Category Archives: Articles

Articles

August 12, 2017.  Please review articles as needed as a resource.  If you determine a need for financing,
you can complete the online application below.

Complete the Secure 15 Second App, or Full App.
Or Call us at Tel:  1-919-771-4177, or Send E-Mail

Favored Industries

August 20, 2017.

What are Favored Industries?  Definition of Favored Industries and Preferred Industries:

Favored Industries are industries that are more desired and sought after by businesses who try to establish relationships and provide Goods and Services to them.

Examples of Favored Industries and Preferred Industries:

Automotive Repair, Dentists, Dental Practices, Physicians, and Medical Practices, as well as  Beauty Salons, Gift, Novelty, and Souvenir Stores and Shops.    Additional businesses likely to receive approvals include Restaurants, Electrical Contractors ,Furniture Stores, and Chiropractors.
Plumbing, HVAC Contractors, Hotels, Sporting Goods Stores, Grocery Stores, Gas Stations, General Merchandise Stores, Bars,  Nail Salons, General Retailers, as well as Electronics Stores are also considered Preferred or Favored.
Food and Health Care Stores, Clothing Stores, Cleaning Services, and Veterinary Services are also considered more desired businesses to market to.

More Favored Industries

Another group includes Home related businesses, such as Home Health Care Services, Home Furnishing Stores, and Hardware stores.
Optometrists, Automotive Parts and Accessories Stores, Beer, Wine and Liquor Stores, Hardware Stores, and Jewelry Stores.
Other Favored industries, Target Industries or Targeted Industries include:
Supermarkets, Grocery Stores, and Convenience Stores.

If your business is not considered a Favored Industry or Preferred Industry and
you need financing, contact us below.

Complete the Secure DocuSign Application.
Or Call us at Tel:  1-919-771-4177, or Send E-Mail

Optometry Centers, Glasses and Contacts
Party Supply Stores, Pet Merchandise, Pharmacies, Specialty Stores or Specialty Department Stores.   Sporting Goods Stores, Toy Stores, Hobby Stores and Pet Shops.
Barber Shops, Beauty Shops and Beauticians.
Dry Cleaning  and Laundry, such as Coin Laundry.
Hair, Nail and Skin Care Stores,  and Health Spas are all more Examples of Favored Industries.
If your business is considered a Favored Industry or Preferred Industry, other businesses will cater to your business more than to other business types in other industries.   Another advantage is getting better Terms on Goods and Services.

Favored Industries
Information on Favored Industries

Frequent request for assistance has been by those stating the following situations:
– “What is a Favored Industry?”.
-“What is a Preferred Industry?”

Learn more about Preferred Industries.

Recent examples from the Web:

Loans to Preferred Industries

 

Proof of Insurance on Collateral

Definition of Proof of Insurance.  What is Proof of Insurance?

August 19, 2017.   Proof of insurance on Collateral is required for many types of transactions and contracts, including business loans.

Examples of a Proof of Insurance.  

A business owner is approved for a business loan.   One of the requirements for closing is to show Full Coverage insurance.   If the business owner does not have insurance, or full insurance on the Assets, they can consider other types of business loans that do not require it.  For one of these options, contact us below at SmallBusinessLoansDepot.com for several options.

Complete the Secure DocuSign Application.
Or Call us at Tel:  1-919-771-4177, or Send E-Mail

Did you know?

Customers cannot always show evidence of Insurance.
What can you do if you cannot show Proof of Insurance for a business loan?
You can quickly get low cost insurance to show the coverage you need.   This is
probably the best option if you need to get business funds soon and are already
approved for a loan.

Proof of Insurance
Does your Transaction require Proof of Insurance

Get funding through a different type of loan which
may not need to show Full Coverage Insurance, including a Bank Statement Loan, an Accounts Receivables loan, and also a loan based on Stocks.

Why is Insurance needed?   Can Insurance be waived?
If Insurance is needed to complete a Transaction, it will not likely be waived because the Lender needs collateral coverage.
Insurance covers the replacement cost of the Asset and the Lender may be approving the loan based on the asset.  The Lenders needs insurance because if the Collateral is damaged, a total loss or stolen, the Lender cannot recoup their losses.   If the Lender does not have this coverage, they probably would not have approved that type of financing.

So if you cannot get and afford full coverage insurance, then instead you can also look at other business loan options.

The following are frequent requests and statements:
– I do not have insurance and full coverage insurance on my Collateral.
– Cannot show proof of insurance on my Collateral, Asset or Equipment.
– I need a business loan without  Proof of Insurance.

Learn more about Proof of Insurance.

Recent examples from the Web and more Articles from the Web:

Full Coverage Insurance 

 

Background Check for business loans

Definition of background check.  What is a background check?

August 19, 2017.   A background check is when there is an investigation into the history of a person or company.    This may include criminal history, civil suits history, credit checks, employment history, educational history, tax history and other checks.

