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:
Non Bank SBA
Our SBA programs are not available at your local retail bank. In some cases, the interest is lower than popular regional banks. Non Bank SBA has many advantages for your business to grow, from 100% financingf for medical practices to no income verification on a purchase. Real estate collateral is needed for the SBA no income verification purchase and 100% medical practice loan. Refinances are not eligible for the niche 100% financing and no income verification program. Minimum loan amount: $350,000. Minimum credit score is 680.
Non Bank SBA Express
SBA Express is a quick alternative of needing that $100,000 and up to $500,000 within 30 days., without forfeiting your current low interest business loan. Lenders require a credit score of 700 or better besides utilizing your FICO SBSS score. If you have impeccable credit and need quick cash and knowingly paying it off fast, this a worthy business loan for you.
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: $100,000 to $10 M
Funding as little as 10 business days
Healthcare Bank Statement Funding: $100,000 to $1M
No tax returns
Funding as little as 3 business days
Micro Business Loans
- Starting at 50,000
- Loan Amounts up to $450,000 for Single Entity and up to $675,000 for Multiple Entities
- Preferred, Credit Score 660 or better (good credit score, equals better terms )
- 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: $50,000
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
- Builders
- 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
- Developers
- Distributors (All Categories)
- Doctors
- Dollar Store
- Dry Cleaners
- E Commerce
- Energy
- Engineer
- Electricians
- Electronics Manufacturing & Equipment
- Firearms
- Florists
- Food Products Manufacturing
- General Contractors
- Gift Stores
- Hardware Stores
- Hair and Nail Salons
- Healthcare
- Home Healthcare
- HVAC
- Industrial
- Independent Pharmacies
- Irrigation
- Laboratory Services
- Landscape
- Medical Billing
- Medical Equipment Retail and Wholesaler
- Medical Imaging
- Medical Provider that Bills Third Party Insurance Carriers
- Medical Spa
- Medical Supplies Retail and Wholesaler
- Metal Supply Companies
- Pet Supply Stores
- Pet Grooming
- Pharmaceuticals / Health Products
- Pharmacy
- Photo Studios
- Plumbing
- Propane Retail and Wholesaler
- Orthodontists
- Radiology
- Restaurants
- Retail
- Staffing Companies
- Technology
- Transportation
- Trucking
- 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 this Florida boutique firm 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, serving the entire state of Florida.
First Pro Capital and Credit Consulting Experts know business and credit Allow our team of professionals to assist you!