Eric Statzer - Unsecured Business Financing

Unsecured Business Financing Based On Credit

There’s No Such Thing As A “No-Doc” Unsecured Business

Loan That Does Not Require Excellent Credit

Approvals come in increments of a few thousand and you can secure up to $150,000 in total funding using these unsecured credit cards. How much your unsecured loan will be approved for is typically based on your existing credit card limits now, so the higher your existing credit limits are the more money you will secure.

Most unsecured cards in this program offer initial intro interest rates of 0% for the first 6 months. Rates typically range from 12-25% after that based on risk. There is a success based fee of 7-9% of the credit limit achieved. These fees are rolled into the balance on the card so there is no out of pocket expenses.

Sometimes It’s All About Relationships

A specialized unsecured business loan spotter will be devoted to your account who has underwriting guidelines to regional banks. Based on the make-up of your credit, the spotter will leverage their relationship on your behalf to get approvals in the Business name only, thus building your business credit score.

This is one of our most popular programs as it’s a very quick turnaround with no business financials.

Here are the guidelines:

• 700 “Type” credit
• Less than 30% of credit available in usage at time of credit pull
• Mortgage in good standing OR 3 major credit cards that have positive reporting for more than 2 years
• No Bankruptcy’s
• No Tax Liens
• No Judgements
• 411 listing
• Status of existing loans
• No Hidden Financial Problems
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Here are the benefits:

• 0% interest for 6-12 months (See below)
• 48 Hour Turnaround
• No Doc Loan
• $0 out-of-pocket
• $10,000-$150,000 in credit lines
• Service charges and interest expense can be a tax write off
• Once approved, lines dispersed within 10-14 days
• Any type of business owner can be approved including sole proprietor
• Success Fee is 7-9% and the industry standard is 20-30%. Instant saving
• Can use guarantor (partner, JV, spouse) to help to get approved if you do not have the available credit
• Each line you receive, the lender will see. Therefore you will have lenders competing for your business.
• Reports to Business Credit (Great for startups)
• Does Not Report To Personal Credit (Protects personal credit)
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• Here are the terms:

  
  
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  • 0% interest for 6-12 months
  • 5-29% thereafter depending on lending risk
  • 7% Success Based Fee
  • Nothing Out Of Pocket
  • Very Fast Approval And Funding
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  If Credit Is An Issue We Have A Solution

  If your credit is an issue, finding an unsecured business loan for your business is something you will find tough to do. However, if you’ve had credit hiccups in the past there are several other options, you will just have to secure your loan.

  Collateral to secure a business loan can come in many forms. We have a collateral based program that uses anything from properties (we’ll do a 2nd lien 65% LTV), equipment, account receivables, and business revenue.

  It’s an excellent option to unsecured business financing due to the fact your credit just needs to be above 525 and you do not have to personally guarantee anything. We will use the property such as cars, trucks, boats, kitchen equipment or cash depsoits.

  Same day approvals. Quick turnaround.

  
  

  Either Way, You Can Find An Unsecured Business

  
  Loan At Bentley Capital

  Whether the unsecured business financing program is a good fit for you, or if you have troubled credit and need to use our unsecured business loan, we offer fast funding with little paper work.

  Call 813.658.8820

  We look forward to helping you grow your business.