 3 years - 660+ FICO
LOAN AMOUNTS: $25,000-$2 Million
TERMS: 1 – 5 Years
FUNDING: 1 – 3 Days
