Business Credit Lines

 

• Term loans 5K to 500K 3 to 36 months ( improves business credit)

• Lines from 5K to 100K (only pay interest on draw)

• Fundings as fast as 48 hours

 

Receivables Financing

• Advance Rates up to 90% 

• Receive 90% of the your invoice value upon approval

• 72 Hour Funding 

• Since underwriting in based on the value of the invoice, our approval process is very quick.

• Bad Credit OK 

• Your personal credit doesn't concern us much, as long as your customers are established businesses!

• Funding Grows with Your Business 

• As your business gets more customers and invoices, you may increase the amount you wish to finance!

Invoice Financing

Step 1: Submit Invoice

Send your invoice to your customer and Midwest Corporate Credit.

Step 2: Get Paid

Our lenders will advance you up to 90% of the invoice value within 72 hours.

Step 3: Customer Pays Invoice

Our lender follows up on your invoice, collects payment, and sends you the remaining balance, minus our fee.

 

What are the Benefits of Factoring?

• Release up to 90% of the cash tied up in your invoices within 24 hours.

• Benefit from access to local decision-makers and the stability of having one point of contact working alongside you.

• Alleviate administrative burdens and free up your time with our lenders credit and collections services.

• Take advantage of growth opportunities with funding that grows with you.

 

 

WITH EXTRA CASH FLOW, YOUR COMPANY CAN

 

• Cover payroll and operating expenses

• Take advantage of supplier discounts

• Purchase additional inventory or equipment

• Pay taxes

• Increase sales and profits

• Offer credit terms to customers

 

 

Cash Flow Financing

• 72 Hour Funding 

• Since underwriting in based on the value of the invoice, our approval process is very quick.

• Bad Credit OK 

• Your personal credit doesn't concern us much, as long as your customers are established businesses!

• Simple Application 

• Hassle Free 1 Page Application, and proof of revenue is all that is required for approval

• High Approval Rate 

• Over 90% approval rate for clients who meet revenue criteria!

 

What to expect

 

• FAST: Approvals take 24 – 72 hours and accounts are typically funded in approximately 5 days.

• EASY: All we need is a 2 page application and your merchant and bank statements. We use the merchant statements to determine your average processing volume and we use the bank statements to verify total income.

• HIGH APPROVAL RATE: No need to have great credit and no need to have a low debt to income ratio.

• UNSECURED: No collateral is required.

• CASH FLOW FRIENDLY PAYBACK: No fixed monthly payment; if you have a slow month, your repayment for that month is proportionally decreased.

• NO RESTRICTIONS ON USE OF FUNDING: Use the funds for advertising, renovations, expansion, working capital or whatever else you might need.

• RENEWALS: Access to more funds every 90 days and in some cases even sooner.

•  

   

  Asset Based Financing

   

• FHA-HUD (221 D4 / 223 F / 223 A7 / 232)

• Fannie May & Freddie Mac

• Conduit (CMBS)

• Conventional

• SBA Loans 

• SBA 7(a) / SBA 504 / SBA Express

• Equipment Leasing 

• Purchase & Sale Leaseback Stock Loans

• Stock Loans 

• Minimum Loan Amount $100,000

• Advance rate of 65% for Traded Stock

• Max loan 1 MM

• Commercial Property Loans 

• EQUIPMENT LEASING

   

   

• Application up to $50,000. No financial statements necessary.

• Middle market financing up to $500,000

• Large ticket over $500,000

• Little or no down payment

• Sale & Lease Back

• Types of Leases We Offer

• Many companies need working capital for expansion and do not want to use their bank lines for working capital. We have a program that uses the equity in your existing equipment to give your company the working capital it needs. We buy your equipment and lease it back to you and when all the payments are made you own the equipment again.

  Startup Program
  Most financial institutions will not finance companies that are just going into business. If your company has just started in business, or has been in business for only a short time, usually less than two years, we can help you grow by financing the equipment you need to be successful.

  B, C and D Credits
  In these tough economic times many businesses have suffered financially. Additionally, the owners of these companies have seriously damaged their personal credit. We have developed a "second chance" program to help these companies. We can structure your financial needs to help you rebuild your company.

  Government and Municipal Leasing
  We can provide lease financing to any government or municipal entity with guaranteed approval. The rate is determined by the rating of the municipality or government agency. A partial list of who we finance is listed below:

• Federal Government Agencies

• Armed Services

• State Agencies

• Public Schools

• Police Department

• Fire Houses

• Libraries

• Numerous payment structures

• We can finance almost any type of business related equipment

• Approvals for application in as little as 72 hours

• Up to 84 months to repay with excellent rates

• This is a turn key program