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BUSINESS LOANS - UNSECURED & SECURED - LOW FICO OK - FAST FUNDING (CA)
license info:
DRE 01117664, NMLS 1825863
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• NO APPLICATION FEE
• NO UPFRONT COST
• SOFT PULL CREDIT CHECK
We work with various lenders who supply:
• Working Capital Loans
• Lines Of Credit
• Debt Consolidation Loans (Business)
• Bridge Loans
• Asset Based Loans
• Merchant Cash Advance
• Equipment Financing - see below
• Commercial Real Estate
HIGHLIGHTS:
• Loans amounts range from $50,000 up to $5,000,000
• Terms for loan pay back can be up to 3 years
QUALIFYING GUIDELINES FOR THE BEST RATE AND TERMS:
• FICO score 680+
• 2 years or more in business
• $200,000+ annual revenue ($17,000+ per month showing on the last 4 bank statements)
• 50%+ ownership percentage
TRUCKING, CONSTRUCTION, OTHER CONTRACTOR COMPANY LOANS (Term Loans and Lines of Credit)
Qualifications: 650+ FICO, 2+ years in business, $180,000 average annual revenue
EQUIPMENT FINANCING:
• FICO scores min 660
• 2 years or more in business
• This financing allows up to 5 years term
• Truck financing requires the vehicle to be less than 5 yrs old
• Medical equipment (we can use the medical license as time in business)
For an equipment financing loan request, you'll supply the following: loan application, color copy of front and back of your Drivers License and an invoice detailing the equipment make, model and cost) Do not send us any business bank statements.
You can view the Business Loan Application on my website www.recapitalbizloans.com. Fill it out and email it to me and I'll contact you to go over your application. or, contact me and I'll take your basic information over the phone to get you a quick quote. If you choose to move forward, you’ll need to send these documents so the lender can process your loan:
• Drivers License front and back in color
• 3 most recent business bank statements
The lender will "soft pull" your credit which won't show a hard inquiry. They usually respond within 4 hours or next morning if the application is sent after noon PT.
** Make sure when you send your loan application to me that your credit account is not locked! If you don't unlock it, the application will be denied for "credit issues" and we won't know the reason why.
BUSINESS LOANS – BACKED BY REAL ESTATE– LOW FICO - CREDIT ISSUES OK
Funded By Direct Lender
Same Day Offer – Funding Within 10 Business Days
All Credit Issues Are Accepted, As The Loan Is Qualified And Based On The Real Estate Used As Collateral.
LOW FICO scores - even below 500 is ok
Past due on mortgage or in default is ok
Missed or late payments on credit are ok
Charge offs is ok
Previous bankruptcy is ok (just can’t be in active BK)
Loan Size:
Minimum $100,000 On Residential
Minimum $250,000 On Commercial
Maximum Loan $5,000,000
Term:
Up To 36 Months
The Loan Must Be Used For A Business Purpose Such As Working Capital, Inventory, Equipment Purchase, etc.
Home Based Business Is Ok
Minimum 1 Year In Business Is Required (If You Purchased An Existing Business, Guarantor’s Name Must Be Attached To The Business Name For At Least The Last 12 Month Period)
There Is Limited Income Verification. Fluctuations In Income Is Ok. There Is No Requirement To Show Minimum Monthly Business Deposits.
The Lender Does Not Require A Full Appraisal But Will Order A Walk-Thru Inspection Of The Property, Looking For Major Damage Etc.
Cheryl Gollnick
Broker/owner
RE Capital Loans
(951) 318-6420