Business Credit Maximum Loan Programs

MinorityBZHub.com is pleased to announce our new loan programs that are tailored to help you grow your business. We are personal and business loans with little or no documentation to merchant accounts and equipment loans.

Unsecured Business Funding

Unsecured Business Funding (UBF), is one of the most popular loan options. It’s the easiest to qualify for and is often the first step in obtaining and building business credit. UBF does not require proof of income, making it the perfect choice for start-ups.No industry restrictions, and can be used for GAP funding for some real estate transactions.

Requirements:

  • ●  680 Credit Score
  • ●  No proof of income required
  • ●  No more than 5 new accounts opened in the past 24 months
  • ●  No late payments in the past 12 months
  • ●  4 or fewer inquiries in the past 6 months
  • ●  No bankruptcy in the past 10 years
  • ● 2+-year-old credit card with a limit of at least $2500
  • ●  Free of unpaid collections or charge-offs

Funding Limit: $150,000

Funding Form: Business/Personal Credit Cards

Funding Timeline: 4 Weeks

Rate: 0% interest for the first 12-24 months. After that interest varies based on credit profile.

Fee: 9.9% Success Fee

Hybrid Program

This is the best of both worlds..business credit with personal term loans stacked on top! No industry restrictions can be used for GAP funding for some real estate transactions.

Requirements:

  • ●  680 Credit Score
  • ●  No proof of income is required for biz credit, to stack personal term loans does require income verification
  • ●  No more than 5 new accounts opened in the past 24 months
  • ●  No late payments in the past 12 months
  • ●  4 or fewer inquiries in the past 6 months
  • ●  No bankruptcy in the past 10 years
  • ● 2+-year-old credit card with a limit of at least $2500
  • ●  Free of unpaid collections or charge-

Funding Amount: $250K +
Funding Form: Credit Cards/Term loans

Funding Timeline: 2-4 weeks
Rate: 0% interest for 12-24 months on the business

credit. On personal term loans 5.25+ Terms: 3, 5 or 7 years on term loans Fees: 9.9% Success Fee.

Business Term Loan

Similar to traditional bank-style financing, a Term Loan is a set amount that the borrower pays back at a fixed amount. Commonly used for: business expansion, working capital, and equipment purchases.

Requirements:

  • ●  Minimum income of $25,000/ month
  • ●  Minimum of 2 years in business
  • ●  Minimum FICO 660
  • ●  No Bankruptcy in the past 3 years

Funding Range: $10,000 – $5,000,000 Funding Timeline: 3+Days

Rate & Terms: Determined case-by-case. 1 to 2-year terms

Fees: Determined based on deal

Business Line of Credit

A Business Line of Credit (LOC) provides flexibility for the business owner. Rather than a fixed amount issued at once, funds can be accessed when needed. Funds are made available as soon as any previous balance is paid.

Requirements:

  • ●  $ 15-25K+ monthly gross sales or $ 240,000+annual gross sales
  • ●  At least 1 year in business
  • ●  600 min FICO
  • ●  Clients typically qualify for 1-1.5X monthly gross

Funding Range: up to $250,000

Funding Form: Line of Credit
Funding Timeline: 3+ Days
Rate & Terms: Varies upon credit profile Fee: Determined based on deal

Merchant Cash Advance

A Merchant Cash Advance is an advance that is paid back by withdrawing a percentage of your credit sales—typically on a daily basis. Ideal for a business owner with bad credit but good revenue.

Requirements:

  • ●  $25,000+ monthly income
  • ●  At least 1 year in business
  • ●  W2 or 1099

Funding Range: up to $5,000,000 Funding Timeline: Same-day funding Rate: Varies upon credit profile
Fee: Determined based on deal Terms: 6-24 month

Can be refinanced after 3 months into better rates and terms!!

Equipment Funding
Businesses utilize Equipment Funding to purchase equipment through leasing or financing—ultimately

freeing up working capital. A term loan is available for down payments.

Requirements:

  • ●  $15,000+ monthly gross sales or $180,000+ annual gross sales
  • ●  For trucking with 0% down:

650 credit score no CDL for 2 years

No mortgage to show payment history

Funding Range: $10,000 – $5,000,000 Funding Timeline: 2 to 5 Days

Rate & Terms: Varies upon credit profile. 1 to 5-year terms

Fee: Determined based on deal