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Business Financial Alternatives
Business Financial Alternatives
Business Financial Alternatives
Business Financial Alternatives
Business Financial Alternatives
Business Financial Alternatives
Business Financial Alternatives
Business Financial Alternatives
Business Financial Alternatives
Business Financial Alternatives
Business Financial Alternatives
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Business Financial Alternatives

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Providing SMB's with Alternative Access Capital

Providing SMB's with Alternative Access Capital

Published in: Business, Economy & Finance
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  • 1. Business Funding AlternativesBusiness Funding Alternatives (BFA) – Info Modules(BFA) – Info Modules
  • 2. Small Businesses NeedSmall Businesses Need Access to CapitalAccess to Capital • Big national banks approving only 15.9% of loan requests • Small local banks approving 50.3% of loan requests • Reduction in home prices have reduced the ability of small business owners to raise capital through HELOCs • Small business owners need a Business Funding Alternative. • The BFA story • Millions of small businesses • Unlimited opportunities 2
  • 3. 3 Flash!!Flash!! •GE Capital No Longer Providing Capital to Gun Stores! (Bank of America and Wells Fargo stopped a few years ago) Wall Street Journal Online April 24, 2013
  • 4. 4 Why They Should Work With USWhy They Should Work With US • No Money Up-Front • No paperwork unless deal looks fundable • A wide variety of products to meet their needs • Approval and funding in days, not weeks
  • 5. 5 BFA Solutions forBFA Solutions for Small BusinessSmall Business Credit Card Cash Advances  Based on last 3 months credit card activity  Need last 3 months statements  Payments automatically paid by splitting the credit card transactions Bank Balance Cash Advances • Based on Average Daily Balance • Need 3-12 months of bank statements • Payment made daily via an ACH Transaction • Payment determined by factor rate and term
  • 6. 6 BFA SolutionsBFA Solutions (continued)(continued) Credit Card Processing – Our USP  We can often get their credit card transactions into their bank account in 1 day, versus the typical 2-3 days.  We can usually meet or beat their current processor’s price.  We have a wide variety of other funding products that we can provide to them.  We can do credit card splits (where they take a portion of their credit card receipts to pay for a cash advance) with all the Cash Advance companies.  In most cases they don’t need to change equipment.  It takes just a few minutes to switch over.  Ask if we can quote them and get 3 months credit card statements
  • 7. 7 BFA SolutionsBFA Solutions (continued)(continued) Business Lines of Credit  Credit score driven (700+)  Can use co-applicant to bolster credit score  $5,000 to $150,000  Fund about $60,000 per applicant
  • 8. 8 BFA SolutionsBFA Solutions (continued)(continued) Small Business Loan  An Actual Loan  Bank balance and cash flow driven  $5,000 to $150,000  3 to 18 month terms  500+ credit score
  • 9. 9 BFA SolutionsBFA Solutions (continued)(continued) Factoring Non-Notification Factoring (this could be huge)  Client gets a percentage of their invoice  Factoring company collects the full amount from client’s customer  Can be a steady source of recurring revenue Medical Factoring  Speeds up cash flow from Medicare, Medicaid and insurance companies
  • 10. 10 BFA SolutionsBFA Solutions (continued)(continued) SBA Loans Multi-Family Financing Standard Commercial Real Estate Financing
  • 11. 11 Questions?Questions? Michael Crawley - MBA, PMPMichael Crawley - MBA, PMP Mike.L.Crawley@gmail.comMike.L.Crawley@gmail.com

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