For a Cash Flow Loan, Small Business Loan Depot offers a unique cash flow loan based on the company’s gross sales. Since all business have sales, this allows almost all businesses to have an opportunity to qualify for a cash flow loan. Go to our features and benefits section to learn how you can solve your businesses cash flow needs.
For this cash flow loan, businesses can use their every day sales already on the books.
Businesses owners ask if they have significant cash flow and have demonstrated a lengthy past history of being able to amortize a long term debt, then why should they be denied based on limited collateral or unsatisfactory personal credit while have satisfactory business cash flow? We agree and can provide a cash flow loan to your business today. If your business has cash flow, we can work out a plan to get your business funding.
The Cash Flow loan features:
– Tough credit is not an issue. A program is available for almost all credit profiles
– Among the best qualification percentage of any business financing
– Every business has Cash flow, so every business has a strong chance to qualify
– Provide the most recent 3 months business bank account statements
– One page application
– Quick turnaround, a one or two day approval time is very common
– Very high approval rates
– Use this cash flow loan to obtain $10,000 to $250,000 quickly and easily for
any purpose, such as business expansion, advertising, inventory needs,
adding additional employees, new lines of business – any purpose.
– Very difficult transactions done routinely
– Your request is handled by an experienced consultant.
Complete the “Contact Us” Mini App on the menu above, or call Toll Free: 855-787-1113. Your call is free and an experienced industry professional will guide you seamlessly through the process.
The time in business required for this cash flow loan is only 3 months of cash flow statements. Once the time in business is 1 year or more, higher loan amounts can be approved. Credit scores can be as low as 500 and deposit dollar totals can be as low as $10,000 per month and 5 deposits per month. This is a relationship product and the initial approved limits are increased rapidly as this line of credit style product is reused. Businesses are able to obtain more funding through this method than with a traditional loan. If a business is approved for a traditional loan for $50,000 for 36 months, then they can get far more in working capital through this cash flow loan. With this product, if the customer is approved for $25,000 for a 6 month term all they have to do is renew every 6 months and they would end up with a total of $150,000 over the entire 36 months, which is 3 times what they would have received with the other traditional financing.
Credit score requirements for the cash flow loan are approximately 500 and higher in many instances. As the credit score increases, funding amounts will increase and the terms will improve
Call us at Tel: 919-771-4177 or Toll Free: 877-787-1113 and use your regular monthly sales to get a cash flow loan today.
Frequently asked Questions:
Question: Do we qualify? Answer: If your business has cash flow, has been in business for at least 9 months with the same owner, your business has an excellent chance to qualify for $5,000 to $150,000 depending upon that Cash Flow
Question: Do I need to complete a lot of paperwork? Answer: No. You will only need a one page application and the most recent 3 months business checking account statements. In many cases, only the most recent one month’s business checking account statement is required.
Question: What can I do if I need more working capital again later? Do I have to re apply from scratch all over again? Answer: No. Once the line has been established, you are an existing customer with us, the type that we value the most. You will have a very easy time using the credit line over and over again. In most cases, you either only need to place a call to authorize more funding, or simply provide the most recent statements to qualify for another round of this cash flow loan.
Question: What if I have bad credit?
Answer: The approval is driven very heavily on the cash flow. Even if you have difficult credit, it is the cash flow of your business that will be the main factor in the approval of the line.
Question: What do you look at in the cash flow?
Answer: The monthly raw dollar amount of deposits, the number of deposits per month, and the average daily balance. The higher the average daily balance, and the more that is deposited per month, the higher the approval amount will be. The most recent three months will be looked at. If the cash flow trend is upward, a higher dollar amount cash flow loan will likely be approved compared to flat or declining monthly dollar figures.
Question: I had a recent bankruptcy in the last 2 years, does that disqualify me?
Answer: Not necessarily. It depends on how recent the bankruptcy was and how the cash flow has been since then. If the Bankruptcy is at least a few months old and the cash flow since that time has been strong, there is an opportunity for a line to be established.
SBA 504 Loan program – The SBA 504 loan program is an economic development loan program that offers small businesses business financing and also promotes business growth and job creation. Through February 15th, 2012, $50 Billion in 504 loans has created over 2 million jobs……read more
Wyoming Chiropractor uses 504 loan program to expand Medical Office……read more
Hispanic businesses need viable Business Loan options. We can provide several business loan choices for hispanic owned businesses. Lengths are between 3 months and as long as 6 years. Flexible approval criteria for almost all businesses. Low credit scores, tax liens and short time in business can be approved.
