This program provides business owners with funding options including unsecured business credit lines ranging from $50,000 to $250,000 and business credit cards. Fees are 8% of the first $150,000 and 7% of amounts over $150,000 of approved funding. Interest rates are prime plus 2-6%. To qualify, businesses must have $350,000 annual revenue, be in business for 2+ years, and owners must have at least 20% stake, 600+ credit score, and no bankruptcies in the last 5 years. This program aims to help businesses access working capital through competitive credit lines and cards while building business credit history.
Small Business Administration (SBA) Financing OptionsGuy-Daniel Boni
SBA financing is designed to provide small businesses with access to credit structures and terms that may be more flexible than conventional lending options. Blitt Capital is here to help Entrepreneurs match their financing needs with the appropriate SBA lending program.
A guide on business term loans and business loan termsMerchant Advisors
Need a term loan? Here is everything you need to know about business term loans and the most common business loan repayment terms. For more information, visit at https://www.onlinecheck.com/blog/business-loans/business-term-loans/
Small Business Administration (SBA) Financing OptionsGuy-Daniel Boni
SBA financing is designed to provide small businesses with access to credit structures and terms that may be more flexible than conventional lending options. Blitt Capital is here to help Entrepreneurs match their financing needs with the appropriate SBA lending program.
A guide on business term loans and business loan termsMerchant Advisors
Need a term loan? Here is everything you need to know about business term loans and the most common business loan repayment terms. For more information, visit at https://www.onlinecheck.com/blog/business-loans/business-term-loans/
This presentation gives us an idea about how to read an CIBIL Report, Credit Score meanings, what are the different ways by which the score is determined which is very rare to know in any other PPT that you come across. Hope this helps all. thanks
A general overview of the newly expanded guidelines for SBA financing that the current administration now offers. Learn how to qualify your business for SBA government guaranteed financing.
WFS Consultants.Invitation to consider our participation and funding options ...WFS Consultants
An Invitation to Consider our Participation and Funding Options at Startups.co.
Referrals Compensated.
Role(s):
Investor
Service Provider
Startup
Contact WFS.
Professional Advisors Alliance; PAA believes that working with firms in a true strategic partnership offers the best model for success. So we work with you on a consultative basic to help you make the right choices for your practices. If you are a CPA or Lawyer, together we can make a difference. For a free, no-obligation Firm Assessment, contact me today.
Financial Statement Analysis - Reading the Numbers Correctly, 2014 CreditScape, Western Region Credit Conference Seminar Slide Deck, sponsored by Credit Management Association. More information: www.creditmanagementassociation.org
Traditional financial institutions don’t lend easily which is why a financial business that is willing to offer all the financial support to help build a business is important. In order to maintain the business and expand as well as capitalize on any opportunities that will help to gain good profit, steady cash flow is necessary.
General Application that we required to process all business line of credit application.
www.businessandfunding.com
info@businessandfunding.com
*only 1 page, not sure why it show up as four here*
This presentation gives us an idea about how to read an CIBIL Report, Credit Score meanings, what are the different ways by which the score is determined which is very rare to know in any other PPT that you come across. Hope this helps all. thanks
A general overview of the newly expanded guidelines for SBA financing that the current administration now offers. Learn how to qualify your business for SBA government guaranteed financing.
WFS Consultants.Invitation to consider our participation and funding options ...WFS Consultants
An Invitation to Consider our Participation and Funding Options at Startups.co.
Referrals Compensated.
Role(s):
Investor
Service Provider
Startup
Contact WFS.
Professional Advisors Alliance; PAA believes that working with firms in a true strategic partnership offers the best model for success. So we work with you on a consultative basic to help you make the right choices for your practices. If you are a CPA or Lawyer, together we can make a difference. For a free, no-obligation Firm Assessment, contact me today.
