Category: Video

Transcript: How to Get an MCA Cash Advance

[ city street sounds ] Will Sanio, SmallBusinessLoansDepot.com

Today’s Video: How to get an MCA Cash Advance.

What could be your first Merchant Cash Advance.

Start the process anytime by Tapping apply on the Bottom right of this Screen,
or tapping on the end screen of this Video, or on the Apply Button on the Webpage.

See if your Business can afford a daily, weekly, or monthly payment.
First, calculate an estimate of what your new daily Cash Advance Payment will be.

Let’s take an example:

Multiply a $10,000 offer amount times a 1.4 Rate Factor. There are 21 Payment Days most Months.
If your Offer Amount is for 7 Months, that’s 21 times 7 = 147 Payment Days.
Take the $14,000 Total Repay and Divide it by 147. That Equals $95.23 Per Payment Day
for Every $10,000.

Look at the Total Deposits of each of your last 3 Months Business Checking Account Statements.
Some States require 4 Months Business checking account statements.
[ ocean surf ] Currently California, New York, Florida, Virginia and Utah.

The minimum total deposits into your Business Checking Account should be
$5,000 a Month or more. The higher the Deposits, the more options are
available. Especially beginning at $10,000 a month.

Average Daily Balance: That is the average balance per day for the Month. [ teller counting cash ]
You want your Average Daily Balance to be at least $750, but better $1000 or higher.

Overdrafts or NSF’s. You should not have more than 5 to 7 Overdrafts or NSF’s
in any 1 Month, or it is more likely you will be declined.
If you have more, it is better to wait until you get your next statement and those are gone.

Find a Lender

that fits your Business type and talk to a Representative before applying.
That will help your business avoid unnecessary declines.

Next, apply.

If approved, request the closing docs. Get a Copy of your Driver’s License,
Voided Business Check and Proof of Ownership.

Next, Close.

Review the Contracts, and if you’re satisfied, complete the contracts and expect
funding into your Account in 2 to 4 hours. [ clock ticking ]

If you ever have repayment problems, call the Lender to discuss. That will help your business keep [ desert wind blowing ]
it’s ability to borrow again in the future.
[ city street sounds ]

In minutes and seconds. 0:16 look at alternative options 0:56 gather all documents 1:23 find a lender match 1:34 Apply 1:56 Close

[ city street sounds ][ introduction sound effect ] Will Sanio, SmallBusinessLoansDepot.com. Today’s video: How to get an alternative to a cash advance mca. Start the process anytime by tapping apply on the bottom right of this screen, or tapping on the end screen of the video, or on the apply button on the webpage.
Look at alternative options that include a line of credit style or term loans, asset based, government spa, and larger personal loans. Line of credit style and term loan options offer a weekly, bi-weekly or monthly payment.

Asset based alternatives are offered if your company has free and clear equipment, vehicles, or accounts receivables that do not have liens or money owed on them. Personal loans for higher amounts, up to $50,000 and more are another option. These look mostly at income, background and credit score. Your total annual business revenue, monthly deposits, average daily balances, overdrafts and nsf’s do matter. Make sure these look good in the weeks or months before applying for funding.

For asset based equipment requests, make a list of your equipment, including the make of your equipment. For Example: John Deere, Caterpillar, Kubota. Then add the year, model number and hours. For vehicles, include the mileage. Find copies of titles for all vehicles and take at least 1 or 2 good pictures. For accounts receivables, make an aging schedule. This is just the name and contact information of the company paying, the amount owed to your company, and the date you issued the invoice.

Match with a lender that fits the alternative to cash advance mca options your business should qualify for. Talking with a representative before applying usually can pre-qualify your business for specific programs.

Next, Apply. If approved, request the closing docs. Proof of business income, ownership, and address may be required. This means business bank statements or business license to prove your business exists legally, and who all the owners are. If the request or approval amount is high, up to $100,000 or higher, more items may be requested.

Close the transaction. For asset based loans, including equipment or vehicles, a site inspection and pictures or video of the collateral may be required. GPS installation on the equipment is usually a condition of funding vehicles such as trucks and also construction equipment. After reviewing the contracts, if you’re satisfied, complete them. Funding usually takes place within 24 hours by wire transfer or ach deposit.