Examples of a background check and background history review.  

A business owner applies for a business loan and are approved.
One of the closing stipulations is to get and review the background history of the business owner.
If the business owner cannot pass a background history review, they should consider other types of business loans that do not require it or for which background information on the applicant is not heavily scrutinized.  To get a business loan with a criminal history, or if you cannot pass a background information review, contact us below at SmallBusinessLoansDepot.com for several options.

Complete the Secure DocuSign Application.
Or Call us at Tel:  1-919-771-4177, or Send E-Mail

Did you know?

Customers cannot always pass a criminal background check for a business loan.
What can you do if the owner cannot pass a check on their past history for a business loan?

Background Check
Get a business loan without a background check or if you cannot pass a background check

Good news.   There are other options.   Call us to discuss other options.   Explain what will show up on your record and we will offer other options that can work.

Background history reviews are done for many reasons.   Most often they are completed when someone is requesting a product or service, or entering into a Contract or Relationship with someone else.   They are not always looked at the same way.   What is looked for is totally up to the party that is pulling the report and also what they decide about the information.

The following are frequent requests and statements:
– I do not want and will fail a background check, as well as:
– Cannot pass a background report check.
– Need a business loan without a personal history check.

Learn more about background reports.

Recent examples from the Web:

Business News articles 

 

 

 

Closing stipulations

Definition of closing stipulations

August 19, 2017.

What are Closing stipulations?

Items that are required to finalize a transaction.  These may be for any type of transaction or contract.   They are frequently required for loan, lease and Real Estate purchase Contracts.
Examples of Closing Stipulations.

1. Copy of current driver’s license.
2. Copy of Business License.
3. Copy of voided business check.
4. Bank Verification such as DecisionLogic, Join me, or direct Login info.
4.  Proof of Insurance.
A. Proof of Business Insurance.
B. Proof of Insurance on an Asset.
5. Proof of Income.   This may also be proof of business income.
6. Landlord Contact information.
7.  Proof of Ownership of the business.
8.   Most recent year business tax return.
9.  Proof of payoff letter from another lender.
10.   Payoff letter from another lender.
11.  Background Check for business loan.   The lender will do a background
check on you personally.

If you cannot provide items required to complete a Contract such as
a business loan and need another option, click on the link below.   We can
provide financing options without the many Stipulations required by others at Smallbusinessloansdepot.com.

Complete the Secure DocuSign Application.
Or Call us at Tel:  1-919-771-4177, or Send E-Mail

Did you know?

Many customers cannot provide all required closing stipulations.   What do you do if you cannot provide all the required items?

What are closing Stipulations?
Loan Stipulations for closing transactions such as Business Loans, business contracts and Real Estate Transactions

The best answer is to call the Lender and discuss.   Explain why you cannot provide what they are asking for.   Ask if there are substitute items you can provide in place of what they are asking for.    Required items can sometimes be negotiated or waived.

Examples of negotiating or waiving closing stipulations

For example, a closing stipulation may be last years tax return but you do not have  last years tax return due to filing an extension.    Request providing proof of filing an extension instead.   Another option is also to request waiver of the tax return altogether.

Providing Proof of Ownership.   For proof of ownership, K-1’s from a Tax return are usually listed in the Stipulations.   However, instead of a K-1, Articles of Incorporation showing shareholder ownership percentage may be accepted.  Another option is providing a Copy of a business license with the Owners name on it.

Frequent request for assistance has been by those stating the following situations:
– “Do not have the closing stipulations”.
-“Need a business loan without closing Stipulations”.
– “No closing stipulations”.

Learn more about Closing Stipulations.

Recent examples from the Web:

Changes in Stipulations and requirements from Brexit fallout.

Including a long list of many other types of  stipulations.

Business loan with no tax returns?

Need to get a business loan but cannot provide business tax returns?

August 19, 2017.  Sometimes Lenders will approve you for a Business loan but then want to get a business tax return before closing.   They may not scrutinize the return but will not close the business loan with no tax returns.  The Lenders are making sure the business is not delinquent in filing returns.

Example of what to do if you need to get a business loan with no tax returns.

A business applies for a loan and is approved.   However, the Lender requires the most recent tax return or 2 years tax returns.   If you are a new business, or have filed an extension, your business cannot provide this information.

If your business cannot provide Tax Returns, then:
Before applying, ask if Business Tax Returns will be required.  If so, apply for a business loan product that does not require returns.   Click on the 15 second app for business loans that do not require a business tax return.

Business Loan with no Tax Returns
Want a business loan but do not have Tax returns?
Choose these options

Complete the Secure DocuSign Application.
Or Call us at Tel:  1-919-771-4177, or Send E-Mail

Lenders will not scrutinize the returns even if they require them.   They will not review Gross and Net Profit, Business Tax Write Offs and other parts of the return.  However, if they ask for a return, you have to provide it.

