COMPARE LOAN PRODUCTS
Ranges of Factor & Interest Rates
Benefits & Drawbacks
Required Documents

CASH FLOW LOAN

Credit Score
500+
Time in Business
3 months +
Monthly Revenue
$4000 +
Loan Amount
$1k - $350k
1.06 - 1.7

Benefits: Perfect credit not required.

Drawbacks: Higher cost, Automatic payment.

1 year tax return

4 months bank statements

4 months credit card processing statements.

BUSINESS CREDIT CARD

Credit Score
680+
Time in Business
Any
Monthly Revenue
Any
Loan Amount
$500 - $50K
0% - 30%

Benefits: 0% intro APR's, Spending Rewards.

Drawbacks: Variable rate, Possible annual fee.

3 years tax returns.

4 months bank statements.

4 months credit card processing statements.

LINE OF CREDIT

Credit Score
650+
Time in Business
2 years+
Monthly Revenue
$5000 +
Loan Amount
$2K - $150K
8% - 25%

Benefits: Only pay interest on funds drawn, Credit is available when you need it, It is suitable for the majority of business needs.

Drawbacks: May require collateral in some cases, Higher interest rates if you have a low credit score, There is a personal guarantee.

3 years personal tax returns

TERM LOAN

Credit Score
500+
Time in Business
12 months +
Monthly Revenue
$20,000+
Loan Amount
$10K - $750K
7% - 30%

Benefits: Loans are approved quickly, No collateral may be needed, Little paperwork, Lower rate.

Drawbacks: Excellent personal credit is required, Shorter repayment term than bank loans.

1 year tax return

6 months business bank statements

4 months credit card processing statements

Year-to-date Financials (P&L and BS)

MERCHANT CASH ADVANCE

Credit Score
500+
Time in Business
3 months +
Monthly Revenue
$4000 +
Loan Amount
$5K - $200K
18% - 40%

Benefits: Short time to funding, No collateral required, Repayment adjusts to how well business is doing.

Drawbacks: Higher cost depending on qualifications, Revenue and sales history required.

3 years tax returns.

4 months bank statements.

4 months credit card processing statements.

FACTORING

Credit Score
550+
Time in Business
Any
Monthly Revenue
$10,000+
Loan Amount
$2K+
10% - 25%

Benefits: Perfect credit not required.

Drawbacks: Customer may rather deal directly with business, Depending on the situation can be a higher cost.

Invoice

AR Aging Report

P&L

BS

One (1) year tax return (most recent)

Six (6) months Bank Statements

SMALL SBA

Credit Score
Any
Time in Business
12 months +
Monthly Revenue
$20,000+
Loan Amount
$1K - $100K
7% - 15%

Benefits: Low APR, Fixed or variable rate.

Drawbacks: Longer application process, Require a personal guarantee or collateral.

2 years tax returns

personal financial statement

year-to-date financials

and FICO score.

EQUIPMENT

Credit Score
500+
Time in Business
Any
Monthly Revenue
Any
Loan Amount
$20K - $1M
8% - 25%

Benefits: Lowest interest rate to buy equipment, Tax deductible and depreciation benefit, Own the equipment outright.

Drawbacks: Equipment with loan can become outdated, Higher downpayment than lease.

2 years tax returns (only if request is over $75

000)

3 months business bank statements

Invoice or Quote for equipment to be financed

LARGE SBA

Credit Score
Any
Time in Business
12 months +
Monthly Revenue
$20,000+
Loan Amount
$200K+
< 10%

Benefits: Lowest interest rates of all types, Longer terms, Can borrower larger amountSeeking.

Drawbacks: Application is time consuming, Long time to approval and funding, Down payment required.

3 years tax returns

personal financial statement

year-to-date financials

and FICO score.

COMMERCIAL REAL ESTATE

Credit Score
650+
Time in Business
Any
Monthly Revenue
Any
Loan Amount
$150K+
4% - 8%

Benefits: Low APR, Earn equity on property, Built in collateral.

Drawbacks: Must include plans to build a structure, Longer application process.

Borrower Resume(s)

Personal Financial Statement (PFS)

Personal Tax Return(s)

Business Licenses

Corporate/Partnership/LLC/or Sole Proprietorship Docs

History of Business/Business Plan

Accounts Payable Aging Schedule

Accounts Receivable Aging Schedule

Business Federal Tax Return(s)

Business Financial Statement(s)

Interim Balance Sheet (Partial Year)

Interim Income Statement (Partial Year)

Notes Payable Schedule

Projections

Rent Roll (Investment or Multi-Family Commercial Real Estate)
Appraisal(s)

Environmental Site Assessment(s)

Site Visit / Pictures

Survey(s)

Title Policies