In minutes and seconds.
0:17 Calculate if you can afford a third daily payment
0:52 Total Monthly Deposits: increasing or decreasing
1:03 Average Daily Balance: Minimum amount needed
1:13 Overdrafts or NSF’s: How many can I have?
1:34 Approval and Closing: What do I need?
1:50 How to avoid repayment problems: Multiple Advances
0:25

[ city street sounds ][ introduction sound effect ] Will Sanio, SmallBusinessLoansDepot.com. Today’s Video, how to get a 3rd position MCA Cash Advance.
Start the process anytime by tapping apply on the bottom right of this screen, or tapping on the end screen of this video, or on the apply button on the webpage.
Make sure you can afford a third daily payment, The Lender will be checking your profile closely. [ woman giggling ].
Let’s review an example. Multiply a $10,000 offer amount times a 1.35 rate factor. There are 21 payment days most months. If your Offer is for 8 Months, that’s 21 times 8 = 168 payment days.
Take the $13,500 total repay and divide it by 168 payment days.
That’s $80.36 Per payment day for every $10,000.
Review your last 3 months business bank statements, or 4 Months in States that require 4 Months like California. [ ocean surf sound ]
Your total monthly deposits should have increased or stayed the same. Total monthly deposits that have been increasing in the last 3 months may bring a higher offer amount. Decreasing may bring a lower offer amount.
Average Daily Balance: That is the average balance per day for the month. You want your average daily balance to be at least $750, but better $1000 or higher.
Overdrafts or NSF’s. You should not have more than 5 to 7 overdrafts or NSF’s in any 1 Month, or it is more likely you will be declined. If you have more, it is better to wait until you get your next statement and those are gone.
Match with a Lender that fits your business type. Talk to a representative first, that often avoids unnecessary declines.
Next, apply. If approved, request the closing docs.
Get a copy of your driver’s license, voided business check and proof of ownership.
Next, close. Review the contracts, and if you’re satisfied, complete the contracts and expect funding into your account in 2 to 4 hours.
If you have repayment problems with 3 advances, communicate with the lenders immediately and consistently to protect your business’ ability to borrow again in the future.

How to get another 2nd position MCA Cash Advance

In minutes and seconds.
0:23 Example: Calculate MCA Affordability
1:02 Average Daily Balance
1:12 Overdrafts and NSF’s
1:26 Approval and Closing
1:42 repayment problems with 2 Advances

[ city street sounds ], [ introduction sound effect ] Will Sanio, SmallBusinessLoansDepot.com, today’s topic, how to get another MCA Cash Advance, also known as a second position.

Start the process anytime by Tapping apply on the Bottom right of this Screen, or Tapping on the End screen of this Video, or on the Apply Button on the Webpage.

Check if you can afford another Daily payment, because the Lender will check. [ woman giggling ] First calculate an estimate of what your new daily Cash Advance Payment will be. Let’s take an example: Multiply a $10,000 offer amount times a 1.4 Rate Factor.

There are 21 Payment Days most Months. If your Offer Amount is for 7 Months, that’s 21 times 7 = 147 Payment Days. Take the $14,000 Total Repay and divide it by 147. That Equals $95.23 Per Payment Day for every $10,000.

Review your Last 3 Months Business Bank Statements, or 4 Months in States that require 4 Months like California. [ ocean surf sound ]

Your total Monthly Deposits should have increased or stayed the same.

Average Daily Balance: That is the average balance per day for the Month. You want your Average Daily Balance to be at least $750, but better $1000 or higher.

Overdrafts or NSF’s. You should not have more than 5 to 7 Overdrafts or NSF’s in any 1 Month, or it is more likely you will be declined. If you have more, it is better to wait until you get your next statement and those are gone.

Next, apply, if approved, request the closing docs. Get a Copy of your Driver’s License, Voided Business Check and Proof of Ownership.

Next, Close. Review the Contracts, and if you’re satisfied, complete the contracts and expect funding into your Account in 2 to 4 hours.

If you have repayment problems with 2 Advances, communicate with the Lenders immediately and consistently to protect your business’ ability to borrow again in the future. [ desert wind blowing ]

How to Open a Business Checking Account

How to open a business checking account. Decide on what you will name your business. Shorter relevant names are easier to remember. Avoid changing your business name in the future. Step 2: Register your Business. Go to the Secretary of State for your State. You can use this online tool, https://publicrecords.searchsystems.net/ to Search. Find your State. Choose the Company Search Option and do a Name Search to see if your chosen Business Name, or similar name, is available. If it is available, decide on a Sole Proprietorship, Partnership, LLC or regular Corporation setup. An LLC is popular with Small Businesses for the legal protection it provides it’s Owners. Purchase your Business Name. Ask your County, or City, if they require any separate Licenses. Next, get an EIN Number for your Business through the IRS. This is needed for all Businesses except Sole Proprietorships that use their Social Security Number for Taxes and Tax Returns. Gather all Documentation from Business Registration. Have your Business Name, Articles of Incorporation, or Business License and EIN Letter ready. Contact the Institution and Open the Account. Go to the Bank or Online to Open the Business Account with all of your Information: EIN Letter, Articles of Incorporation or Business License, and Business Name. All Owners need to be available and show Identification. Acceptable Identification is a valid Driver’s License, or a valid Passport. Complete setup and enjoy the account.

