Are you at a crossroad in your life? ﷯A victim of corporate downsizing? A desire to be your own boss? You're tired of working for the "MAN," you want to be a business owner! CONGRATULATIONS! You're visiting this site because you are exploring business ownership; maybe you are considering a franchise, a business opportunity or an independent opportunity, whatever the reason may be, we are glad you are here and we look forward to the opportunity to serve you and help you explore your funding options. What Are My Funding Options? Personal Cash Funding ﷯When exploring business funding and you ask successful business owners, it is usually recommended that you "preserve" your own cash (for emergency needs) and use someone else's money to invest in a business.
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Borrowing From Friends & Family ﷯When borrowing from friends and family, it changes the dynamics of the relationship and now you become a debtor to your friend(s) and family. Ask someone who has been the recipient and the lender, if they would recommend it. Local Bank/Credit Union ﷯Do you have a longstanding, positive relationship with a local bank? This may be an option but don't get discouraged if you get rejected. Rather than working with one (local) bank, we have resources for multiple lending sources, so give us a call to assist you with your funding needs. Caution: Too many inquiries on your credit report can prevent you from qualifying for a loan for six months until those inquiries can be removed from your report. Retirement Funds ﷯Today, your 401K/IRA money is invested in one or more companies. You have the opportunity and right to roll over your retirement money and invest it into "your company" by buying stock in your new company, tax-deferred, penalty-free, and potentially start your company debt-free. Secure funding FAST – typically 3-4 weeks Gain business equity and improved cash flow position from start Accelerate business profitability by managing the amount of debt your new business takes on Set aside tax deductible retirement savings, up to $56,500 per year Tax deferred Exit Strategy Program when it comes time to sell your business Optimize business equity and value Unsecured Line of Credit ($25K-$100K) ﷯Do you need access to cash to get your venture up and running? We can help your business succeed by obtaining revolving business credit lines on your business’s behalf. These lines are Unsecured Revolving Business Credit Accounts that for the most part do not report to your personal credit. Funding ranges between $25K-$100K with a pre-approval amount within 24 hours and funding, normally within 3-5 weeks. No cash infusion requirements No collateral requirements No pre-payment penalties Minimum FICO scores of 700 or better No recent or major derogatory items At least 5 years of credit history is preferred Check your scores at www.creditchecktotal.com SBA Loan ($75K-$5M) ﷯Government backed loans designed specifically for small businesses to help get their venture up and running quickly. We understand the qualifications needed to obtain SBA backed funding in this current economy. Personal Cash injection of 20%-30% Collateral (up to 100% of loan amount) Credit scores (680+) Repayment ability Industry experience (2-5 years) Business Plan So what's the right option for me? Each funding option has its benefits. Knowing which option is best suited for you and your business is our specialty. We help businesses get funding using a variety of options and we'd love to discuss it with you further.
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