Financial Statement Analysis - Reading the Numbers Correctly, 2014 CreditScape, Western Region Credit Conference Seminar Slide Deck, sponsored by Credit Management Association. More information: www.creditmanagementassociation.org
Traditional financial institutions don’t lend easily which is why a financial business that is willing to offer all the financial support to help build a business is important. In order to maintain the business and expand as well as capitalize on any opportunities that will help to gain good profit, steady cash flow is necessary.
General Application that we required to process all business line of credit application.
www.businessandfunding.com
info@businessandfunding.com
*only 1 page, not sure why it show up as four here*
Louisiana Small Business Loans – Get Approved For Small Business Financing dhamza
Are you looking for a loan for your commercial vehicle? If yes, then you should consider applying for commercial vehicle financing. The process of obtaining business loans for vehicles is quite simple. However, there are certain factors that you need to keep in mind while applying for a commercial vehicle loan.
If you are planning to buy a new commercial vehicle, then you should apply for commercial vehicle financing before buying the vehicle. It is because the finance company will give you a better rate of interest if you apply for a commercial vehicle loan before purchasing the vehicle.
The Basics of Accounts Receivable Financing: What You Need to KnowM1xchange
Are you a business owner looking to optimize your cash flow and unlock the potential of your accounts receivable? Accounts receivable financing might just be the solution you need. In this comprehensive guide, we'll delve into the basics of accounts receivable financing, exploring its benefits, how it works, and important considerations. Whether you're a small business owner or an experienced entrepreneur, understanding this financial tool can give your business the boost it needs.
7 small business lenders report to credit bureaus in 2019Merchant Advisors
Wondering where your credit score comes from? Here is a list of seven business lenders that report your borrowing habits to business credit bureaus in 2019. For more information, visit at https://www.onlinecheck.com/blog/business-loans/report-to-credit-bureaus/
Small business loans you can qualify for with bad credit scoreMerchant Advisors
Business loans can be challenging to secure if you have bad credit. Here are a few financing options to get small business loans with bad credit. For more information, visit at https://www.onlinecheck.com/blog/business-loans/business-loans-for-bad-credit/
RapidAdvance provides business owners with an innovative unsecured financing solution based off of your future credit card receivables. Our merchant cash advance program converts your future Visa, MasterCard, Discover, and AMEX receivables into immediate capital. Repayments are based on a fixed percentage of your future credit card receivables. Payments are automatically applied to your remaining balance until the balance is satisfied.
Approaching Your BankerTips1. Keep in mind tha.docxrossskuddershamus
Approaching Your Banker
Tips
1. Keep in mind that to stay in business banks need to make loans.
Do not be afraid to ask for one. That is what the Commercial Account Manager wants you to do. To increase your chances of getting a loan, look for a bank that is familiar with your industry and who has done business with companies like yours. Seek out banks that are active in small business financing. Some banks lend on a conventional basis (lending money without government support), while some banks participate in government programs (in the form of government participations involving direct government funds or loan guarantees). However, be aware that banks often demand stiff collateral requirements for start-ups.
2. As an entrepreneur, make sure that you are thoroughly prepared when you go to your banker's office to request a loan.
You need to show your bankers that a loan to you is a low-risk proposition. Have on hand a completed Business PlanManagementMarketsMaterialsMoney Copies of cash flow (12Mth) Financial statement projections (3-4yrs)
3. Learn to anticipate every question that he or she has. Remember, the combination of information and preparation is the most powerful negotiating tool in the world. A confident and thoroughly prepared borrower is four times more likely to have his or her loan approved than a borrower who does not know the answer to some of the basic questions a banker asks. To show the extent of your preparedness, your business plan should also include answers to your banker's questions.
These questions normally are:
How much money do you need? Be as exact as possible; although adding a little extra for contingencies will not hurt. How long do you need it for? Be prepared to go into detail about what the money will do for you and why your business is a good risk. What are you going to use it for? Businesses use loans for three things: to buy new assets, pay off old debts, or pay for operating expenses. When and how you will repay for it? Your cash flow projections should provide a repayment time frame. Convince the banker of the long-term profitability of your business and your ability to repay the loan by using your financial projections and business plan. What will you do if you do not get the loan? Is your request Safe and Sound.
