Term Loan
Are you tired of running in circles trying to get traditional bank financing? Our Term Loans provide access to funds quickly and from a trusted bank. A bank term loan is a short-term (3-5 years), fixed rate loan with stable monthly payments and no pre-payment penalties. These loans are ideal for a business with a stronger credit profile and good cash flow. Funds from these loans can be used in a multitude of ways to help a small business grow. Additionally, paying off a bank term loan responsibly helps to build business credit. Loan amounts from $50,000 – $300,000.
Qualifications
- Minimum 3 years in business
- Credit Score +680
- Must be a U.S. Citizens or Permanent Resident
- Minimum annual revenue of $250,000
- Appropriate cash flow to support loan payments
Need to be free of any outstanding tax liens, previous default on business loans, no recent charge offs or settlements, and no foreclosures/bankruptcies in last 3 years.
SBA Loan
SBA loans are small-business loans guaranteed by the SBA and issued by participating lenders. The SBA assists small businesses and helps them increase their borrowing power by granting and guaranteeing loans that banks and other lenders make to small businesses. The SBA Program is one of the smartest ways to gain financing for your business.
Have you been denied for SBA Financing in the past after supplying the bank with your entire life history? If you’re looking for an SBA Loan, look no further. Merchant Direct doesn’t limit you to the decision of one bank. We work with a handful of banks who compete for your business, helping increase your chances of qualification. You get great rates, long repayment terms, and low monthly payments with SBA loans. With a typical 10-year loan term and no prepayment penalty, the monthly payment on these loans is extremely competitive. Loans up to $500,000.
Qualifications
- Minimum 2 years in business
- Credit Score +660
- Must be a U.S. Citizens or Permanent Resident
- Minimum annual revenue of $250,00
- Revenue Must Support Loan
You need to be free of any outstanding tax liens, no previous default on SBA loans, current on any current government related loans, no recent charge offs or settlements, and no foreclosures/bankruptcies in last 3 years.
Business Line of Credit
A Business line of credit is a flexible financing solution that provides a business with access to funds as it needs. Interest will accumulate once you draw funds. As you pay down your balance the amount will again become available to borrow. Unlike many small business loans, an unsecured line of credit is not designated for a specific purpose or purchase — it’s a good choice for small businesses looking for ways to better manage cash flow. The business line of credit is typically a 12 month and offers interest only monthly payments. The LOC loan amounts range from $50,000 – $100,000.
Qualifications
- Minimum 3 years in business
- Credit Score +680
- Liquid Credit Score 150+
- Must be a U.S. Citizens or Permanent Resident
- Minimum annual revenue of $250,000
- Appropriate cash flow to support loan payments
You need to be free of any outstanding tax liens, previous default on business loans, no recent charge offs or settlements, and no foreclosures/bankruptcies in last 3 years.