$5,000 to $250,000. Fast and easy process. Just a 1 page application. Minimal paperwork. Bad Credit is Accepted. Tax liens are accepted. Newer businesses also accepted.
We will help you get a “Hispanic Business loan” fast.
Hispanic business owners whose main language is not English often have difficulty getting business loans. Foreign nationals are often not familiar with the loan process in the United States. We provide extra assistance to these business owners. Many do not speak English and we help them get business loans.
Get a loan using business bank statements. Hispanic businesses get a loan fast and easy with this loan.
Hispanic business owners need business loans for expansion.
Business owners call in saying they need a “hispanic business loan”. Some ask for “business loans for Hispanics”. Some callers request a “Hispanic small business loan”. Other callers request a “small business loan for hispanics”. They also request a small business loan for a hispanic business.
Business Loan for Hispanics questions:
What is provided for a hispanic business loan?
You submit the same information. A 1 page application and the most recent 3 months business checking account statements.
Do you have Spanish speakers?
Yes. We have speakers fluent in Spanish.
Can I get a “Hispanic business loan” in my personal name?
No. The application must be in the business name.
Can we get longer terms? Yes. The business can get a short term loan. This would be 3 to 6 months. Over 24 months is available.
Many businesses that are just beginning need viable Start Up Business Loan options. Contact us for several start up business loan choices you can pick from. Terms are as short as 3 months or as long as 6 years. Options for all credit types including damaged credit, very low credit scores, and under 500 credit scores.
We will help you get a “Start Up Business loan” fast.
Businesses need funding at certain times for critical reasons. 6 and 9 month terms are often too short. Short term financing forces businesses to pay far more per month than they can handle. If sales are not increasing, cash flow can become even tighter than before they took out the loan.
A solution to the need for a “start up business loan” problem is a loan based on the cash flow of the business with terms the business can afford to repay. Terms as short as 3 months and as long as 60 months are available.
Don’t restrict your business’s future cash flow by being forced to take a 6, 9 or 12 month loan if it is the only loan available.
Call us and get a long term “business cash flow loan”. Many business owners call us for help. They all have similar requests.
Business owners call in saying they need a start up business loan, or a “start up loan”, and a “business start up loan”. Other very common requests are “start up small business loan”, or “business loan for start up”.
Start up business loan Frequently asked questions:
Question: Is getting a 24, 36 or 48 month term as easy as getting the shorter 6 and 9 month term business loan?
Answer: Yes. Business are just as likely to get a longer term of 24 months and longer as they are a shorter term.
Question: What do I have to provide to apply for this start up business loan program?
Answer: Complete just a 1 page application and provide your most recent 3 months business checking account statements.
Question: Do I have to provide a financial statement or any other cash flow information for this request?
Answer: You do not need to provide financial information to get approved. In some cases businesses may need to provide the most recent tax return prior to closing.
Question: Can I get approved for a “start up business loan” in my personal name?
Answer: The application must be in the business name.
According to the Bureau of Labor Statistics report dated Friday, August 24th, 10:00 A.M., 6 million workers were displaced from January 2009 to December 2011 for jobs that those workers had held for more than 3 years. This figure does not include jobs in which the workers held the jobs for less than 3 years.
As of January 2012, 56% of those displaced workers have be re-employed.
According to the Thursday August 30th, 2012 report by the Bureau of Labor Statistics, Labor productivity, defined as output per hour, rose 1.9% in wholesale trade 2.2% in retail trade, and was unchanged in food services and drinking places in 2011.
Productivity growth was lower in all three sectors in 2011 compared to 2010. Unit labor costs, rose in wholesale trade and in food services and in drinking places in 2011, but fell in retail trade.
Get a niche Medical Practice Loan based on equity in business assets such as equipment assets or on the Sales of the practice. Every practice has Sales and Equipment. Do you know you can go to our features and benefits section and find a highly experienced consultant by clicking on our contact us link? You will understand and easily learn how the 2 programs, a loan against equipment and loan based on your sales are easy methods to improve your cash flow.
Call either of the following numbers. On Mobile you can tap either Tel # link, 1-919-771-4177, or 1-855-787-1113 and press dial.
You can compose and send an E-mail to firstname.lastname@example.org now by clicking on EMail me
For this leaseback Medical Practice Loan, physicians use equity in their existing equipment, such as X-Ray equipment, Monitoring equipment, Patient tables and chairs, Scanning equipment, as well as Dental equipment, or Chiropractic equipment in a refinance for an urban or rural Medical Practice Loan.
