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 Payments are not fixed and are withdrawn daily (based on deposit amount) Monday through Friday (E.g. If a merchant does $10K, then the daily payment is $1K).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
ag29577@gmail.com for application Or Call Directly 877-570-5594 Arden