Business owners are often afraid to provide a return because they show a net loss.  What can you do?  Apply for programs that do not require business returns.   Ask the lender in advance how closely the return will be scrutinized.  Many loan programs will just get the return to verify it has been filed.

The request for returns are also part of  “closing stipulations”.    Other items that are usually required for closing stipulations include a copy of current driver’s license, in addition to a clear copy of voided business check,  copy of business license.

Frequently asked questions, requests and also statements.

1.   “I need a business loan without tax returns.”
2.  “Looking for a business loan with no tax returns.”
3.  Need a no tax return business loan.
4.  Cannot provide tax return for business loan.
5. I don’t have any tax returns for my business yet.
6.  Filed an extension on my tax returns.   What do I do?

Business loan with no tax returns?

Bookmark our resource page.

What is subordination of debt?

What is subordination of debt?

August 12, 2017.  When a lender agrees to the subordination of debt of one of their existing customers to another lender.   This puts them secondary and behind in the lien position to the company they are agreeing to subordinate their customer to.

Example of subordinating debt:

A business applies for a loan but the lender cannot close the loan because a different lender already has a lien on the same assets of the borrower.

The subordination of debt issue has become even more of a hurdle when customers have one or more Merchant Cash Advances and tries to get a different type of loan.

Accounts receivables lenders and many other lenders have issues closing their financing due to existing Merchant Cash Advances.   A Merchant Cash Advance provider may already have a blanket lien on all furniture, fixtures and receivables on the customer’s UCC listing.

This means that the new Lender as well as any other Lender cannot put a lien against the receivables.  They must ask that Lender to subordinate rights to the receivables to them.   For Funding that does not require you to subordinate debt, contact us below and get started.  
Complete the Secure 15 Second App, or Full App.
Or Call us at Tel:  1-919-771-4177, or Send E-Mail

What is subordination of debt?
Subordination of Debt

The lender that subordinates gives up their rights to that specific Collateral.   Why would a Lender be willing to give up rights to Collateral?
It is usually because the Lender took all of their customer’s Collateral for their Loan.  They did not need all of the Collateral and is really not interested in all the Collateral.
They took all of it because it was available and the customer did not object or say no.

A Lender that takes a lien on all of a Company’s assets would only try to liquidate certain Collateral if the customer defaulted.   As a result, they are often willing to give up rights to Collateral they never would have gone after anyway.

For more information on subordination of debt, visit resources such as the SBA.

Fast and easy same day business loan

August 20, 2017.  Get a fast and easy same day business loan.   Online Business Loans.   Decisions in minutes.   If approved, you can also get funding the same day.  Contact us today.
Super fast and easy same day business loans.
Complete the Secure DocuSign Application.
Or Call us at Tel:  1-919-771-4177, or Send E-Mail

FAQ’s: Frequently asked Questions, and also comments in addition to requests in the
last 30 days.
– “I need to get a business loan today”
– “I need a fast and easy business loan today”
– “Need to get a business loan without a lot of paperwork”
–  We need Emergency cash flow immediately for our business.   Our business has run out of Cash.   We need a fast cash infusion into our business.    We need funds to keep from going out of business and losing our livelihood.

Fast and easy same day business loan
Same day business loans fast and easy

Benefits:

How long will it take to get funding?
If Approved your business may get funding same day.   Some cases will take longer
on a case by case basis, the State you are in and also the details of your company
profile.

How long is the term?
Terms up to 10 years.   In addition, you can pay the loan back as soon as 3 months and receive early prepayment benefit in many cases.    Approvals and offers may also be for shorter terms as well.  Terms as short as 60 to 180 days are available.

Is there a Pre-Payment benefit?
Outstanding Pre-payment benefit on many offers.   Pre-pay the funding after only 3 months with no penalty.   Low total repayments and also early payback are also additional benefits.

These are the most frequent requests.    Our program specializes in helping your business if it needs immediate funding.   Sometimes businesses run into an immediate need due to an emergency.   So if your business has an emergency, we are here to help you.

Don’t spend another day with SBA Loans and regular bank loans.   Get funding super fast for your business and also no long list of requirements to close.   Super fast responses to your request in addition to fast business loan approvals and funding.

Representatives service the following cities in the Western Region and can be contacted.

Alaska, Hawaii and California

In Anaheim, CA and Anchorage, AK. Bakersfield, CA and also in Carlsbad, CA. Chula Vista and also Fontana, CA. Fremont, CA and in Fresno, CA. Hayward, CA and Honolulu HI.  Irvine, CA and in Madera, CA. Modesto, CA and also Merced, CA.  Oakland, CA and in Ontario, CA. Oxnard, CA and Riverside, CA. Roseville, CA and in San Francisco, CA. San Jose, CA and also San Diego, CA. Santa Ana, CA and in Santa Clara, CA. Santa Rosa, CA and Sacramento, CA. Salinas, CA and in San Bernardino, CA. In Santa Barbara, CA and also Santa Maria, CA. Sunnyvale, CA and in Stockton, CA. Thousand Oaks, CA and Vallejo, CA. Ventura, CA and also in Visalia, CA.