4. Do not take an apologetic and negative attitude. Keep your negativity in check. Present yourself as an entrepreneur who can and will repay the loan. Boost your image by providing your Commercial Account Manager with any promotional materials about your business, such as brochures, ads, articles, press releases, etc.
5. Dress in a professional manner for the interview. This is a business transaction, so treat it as such.
6. Do not stretch the truth in your loan application. Broad, unsubstantiated statements should be avoided. The lender can easily check many of the facts on your application. If you cannot support statements with solid data, then don't make them.
PRO Banking offers a range of banking solutions to suit your needs.Choose PRO Banking for Personal Loans,Investments,Insurance and much morePro Banking UAE is an individual bank in the computerized age that assumes a serious part in the public eye with commitment.The computerized age assists us with carrying banking nearer and nearer to our clients and their requirements.As a bank, we base on inclusivity, sensibility, social business, improvement & regular banking to say the least
The Benefits and Drawbacks of Accounts Receivable Financing for Small BusinessesM1xchange
Accounts receivable financing can be a great option for small businesses looking to improve their cash flow and access funding quickly. By using unpaid invoices as collateral, businesses can obtain financing without having to wait for their customers to pay their outstanding invoices. However, like any financing option, accounts receivable financing has its pros and cons. In this blog post, we'll take a closer look at the benefits and drawbacks of accounts receivable financing for small businesses.
Understanding Invoice Discounting: A Complete Guide for BusinessesM1xchange
Invoice discounting is a popular financing option for businesses looking to improve their cash flow. It involves using unpaid invoices as collateral to obtain funding from a lender. This allows businesses to access cash quickly, without having to wait for customers to pay their outstanding invoices. In this blog post, we'll take a closer look at invoice discounting, how it works, and the benefits it offers to businesses.
What is Line of Credit for Business? How to Apply?Heather Johnson
Looking for flexible financing? Learn how to apply for a business line of credit: research lenders, gather documents, and submit your application. Access funds as needed once approved.
What all financing options are available for SMEs In India.pptxM1xchange
Small and medium-sized businesses have a huge impact on the UK economy, representing 99% of all private sector businesses and contributing over half of the country's GDP. However, there are still many challenges for these companies in terms of accessing finance.
In this article we'll look at different financing options available for SMEs and how they can get access to the cash they need to grow their business.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how can I sell pi coins after successfully completing KYC
Unsecured Loan Requirement Guidelines
1. Enterprise Program
FUNDING
• $50,000 -$250,000 in unsecured credit lines (business checking)
• Our Unsecured Business Finance Program (Business Credit Cards) is an option for clients who do
not qualify for Business Lines of Credit.
• Includes automatic qualification for equipment financing; subject to leasing program eligibility
requirements
COSTS / FEES
• $0 to start the program –No application fees -NO RISK! Following preliminary underwriting
approval, we require a $3,000 advance on your fee which is 100% refundable.
• Client pays 8% of all approved funding up to the first $150,000 and 7% on funding above
$150,000; fees can be paid from new funding obtained.
APR ON FUNDING
• Prime rate + 2 – 6%; Rates vary based on market changes, industry code, state of incorporation,
credit profile, etc.
OWNER / BUSINESS REQUIREMENTS
OWNER: At least one owner meeting all of the following requirements:
• 600 + FICO Score (True Credit Score > 700) Enrollment in True Credit during application review
and funding period is required.
• 20% ownership in the corporation applying for credit; all owners with at least 20% ownership
must provide an application.
