Non Bankable Business Lending Programs
If your current credit scores are fair, good or in impeccable standing, chances are that you maybe a good candidate for a new non bankable business loan. An alternative business loan is what your business may need. An alternative business loan is used when your business situation is hard to finance or just simply your industry. Now is the time we offer your company alternative business financing, even though some companies are in a challenging financial climate:
Ledgered Line of Credit
A ledgered line of credit is also known as accounts receivable financing. You choose the amount you draw from your line of credit, based on your business needs. This type of financing is non bankable with bankable rates, as long as your credit meets the lending criteria. Furthermore, a ledgered line of credit provides seasonal overadvances and unbilled receivables to assist supplier demands . At First Pro Capital, our lenders use a cost-effective underwriting approach for you to borrow and repay what your business needs. How is your credit score these days? Does your business call for a cash flow work out?
We work with financial institutions throughout the United States to assist you with your cash flow solutions like working capital, business expansion, business debt and more. Majority of our lending affiliates have a “make sense” underwriting approach for your factoring loan Ask us how it works and if your industry fits our lenders’ parameters.
Loan Parameters
- Minimum Loan Amount: $50,000
- Maximum Loan Amount: Up to $200M
- Business Establishment: Minimum 2 years Start Up Businesses are Case by Case
- Documentation: Alternative Light Documentation, Full Doc
Asset Based Lending
Three year or five year revolving line of credit securitized by tangible assets used for working capital and business expansion purposes. Minimum Loan Amount: $500,000
Equipment Financing
Bankable Terms
Quick turn times as little as 5 business days
Healthcare Financing
Medical Receivables: $10,000 to $10 M
Funding as little as 10 business days
Healthcare Bank Statement Funding: $10,000 to $250,000
No tax returns
Funding as little as 3 business days
Micro Business Loans
- Starting at 20,000
- Loan Amounts up to $450,000 for Single Entity and up to $675,000 for Multiple Entities
- Preferred, Credit Score 620 or better (good credit score, equals better )
- Weekly payment to lender
- No upfront broker fees
- Minimum bank deposits of $50,000 or more
- Fixed Terms up to 24 Months
Purchase Order Financing
- Quick cash flow solution while you are waiting for your invoice to be paid by your customer
- Purchase Order financing is ideal for manufacturing companies
- Minimum Loan Amount: $25,000
Seed Capital
- The initial capital used to start up a business in an exchange of an equity ownership of the business
- Minimum loan amount: $500,000
Qualified Industries for Alternative Business Lines of Credit
- Accounting
- Architectural Services
- ATV/ Golf Cart Dealers
- Attorneys
- Auto Parts
- Automotive- Auto Repair
- Barbershop
- Bicycle Shops
- Boat and RV Repair Service
- Building Materials and Equipment
- Business Cleaning Service
- Car Washes
- Chemical & Related Manufacturing
- Chiropractors
- Cigar Shop
- Closed Door Pharmacies
- Coffee and Donut Shops
- Computer Software and Repair
- Construction
- Convenience and Specialty Stores
- Compound Pharmacies
- Dentists
- Distributors (All Categories)
- Doctors
- Dollar Store
- Dry Cleaners
- Energy
- Electricians
- Electronics Manufacturing & Equipment
- Florists
- Food Products Manufacturing
- Gift Stores
- Hardware Stores
- Hair and Nail Salons
- Healthcare
- Home Healthcare
- Industrial
- Independent Pharmacies
- Irrigation
- Laboratory Services
- Landscape
- Medical Equipment Retail and Wholesaler
- Medical Imaging
- Medical Provider that Bills Third Party Insurance Carriers
- Medical Spa
- Medical Supplies Retail and Wholesaler
- Pet Supply Stores
- Pet Grooming
- Pharmaceuticals / Health Products
- Pharmacy
- Photo Studios
- Plumbing
- Propane Retail and Wholesaler
- Orthodontists
- Radiology
- Restaurants
- Retail
- Staffing Companies
- Technology
- Transportation
- Urgent Care
- UPS/Mailing/ Shipping Stores
- Veterinarians
- Waste Management
- Window Treatments/ Blind Factories
Florida’s Leading Alternative Business Finance Specialists
No upfront broker fees. A free consultation is available for your business loan. For more information on how we can best serve your alternative business loan, please fill out the online contact form about your concerns or give us a call at 855.477.9007. Read what people have to say about First Pro Capital on our Testimonials page. Conveniently located in Naples Florida, Newport Beach, California and Palm Beach Gardens ,Florida
First Pro Capital and Credit Consulting Experts know business and credit Allow our team of professionals to assist you!