Senior Debt Loans
A senior debt loan consolidates all of your existing high-interest business loans, such as MCA loans, accounts receivable loans, and working capital loans, into a single loan with a lower monthly payment. This helps to stabilize your business’s cash flow and eliminates the burden of multiple high-interest rate payments.
Our loan program allows for loan sizes greater than the amount being paid off.
ELIGIBILITY REQUIREMENTS:
- No minimum credit score requirement, but a better credit score will result in a more favorable outcome.
- Unlimited inquiries are allowed.
- No history of bankruptcies, repossessions, or major late payments.
- At least 2 years in business.
- ASSETS NEEDED:
- Assets are not always required, but they can help to lower the interest rate and increase the loan size.
DOCUMENTS NEEDED TO CLOSE:
- 2 years of business taxes
- Current year financials: Profit and Loss + Balance Statement
- Accounts receivable (if available)
- LOAN SIZES:
- From $500,000 up to $10,000,000.
TERMS:
2 to 4 years.
Simple Application
Our simple online application can get you connected with the best options for you.
Minimum 700 Score
Most of our top financing options require a 700+ Credit Score.
Larger Amounts
Get matched with the best financing options with the highest funding amount.
Same Day Funding
In most cases, we can get you in and out of Underwriting in just a few hours, and same day funding!
What Do I Need to Qualify?
3+ Months in Business
You can qualify for our top financing options with as little as 3+months in business.
$5,000+ Monthly Gross Sales
The minimum revenue to qualify for financing options are $5,000 per month, or $60,000 in annual gross sales.
Minimum 700
Our variety of funding options work best for those with a score over 700.