BUSINESS LOANS NO COLLATERAL NEEDED 5000 TO 1,000,000 FAST FINANCING

WE CURRENTLY HAVE THE FOLLOWING PROGRAMS AVAILABLE: THESE PROGRAMS DO NOT REQUIRE REAL ESTATE COLLATERAL

FUNDS AVAILABLE WITHIN 2-3 BUSINESS DAYS

 

GENERAL CONTRACTORS AND SUB-CONTRACTORS

CONSTRUCTION MATERIALS & SUPPLIES FINANCING

 

COMMERCIAL AND INDUSTRIAL PROJECTS

NO PRE-PAYMENT PENALTIES

 

TERMS AND RATES

Minimum Purchase $5,000 - Up to $1,000,000

Interest Only Payments

2% Purchase Fee Added to Repayment Amount

Pay In Full When Paid or up to 120 Days

GUIDELINES

Time in Business - 1 1/2 Year Minimum

Minimum Annual Sales - $500,000

Minimum FICO -600

No More Than 3 Overdrafts or NSF's in the last 90 Days

Minimum Ending Bank Balance of $2,500

REQUIRED DOCUMENTATION

Application

Last 3 Months of Business Bank Statements

Owners Drivers License

Project Contract

BUSINESS OWNERS

BUSINESS LINE OF CREDIT 

 

FOR BRICK & MORTAR RETAIL STORES, HOSPITALITY, MEDICAL AND DENTAL OFFICES

RESTAURANTS (INCLUDING FAST-FOOD) | BARS & TAVERNS | CATERERS | BAKERIES & CAFES | LIQUOR STORE | HOTEL | MOTELS | BED & BREAKFAST INNS | RETAIL STORES | AUTO REPAIR & SERVICE | SALON & SPAS | MEDICAL AND DENTAL OFFICES

 

TERMS AND RATES

FROM $5,000 - $175,000 FOR ONE LOCATION
UP TO $300,000 FOR TWO OR MORE LOCATIONS
6 - 14 MONTH TERMS
RATES START AT 15% 
NO PRE-PAYMENT PENALTIES (PAY OFF ANYTIME FOR INTEREST SAVINGS)
NO FEES TO KEEP THE LINE OPEN
GUIDELINES
MUST HAVE A BRICK AND MORTAR LOCATION

TIME IN BUSINESS – 1 ½ YEAR MINIMUM (SAME OWNERSHIP AND LOCATION)
MINIMUM ANNUAL SALES - $300,000
MINIMUM FICO – 600
MINIMUM BANK STATEMENT ENDING BALANCE $2,500 
UP TO 2 CASH ADVANCE POSITIONS OR SHORT TERM LOANS MUST BE PAID OFF FROM LOC FUNDS (BORROWER MUST NET 50% AFTER CASH 
ADVANCES ARE PAID OFF)
REQUIRED DOCUMENTS
APPLICATION

LAST 3 MONTHS OF BUSINESS BANKS STATEMENTS 
OWNER’S DRIVER LICENSE

 

JUST CALL OR EMAIL TO GET PRE-APPROVED!

Telephone number is (541) 515-0666

Please visit our websites: www.commercialmortgagecap.com and www.usfinance.biz

Email:  milford@commercialmortgagecap.com

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