West Region:

Representatives in the following cities may also be contacted:

Nevada, Oregon and Washington:

In Bellevue, Washington and Eugene, OR. Everett, WA and in Henderson, NV.  Kent, Washington in addition to Las Vegas, NV.  Olympia, WA and also Portland.  Reno, NV and Seattle, WA. Olympia, WA and in Paradise, NV.  Portland, OR in Renton, Washington.   Salem, OR and in Seattle, WA.  Sparks, NV as well as Spokane, WA. Tacoma, WA, Vancouver, Washington and Yakima, Washington.

Arizona and Utah:

Albuquerque, AZ and Avondale, AZ.  Chandler, AZ and in Flagstaff, AZ.  Gilbert, AZ and in Glendale, AZ.  Goodyear, AZ and also Mesa, AZ. Nogales, AZ as well as Ogden, UT.  Phoenix, AZ and in Peoria, AZ.  Provo, UT and Scottsdale, AZ. Salt Lake City, UT and also Scottsdale, AZ.  Surprise, AZ and aslo in Tempe, Arizona.  Tucson, AZ, Yuma, AZ and San Tan Valley, AZ.

Colorado, Idaho, Montana, New Mexico and Wyoming:

In Albuquerque, NM, Aurora, CO.  Boise, ID and in Cheyenne, WY.  Colorado Springs, CO as well as Denver, CO.  Helena, MT and Lakewood, CO as well as Santa Fe, NM.

South Region:  

Consultants in the following cities can be called to schedule a same day appointment
or call: 

Kentucky, Virginia, Washington, D.C., and West Virginia: In Alexandria, VA and Arlington, VA. Chesapeake, VA and in Hampton, VA.  Huntington, WV and also in Kenner, VA and Lexington, KY. Louisville, KY as well as Lynchburg, Virginia.  Newport News, VA and in Norfolk, VA.  Petersburg, VA and also in Portsmouth, Virginia.  Richmond, VA and Roanoke, Virginia.  In Suffolk, Virginia and also Virginia Beach, VA.

North Carolina, South Carolina:

In Anderson, SC and Asheville, NC.  Cary, North Carolina and also in Chapel Hill, NC. Charleston, SC and in Charlotte, NC. Chattanooga, TN as well as Columbia, SC. Concord, NC and Davidson, TN. Dunn, NC, Durham, NC and Fayetteville, NC. Franklin, TN, Gastonia, NC. as also in Greensboro, NC. Greenville, SC,  Henderson, NC as well as Hickory, NC. High Point, NC, Kingsport, TN and Knoxville, TN.  In Maudlin, SC, Memphis, TN and also Morristown, TN. Murfreesboro, TN, Myrtle Beach, SC and Nashville, TN.  North Charleston, South Carolina as well as Raleigh, NC. Sanford, NC, Lenoir City, TN and in Shelbyville, TN. Spartanburg, SC, Wilmington, North Carolina and Winston-Salem, NC.

Florida:

In Cape Coral, FL, Clearwater, FL and Daytona Beach, FL. In Jupiter, FL, Fort Myers, FL as well as Ft. Lauderdale, FL. Hialeah, FL, Jacksonville, FL and Lakeland, FL.  Melbourne, FL, Miami, FL and Ocala, FL.  Pensacola, FL, Kissimmee, FL as well as Naples, FL. Orlando, FL, Ormond Beach, FL and also in Palatka, FL.   In Palm Bay, FL, Pensacola, FL and also Port St. Lucie, FL. Saint Petersburg, FL, Sanford, FL and Tallahassee, FL. In Tampa, FL, West Palm Beach, FL as well as Winter Haven, FL.

Alabama, Georgia, and Mississippi:

In Atlanta, GA, Augusta, GA and Birmingham, AL.  Gulfport, MS, Hoover, AL and also Huntsville, AL. Jackson, MS, Mobile, AL as well as Montgomery, AL. Savannah, GA,  St. Mary’s GA and also in Talladega, AL.

Arkansas and Louisiana:

In Baton Rouge, LA and Fayetteville, AR.  Forrest City, AR,  Lafayette, LA and Little Rock, AR. Metairie, LA and New Orleans, Louisiana. Baton Rouge, Louisiana, Shreveport, Louisiana and also Lafayette, Louisiana.

Oklahoma and Texas:

In Arlington, TX and Austin, TX.  Bartlesville, OK, Beaumont, TX and in Corpus Christi, TX. Dallas, TX, Edinburg, TX and in El Paso, TX.  Ft. Worth, TX, Houston, TX as well as Killeen, TX. Lafayette, LA, Mission, TX and Muskogee, OK.  Oklahoma City, OK, McAllen, TX and also in New Braunfels, TX.  Round Rock, TX, San Antonio, TX, as well as Shawnee, OK.  Sugarland, TX, and The Woodlands, TX as well as Tulsa, OK.