This product will allow you to raise from $10,000 to $100,000 quickly and easily for any reason, such Cash Flow, Expansions, Marketing, Inventory, Taxes, Employees, or equipment with flexible credit requirements. Total funding which can be obtained is usually in the $15,000 to $250,000 range.
Equipment condition and age is considered. The most valuable and newest equipment should be listed first on the application. Depending upon type, older equipment with full depreciation may be eligible for the program.
Tough transactions done routinely.
Application is fast and easy with a quick funding process. Generally only a one page app.
No upfront or application fee.
Your request is handled by an experienced consultants with over 25 years experience in credit and funding business loans.
Complete the “Application” or “Contact Us” Mini App on the menu above, or call Toll Free: 855-787-1113. Your call is free and our commercial representatives will provide detailed information on features.
A significant tax savings will can be realized in this Medical Practice Loan against equipment, by being arranged in part as a lease. This allows for a significant tax savings over a traditional loan. The borrower obtains working capital for their business via the equity in their equipment as opposed to having full ownership in their equipment.
Our Medical Practice Loan allows the practice to use both Medical and Computer equipment, which increases funding amounts. Up to 80% of the value can be obtained. Further Medical equipment that can be used in this asset based Medical Practice Loan includes X-Ray equipment, Diagnostic equipment, Imaging machines, Ultrasound, MRI machines, PET and CT Scanners, Infusion pumps, Medical monitors, and blood testing equipment. Dental equipment such as delivery stations and cavitrons. Computer equipment includes Desktops, Servers, Practice Software and Servers.
Your Practice makes money by using equipment rather than owning it. This Medical Practice Loan takes the unused equity out of equipment and uses it instead for cash flow.
Physicians can consult with a specialist about the loans by visiting or calling an office in their area. Offices are located in Miami, FL, Jacksonville, FL, Nashville, TN, Little Rock, AR, Dallas, TX, Houston, TX, San Antonio, TX, El Paso, TX, Austin, TX, Ft. Worth, TX, Denver, CO, Kansas City, MO, Chicago, IL, Detroit, MI, Indianapolis, IN, Louisville, KY, Columbus, OH, Cleveland, OH, Milwaukee, WI, San Diego, CA, Los Angeles, CA, San Francisco, CA, San Jose, CA, Oakland, CA, Las Vegas, NV, Reno, NV, Portland, OR, and Seattle, WA.Boston, New York City, Albany, NY, Syracuse, NY, Pittsburgh, PA, Newark, Jersey City, Patterson, NJ, Baltimore, Silver Springs, MD, Virginia Beach, VA, Philadelphia, PA, Phoenix, AZ, Norfolk, VA, Chesapeake, Richmond, Newport News, Charlotte, Durham, Raleigh, Columbia, SC, Charleston, SC, Atlanta, GA, Savannah, Orlando, FL.
09/08/2014 – For immediate release – Southern Sports Medicine Associates completes a $250,000 short term business line for expansion. Practice president Dr. Phil Stenson announced, “With this line, Southern Sports Medicine Associates can complete it’s expansion of services within the sports medicine community in The Alabama and Georgia market. The increase in future revenues will provide expansion opportunities into Atlantic coast states.”
08/21/2014 – For immediate release – Milton Medical Associates secures a $500,000 financing line for a buildout and expansion. Dr. Donald Milton, president, stated “With the line, Milton Medical Associates will complete it’s new aesthetic center expansion and offer aesthetic, laser and spa treatments. We will become a primary provider of aesthetic services in the southeast Texas region. We look forward to working with Smallbusinessloansdepot.com and further development of our line in the future.” Dr. Milton stated that the practice will add another fully licensed physician and offer Saturday and later evening hours.
The one page app and equipment list is submitted by Fax to Fax: 919-882-8541, or E-Mailed to email@example.com. Processing time is one to three days. After approval, time for funding is approximately one to three days.
If more funding is needed, additional funding can be arranged with additional funding “Parts” or “Segments”. Total funding that can be obtained is typically in the $150,000 to $250,000 range.
Apply today, call Toll Free: 855-787-1113, get the equity out of your equipment, and put some cash flow into your business.
Due to constant advances in the Medical field, Medical equipment equipment depreciates quickly. Many types of Medical equipment becomes totally obsolete in a short amount of time. However, Small Business Loans Depot can utilize Medical Equipment that has undergone full depreciation and is several years old.
The practice may have additional financing and working capital needs after the equipment refinance product is completed. Other available programs include:
Gross Sales Cash flow loan – This financing product may be very desirable for Medical Practices as it is based on the Gross Sales and cash flow of the practice. Medical practices often have significant cash flow, so this product can provide significant Working Capital to the practice.