• No derogatory credit marks in the past 12 months*
• No judgments or liens in unpaid status*
• No bankruptcies in past 5 years* (for clients residing in DE, MD, NJ, NY, PA, FL, VA, CT, NH, MA,
RI, IL, IN, KY, MI, MO, OH, WI, WV and Wash DC). No bankruptcies at all in other states.
• Owner must maintain a clean profile through the program. This includes avoiding mortgage
changes and additional car loans.
*Assistance with credit repair is available through a 3rd party provider
BUSINESS:
Page 1 of 10 (Brenda Lee - BLee@Cprofit.com, 626 606 1129)
2. • Annual gross revenue must be $350,000 on prior year tax return; interim financials are helpful in
establishing increased sales but cannot be used as a substitute for meeting this requirement.
• Two or more years time in business with two or more years most recent business tax returns.
Interim financials are helpful in identifying upward sales trends and profit trends but cannot be
used as a substitute for tax returns, which have been filed.
• Clean business history with no judgments or unpaid (late or behind in payments) loans.
KEY FEATURES & BENEFITS
Compound Profit specializes in helping our clients get the funding they need. Our
funders have helped thousands of companies achieve their funding objectives. From
personal to business credit improvement and from loans to lines of credit and even
government backed SBA loans, our clients depend on our expertise and associations
with numerous lenders, to get funding fast and at the best rates. Our team constantly
tracks a wide and ever-changing range of lending guidelines, amount of funding
available per lender, regional and industry specific lenders, special offers and
promotions (such as 0% interest rates). We know who the “relationship” funders are
who are willing to work with us and our clients, especially when times get tough. This
gives us a distinct advantage over working alone.
Qualifying businesses can get large business checking lines of credit ($50 - $200k each),
exceeding funding available through our Unecured Business Finance Program (Business
Credit Card) even with multiple credit partners.
An individual business can qualify for up to $250k per funder, (subject to the funding
limits connected with either annual sales or annual gross profits). In addition,
depending on the strength of the file, up to 3 funders could approve lines up to $250k;
greatly increasing the total amount of financing that can be achieved.
Businesses can qualify for business lines of credit with an owner having a lower FICO
score than required for our Unsecured Business Finance Program (Business Credit Cards)
since the focus of the qualification and approval process is on business history,
particularly what is seen in business tax returns.
Funding can be used for any business purpose, including payroll, inventory, equipment,
and even operating capital.
Page 2 of 10 (Brenda Lee - BLee@Cprofit.com, 626 606 1129)
3. Unsecured credit lines available through this program do not require any personal
assets or personal property for collateral / security.
Typically, business credit lines require payment of interest only, on a monthly basis.
Compares favorably to fixed term loans offering no flexibility in monthly payments.
Clients can deposit however much money they want to use directly in to their business
checking account at any time and only pay principal and interest on the amount of the
credit line used.
Interest rates on business lines of credit are "institutional level" rates ranging from 2 -
6% plus prime, depending on the credit and financial profile of the owner (guarantor) /
business.
Our Business Lines of Credit Program also can help improve a client’s personal credit
profile and score. Lots of business owners take on personal debt to grow their
businesses (equipment, legal, licenses, inventory, rent, payroll, etc.). A personal loan is
secured to assets, in many cases, to the business owner’s personal residence. This
sounds great when the business is doing well, but becomes very scary if the economy
dips. With our funding, clients can utilize funds available in their new business checking
account to pay down business related personal debt. Again, doing this improves their
personal credit and it actually helps build their business credit profile, because business
debt is intended for business purposes and looked upon favorably by funders.
Service charges and interest expense are a tax write off, saving our clients significant
tax expense which helps cover service charges for funding. This exemplifies the primary
difference between personal and corporate funding and there are many benefits to this;
the fact that our clients can leverage this money to build their business while writing off
any interest expenses really helps justify the costs. The alternative is to use other types
of funding that are paid for with money earned after tax, which increase costs
significantly.
Having a few lines of credit instead of just one business line is a sound strategy.
