Loan Qualifications Criteria
A small business loan program gives business owners in the vapor industry the opportunity to borrow money based on the business’s gross verifiable monthly sales without the owner’s personal credit score getting in the way. Unlike a bank loan, which is a long loan process, our small business loans is a quick funding process and an alternative financing option that has an average funding time for approved accounts of one to two days from the time all the paperwork is submitted. No collateral required for funding. A business can potentially qualify for this quick funding program with the best rates regardless of bad credit. There are several factors that may go into determining the amount the business qualifies for.
Merchant Cash Advance Basic Qualification criteria
A merchant cash advance program is ideal for businesses that process credit cards for a majority of their payments. The amount of quick funding that a merchant qualifies for a merchant cash advance is directly correlated with the volume of credit cards they process on a monthly basis. A merchant cash advance is an alternative financing program that is the purchase of a business’s future credit card sales. The amount advanced is based on several factors:
Note: If you have been declined for a funding or loan products by any other company, give us a call with your declined account information, or fax a copy of the declined application to 305-571-6844. It is very likely that you will be approved by our funding department.The approval rate for the majority of our alternative business financing programs is over 90%.
SPS has been providing merchants with small business loans and cash advance since 2007. Over the past three years we have directed our attention to the growth and demand of the e-cigarette retailers. Even though many were start ups with little or no experience, lack of stability and lacked good credit scores, we have been able to fund. We are very happy to help out this growing wave of entrepreneurs. They have become repeat customer and have established close relationships with our funding team. Over the past three years SPS has become the "go to" source for the vapor funding industry. Our minimum loan or cash advance starts at $5000 and can range up to $600000.If you are not sure about this product, have never dealt with a loan or cash advance then just give us a call for a NO obligation consultation. Give us a call 1-888-984-5969
NEW LENDING SOLUTION FOR *QUALIFIED BUSINESS OWNERS
on a 6 or 12 or 24 month loans for qualified businesses.
Ability to lower the cost to borrow upon early loan payoff.
Fixed payments to help you budget.
Limited documentation compared to traditional bank
loans—Decisions are not based off Tax Return income.
Wider credit window compared to traditional bank loans.
Required to change your credit card processor.
Other programs available for non qualified business owners.