A/R FACTORING DEALS AS ALTERNATIVE FINANCING:

Who Qualifies?

• Any business with commercial receivables may qualify (including those in Chapter 11 or with a negative net worth as long as their debtors are creditworthy)
• Line/Loans Size: 50K – 6mm
• LTV: Up to 90%
• Pricing: Usually between 1.25% – 2% charged monthly
• Revolving Credit lines (500k and above) – paid on employed funds accrued daily; pay on funds you use!
• Approval Process:  We can usually provide an initial funding of up to 90% of a business’s total outstanding A/R within 3 – 5 days of receiving a complete application.  Moving forward we fund daily as new invoices are generated (they just fax/ scan us a copy)

What can factoring do for you?

- Pay suppliers, 941 taxes, and employees promptly

- Serve larger customers and increase order size

- Eliminate credit-department costs

- Earn discounts from suppliers for making cash payments

- Have access to more funds than typically available from

bank financing

FACTORING APP

Contact James 330 832 5253  or james@jdbfinancialllc.com

 

BUSINESS CREDIT AND/OR CASH LINES. 720+ SCORE NO DOC’S** NO UP FRONT FEES

BUSINESS LOCs

- The ideal candidate would have 720 + MyFico:http://bit.ly/86RMd6 or above 

- Business entity that is registered with the Secretary of State (any state) 2 or more years ago (LLC, S-corp, C-corp, etc) in order to experience the advantages of our program

- Interest rates vary from 8.99% to 16.99%  (based on the lender’s underwriting criteria and your credit)

- Unsecured credit lines.  No collateral required. Stated application process.  No income verification.

- The lenders that I have handpicked ONLY report to the business credit bureaus (Dun & Bradstreet, Corporate Experian, and Equifax Commercial). This is advantageous to a business owner because even if the lines are maxed out, it will not affect the business owner’s personal credit.  The lender will only report defaults to the business owner’s personal credit.

- Most lenders offer an introductory 0% interest for 6 to 12 months on either balance transfers or purchases or both. 

- We charge 12%+1.5 of total credit approved.  If we don’t get you approved, there is no fee.  Our fee is a onetime fee.  You pay us once after your lines are approved and the lines are yours to pay back and reuse as many times as you like without any further fees to us.

- Initial investment is only about $45.00 for a credit report and credit monitoring service.

 

If you don’t meet these criteria, it doesn’t bar you from getting credit lines; it just means you may be extended a lower credit limit and or higher interest rate.

 

The entire process takes about 30 days total.  Most lenders make their credit decisions within 7-10 business days.  I have been successful in obtaining $100,000.00 in credit for our clients that meet the above criteria.  These results are not guaranteed for everyone.  Your results may vary based on your credit. Feel free to give me a call. Much Success to you!

 

 

 4 Steps to Start

1) Fill out the Pre Qual and (SAVE IT) and email it back to me, or fax the Pre Qualification Form to the number below once it is completed. This application will allow me to do a full and thorough evaluation for you to determine the best way for you to move forward.

 

2) You’ll need to set up a credit account with myFICO.com (these will be soft pulls and will not impact your FICO scores). The more people we are able to involve in the credit review, the more options you’ll have and the better the solutions we can provide so I suggest you complete the credit portion for you, your spouse, and any partners you have in the business. There is no obligation to anything but this allows me to give you a better review of your options and more solutions that will help you accomplish your goals.

 

3) Once on Myfico.com http://bit.ly/aEZdml on the lower left corner, expand site map, click

FICO Standard & purchase total should be about $40.00 for both purchases and be sure to purchase both scores and DO NOT purchase their other products such as Score Watch.

Use promo code “UNIONPLUS” for $7.00 discount. If that doesn’t work, type “myfico.com discount code” on google.com to find the latest promo code.

 

4) When complete please list user names and passwords on each site at the bottom of the attached Pre-Qual form. You can fax over to our fax number, scan or email this back to me when it’s complete. Thank you I look forward to our follow-up conversation so I can give you feedback and answer any of your questions.

 

***PERSONAL CREDIT AND/OR CASH LINES. 720+ SCORE NO DOC’S** NO UP FRONT FEES

PERSONAL LOCs:

Basic Qualifications for Personal Credit Funding the information outlined below represents real-time market realities in the financial and credit extension marketplace and provides an ideal target description for a “qualified” personal credit profile to receive optimum funding.

