Bank Statement Loan
Bank statement loans programs for all businesses. To just watch the Video only, you can go to Bank Statement Loans Stand Alone Video page. Don’t have 3 months bank statements? Apply for less than 3 months statements program.
Don’t have Bank Statements with enough revenue? Consider an Asset based option, A similar transaction is a Sale Leaseback. To watch the video visit
Sale leaseback on equipment Video or go to full instruction
page, Sale leaseback on Equipment.
How to get a Bank Statement Loan
Supply: Last 3 months business bank statements
Tool: Desktop, laptop, tablet or phone
Step 1: Get the most recent bank statements
Will Sanio, Smallbusinessloansdepot.com. Today’s topic: How to get a business loan using bank statements. Start the process Anytime by tapping apply on the bottom right of the screen, or tapping on the end screen of this video, or the button on the webpage.
Get the last 3 months statements for your company.
VIDEO CLIP below: Get the last 3 months statements: 16 Seconds – 18 Seconds in Clip below.
TIP: Some States like California may require 4 months.
VIDEO CLIP below: CALIFORNIA REQUIREMENTS CLIP: 19 Seconds – 20 Seconds in Clip below.
Step 2: Match with a Lender
Match with a lender that best fits your business type and monthly deposits.
TIP: You can often avoid declines by first talking with a representative.
Step 3: Apply
TIP: Approvals are based mostly on your company’s total monthly deposits, average daily balances, Time in business and credit. Low credit score programs are available.
TIP: Transfers into the business account may not count, such as transfers from Savings accounts.
VIDEO CLIP below: Qualifications: 30 Seconds – 43 Seconds in Clip below.
Step 4: Close
If approved, get your closing documents: copy of your driver’s license, copy of a voided Business check.
TIP: Proof of ownership may be required.
Complete the closing docs and expect funds to be wired into your account within 2-4 hours.
VIDEO CLIP below: Funding Closing Requirements: 44 Seconds – 58 Seconds in Clip below.
Complete the application below or Call us at 919-771-4177! Are you being asked for a month to date business bank statement? Read more here or apply using the secure application button below.
Author Biography: Will Sanio, Owner of SCF Funding, dba SmallBusinessLoansDepot.com, has a Bachelor of Science Degree in Finance from the University of Tennessee, Knoxville.
Over 20 Years experience including 10 Years with Wells Fargo, formerly Wachovia Bank and First Atlanta Bank. Specializing in Traditional and Alternative lending.
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Call 919-771-4177 for more info.
✅ Credit scores below 500 and some options below are considered.
✅ Get a loan on bank statements with time in business
as short as only 3 months may be available. 1 Month Brand New Business Funding Available!
✅ Approved based on your cash flow. No collateral required.
✅ Provide the most recent 3 months 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. United States and Canadian companies only.
Many businesses have excellent cash flow and payment history. Still, they are often declined because of limited collateral or unsatisfactory personal credit. These businesses have access to capital with these programs.
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 1 to 3 business days or less. Fast closing with same day closing possible. Weekly and monthly payment programs available. See if you qualify.
Business bank statement loans include the following list of features:
- The highest approval percentage of any business financing.
- Every business has cash flow, many businesses can qualify for a loan against bank statements.
- Only 3 months bank statements requested.
- Just a short 1 page application is needed.
- Fast turnaround, one or two day approval common.
Get your business bank statement loan today. Call us now at Tel: 919-771-4177
Online closing and same day closing possible. Weekly payment programs as well as monthly payments programs for highly qualified customers.
Large business loans available. Programs for a business loan over $100,000, $150,000 and up to $1,000,000.
– Other documentation may be requested on a case by case basis.
– All programs are for U.S. and Canadian (Canada) companies only.
Contact us today. Get your business funded. Start now.
Data Secure 15 Second Info Form here.
Call 919-771-4177 for more info.
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 may be possible depending on other factors. If the businesses average daily balance is strong, the approval amount can be higher.
Some bank statement loan programs can be used similar to a line of credit. As a result, the customer uses the line and also 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 and annual or quarterly financial statements are not needed. The financing is 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.
Required to qualify or pre-qualify.
– Signed and dated application for at least 50% of ownership.
– Last 3 months complete business bank statements from main business operating account.
– For amounts over $250,000: The most recent 6 months business bank statements and first page of the most recent business tax return.
– Other requirements may apply.
General closing requirements for business bank statement financing:
– Valid and clear current driver’s license.
– Voided business check for approved account.
– Valid e-mail address for owners.
– Federal tax id number, or tin.
– Other documentation required on a case by case basis.
Other business bank statement loan customer benefits:
– New loans may be offered 60 days after closing first loan for certain programs depending on eligibility.
– Renewals and renewal options often begin at 40% pay down of balance.
– New programs for qualified businesses available that allow new funding
draws almost immediately. This can be used similar to a business line of credit.
– No standard site inspection for most clients.
– Tax liens up to $100,000 may be accepted with a repayment plan.
– Bankruptcies; 1 Year usually O.K.
– Only 50% ownership required in some cases.
– Soft credit pull for certain programs.
– No prepayment penalty for certain programs, if qualified.
The newest option is an open tax lien business loan under $10,000, which may be approvable. An irs payment arrangement is not required. 3 month to 12 month terms are available if qualified. Business with an open tax lien and no payment arrangement can be financed.
Bank Statement Loans (Video Transcript: Click to Expand)
How to get a bank statement loan
Will Sanio, Smallbusinessloansdepot.com. Today’s topic: How to get a business loan using bank statements. Start the process anytime by tapping apply on the bottom right of the screen or tapping on the end screen of this Video or the button on the Webpage. Get the last 3 months statements for your Company. [ water splashing ] Some States like California may require 4 months. Match with a Lender that best fits your business type and monthly deposits. You can often avoid declines by first talking with a Representative. Apply. Approvals are based mostly on your Company’s total monthly deposits, Average Daily Balances, Time in Business and Credit.
[ water gurgling ] Low credit score programs are available. Transfers into the business account may not count such as transfers from Savings accounts. If approved, get your closing documents. Copy of your Driver’s License, copy of a Voided Business check, Proof of Ownership may be required. Complete the closing docs and expect funds [ woman laughing ] to be wired into your Account within 2 to 4 hours.
FAQ Frequently asked questions on bank statement loans:
What is a bank statement loan and how does it work?
A bank statement loan is a loan or advance for a business based on it’s recent cash flow. The most recent three months checking account statements are submitted with an application. Approvals are based heavily on total monthly business deposits and average daily balances. Real estate is not required.
How long does funding take?
Businesses can be approved the same day. Funds can be transferred into the business checking account within 2 hours of receiving completed closing documents. Final documents received by 3 pm eastern may be funded the same day.
What is the maximum amount we can get?
The amount depends heavily on the total dollar amount of deposits per month and average daily balances. Time in business and type of business are considered. Credit scores can be as low as 400 for some programs.
Do you have weekly and monthly payment options?
Weekly, bi-weekly and monthly payment options are available to qualifying applicants.
Can we still get business funding with an IRS tax lien on my credit?
Yes. Programs are available with federal or state tax liens on the business or the owners with a payment arrangement in place. Provide documentation on the payment agreement.
Is this a hard or soft credit pull?
Many soft pull program options are available. Some programs are a hard credit pull but are excellent and may offer the highest approval to an applicant with the lowest terms.
What callers ask for when calling in:
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.