Reasons include: It helps build the strength of your business credit faster and, by having
multiple lines funders are reporting under the business credit file, each funder sees that
you have credit lines with others who they compete with so they will be more likely to
work with you because they don’t want to lose your business.
Page 3 of 10 (Brenda Lee - BLee@Cprofit.com, 626 606 1129)
4. Following review and processing of your application, we compile a list of funders that
will approve a given application and which won’t. Furthermore, our team has direct
relationships with the underwriters at these funders to determine how much financing
they will offer – within a certain range. This allows us to determine which funders to
stay away from and helps minimize the number of credit inquiries to only the funders
that will approve a client for business financing. The end result is we maximize the
amount of credit we obtain for our clients and their business. This process helps us
expedite the funding process.
Clients are free to pay our fee with their new credit lines.
Fees are not due until invoicing is complete by the funder which does not occur until
each funding is complete and physically in the hands of and ready for use by our clients.
While most of our clients want to realize the benefits of using credit lines to strengthen
their business credit, for those clients who cannot qualify due to issues with their
personal credit, we can refer you to a specialist to assist with credit repair for very
reasonable fees. Fees are among the most competitive in the industry and all clients
receive a no cost, no obligation consultation. Above all, if agree upon improvement
objectives are not met, there is no charge for the service.
Fees are only 8% on the first $150k and only 7% on lines that exceed $150k; hence,
these fees represent an excellent value in relation to the total amount of funding
obtained.
Business lines of credit require no added fees for cash out or balance transfers from
personal credit cards, making these extremely cost efficient for businesses that need
access to cash.
The funding process is fast. Once you return the completed contract funding is
generally completed within 4 - 6 weeks.
Page 4 of 10 (Brenda Lee - BLee@Cprofit.com, 626 606 1129)
5. ADDITIONAL GUIDELINES:
• Credit line amount, per funder, will not exceed 10% of annual sales if cost of sales is limited to
labor (generally service only businesses).
• Credit line amount, per funder, will not exceed 10% of annual gross profit (sales less cost of
goods sold) if cost of goods includes labor and other materials and/or goods (generally product
manufacturing or retail / wholesale sales company).
• Revenue, ownership and time in business criteria must be met.
• Personal credit criteria must be met. Necessary credit repair should, ideally, be completed prior
to application.
• Business owner(s) must document sufficient income to service personal debt and not create risk
that a need for increased income will affect future business cash flow. A general rule is that
Income must cover $12k per adult in household and $6k per dependent, plus monthly payments
associated with personal debt. Shortfalls are deducted from business profit for analysis
purposes.
• Business has no existing debt which includes UCC filings typically associated with Accts Rec.;
Inventory; Other Lines of Credit, SBA loans, etc. Some debt may be permissible but depends on
many other factors concerning business performance and overall ability to service new debt.
Unsecured Business credit card debt is not a factor.
• Business must show enough positive cash flow and revenue to service new and existing debt. In
some cases a credit line large enough to service new debt and existing debt may be provided to
allow refinancing of existing debt (effectively removes debt with UCC filings from other lenders).
Cash flow / revenue forecasts and business plans are not considered.
• Business must be profitable in prior year and ytd.
• Business must not show decline in sales (ytd trend vs prior year); in some cases a decline in 2010
vs. 2009 may affect eligibility. Sales forecasts are not considered.
• Collateral is not required for an unsecured line of credit and therefore is not a factor.
Consideration of secured finance alternative requiring collateral is at the sole discretion of the
funder, and if proposed, can be considered provided the applicant is receptive. All unsecured
business lines of credit do involve UCC filings as described previously.
• Business must not be in restricted industry (construction, residential real estate investor,
restaurant, automotive dealership, non-profit).
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6. • Individuals seeking to acquire an existing business (meeting all requirements) should have
previous experience in the industry and ideally experience working for the firm being acquired.