This Medical practice loan product is used, in effect as a line of credit. The practice provides the most recent 3 months business checking account statements and a one page application. The average daily collected balance, the amount and number of deposits per month, beginning balances, and ending balances are reviewed in order to determine the approved amount.
The customer sends in the 3 months business checking account statements and one page application. Upon approval, the customer is E-Mailed documents. The customer completes the documents and faxes them back in. A final landlord check and verbal verification is completed. Funds are wired into the customer’s account within 1-3 business days.
Repayment terms on this Medical Practice loan range from 3 to 18 months. Once the customer satisfactorily repays the line, the line size is increased. The customer is not obligated to use the available line. They can reuse the line immediately or leave it idle for any amount of time.
If the customer provides the last 1 or 2 years tax returns and they are strong, the initial line size can be greater and future line increases can be more as well.
Sample Asset based Equipment refinance transaction:
Primary Care Physician PCP, Dr. Smith, in Lexington, Kentucky, 6 Years in business, 650 credit score with a Dun & Bradstreet Paydex Score = 65. Dr. Smith provides One page application and his equipment list.
Upon approval in 2-3 days, Documents are E-Mailed to Dr. Smith. Dr. Smith completes and overnights original docs back. A final verbal confirmation takes place within a day. In most cases there is no site inspection. Funding occurs in 2-3 business days.
In most cases, Financials and Bank Statements are not required. However, if the customer’s Financials or Bank Statements are strong, the customer can opt to provide to strengthen their application. If the customer has a strong credit bureau score of over 700 or over 725, financials may not be requested. Although there is a certain dollar amount above which financials are requested for this form of financing, there is often some discretion used by the lender. If the customer has a credit score of 750, then the lender may consider an extra $10K or $20K without requesting financials for a medical practice loan compared to a customer with a 675 credit score.
The lender has guidelines that they follow but they do have the authority to stray from the guidelines to a degree if they can justify it.
The following video provides an overview of the medical practice loan program as well, including features and benefits.
Frequently asked questions:
Question: What is the maximum we should apply for?
Answer: That depends on a few factors, but in general, a good rule is to
apply for not much more than the minimum amount that you need. If your
business needs between $50,000 and $100,000, then do not apply for
$100,000 to $150,000. Some applicants think that they should apply for the maximum amount, or “go for the moon”. They believe that the more they ask for, the more they
get. This is not true. With many lenders, the more you apply for, the more difficult it is
to get approved. With many lenders, if you apply for too much, they will simply decline
the request rather than approving your business for a lower amount. If your business only needs $50,000 in working capital but applies for $150,000, then it may be turned down completely and not receive any funding. In this case, the business should apply for as close to $50,000 as they feel they can.
Question: Are there minimum credit scores that are required for funding?
Answer: For the leaseback program, a credit score of minimum 650 is needed
in most cases for a medical practice loan. For the financing based on gross sales
which is based on the practice’s total receipts, there is no minimum credit score,
although scores above 500 are preferred and having a credit score over 600 allows
for more favorable terms and larger approval amounts.
Question: How long does it take to obtain funding? Answer: For this loan, the entire process takes approximately 7 to 10 business days. Upon receiving the simple one page application, the credit process takes from one to three business days. Upon an approval, documents are sent to the customer, which is same day. It will take one to two days for the customer to return the documents. After this, the review of the documents and verbal confirmation takes two to three business days. After this, it takes approximately one to three days for the customer to receive wired funds into their account, for a total of seven to ten business days for this medical practice loan.
Question: How much can we qualify for? Answer: The amount a practice can obtain for this loan depends primarily on the time in business, business credit, personal credit and cash flow. The cash flow may be demonstrated by either the business bank statements, or financials of the company, which could be a profit and loss statement, or interim financials, or previous years financials, or some combination of these.
Question: How much paperwork will be required? Answer: For requests under $50,000 just a one page application and asset list is required in most cases. If the request is over $50,000 and the business does not have both significant and strong business credit, then the company will probably want to provide an interim P & L, Profit and Loss statement. If the most recent three months business checking account statements are available adn they are strong, the company applying will also want to provide those bank statements. If this information is available, it should not be considered as documentation that has to be provided but information that will strengthen the application.
Question: What if we are approved for a medical practice loan, but for less than we need? Answer: If your business is approved for less than is needed, in many cases, a second funding segment, or “part” may be approved. This will depend on the strength of the company, but is often possible and many applicants are approved for significant funding. In addition, there are also other funding programs available under which the applicant may obtain funding. If one program cannot provide enough funding, another may be enough to get the customer all of the funding they need.
