A small business in need of working capital can borrow against their assets. A Lender will buy assets from your business and leases those assets back to your business on a rent-to-own basis for a period of nine months or twelve months. Your business retains full possession and use of those assets during the lease. At the end of the lease, ownership of the assets is transferred back to your business.
For example, if your business is a Laundromat, the lender can purchase a few of the washing machines owned by your business and lease them back to your business over time. It’s as simple as that!
How much Funding is Available
The Funding provided is determined by the value of the business in the range of $10,000 to $1,000,000.
|What Type of Assets are Accepted|
|Most new and used business assets are eligible, including machinery and office equipment.|
Business Line of Credit
A business may apply for a business line of credit secured by real estate owned by the business up to 75% CLTV, Payments are interest only which allows lending up to 300% of the businesses gross monthly revenues
Loan amounts $50,000 to $750,000
Secured By Real Estate Only
65% to 75% CLTV
To Year Term
No Pre Payment Penalty
Do I need Financial Statements or Tax Returns or a Business Plan to Qualify?
No. Unlike applying for an SBA loan at a bank or a Merchant Cash Advance, personal or business financial statements, business plans, credit card processing statements or financial projections are not required.
No Credit Check required and Negative or less than perfect credit
Retail, Medical, Green Solar, Food Services,Transportation and Business Services
Nationwide all 50 States