Business/Commercial Loans

[Arden Gist]

PRODUCT: Unsecured Bridge ACH Product up to 900K 
ITEMS REQUIRED FOR SUBMISSION: 3 months most recent bank statements and a signed application
MAXIMUM NSF PER MONTH: 5 days in a month
MINIMUM DEPOSIT PER MONTH: 6-8 deposits
MINIMUM GROSS DEPOSITS PER MONTH: $20K per month
CREDIT PROFILE: 500 FICO+ Open Bankruptcies are fine if debt obligations and arrangement are being met.
ADVANCE FACILITY: No minimum or Max Amount. Approval amount is 15-20 percent on (3 months average deposit) to start in first round and up to 50 percent in later rounds of financing.
RATE: 1.40 for bridge ACH product (lower rate for premier clients without sacrificing commission)
TERM: 3-5 Months
MINIMUM TIME IN BUSINESS: 3 months.
PAYMENT STRUCTURE: ACH daily remittance-8 to 10 percent holdback of daily deposits. Payments are not fixed and are withdrawn daily (based on deposit amount) Monday through Friday (E.g. If a merchant does $10K, then the daily payment is $1K). Any weekend deposits will result in that remittance collected along with Monday’s deductions or Fixed Daily Payment

[e-mail] for application
Or Call Directly 877-570-5594 Arden