Bank Statement Loan
A new niche bank statement loans program for your business.
– Credit scores as low as 500 and lower.
– Time in business as short as only 4 months.
– No Collateral is required.
– Only provide the most recent 3 months complete business checking account statements.
Get a bank statement loan today based on your company sales. If your business has 3 months of revenue, get business bank statement funding based on sales
Many businesses have excellent cash flow and payment history. Even so, they are often declined because of limited collateral or unsatisfactory personal credit. These businesses feel they should have access to capital.
We agree. Small business loans depot can provide business bank statement financing quickly. Based on your Business revenue, we can get your business the capital it needs within 3 to 5 business days or less.
Business Bank Statement loans include the following features:
– The highest approval percentage of any business financing.
– Every business has Cash flow, so almost all businesses can qualify.
– Only 3 months bank statements requested.
– Just a short 1 page application is needed.
– Fast turnaround, one or two day approval common.
Get your Bank Statement Loan today. Call us now at Tel: 919-771-4177 or Toll Free: 855-787-1113.
– Daily, weekly and monthly repayment options are available.
Contact us today. Get your business funded. Start now.
Other bank statement loan features:
Up to 100% of a customer’s total monthly deposits may be approved. If your business has average monthly deposits of $50,000, then an approval up to $62,500 is possible. If the businesses average daily balance is strong, the approval amount can be higher.
This Bank Statement Loan can be used as a line of credit. The customer uses the line and repays at their discretion. The customer can use the full line or part of the line amount again immediately. The line can also be left idle for months until it is needed again. This line does not require an annual pay down. Annual or quarterly financial statements are not needed for bank statement financing, also known as an ACH Business loan.
Provide the most recent 3 months business checking account statements. The higher the total deposits per month are, the more the bank statement loan amount may be.
The newest option is an open Tax lien business loan under $10,000, which can now be financed. An IRS payment arrangement is not required. 3 month to 18 month terms are available. Business with an open tax lien and no payment arrangement can be financed.
April 10th, 2016, Chattanooga, TN for immediate release. Reynolds Tire closes $250,000 bank statement loan. President Jeff Howell told Senior Executives in a quarterly meeting, “Reynolds Tire is pleased to announce the closing of a $250,000 business credit line. This line allows us to dramatically accelerate our expansion plans. We will move into a much larger wholesale facility and increase inventory by 25%. We will increase advertising in the East Tennessee area and three new field Sale Reps will be hired. The new Sales reps will cover the East Tennessee and north Georgia region. They will expand our sales lines into the Trucking segment. We expect to increase our sales in the East Tennessee area by 25% by the end of 2016 and be the leader in the East Tennessee wholesale tire segment.”
February 26th, 2016, Chicago, IL – for immediate release. Great Lakes Shipping announces $300,000 bank statement loan through smallbusinessloansdepot.com. President James Harper told the Chicago Business Journal, “With this line, Great Lakes Shipping will become the leader in shipping in the upper midwest. We will use the line to increase our rail and over the road routes. More trucks and rail routes will be added. We will add to our lines of items that can be shipped and increase service to 4 more States. We expect sales to increase 20% in the first year and a total of 50% in the next 2 years. We look forward to expanding this relationship and using this line in the future.”
December 28th, 2015, Los Angeles, CA. Educational Center closes $45,000 business bank statement loan. President Mike Kim stated that “this funding will allow us to complete needed remodeling and full establish our product lines. Some of our educational product lines need a marketing push and improvements by print advertising. We also need to finish additional classrooms that were not completed at closing. This line will allow us to make these improvements. Even better, we can use this line ongoing, letting us borrow for other needs in the future. We hope to extend and increase this line in the future for use for other needs.”
December 18, 2015, Charlotte, NC. Western Carolina Printing closes $200,000 business bank statement loan. CEO Jim Turner announced at the monthly company meeting. “Western Carolina Printing closed a $200,000 line of credit. This line will allow us to overcome early stage financing issues. The line will be used in part to obtain new equipment. We will also invest significant funds into advertising. We will establish an employee training program. Through this program, our employees will skilled in all aspects of the business, printing, imaging, copying, commercial accounts and commercial signs.”
November 11, 2015, Portland, OR. West Coast Designs announces a $150,000 business bank statement loan. President Blake Sampson issued a press release. “West Coast Designs is announcing a $150,000 credit line. This line will allow us to expand further into the lucrative combat gaming market. While we already have market share in this sector, with our expertise, we can expand significantly further into this sector. Use of the capital will include hiring additional programmers and coders. We will also hire network engineers to expand our platform infrastructure. Our current platform infrastructure is tailored to suit our State and Local contract work. We will add to this to specialize in the gaming market. With these additions, we anticipate revenues to significantly increase in the next year and double within three years. We will continue to work and expand State and Local contracts. We expect to be a leader in this market within 3 years.
October 30, 2015, Bangor, ME. Johnson Salvage closes $150,000 bank statement loan. CEO Stephen Wilkes issued a press release. “We are pleased to close this $150,000 business loan. This financing will allow us to purchase an adjacent 10 acre lot. We will expand our auto salvage business and open a second location in Portland, ME. We will also be adding a commercial vehicle segment. This new segment will significantly increase company revenues in the years to come. We forecast increased revenues of 25% to 50% in the next 12 months. Once we have established our commercial salvage segment, we anticipate reaching $7 Million in revenues within the next 3 years. During this time, we will be adding drivers, data entry and salvage employees. We look forward to expanding this relationship in the future and increasing our borrowing.
Frequently asked business bank statement financing Questions:
Are all these products about the same?
These products fall under one basic product type. Callers call in with many different requests. Requests from callers include a “business bank statement loan” and a “loan based on bank statements”. Other requests from callers include a “business loan using bank statements”. “bank statement loan for business”, and “bank statement financing” are also requested.
What is the maximum we can get?
The bank statement loan line size depends upon the total dollar amount of deposits per month and the average daily balance. Time in business is looked at. There is no minimum credit score.
Is this product available nationwide?
Yes. This product is available in many cities. Business owners can speak with local representatives. It is available in Canada. It is not available in Puerto Rico or other U.S. Territories.
How long does funding take under the bank statement loans program?
First submit your bank statements. Approvals are obtained in 24 to 48 hours. Funds are wired into your business checking account within 24 hours of receiving completed closing documents.
How long is the repay time?
The term of these bank statement loans are between 2-18 months. Term options depend on cash flow and time in business.
Overdrafts and Insufficient Funds days. A Maximum of 5 per month are preferred.
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