Finally No-Equity Commercial Financing

You need money to operate your business. You detailed your financing objectives but the banks still said no. Americore is focused on protecting your wealth and on the success of your business.  So when banks didn’t say yes to what we feel are make-sense loans, we looked for a better financing option. After sifting through several lending options we think we have found a great commercial financing program that makes sense.

No Equity Required

Small businesses especially need money in the early stage of development.  While a business owner and its customers may have confidence in the business offerings, finding needed investment funds can be daunting. It is a difficult choice when the capital funds require giving up business shares, and subsequent profits down the road. Americore recognizes this challenge and found a commercial financing program that offers make-sense business loans without the equity requirement. Instead, funding is based on things like sales contracts, past performance and other sensible business measurements.

Commercial Financing With Low Rates

You may be wondering since this is “no-equity” commercial financing, how high is the rate?  The rates are reasonable, though you will be required to document a minimum deposit balance. 

7 to 1 Deposit Loan

The amount of liquid assets you must document for this loan is one seventh the loan amount for qualifying borrowers.  Once you satisfy a few requirements and document a $300,000 balance on deposit account, you may qualify for $2,000,000.  Again, you don’t have to prove two years in business with tax returns. You have to show why the commercial loan makes sense for what your business will do.

Bridge Loans

We listened to our clients’ feedback.  Business owners told us that the required balance amount on deposit isn’t always practical or possible for businesses.  So we worked to find a bridge loan that does work. Incredibly, we found a way to get that $300,000 to you based on just $70,000 you have.  These are real programs that answer todays business needs in a truly unique way.

What You Need

This lender will need to be in a first lien position. If you have other loans in place, those lenders will need to agree to subordinate to the new commercial financing.  Your EIN (employer identification number) will need to be clean and free of tax liens, mechanics liens and other encumbrances.

To qualify for this type of make-sense loan, your staff must be credible. The lender wants to see senior workers with past experience in the positions they hold.  For instance, someone who worked as a fast food clerk until last week isn’t likely to be an experienced operations manager. Though this financial program says yes more often than banks do, the loan must make sense. 

If you are looking for a loan to pay your suppliers on a sales or job order, this loan might make sense for you.  If you are looking for equipment so you can produce orders already received, this loan might make sense for you.  When you have a going business concern, but have supply chain problems that financing can cure, this commercial financing could make sense for you.  There are lots of applications where this kind of financing is a perfect fit.  Your business could be one of them.  Contact us to have a conversation and see what program is right for you.