SENIOR DEBT LOANS
- BUSINESS LOANS UP TO 10,000,000
- TERMS AVAILABLE: 2-4 YEARS
- NO PREPAYMENT PENALTIES
A senior debt loan 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 business cash flow.
Loan sizes above what’s being paid off is allowed.
Credit score min - No credit score minimum, but obviously the better it is, the better the outcome
Previous credit history – No bankruptcies, repossessions or major late pays
Time in business - 2yrs +
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)
$500,000 TO $10,000,000