What is a BANK ONLY LOAN? A Bank only loan program allows financing up to $150k based on average bank statement volume and/or balances with a maximum term up to 18 months for payback. Utilize funds as needed. (New program allows 'advance' financing utilizing bank statements only as well).
Standard Loan Details:
$5,000 - $150,000
2 - 18 Month Terms
A true business loan, NOT a merchant cash advance
New Program allow 'advance financing' for bank statement only deals
Minimum Criteria:
$150,000+ in Annual Revenue
6 Months in Business
$15,000 in Monthly Deposits
Allows up to 5 - 10 NSF's per a month
500+ Credit
New Program will consider all credit
Best Case Scenarios:
$500,000 - $2,000,000+ in Annual Revenue
$1,000 - $10,000+ in Average Bank Balances
Less than 3 NSF's Monthly
600+ Credit (New Program Has No credit limitations)
Funds can be used to support your business's growth without restriction. Thousands of small businesses have used our network to obtain the working capital needed to take advantage of, stabilize, and grow business opportunities. The capital you receive can be spent on any business need.
Businesses commonly use their funding to:
Provide working capital to pay bills
Purchase inventory or new equipment
Remodel or upgrade existing locations
Relocate current sites or expand
Pay taxes for your business
Advertise or run promotions
Make payroll
Develop new products
Hire or train new staff
To fill many other common business needs...
Industry Examples: Restaurants, Automotive Repair, Dentists, Optometry, Doctors, Veterinarians, Spas, Drinking Establishments, Spirit Stores, Gift/Novelty Stores, Beauty Salons, General Merchandise & Retail, Sporting Goods Stores, Hotels, Grocery Stores, Furniture Stores, Limousine Services, Jewelry Stores, Plumbing, Heating & Air Conditioning Contractors, Landscaping Services, Additional Services, Franchise Businesses, Auto Collision Shops, Medical Offices, Fitness Centers, Auto Manufacturing, Day Cares, Charter Yachts, Newspaper related industries, Gas Stations w/ Convenience Stores, Gas Stations w/ convenience store, etc.
To Apply: Contact us for a business application cs@fundingedge.com or download at link above. To streamline processing provide a completed business application, signed authorizations, Identification, Passport or Social Security Card, Business License & 6 Months Bank Statements - all pages. *If a merchant account is active we'll require 6 months merchant statements - all pages.