APPLICATION – ADDITIONAL REQUIRED DOCUMENTS
Completed Enterprise Program application (for each owner 20% or greater)
2 years most recent personal tax returns (each owner on application) *
2 years most recent business tax returns*
Current year interim financials (income / expense statement and
balance sheet)
Articles of Incorporation identifying ownership
Organization and fictitious name statement
NOTE: Personal and business tax returns must be currently filed. Extensions for the latest year
tax returns are not acceptable and will automatically disqualify the client until the returns are
filed.
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7. Unsecured Business Finance Program
FUNDING
• $10,000 -$150,000 in unsecured credit lines (business and / or personal credit cards)
• Personal Credit Cards are an option for clients who do not qualify for Business Credit Cards
• Includes automatic qualification for equipment financing; subject to leasing program eligibility
requirements
• Program available for Canadian-based businesses and guarantors
COSTS / FEES
• $0 to start the program –NO RISK!
• Client pays 12% of all approved funding; fees can be charged to new cards if desired
APR ON FUNDING
• Business Credit Cards = 7 – 20% depending on client credit profile, banks issuing the cards and
location of the client and / or bank
BUSINESS REQUIREMENTS
• New corporations and Startups are OK (Franchises!)
GUARANTOR REQUIREMENTS
Need 1 Guarantor With:
• 680 + Vantage Score (FICO > 580)
• No late payments and / or other derogatory marks in past 6 months
• No judgments or collections in unpaid status
• No bankruptcies
• At least 1 bank card with 3 yr. history or $3k limit; if no car loan or mortgage 2 bank cards
needed
• Guarantor must maintain clean profile throughout the program (avoiding mortgage changes and
new loans during the funding process )
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8. KEY FEATURES & BENEFITS
• Compound Profit specializes in helping our clients get the funding they need. Our funders have
helped thousands of companies achieve their funding objectives. From personal to business
credit improvement and from loans to lines of credit and even government backed SBA loans,
our clients depend on our expertise and associations with numerous lenders, to get funding fast
and at the best rates. Our team constantly tracks a wide and ever-changing range of lending
guidelines, amount of funding available per lender, regional and industry specific lenders,
special offers and promotions (such as 0% interest rates). We know who the “relationship”
banks are who are willing to work with us and our clients when times get tough. This gives us a
distinct advantage over working alone.
• Available to all business entities including: sole proprietorships (not incorporated, with DBA
filed), C corps, S corps, LLC's; DBA‘s only are OK.
• Applicant does not need an existing business to qualify. Funding is available to start-up and
franchise businesses.
• Most businesses which don’t qualify for traditional loans due to poor credit, no financials or bad
years from the current economic climate, can still get up to $150,000 using their personal credit
alone. And these businesses can double or triple this funding by adding additional guarantors.
Details are available in a separate document we can provide for reference and application
processes are no different than for any applicant.
• Funding can be used for any business purpose, including payroll, inventory, equipment, and
even operating capital.
• UBF can build the strength of a client’s business credit score for future expansion such as large
cash credit lines and SBA loans.
• Unsecured credit lines available through this program do not require an assets or personal
property for collateral / security.
• Another great benefit to this type of funding is the ability to improve a client’s personal credit
profile and score. Lots of business owners take on personal debt to grow their businesses (rent,
payroll, etc.). A personal loan is secured to assets, in many cases, to the business owner’s
personal residence. This sounds great when the business is doing well, but becomes very scary
if the economy dips. With our funding, clients can transfer personal debt (balance transfers)
that requires no collateral at all. Again, doing this improves their personal credit and it actually
helps build their business credit profile, because business debt is intended for business purposes
and looked upon favorably by banks. Plus, banks issuing cards are always happy to see clients
moving balances from other banks to their bank. So transferring personal debt to business debt
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9. will strengthen both their personal and business profiles and credit ratings dramatically. So now
they have less personal debt and a strong business credit profile.
