Funding To Start Or Grow Your Business (Chicago, IL)

Funding To Start Or Grow Your Business

We ve partnered with Fundwise Capital LLC and they offer the best funding options possible for startups and small businesses in the United States. Here is a quick overview of their finance program 1) Startup FundingUnsecured credit personal and business0% interest for 9 to 18 monthsTerm loans starting at 7% APR Required 650 Credit Score Terms 15K to 150K Revolving no termsTerm loans 3 years 2) Business Funding Business term loanBusiness line of creditMost industries Required 575 Credit Score 10K mo avg. sales during past 6 months1 year in business6 months recent bank statements Terms 50K to 250K Revolving line of creditTerm loans 6 months to 3 years 3) Professional License Funding Term loans for licensed professionals in medical and a few other professional industriesLow interestLong terms Required Professional license (Medical CPA Attorney Insurance Real Estate)670 Credit Score 75K annual incomeIncome and license verification Terms 50K to 250K Term loans up to 12 years 4) SBA Low interest long term loans for buying or expanding a business or commercial real estate Required 650 Credit Score Terms 100K to 10 Million Term loans up to 25 years 5) Real Estate Investor Financing For house flipping buy and hold new constructionAll must be residential Required 600 Credit ScoreInfo on desired property purchaseMust have EIN Non owner occupied Terms 75K to 2.2 Million 12 month interest only 9 months rolled in100% financing on rehab Apply Go s apply.fundwise.com pmReferred by Dalini Balkissoon 6) Sub-prime Business Funding For business owners needing funding who have lower credit scores or need much higher amounts Required 450 Credit Score 5K mo in business revenue Terms 5K to 50 millionVarious options To see how much you can qualify for please go to s apply.fundwise.com fundingforyourbusiness. You will be asked questions regarding your business status and credit history. You will then be asked permission for Fundwise to pull a credit report from Experian (this is a soft pull and will not affect your credit report). There is a pre-approval process a 650 FICO score. 650 Credit Scores If you qualify with a 650 FICO score your first main point of contact will be with a Funding Specialist. The Funding Specialist will call within 24 hours. They will go over the application and ask a few questions to pre-qualify you. If you are looking for more than 50k in funding the Fundwise team will ask for a copy of your last two pay stubs (W-2) or your last two years of tax returns (if self-employed). This is a free no obligation pre-approval process. If you are eligible to receive funding you will be scheduled for a free consultation with a Senior Funding Advisor. Below 650 Credit Scores - You will receive an email with an update of why you have failed at this time ( please have check the spam folder for these emails). You will be asked if you have a credit partner or someone else that can apply for funding that may qualify to help you receive funding. If you cannot get funding you will be referred to a credit repair program which will walk you through the process of how to improve your credit score with the goal of becoming eligible for funding. Upon qualifying your second main point of contact will be speaking with a Senior Funding Advisor. They will discuss the best funding options for your growing business. Potential funding options include - 0% Interest on loans- Revolving credit- Traditional loans- Term loans- SBA (include guidelines for qualification)- No secured funding- Business working capital loans- Business line of credits The third main point of contact will be with funding managers. They will walk you through the process of applying to the right banks and leveraging your credit for the best interest rates possible. This is the bread and butter of Fundwise Capital the team checks bank rates interest rate deals and credit trends on a daily basis to help you secure the cheapest money to grow your business. Upon completing this process you will typically receive funding in 14-21 days. The benefits does not end at your initial funding. The team can be a continual resource for you to consult with on how to best utilize your funding minimize interest cash out and optimize business entity and credits. If you have any questions or concerns you can email me at dbalkissoon.fundwisecapital(at)gmail.coms apply.fundwise.com financingforyourbusiness