Approved Amount

• Loan amounts typically range from $10,000 to $5,000,000, depending on the business’s needs.

• The approved amount is tailored based on factors such as business revenue, credit history, and financial stability.

• Larger loan amounts are available for businesses with strong financial performance and proven cash flow.

• The loan amount is also influenced by the purpose of the loan (e.g., inventory, equipment, working capital).

Short-Term Loan

A Short Term Loan provides businesses with quick access to capital, typically as a lump sum. The loan is repaid through structured, frequent payments, making it ideal for businesses with fluctuating cash flow. It is especially beneficial for companies needing fast funding without relying on traditional credit checks. Designed for short-term financial challenges, it helps with urgent needs like inventory restocking or equipment purchases. This financing solution ensures businesses can maintain operational efficiency while addressing immediate cash flow gaps.

Working Capital Terms

• The Working Capital is repaid through a percentage of business sales.

• The repayment period is flexible, typically up to 24 months, depending on the sales volume

• No collateral is required for a Short Term Loan, making it a faster and easier funding option.

• The approval process is simple and fast, with minimal documentation required, often based on the business’s financial performance.

Interest Rates

• Interest Rates for Short Term Loans typically range from 6% to 36%, based on the business's financial profile.

• Fixed Rates: The interest rate remains fixed throughout the loan term, providing stability in repayment amounts.

• Credit Score Impact: Businesses with a higher credit score may qualify for lower interest rates.

• Loan Amount: Larger loan amounts may qualify for more favorable rates.

• Loan Term: Although the repayment period is generally up to 24 months, the fixed rate helps businesses manage predictable payments.

• Fixed Payments: Repayments are made through fixed, regular payments (monthly or weekly), offering consistency.

• Repayment Term: Typically ranges from 6 months to 24 months, depending on the loan amount and business needs.

• Predictable Payments: With fixed interest rates, businesses can plan their cash flow with predictable repayment amounts.

• Early Repayment: There are no penalties for early repayment, and we even offer a discount for paying off the loan ahead of schedule.

Repayment

Eligibility

• Working Capital: To cover day-to-day operational expenses and manage cash flow gaps.

• Inventory Purchases: To stock up on inventory or raw materials for business operations.

• Equipment Financing: To purchase or upgrade equipment, machinery, or technology.

• Business Expansion: To support growth initiatives, such as opening new locations or launching new products.

• Debt Consolidation: To consolidate higher-interest debt into a single, more manageable payment.

• Marketing and Advertising: To fund marketing campaigns, ads, and promotional efforts to attract more customers.

• Emergency Expenses: To cover unexpected costs, such as urgent repairs or unforeseen operational needs.

How Working Capital Can be used for

• Business Duration: Your business should have been operating for at least 6 months to 1 year.

• Credit Score: A credit score of 500 or more is required, though businesses with higher scores may qualify for better rates.

• Monthly Revenue: A consistent monthly revenue, usually at least $10,000 to $15,000 in sales.

• No Collateral: No collateral is required, making it a more accessible option for businesses without assets to pledge.