Skip to main content

THE FLEXIBLE SOLUTION FOR SMALL BUSINESSES

THE FLEXIBLE FINANCING SOLUTION FOR SMALL BUSINESSES
Financial Technology + Main Street = Growth
WWW.ISMALLBUSINESSCREDIT.COM
Volume 3, Number 1

iSmallBizCredit

The Smart Choice in Business Financing

Having access to funds at a moment’s notice can sometimes make the difference between a business’s success or failure. That’s why merchants love our Line of Credit. It gives them the flexibility to act fast. When opportunity comes knocking or there’s an unexpected expense, our Line of Credit offers 24 hour access to loan drafts.

Merchants can qualify for line of credit amounts up to 725,000 with no collateral required. The initial line can be approved in less than a week with 24 hour turnaround on loan drafts after that. With this type of financing, your clients can have the freedom to draw funds as needed, paying interest only on the money they take.

It Pays to Be Prepared

Even without an immediate need, smart merchants are establishing lines of credit. Being prepared is smart. Owners know opportunities and/or issues can arise quickly and having committed working capital allows them to be ready for the unexpected.


LINE OF CREDIT ADVANTAGES YOU WILL LOVE:
Unsecured Loan amounts up to $725,000

• Access to 5 loan drafts over a 4 month period
• 24 hour turnaround on draft requests
• Online draft requests for quick submissions
• No application, maintenance or access
Low documentation, streamlined process
• Fixed terms up to 18 months with low payments
• Interest paid is tax deductible
Minimum credit score of 551, the higher the credit score the better the rate to the merchant.
• No open bankruptcies. Bankruptcies must be dismissed/discharged for at least 1 year.
• Tax liens must be less than 20% of the merchant’s average monthly sales or have a payment plan with at least 3 payments made
• Must be current on mortgage and business rent (may be up to one month late if high credit merchant).
• Existing advances do not disqualify the merchant,but the advance must be paid off out of loan proceeds
The best option for business owners

iSmallBiz “LINE OF FINANCE”. Over at iSmallBiz we've strategically formed a relationship with a fortune 500 payment technology company. Combining their expertise in the electronic payment industry, and iSmallBiz expertise in the realm of alternative business financing, we've been able to create a very simple process for all small businesses to obtain the unsecured capital they truly need without an extensive track record in business and with a not so great FICO score. The process takes no more than one week from start to finish with payments that fluctuate with the way your business is performing. It actually functions as a Line of Credit. Your business will always have access to capital as long as you continue to work with our processing partner. You only pay for the money that you use when you use it. See below on how a Business Line of Finance works from iSmallBiz:
How It Works:
·  (One page application, the last 4 months credit card processing statements and The last 4 months of Business bank statements.)
· We put together an application for approval with our payment processing technology partner.
· Within 24 hours of processing with our partner on our platform,
· Capital can then be accessed every 6 weeks within 24 hours. (Up to $100,000 within 24 hours of working capital.)


iSmallBiz Resource Center Links

iSmallBizCredit -Business funding and Commercial real estate finance
iSmallPayTech-Payment technology
iConnect Real Estate- Commercial real estate marketplace




.

Comments

Post a Comment

Popular posts from this blog

Secured vs. Unsecured Business Credit Cards: Which is Better?

Secured vs. Unsecured Business Credit Cards: Which is Better?                 Having a bad credit report can surely become a hindrance in establishing your business. Most likely, you will have difficulty in trying to persuade lenders to give you a business credit account, which can be very significant for your company. Without business credit for back up, you are placing your company at a very huge threat of running out of cash and even a possible stop in its operations. Your credit score may not be very constructive to your reputation, you may have very limited options –either you get an unsecured bad debt credit card or a secured credit card . In this article, let us know the difference between these two credit cards and how they can help your business, especially if you have bad credit. The Difference between a Secured and an Unsecured Credit Card A secured credit card would basically requ...
1 comment
Read more

Get The Capital Your Business Needs in Canada

Since we launched iSmallBizCredit, by far the most frequent piece of feedback we received was: you need to make it possible for people outside the US to obtain working capital and business funding financing. Starting Tuesday February 20, 2018, iSmallBizCredit all in one merchant platform will be available for use by any business based in Canada. It’s an integrated payment processing and business lending platform that we offer in the US now. A payment processing and merchant account platform combined with the ability to obtain business financing within 24 hours. Thanks to our friends in Canada for helping us launch!!! We've been testing our service in Canada over the winter. In many ways, launching in Canada is a big step for us. At iSmallBizCredit, our extensive industry knowledge and technology has allowed us to revolutionize the alternative funding system, making working with us a seamless experience. We have one goal in mind which is to provide the best poss...
1 comment
Read more

The Biggest Mistakes in Small Business Loans

The Biggest Mistakes in Small Business Loans  The right small business loans make a significant difference in your business’s success.  As a new business owner, you realize that there is an increased importance of having the necessary funds available to you.  When you don’t have enough funds, you can’t handle the demand that is placed upon you and you won’t have the buying power that you need or the emergency funds to push off those very bad situations that could put your business in jeopardy.  The good news is that there are plenty of opportunities for you to make the right decisions.  To do that, learn how to avoid the largest mistakes that most individuals and small business owners make when starting their business. Top Mistakes Made In Business Consider the risks that you are taking and make sure you don’t make the mistakes that many others make. •    The largest reason that businesses fail isn’t money, but poor planni...
Post a Comment
Read more