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BIZDOC Key Funding SolutionsA review of some of most popular and successful funding solutions in
today’s small business funding environment
BIZDOC Capital Group Contact Information: 844-BIZDOC1, [email protected]
Key funding programs:
•Term Loan
•Line of Credit (LOC)
•Asset Based Funding
BIZDOC Capital Group Contact Information: 844-BIZDOC1, [email protected]
Term Loans
Ideal for Businesses with a need to make a large single purchases, fund new marketing initiatives, acquire a business to fold into or add to current business, or refinance debt.
Funding Amounts can range from $50,000 to $500,000, rates can range from 5.99% annually to 27.99% (dependent on credit underwriting), and terms that range from 12 to 60 months. Can fund in 7 days with full client cooperation.
General Qualifying Requirements: Owner 620 or higher credit scores
1 year in business
Profitable at least 1 of last 2 years
Revenue of $150,000 per year of more
Personal Credit of Owner free and clear of major derogatory marks for past 24 months
Free and clear of liens or has existing liens that can be removed or will subordinate
BIZDOC Capital Group Contact Information: 844-BIZDOC1, [email protected]
Line of Credit (LOC)
Ideal for businesses with recurring inventory purchases or customers who pay via invoice.
Funding facilities up to $500,000, rates can range from 14.99% annually to 21.99% (dependent on credit underwriting). These are true lines of credit and borrower only pays interest on outstanding borrowed amount (no fixed repayment schedule). Can fund in 7 days with full client cooperation.
General Qualifying Requirements: Owner 620 or higher credit scores
1 year in business
Profitable at least 1 of last 2 years
Revenue of $150,000 per year of more
Personal Credit of Owner free and clear of major derogatory marks for past 24 months
Free and clear of liens or has existing liens that can be removed or will subordinate
BIZDOC Capital Group Contact Information: 844-BIZDOC1, [email protected]
Asset Based Funding
Ideal for businesses with existing (unsecured) assets and a need to raise capital.
Funding facilities typically up to 50% of quick sale market value of underlying assets. Terms can typically range from 24 to 60 months. Monthly payments 2.2% to 5.36% of borrowed amount, depending on underwriting and term of funding. Can fund in 7 days with full client cooperation.
Owner credit is not a primary driving factor in underwriting, these fundingsare typically underwritten on the value of the asset and the business cash flow to repay the loan. Lender must have clear access to first position security on assets, we may be able to work around tax liens.
BIZDOC Capital Group Contact Information: 844-BIZDOC1, [email protected]