Midwest Region:
Representatives in the following Midwest cities can be contacted:

Illinois, Indiana, Wisconsin:

In Anderson, IN, Carmel, IN, and Aurora, Illinois.  Chicago, Illinois, Elgin, Illinois as well as Rockford, Illinois.  Joliet, Illinois, Lee’s Summit, Missouri and in Naperville, Illinois.  Springfield,  Illinois,  Peoria, Illinois and also in Elgin, Illinois.  Waukegan, Illinois, Cicero Town, Illinois as well as Champaign, Illinois.  Bloomington, Illinois, Decatur, Illinois and Eau Claire, WI.  Fort Wayne, IN, Gary, IN and in Indianapolis, IN.  Madison, WI, Milwaukee, WI and Naperville, IL.  Green Bay, Wisconsin, Kenosha, Wisconsin, and Peoria, IL.  Racine, WI, Springfield, IL and also Waukesha, WI.

Michigan and Ohio:

In Akron, OH, Ann Arbor, MI and Canton, OH.  Cincinnati, OH, Cleveland, OH and also Columbus, OH.  Dayton, OH, Dearborn, MI and in Detroit, MI.  Flint, MI, Grand Rapids, MI as well as Marion, OH. Maysville, OH, Muskegon, MI and Parma, Ohio.  Toledo, OH, Wilmington, OH, Wyoming, MI and also  Youngstown, OH.

Kansas, Nebraska, North Dakota and South Dakota:

In Council Bluffs, NE and Kansas City, MO.  Lawrence, KS, Omaha, NE as well as Wichita, KS.

Iowa, Minnesota, and Missouri:

In Bloomington, MN and Columbia, MO. Davenport, IA, and also Des Moines, IA.  Duluth, MN and also Independence, Missouri.  Kansas City, Missouri and Minneapolis, MN. Overland Park, MO as well as Rochester, Minnesota.  Springfield, MO, St. Charles, MO as well as St. Joseph, MO.   Springfield, Missouri and St. Louis, Missouri.  St. Paul, Minnesota and St. Cloud, MN.

Northeast Region:

New York:

In Albany, NY,  Batavia, NY and Buffalo, NY.  Cheektowaga, NY, New York City, NY as well as Niagara Falls, NY.  Rochester, NY, Schenectady, NY, Seneca Falls, NY and Syracuse, NY.

Maine, Vermont, New Hampshire and Massachusetts:

In Bangor, ME and Boston, MA. Burlington, VT, Cambridge, MA and Concord, NH. Montpelier, VT, Newton, MA as well as Portland, ME.  Providence, MA and Springfield, MA. In Warwick, MA as well as Worcester, MA.

Pennsylvania, Maryland and Delaware:

In Allentown, PA and Baltimore, MD.  Bethlehem, PA, Columbia, MD and Dover, DE. Harrisburg, PA, Lancaster, PA and in Lansing, MI.  Lebanon, PA, Manchester, PA as well as New Castle, PA.  Philadelphia, PA, Pittsburgh, PA and also Reading, PA. In Salisbury, MD, Scranton, PA and Towson, MD.  In Weirton, PA, Wilmington, DE and also in York, PA.

Connecticut, New Jersey and Rhode Island:

In Bridgeport, CT and Camden, NJ.  Hartford, CT, Jersey City, NJ as well as Milford, CT.  New Haven, CT,  New London, CT and Newark, NJ.  Norwalk, CT and Norwich, CT.  Providence, RI, Stamford, CT and also in Trenton, NJ.

Thank your for visiting our fast and easy same day business loan page.  Because the success of your business is our goal

Declined for time Time in business

August 19, 2017.  Has your business been declined for Time in Business?  If so, you want to find alternative business loan solutions.

We have business loan options for businesses that have been in business as little
as 3 months.    Contact us today by using the contact information below.

Many loan programs require businesses to be in business for at least 1 year before financing will even be considered.   Some programs require 2 years time in business at a minimum.   Traditional Banks require between 2 or 3 years time in business in addition
to Tax Returns and Financial statements.   We only require 3 months.  Start below.

Complete the Secure DocuSign Application.
Or Call us at Tel:  1-919-771-4177, or Send E-Mail

3 Month Time in business programs

With our 3 Month time in business program your business can get money in as little as two days. Provide the most recent (3) months business checking account statements and a one page application and you can be on your way to funding within 2 business days.

1 Year time in business Program.

To get more funding, another funding program options is our 1 year time in business program.

Declined for Time in Business
How time in Business affects your Business Loan request

Frequently asked Questions, FAQ’s, comments and requests:

– I was declined for Time in Business being too short. I need help.
We can help put you into a program that turns a decline into an approval and also fund your business within 2 days.