Service charges and interest expense are a tax write off, saving our clients significant tax
expense which helps cover service charges for funding. This exemplifies the primary difference
between personal and corporate funding and there are many benefits to this; the fact that our
clients can leverage this money to build their business while writing off any interest expenses
really helps justify the costs. The alternative is to use other types of funding that are paid for
with money earned after tax, which increase costs significantly.
Clients have the flexibility to make payments that are no more than the low minimum monthly
payment banks require.
• Many of our UBF program banks will offer a 0 - 3 % APR for 6 months to 1 year; significantly
lowering the cost of this capital and increasing the attractiveness of “balance transfers” from
personal credit cards.
• Having a few lines of credit instead of just one business line is a sound strategy. Reasons
include: It helps build the strength of your business credit faster and, by having multiple lines
banks are reporting under the business credit file you will be able to negotiate every 6 months
or so to lower your interest rates and increase the limits on your lines…….each bank sees that
you have credit lines with other banks who they compete with so they will be more likely to
work with you because they don’t want to lose your business to other banks.
• The funding process is fast. Once you return the completed contract funding is generally
completed within 2 – 3 weeks.
• During the creation of our client proposal, our funder compiles a list of banks that will approve a
given application and which banks won’t. Furthermore, our funder has a direct relationship with
the underwriters at these banks to determine how much funding they will offer – within a
certain range. This allows us to determine which banks to stay away from and limits the number
of credit inquiries to only the banks that will approve a client for business funding. The end
result is we maximize the amount of credit we obtain for our clients and their business. This
process helps us increase the accuracy the proposal we provide all clients and helps expedite
the funding process.
• Clients are free to pay service charges associated with funding with newly obtained credit cards.
Arrangements are made directly with our funder’s customer service department upon receiving
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10. funding from each bank. Charges are not due until invoicing is complete by the funder which
does not occur until each bank funding is complete. One funder will request an existing credit
card which may be charged for fees associated with the initial credit lines approved and which
occur before the new cards are actually received. Once new cards are received they can be used
for payment of fees.
• A “cash-out” option is available to assist with transactions that cannot be supported via credit
cards. Details are available in a separate document we can provide for reference and
arrangements can be planned with our funder at any time the client desires. Fees charged by
the funder are considerably less than prevailing fees charged by banks issuing credit cards.
• All applicants, including those with credit scores too-low-to- qualify can utilize a qualifying
“credit partner” to achieve funding goals. Credit partners can be existing owners, a friend,
spouse or family member. Again, a separate document is available to describe this simple
process, as well as procedures for eventual removal of the partner as guarantor.
• While most of our clients want to realize the benefits of using cards to strengthen their business
credit, for those clients who cannot qualify, our resources enable us to refer you to a trusted
partner who specializes in credit repair for very reasonable fees and payment terms. These
clients also have the option of selecting a credit partner. Another option is our Personal Finance
Program, which is an unsecured program for many clients. These cards can provide badly
needed funding and can, depending on the client’s credit profile, include up to 2 business credit
cards. Our fee for this service is the same and activity on these cards does report to your
personal credit. Many client’s in this situation take advantage of this very strong option and
then continue to work with to improve their personal credit to the level needed for funding in
additional business credit cards or other business funding programs we offer.
• Selected funders offer Unsecured, low interest, fixed APR term loans which can help clients
convert business credit lines (credit cards issued by our funder) in to a structured term loan.
These loans can reduce long term APRs once credit card promotional rates have expired.
Additional information is available on request.
• Compound Profit also has a direct relationship with a major and reputable credit repair firm.
They specialize in helping clients removing derogatory records which can increase credit scores.
This tool can assist most all clients in improving their personal credit scores to qualify for
funding and / or increased funding. Fees are among the most competitive in the industry and all
clients receive a no cost, no obligation consultation. Above all, if your credit improvement
objectives are not met, there is no charge for the service.
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