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Business Financial Alternatives


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Providing SMB's with Alternative Access Capital

Published in: Business, Economy & Finance
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Business Financial Alternatives

  1. 1. Business Funding AlternativesBusiness Funding Alternatives (BFA) – Info Modules(BFA) – Info Modules
  2. 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. 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. 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. 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. 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. 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. 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. 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. 10 BFA SolutionsBFA Solutions (continued)(continued) SBA Loans Multi-Family Financing Standard Commercial Real Estate Financing
  11. 11. 11 Questions?Questions? Michael Crawley - MBA, PMPMichael Crawley - MBA, PMP