OUR 660 CREDIT SCORE LOAN (FEATURED)

"FILLOUT THE FORM BELOW- COMMENT MORE LOAN INFORMATION"

Financing Programs

660 PERSONAL FUNDING

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 Many of our Affiliate's Clients have great ideas and various needs for
$50,000-$400,000+. The cash may be used for any purpose, business or
personal.
Major Business Credit & Capital Funding has partnered with several sources that can 
provide the with cash for your
Clients in as 5-7 days
The basic qualifications are simple
*Minimum 660 Credit Score. (some lower score are accepted case by case)
*Minimum of 3 established credit lines
*No more than 12 inquiries in the last year
*No more than 30% credit usage
We will review file credit and provide a quote within 24-48 hours.
Funding in is in 5-7 days 

TAKE ADVANTAGE OF OUR NEW NO DOC LOAN PROGRAM

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 OUR NO DOC  FUNDING

Here a basic guideline for both business and personal funding.

Business funding
1. 700+ score
2. 2-3 credit card trade-lines with $5000+ credit limit. (Must be 4 years or older)
3. No more than 4 inquiries in 6 months
4.  No sporadic late payments within 4 years.
5. No BK or judgment showing on credit report. 

HARD MONEY LOAN

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  Often times when a property is run down or the vacancy rate is higher than allowed, your objective will be to stabilize the property in order to refinance once the property has appreciated in value. Given your objective, you will need a Bridge Loan to bridge the gap between the present value of the property and the future value of the property when you are ready to refinance or sell. Bridge Funds are also used to purchase a property from foreclosure or to take advantage of a short-term opportunity. However, the costs are usually higher than permanent financing. Interest rates and origination points are also generally higher and can take anywhere from 30-60 days to close, depending upon the cooperation of the borrower. Once an investor has reviewed a complete file and determined they like the deal, an appraisal is ordered. In addition, although there generally is a pre-payment penalty for 12-18 months, this protects the lender and the borrower. It gives the borrower time to fully rent the units or rehabilitate the property. Lenders, on the other hand, are fully protected once the property is fully rented or completely rehabilitated in case the lender has to foreclose. 

500 CREDIT SCORE BUSINESS LOAN

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This is our preferred loan program for short-term business financing needs. Pricing is usually better than the Unsecured Business Loan program. Best of all it doesn’t show as debt on your personal credit report! This is the best option for establishing business credit for you company since we report payment history to Experian business, Equifax Business and Paynet. Use it as a bridge loan, payroll, expansion, down payment for equipment, purchase equipment in cash, repairs, insurance premiums, or working capital. Loan proceeds are wired transferred into your business checking account so you can decide what to use the funds on. 

- Loan Amounts range from $5,000 to $250,000

- Weekly ACH payments

- Terms from 3, 6, 9, 12 months

- Eligible States (50): Nationwide

- Origination fee 2.5%

- Interest rates starting at 9.9%++ (Depending on credit)

- 50% minimum ownership is required

- Must be in business at least 1+ Years with an “Active Business Checking” Account 

- Gross Monthly deposits of $8,500 in the “business checking” 

- FICO personal credit score must be at least 500

To Apply please submit the following documentation:

- Application Completed and Signed 

- Last 3 Months Business Bank Statements (All Pages, in PDF format)

- Copy of Drivers License or State ID

Once paperwork is submitted, we will submit to underwriting. The underwriter will do a “soft “ credit check and will not impact your personal credit rating. Loan Decision within 1 - 2 business days.

Short Term Loans

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 Our short term loan is a true business loan, it does not show up on  your personal credit as long as payments are made on-time. It helps  build a strong business credit score for your Corporation or LLC. Invest  and grow your business with this minimal paperwork loan!
Available in: (Nationwide & Canada) Loan Amounts: $2,500 – $250,000 Term Length: 3 – 36 Months Rates: 9% – 24% Repayment Type: Affordable Micro-Daily Payments (No Weekends & Holidays) Approval Time: 1 – 3 Business Days No Tax Returns Required 

General Requirements:

Borrower FICO: 500+ Business Annual Gross: $100,000+ Years In Business: 1+ Bankruptcies: At Least 3 Years Ago Monthly Average Ledger Balance: $1,000+ 

Required Documentation:

3 Months Business Bank Statements Completed Application 

FIX & FLIP FUNDING

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 Transactional funding is designed for individuals and wholesalers who are looking for a funding resource to facilitate a double closing. It is also the type of funding needed for a fix and flip transaction. A transactional lender will provide you the funds to purchase, fix, and flip a property. In addition, this loan type requires that you have a buyer in place who must provide Proof of Funds to purchase and close on the property. These funds can also be in the form of a mortgage commitment; however, the sale of the property is usually done by an investor to a buyer, or a buyer to a back-end buyer, who must close at the same time. It is quite possible that you will have to hold it long enough to season the title. Your holding period usually can take from 30-180 days. Keep in mind that if you are required to season the title, be sure the lender you choose offers extended transactional funding