We have a unique approach that we feel can work for you. You receive an unsecured loan similar to a line of credit without it being tied to any of your assets. You do not have to pay an application fee; however, we do have a tax deductible 15% success fee (check with your tax advisor for clarity).
The reason for this fee is to help us to continue offering this unique unsecured product to you. In addition, this covers the work of negotiations and underwriting for your loan(s). We work hard to negotiate the terms for your loans before we submit them for your approval. Our company has proprietary software that allows us to provide an average of 80% more than what you could get in funding on your own from one institution or several. We work closely with over 220 financial institutions, banks, and private individuals to find the best solutions to get you the money that you need. You won’t get a hard inquiry until you sign off on the loan for which you were approved.
2What are the qualifications?
680 plus credit score with 3 or more trade lines. Less than 6 inquires in the last 6 months. No bankruptcy in the last 2 years. No lates or derogatory history within the last 2 years. No new accounts within the last 6 months. All contracts must have client's first and last name, NOT business name. All clients must have personal checking accounts.
3What documents will I need to submit?
- Signed Contract and Completed Application
- ID Color Copy, Front and Back in PDF or JPEG format. Driver’s License, State ID, or Passport
- Social Security Card Color Copy, Front and Back in PDF or JPEG format and Back
- 3 Months of Personal Bank Statement: Must show direct deposit.
Voided Personal Check. Must match provided bank account information. No Starter
Checks. Direct Deposit form or Official Letter from the bank if no voided check
- Utility Bill: Electric, Gas, Water, Waste, Cable, Telephone or Credit Card Statement
- Proof of Income: 1099R, Awards Letter or 3 Monthly Statements (Retired)
- W-2 & 1 Month Paycheck Stubs (W-2 Employees)
1099’s, Sole Proprietorship, Single Member LLC, S-Corps, C-Corps
2 Years 1040 Tax Returns, Schedule C or Schedule E, K-1 and 4506T (For Personal and Business)
Logins to Credit Monitoring Website: Must show all 3 scores. NO CREDIT KARMA.
The following 3 options cost only $1 for a 7-day trial period
4Will some loans come from credit cards?
All loans are funded solely in cash not from credit cards. Cash is deposited into the personal bank account of the applicant.
5How long does it take to get an answer?
Clients are approved in 24-72 hrs
6How much would I qualify for?
Loan amounts vary on a case-by-case basis, however once approved, we fund $10,000 to $400,000+ cash in 5-7 business days
7What are the loan terms?
Rates range from 6% to 28% depending on your credit, with an average interest rate of 18%. We offer 3, 5, and 7-year terms with no prepayment penalty.
8What can i use the cash for?
Cash can be used for any purpose except a federal loan (i.e. FHA or VA loan)
9Are there any upfront fees ?
No. However, there is a 15% success fee that you pay after the cash is in your account . For example, $100,000 in funding x 15% = $15,000 success fee.