– How can I find out how long I have been in business?   What do you look at for time in business?
The time in business is how long your business has been listed with the Secretary of State in your State.  As a result, check your Secretary of State business listing in order to find  your time in business.

– I have been in business longer than the lender says.   How can I prove my time in business?
Prove your time in business through one of several ways.   Your Articles of Incorporation as well as your business license prove time in business.   Another accepted proof of time in business is also business bank statements.

– What is TIB?
TIB stands for time in business.

Thank you for visiting our Time in Business resource page.   Questions and answers will be added as customers call in.

What is a COJ Certificate of Judgement?

What is a COJ Certificate of judgement?

August 19, 2017.  A COJ Certificate of Judgement is a legal document Lenders can use to take quick and easy legal action against their customer.

When the Merchant Cash Advance company declares a default, a completed COJ Certificate of Judgement allows MCA companies to easily take legal action against a merchant.  This usually happens without traditional court proceedings or a trial.  The Merchant has already providing a notarized signature authorizing the Merchant Cash Advance company to get a default judgement or summary default judgement against them.

What are your options ?
Get a MCA Merchant Cash Advance or business loan without a COJ Certificate of Judgment. We have business loan programs that DO NOT require a COJ, including Merchant Cash Advance programs.    Apply now, below to get this type of financing.

Complete the Secure DocuSign Application.
Or Call us at Tel:  1-919-771-4177, or Send E-Mail

Request

What is a COJ Certificate of Judgement?
What is a COJ Certificate of Judgement?

FAQ, Frequently asked Questions, comments and different ways to stop, get out of, and deal with the COJ Certificate of Judgement process

How can I stop or get help to get me get out of a COJ Certificate of Judgement proceeding?

If you feel a Lender is about to take action against you, you can contact the Lender to try to come to a last minute agreement on a repayment plan or settlement.
This shows the lender that you are still trying to work with them and reduce their losses.   The lender may still decide to negotiate with you and agree to a workout solution.

Should I close a loan if the lender is asking for a COJ Certificate of Judgement?
First decide what is the likelihood of your defaulting.    If you feel there may be too much of a chance of your having cash flow problems, try to obtain a business loan that does not require this.   Apply with us above.

Should I worry that the lender will take action against me when they have a Certificate of Judgement?
It depends on the Company you are dealing with and your cash flow situation.  Most Funders or Lenders normally do not follow through and take court action with the COJ Certificate of Judgement unless the customer intentionally and actively does one or more of the following:
1) Does not communicate with the Funder or Lender, such as avoiding calls and not reply to correspondences.
2) The merchant makes no effort to make payment arrangements, settlements, or
come to some agreement with the Lender.
3) The Merchant stops payment on their daily advance causing the daily Merchant Cash
Advance payment to not be paid and rejected.
4) The Merchant closes their business checking account and the daily Merchant Cash
advance payment bounces and is rejected.
– The Merchant disappears or vanishes.

More FAQ’s Frequently asked COJ Certificate of Judgement Questions:

What can a lender do to me with a Certificate of judgement?
The lender can get a court that day to automatically request and receive a default judgement.   Once they receive this, they can contact your Banks and have available funds debited to pay your debt with them.
Read the Certificate closely.   Clearly understand under what circumstances the COJ Certificate of Judgement allows the Lender to take Court action against your business.

Can the Merchant Cash Advance company shut down my business and shut my doors?
In practice no.  While there may be language in the contracts that states they can do this,
this is rarely done in practice.   If the Merchant is making a good faith effort to payoff the debt or even come to a workout solution, this will rarely happen.  Even rarer will be for the lender to come to the physical location and attempt to lock the doors.   This can be challenged.

How can I get a MCA Merchant Cash Advance or business loan without a COJ Certificate of Judgement?
Contact us above today.    We offer many business loans that do not require this.

How can I protect myself against a COJ?
Get a business loan or merchant cash advance that does not require a COJ Certificate of Judgement.   In addition, you can ask a Lender if it is required when you first apply.

If your business is behind on a Merchant cash advance, try to work with the lenders as much as possible on a workout solution.   When you work with the lenders as much as possible, their tendency is much more to not exercise a COJ Certificate of Judgement.

Third party options involving a COJ Certificate of Judgement

We are of the opinion your business should not hire or contract with a Debt Settlement relief Company.   Lenders do not like these arrangements.   Their contract is with your business, not a 3rd party.

Can I get an attorney to take Court action to get me out of a COJ Certificate of Judgement?
This will be difficult.   If your business has defaulted and the Funder has declared a default, there may be little that can be done quickly.    You can seek counsel quickly to determine your options and if legal intervention on your part is still possible and makes sense.   There may be Bankruptcy relief options as a last resort although workout solutions are usually a better and less drastic action.