Question: What are the terms available? Answer: Terms for the asset based loan program are 24, 36, 48 or 60 months. For the Bank Statement Financing program, terms are shorter. Terms for this program are between 3 to 18 months.
Question: Is there an early payoff provision? Answer: Some of these medical practice loan programs are set up in part as a lease transaction for which the early payoff provisions are not as attractive as with other types of financing. In exchange, the tax write of advantages are often the most favorable of financing programs, often rivaling the mortgage loan deduction write off advantage.
Question: How can we qualify for a larger amount, such as $75,000 or $100,000 or more? Answer: In most cases, providing strong financial statements with increasing Gross sales and increasing net income will provide a strong boost in an effort to qualify for a larger amount. Another way is to prove the longest time in business possible. For instance, many businesses are not incorporated when they are first established. In many cases, they begin as sole proprietors or partnerships. These entities do not show up at the Secretary of State in most states. If a company began as a sole proprietor and remained as a sole proprietor for 5 years, then incorporated for 5 years after that, they may only been credited with 5 years in business. The lender will check with the Secretary of State and see only 5 years.
In cases such as this, the physician applying for a medical practice loan can provide the oldest business licences they can find to prove the full time in business. Another option is to provide the oldest financial statements available or schedule C they can obtain. This documentation will demonstrate 10 years in business which, all things equal, is considered significantly stronger than 5 years time in business. Some lending institutions, particularly traditional lending institutions do not seriously consider businesses with less than 3 years in business and will not provide loans, especially loans of significant amounts unless they the medical practice is more than 5 years old. As such, being able to prove more than 10 years in business in such an example will be especially helpful for a practice applying for a medical practice loan.
Question: Can we apply and qualify for a medical practice loan just in the business name?
Answer: While some Corporation only loans are approved, the vast majority of requests and approvals require the owner’s credit profile to be reviewed and on the paperwork as a signer at closing. For a company to have an opportunity for a Corporation only request, the time in business needs to be a minimum of 5 years with 10 years or more preferred. The company needs to have a strong business credit file with the major business credit agencies. A Paydex score of 70 or higher is required. Gross receipts will need to be strong, often over $1,000,000 per year. If the business is very strong on other areas, gross receipts less than this will be considered. The companies financials have to be provided and they have to be strong. Increasing gross sales and net sales are expected. The minimum net income reported is preferred to be $100,000 or more in most cases. Interim financials are requested and the same is requested for the interim financials.
Practice Analysis: How to determine what types of loans your practice should look at.
Many business owners, including medical practices, first decide which type of loan they want and like the best, then apply for that specific type of loan.
The first step in the process is to consider what are the practice’s strengths, such as cash flow, equipment, patient records, financials, etc.. Then look at which loans best match up with these strengths. Try to find out the guidelines and approval criteria for those loans, and along with your chief financial officer or a representative of those programs, determine which of these program your business is most likely to qualify for. Once you have determined which programs your practice will, or most likely will qualify for, list them in priority based on your practice’s needs and which will work better for your cash flow and medium to long term plans.
Is it really that significant to choose a loan that only uses some of your collateral? After all, I’ll pay it off soon enough. There are at least 2 major reasons to place major significance on financing that only uses part of the practice’s collateral. The first one is that it gives the practice much more opportunity to acquire additional loans if in 1 or 2 years it unexpectedly realizes it could use additional financing for other purposes. If this occurs, the practice will have collateral available that it may be able to leverage for other financing. The 2nd reason is that if there is an unexpected downturn in business or natural disaster and the practice has difficulty paying the loan, it will be less likely that the entire practice is in jeopardy.
Thank you for visiting our Medical Practice loan resource page!
Visit the SBA and learn how to create a business plan. Help with financial statements is available.
Will cash flow loans and their portfolios become as significant and large as traditional loans, including collateral based loans in the future?
It seems so. Since the recession of three years ago, many business’s credit and the personal credit of the owners was hurt. Businesses needed working capital but banks were, and are still, balking at making loans to all but the most top shelf companies.
Loans based on the company”s cash flow, as proven by their bank statements and tax returns will become increasingly prominent in the industry. Companies which offer such loans will also come into existence in greater numbers and offer more diverse products to satisfy the increasing demand of these loans.
After all, many business owners wonder, if my credit has been hurt in the recent past, but my company’s cash flow is now excellent even if my credit has not caught up, why don’t you do a loan based on my proven cash flow? The answer, more and more, will be – Yes, we will