Signed and completed application: (link above)
Bank statements: Past 6 Months
Amount requested:
Use of funds:
Interim Financials (If requesting over $150,000)
Financial statements for last fiscal year (If requesting over $150,000)
BENEFITS:
Slow month protection during low revenue months with eligibility of partial refunds during those months (no additional interest or penalties).
Credit facility provided is unsecured therefore no collateral is required against financing
No lender or legal fees
Initial capital injection up to 15% of annual gross sales
Renewal after every 35% repayment keeping the payments the same but the term is extended.
Cost of borrowing is 100% write off on your taxes
Terms range from 6-15 months (terms are extended after every renewal)
This is an open loan term and can be paid back at any point in time resulting in a 10% discount of the outstanding balance.