I am not signing a COJ Certificate of Judgement.
You do not have to sign it.   You can look for a lending program that does not require this.
We offer multiple programs without a COJ.

How do I know the Lender won’t take action against me anytime once they have a COJ Certificate of Judgement?
If you have not defaulted, then action on the Lender’s part should not be expected.

Click below to find out about Alternative Loans to a Merchant Cash Advance.

Representatives service the following cities in the Western Region and can be contacted.

Alaska, Hawaii and California

In Anaheim, CA and Anchorage, AK. Bakersfield, CA and also in Carlsbad, CA. Chula Vista and also Fontana, CA. Fremont, CA and in Fresno, CA. Hayward, CA and Honolulu HI.  Irvine, CA and in Madera, CA. Modesto, CA and also Merced, CA.  Oakland, CA and in Ontario, CA. Oxnard, CA and Riverside, CA. Roseville, CA and in San Francisco, CA. San Jose, CA and also San Diego, CA. Santa Ana, CA and in Santa Clara, CA. Santa Rosa, CA and Sacramento, CA. Salinas, CA and in San Bernardino, CA. In Santa Barbara, CA and also Santa Maria, CA. Sunnyvale, CA and in Stockton, CA. Thousand Oaks, CA and Vallejo, CA. Ventura, CA and also in Visalia, CA.

West Region:

Representatives in the following cities may also be contacted:

Nevada, Oregon and Washington:

In Bellevue, Washington and Eugene, OR. Everett, WA and in Henderson, NV.  Kent, Washington in addition to Las Vegas, NV.  Olympia, WA and also Portland.  Reno, NV and Seattle, WA. Olympia, WA and in Paradise, NV.  Portland, OR in Renton, Washington.   Salem, OR and in Seattle, WA.  Sparks, NV as well as Spokane, WA. Tacoma, WA, Vancouver, Washington and Yakima, Washington.

Arizona and Utah:

Albuquerque, AZ and Avondale, AZ.  Chandler, AZ and in Flagstaff, AZ.  Gilbert, AZ and in Glendale, AZ.  Goodyear, AZ and also Mesa, AZ. Nogales, AZ as well as Ogden, UT.  Phoenix, AZ and in Peoria, AZ.  Provo, UT and Scottsdale, AZ. Salt Lake City, UT and also Scottsdale, AZ.  Surprise, AZ and aslo in Tempe, Arizona.  Tucson, AZ, Yuma, AZ and San Tan Valley, AZ.

Colorado, Idaho, Montana, New Mexico and Wyoming:

In Albuquerque, NM, Aurora, CO.  Boise, ID and in Cheyenne, WY.  Colorado Springs, CO as well as Denver, CO.  Helena, MT and Lakewood, CO as well as Santa Fe, NM.

South Region:  

Consultants in the following cities can be called to schedule a same day appointment
or call: 

Kentucky, Virginia, Washington, D.C., and West Virginia: In Alexandria, VA and Arlington, VA. Chesapeake, VA and in Hampton, VA.  Huntington, WV and also in Kenner, VA and Lexington, KY. Louisville, KY as well as Lynchburg, Virginia.  Newport News, VA and in Norfolk, VA.  Petersburg, VA and also in Portsmouth, Virginia.  Richmond, VA and Roanoke, Virginia.  In Suffolk, Virginia and also Virginia Beach, VA.

North Carolina, South Carolina:

In Anderson, SC and Asheville, NC.  Cary, North Carolina and also in Chapel Hill, NC. Charleston, SC and in Charlotte, NC. Chattanooga, TN as well as Columbia, SC. Concord, NC and Davidson, TN. Dunn, NC, Durham, NC and Fayetteville, NC. Franklin, TN, Gastonia, NC. as also in Greensboro, NC. Greenville, SC,  Henderson, NC as well as Hickory, NC. High Point, NC, Kingsport, TN and Knoxville, TN.  In Maudlin, SC, Memphis, TN and also Morristown, TN. Murfreesboro, TN, Myrtle Beach, SC and Nashville, TN.  North Charleston, South Carolina as well as Raleigh, NC. Sanford, NC, Lenoir City, TN and in Shelbyville, TN. Spartanburg, SC, Wilmington, North Carolina and Winston-Salem, NC.

Florida:

In Cape Coral, FL, Clearwater, FL and Daytona Beach, FL. In Jupiter, FL, Fort Myers, FL as well as Ft. Lauderdale, FL. Hialeah, FL, Jacksonville, FL and Lakeland, FL.  Melbourne, FL, Miami, FL and Ocala, FL.  Pensacola, FL, Kissimmee, FL as well as Naples, FL. Orlando, FL, Ormond Beach, FL and also in Palatka, FL.   In Palm Bay, FL, Pensacola, FL and also Port St. Lucie, FL. Saint Petersburg, FL, Sanford, FL and Tallahassee, FL. In Tampa, FL, West Palm Beach, FL as well as Winter Haven, FL.

