SMALL BUSINESS FINANCING

SBA LOANS

An SBA Loan is generally used for business start-ups and to meet various short and long-term needs of existing businesses, such as equipment purchase, working capital, leasehold improvements, inventory, or a real estate purchase. These loans range from $50,000 -$5,000,000 with monthly payments up to 25 years. An SBA Loan will take at least 45 -90 days to finalize.

Qualifications:

  • Minimum $200k/Annual Revenue

  • 2+ Years in business

  • 2 Years of business tax returns

  • 675+ FICO Required

TERM LOANS

A business term loan is a commercial loan that is repaid over a specified period of time. The repayment period of a small business term loan can range from just a few months to 4 years. Without the ability to use business term loans many businesses would have trouble expanding or managing monthly expenses. Term loans are either weekly or monthly payments up to 48  months.

Qualifications:​

  • 1+ Years in business

  • $180k/Annual Revenue

  • 585+ FICO Required

REVOLVING

LINE OF CREDIT

A revolving line of credit is a flexible method of business financing. Rather than borrowing a fixed amount of money once, a revolving line of credit gives your business the ability to borrow however much you need (up to a certain pre-approved limit), as many times as you need without having to reapply.

Qualifications:​

  • 6+ Months in business

  • $150k/Annual Revenue

  • 625+ FICO Required

maxcap solutions_small business loans

EQUIPMENT FINANCING

Equipment financing provides small business owners capital to buy or lease new or used equipment. You can finance up to 100% of the equipment's value.

The process to get an equipment loan is quick and can be used for various purchases such as office equipment, heavy-industrial equipment, printing presses and stationary machinery, construction equipment, and economy/commercial vehicles. Monthly payments over

 1  to 5 year terms .

Qualifications:​

  • 6+ Months in business

  • $150k/Annual Revenue

  • 625+ FICO Required

INVOICE FACTORING

Use an invoice factoring to receive payments immediately and get the capital you need to grow. Invoice Factoring can be used to bridge gaps between customer payments, cover labor costs, purchase materials, expand inventory, and help manage cash flow.

 

Approvals up to $350,000.

Qualifications:​

  • 6+ Months in business

  • $40,000+ in Monthly Accounts Receivables

  • 500+ FICO Required

CASH ADVANCE

A merchant cash advance, or MCA, is a type of short-term financing designed to deliver cash to small businesses quickly. An MCA is often easy to access and has an approval rate of 85%.  Up to 18 month terms with

 Daily/Weekly Payments and an opportunity to Re-Finance mid term.

Qualifications:​

  • 4+ Months in business

  • $100k Min annual revenue

  • 475+ FICO required

  • Must use online banking

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