Credit Based Financing
FOR ALL TYPES OF BUSINESS
Program Description – Single Application, Multi-lender platform that funds the borrower and approves consumers with credit scores as low as 550 (lender below 600 caps at $10,000), amounts from $1,000 to $40,000. The borrower is funded directly. Preapprovals are subject to verification of certain information . Final approval/funding can take 2 to 5 days
Electronic Sign Up – Merchant Application, voided check, business license
Cost to Borrower – Rates from 3.9% to 32%, based on credit grade. No SAC Promotions, Up to 60 month loan terms (the rate your client pays is dependent upon credit score)
Borrower Terms – Rates from 3.9% to 32%, based on credit grade. No SAC Promotions, Up to 60 month loan terms
Cost to Business Owners – 3.9% of funded loan plus a $50 admin fee deducted from business 10 days post funding. (about the same as taking a credit card online)
Business Set Up Time – Typically 2 to 3 days for setup
Setup Fee: $299.00 Fee Collected at the time of set up
NO MONTHLY FEES
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