What is Senior Debt?
In finance, senior debt, frequently issued in the form of senior notes or referred to as senior loans, is debt that takes priority over other unsecured or otherwise more “junior” debt owed by the issuer. Senior debt has greater seniority in the issuer’s capital structure than subordinated debt.
One of our most popular products is the senior debt loan. This is a loan that buys out all other business loans that have high interest rates. One business loan that buys out all your high interest rate MCA loans, accounts receivable loans and working capital loans into a monthly lower cost payment. High interest rate payments are eliminated to stabilize your business cash flow.
Loan sizes above what’s being paid off is allowed.
ELIGIBILITY REQUIREMENTS
Credit score min – No credit score minimum, but obviously the better it is, the better the outcome
Inquiries -Unlimited
Previous credit history – No bankruptcies, repossessions or major late pays
Time in business – 2yrs +
ASSETS NEEDED
Assets are not always needed depending on the business. However, assets will be helpful in lowering the interest rate and increasing the loan size.
DOCUMENTS NEEDED TO CLOSE
2 years of business taxes
Current year of financials=Profit and loss + Balance statement
Accounts receivable (if available)
LOAN SIZES
$500,000 TO $10,000,000
RATES
14% to 19% monthly payments
TERMS
2-4 years.
Thinking of Starting a New Business?
Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!
Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!
Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.
Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584