• If a credit profile falls outside of any of the specific descriptions listed below it will definitely have an impact on the potential “approved amount of funding”, or if the application will declined.
• We DO NOT process applications that are not qualified for funding. In addition, Prospective clients should take and use any Resources and necessary steps to enhance their credit file in order to meet minimum qualifications standard in order to be approved for personal funding.
• 720+ Credit Scores on all bureaus
• All “Revolving Balances” Should Be Below 60% Of The Credit Limit (Credit Utilization Rate or CUR). If anyone (1) revolving account balance is above 60% of the established credit limit it” may” have a negative impact on your funding approval. Any single revolving account balances with a CUR of 75% or higher may in fact generate a “decline” even if every other aspect of the credit file is in perfection condition. However, each individual credit file is different and the strength of the overall credit file will determine what impact having a higher CUR will have on obtaining …. No more than 4 Inquiries per Credit Bureau within the Last 90 Days!
• Minimum of 4 Open & Active “Primary” Trade lines On Credit File. Closed accounts do not h No More than 4 Inquiries per Credit Bureau within the Last 90 Days!
• Any Prior Bankruptcy, Foreclosure, Repossession, Judgment, Collection, etc. listed on the credit file places that file in a NOT
  QUALIFIED status.
• Any Past Late Payments Will Have An Effect On Getting Funding/Approval On Case By Case Basis. Excessive late payments will definitely create a NOT QUALIFIED” scenario. Credit profiles with late payments over 60 and 90 days typically DO NOT qualifies for funding.
• Physical residence address on loan application must match address listed on the credit bureau used for funding! If addresses do not match up this will automatically send the credit application into a security review status at which time all aspects of the file will have to be documented in order to get an approval.

In addition, the following specific terms apply to all “PERSONAL FUNDING

PROGRAMS”:

1. No up Front Fees for Our Services!
2. No Income Documentation or Verification required unless your file goes into a manual underwriting review process. 100% validation of personal identity.
3. All Personal Funding are Credit cards or cash cards.
4. Our backend fee is 15%= 1.5 of the approved funded amount/credit limit and is paid Inquiries WILL BE on the credit report since no lender will approve credit without checking credit.
5. Once we get a decline we STOP working on the file.

 

Capital/Transactional Funding (1M to 300M)

SHORT TERM FINANCING

Guaranteed Funding for any transaction subject to an exit/takeout!

This is NOT a PPP, Trade or Monetizing financing program. Hard Money Financing

Buy-Sell — Real Estate, Financial Instruments, Commodities, etc.,

u Private Investment — Programs/Placement,

u Enhancements — Show/Proof or Credit/Block/Collateral,

u Escrow Deposits — Compensating/Transaction/Fees/Enhancements,

u Project/Business — Structured Bridge Funding,

u SWIFT Messages, Riskless Arbitrage….

• No appraisals, No credit, No Income, No JV
• Must have proven, verifiable exit plan
• No upfront fees
• No monthly payments (P&I due at end of loan)
• 12% annum
• 1 day to 5 years
• 5 lender points
• Full Recourse
• 1M to 300M

1st - You approve the Services. 

2nd – You pay Legal Costs-Fees.

Service closing costs-fees of $10±Thousand are paid to service closing Attorney to create documents and provide support to close the services, under instructions to refund costs-fees if Service Seller default.

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3rd – You open Escrow and deposit Service Fee

A mutually approved escrow, to accept our mutual deposit and closing instructions

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4th – Escrow delivers proof of Funds & Funding Commitment to you.

Banks perform clearing of the Funds and Funding Commitment.

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5th – Your Transaction Bank deposits to Escrow their ‘Transaction-Undertaking’ confirming to exchange the exit/takeout instrument for the Funds.

Funds and Instruments are exchanged as agreed.

TO GET STARTED:

Email  the soft ‘proof’ of your ability to pay the below Service Fee per the Terms; and the answers to the below questions, then I will return a written ’Offer-Outline’ for your review.

1.  What is the amount of Funds requested?

2.  What is the Transaction?

3.  What is the creditworthy exit or takeout that repays the funds?

4.  What Fee ‘option’ are your prepared to provide proof of the cash Service Fee escrow deposit?

Option1 = You pay via Escrow, a 5% ($100-Thousand minimum) cash ‘Service Fee’ in exchange for the Funding Commitment and Funds Confirmation.

Option2 = You pay via Escrow, 10% ($100-Thousand max) + 1% cash ‘Commitment Fee’ in exchange for Funding Commitment then upon receiving and clearing your Banks issued commitment/proof, the 4% Service Fee will be paid from your Transaction profits/proceeds, the Funds Confirmation is exchanged.

submissions@jdbfinancialllc.com