Alabama, Georgia, and Mississippi:

In Atlanta, GA, Augusta, GA and Birmingham, AL.  Gulfport, MS, Hoover, AL and also Huntsville, AL. Jackson, MS, Mobile, AL as well as Montgomery, AL. Savannah, GA,  St. Mary’s GA and also in Talladega, AL.

Arkansas and Louisiana:

In Baton Rouge, LA and Fayetteville, AR.  Forrest City, AR,  Lafayette, LA and Little Rock, AR. Metairie, LA and New Orleans, Louisiana. Baton Rouge, Louisiana, Shreveport, Louisiana and also Lafayette, Louisiana.

Oklahoma and Texas:

In Arlington, TX and Austin, TX.  Bartlesville, OK, Beaumont, TX and in Corpus Christi, TX. Dallas, TX, Edinburg, TX and in El Paso, TX.  Ft. Worth, TX, Houston, TX as well as Killeen, TX. Lafayette, LA, Mission, TX and Muskogee, OK.  Oklahoma City, OK, McAllen, TX and also in New Braunfels, TX.  Round Rock, TX, San Antonio, TX, as well as Shawnee, OK.  Sugarland, TX, and The Woodlands, TX as well as Tulsa, OK.

Midwest Region:
Representatives in the following Midwest cities can be contacted:

Illinois, Indiana, Wisconsin:

In Anderson, IN, Carmel, IN, and Aurora, Illinois.  Chicago, Illinois, Elgin, Illinois as well as Rockford, Illinois.  Joliet, Illinois, Lee’s Summit, Missouri and in Naperville, Illinois.  Springfield,  Illinois,  Peoria, Illinois and also in Elgin, Illinois.  Waukegan, Illinois, Cicero Town, Illinois as well as Champaign, Illinois.  Bloomington, Illinois, Decatur, Illinois and Eau Claire, WI.  Fort Wayne, IN, Gary, IN and in Indianapolis, IN.  Madison, WI, Milwaukee, WI and Naperville, IL.  Green Bay, Wisconsin, Kenosha, Wisconsin, and Peoria, IL.  Racine, WI, Springfield, IL and also Waukesha, WI.

Michigan and Ohio:

In Akron, OH, Ann Arbor, MI and Canton, OH.  Cincinnati, OH, Cleveland, OH and also Columbus, OH.  Dayton, OH, Dearborn, MI and in Detroit, MI.  Flint, MI, Grand Rapids, MI as well as Marion, OH. Maysville, OH, Muskegon, MI and Parma, Ohio.  Toledo, OH, Wilmington, OH, Wyoming, MI and also  Youngstown, OH.

Kansas, Nebraska, North Dakota and South Dakota:

In Council Bluffs, NE and Kansas City, MO.  Lawrence, KS, Omaha, NE as well as Wichita, KS.

Iowa, Minnesota, and Missouri:

In Bloomington, MN and Columbia, MO. Davenport, IA, and also Des Moines, IA.  Duluth, MN and also Independence, Missouri.  Kansas City, Missouri and Minneapolis, MN. Overland Park, MO as well as Rochester, Minnesota.  Springfield, MO, St. Charles, MO as well as St. Joseph, MO.   Springfield, Missouri and St. Louis, Missouri.  St. Paul, Minnesota and St. Cloud, MN.

Northeast Region:

New York:

In Albany, NY,  Batavia, NY and Buffalo, NY.  Cheektowaga, NY, New York City, NY as well as Niagara Falls, NY.  Rochester, NY, Schenectady, NY, Seneca Falls, NY and Syracuse, NY.

Maine, Vermont, New Hampshire and Massachusetts:

In Bangor, ME and Boston, MA. Burlington, VT, Cambridge, MA and Concord, NH. Montpelier, VT, Newton, MA as well as Portland, ME.  Providence, MA and Springfield, MA. In Warwick, MA as well as Worcester, MA.

Pennsylvania, Maryland and Delaware:

In Allentown, PA and Baltimore, MD.  Bethlehem, PA, Columbia, MD and Dover, DE. Harrisburg, PA, Lancaster, PA and in Lansing, MI.  Lebanon, PA, Manchester, PA as well as New Castle, PA.  Philadelphia, PA, Pittsburgh, PA and also Reading, PA. In Salisbury, MD, Scranton, PA and Towson, MD.  In Weirton, PA, Wilmington, DE and also in York, PA.

Connecticut, New Jersey and Rhode Island:

In Bridgeport, CT and Camden, NJ.  Hartford, CT, Jersey City, NJ as well as Milford, CT.  New Haven, CT,  New London, CT and Newark, NJ.  Norwalk, CT and Norwich, CT.  Providence, RI, Stamford, CT and also in Trenton, NJ.

Thank you for visiting or information resource!