Closing Stipulations for Business Loans

[ race car engines ] Its time to close your business loan now, and get the funds you need.  But then the lender sends you a list of closing stipulations they need before you get your money, and you don’t have them. [ desert wind blowing ] Call us for fewer stips and the most help with documents like, proof of ownership, Tax ID and EIN, [ wind blowing ] proof of business address, passing DecisionLogic bank verification. We will get you past all the Hurdles [ motorcycle engines ] and to the Funding Finish Line. [ water bubbling ] Low credit scores OK. Apply at SmallBusinessLoansDepot.com, Or Call: 919-771-4177.

Loan on a Truck

Mike drives a Kick [beep ] Truck! But fuel prices, repairs, and tires were high, and going up ! So he called us and we got him money with a loan on a truck. Get Money against any Truck. Ford F-Series, Dodge, dually, Semi Truck, delivery, box and cargo, over the road heavy haulers, dump trucks and many more. Low credit scores OK. Do you own that truck? Find out how much money you can get today. Apply at SmallBusinessLoansDepot.com, or Call: 919-771-4177.

Loan on a Trailer

In minutes and seconds. 0:00 Introduction 0:08 Qualify 0:14 Trailers accepted 0:16 Credit 0:25 How to apply

[tires rolling on gravel road] Where does this Trailer think it’s going? It’s going to get it’s owner Kyle money for his business.
Kyle needed a Business Loan fast and had no assets. But he had a Trailer.
So we got him a Loan on his Gooseneck. Get Funds against any Trailer. Flatbed, Gooseneck, Semi Trailer, Enclosed, Lowboy, Dump, Hydraulic, Car Carrier, and many more!Find out how much Money you can get TODAY.
Apply at SmallBusinessLoansDepot.com, Or call 919-771-4177

How to Get a Large Business Loan

Some Lenders give you Loans so Small and Tiny, you can’t see them. [ vault door opening ] So, Let’s look at How to Get a Large Business Loan. First decide, how much do you need ? $50,000, $250,000, $500,000, $2,000,000 or more? [ street noises ] Search for a Lender that offers Large Business Loans. [ desert wind blowing ] Call and ask about Qualifying and Terms. Apply and get your best Chance for Approval by working closely with a Rep. Provide Cash Flow Information to show you can Repay. If you’ve been Denied, [ water splashing ] try to correct the decline reasons and get approved. After an approval, close the Transaction. Gather all Closing Items Required, Proof of Ownership, Bank Account Verification may be Required. Sign the Contracts [ woman giggling ] and get funded into your Account

Loan against Equipment

Video Transcript: In minutes and seconds
0:00 Introduction
0:02 Make a List of Your Free and Clear Equipment
0:14 Provide Cash Flow Information
0:17 Match with a Lender that Offers Loans on Equipment
0:22 Apply
0:26 Gather required Documents and Close Transaction

[ desert wind whistling ] How to Get a Loan Against Equipment.
[ engine running ] Make a List of your Free and Clear Paid Equipment.
Get Pictures and Info on [ engine idling ] Vehicles,
[ engine revving ] Rigs and Semi’s, [ revving continues ] Pick Up Trucks,
[ pressure releasing ] Construction Equipment,
[ duck quacks ] Trailers and Other Equipment.
[ counting money ] The Lender may pay off valuable pieces with a low balance.
Provide your Last Few Months Bank Statements to show Cash Flow.
Match with a Lender that Offers Loans Against Equipment.
[ desert wind blowing ] Call and ask about Amounts and Terms.
Apply and Get Your Best chance for Approval by working closely with a Rep.
[ race car engines ] Close the transaction and Gather all Closing Items.
Proof of Ownership, Titles, Pictures or More.
[ water bubbling ] Low Credit Scores OK.
Finish by signing the Contracts and getting Funded.

evening and weekend business loan

Stop calling companies that give you [ woman growling ] Thank you for calling, leave a message [ echo ] What should you do when you need a business loan, But it’s late in the Evening, or on the Weekend ? [ wind blowing ] Apply now or Call us to get a Representative and your funding started. [ water bubbling ]Low Credit Scores OK. While other Lenders have [ desert wind blowing ] stopped their processing, [ rocket engine roaring ] We are open and going strong. We have several funding options for Businesses. Line of Credit Style, Term Loans, [ restaurant sounds ] Cash Flow Based [ truck engine ] and Asset Based up to 60 Months. [ woman giggling ] Apply at SmallBusinessLoansDepot.com [ street sounds ] Or Call 919-771-4177.

business loan with criminal record

Lee had a Criminal Record in his Background from an incident 4 Years go. Now he needed a business loan with a Felony. Lenders keep declining him, after the closing background check before funding. But he had a Good Cash Flow Business. He Could Have Given Up…..but He Didn’t. Then he Called Us. We Stood by him to Get his Business Money. Apply Now, to Get a Business Loan with a Criminal Record. Including felony, DUI, Misdemeanor, Marijuana, Cannabis, Drug Convictions and More! Low Credit Scores OK. Find out how much Money you can get TODAY. Apply at SmallBusinessLoansDepot.com, or Call: 919-771-4177.