SBA 7a

• Lightning
  • $50,000 to $150,000
  • Based on (up to 30% of) gross revenue (can show a profit loss on recent tax return)
  • Uses of Funds: Working capital only
  • Rate: Prime + 3.75% (currently 11.25%)
  • Pre-approvals based on SBA E-Tran score, Experian Intelliscore, D&B Paydex, and Lumos Data
  • Term: 120 months (no pre-payment penalty) 
  • Application to closing: 30 days
• 350K
  • $200,000 to $350,000
  • Uses of Funds: Working capital, Debt consolidation, Equipment, Inventory, Growth/Expansion 
  • No need for hard collateral or adding lender to life insurance policy
  • Less stringent underwriting than Jumbo 7a loans
  • Term: 120 months (no pre-payment penalty) 
  • Application to closing: 60 days
• Jumbo
  • $350,000 to $5 million
  • Uses of Funds: Working capital, Debt consolidation, Equipment, Inventory, Growth/Expansion, plus Business acquisition, and Commercial real estate purchase/refinance (100% LTV) 
  • Likely requires hard collateral and adding lender to life insurance policy
  • Term: 120 months (no pre-payment penalty) 
  • Application to closing: 60 days

Revenue Advances

• $50,000 to $5 million
• Minimum monthly revenues: $20,000
• Minimum time in business: 6 months
• Minimum personal credit score: 600
• Payback rate: 25% – 40% (less than 10% for A+ borrowers)
• Payback term: 6 – 24 months
• Application to Funding Timeframe: 2-3 business days
• Very minimal documentation

Business Term Loans

• Company Size (Avg. Annual Revenue) $400,000 – $2 million
• Loan Size $30,000 to $300,000
• Can be used for working capital, debt consolidation, equipment, inventory, etc.
• Term Length 36-60 months
• Credit Score >660
• Unsecured and cashflow-based underwriting
• Ideal solution between long and rigorous SBA underwriting and high-cost, low doc MCAs

Business Lines of Credit

Non-Bank

• Facilities from $50,000 – $750,000
• Minimum monthly revenues: $100,000
• Minimum personal credit score: 650
• Minimum time in business: 2 years
• Cannot be virtual/home-based business operation
• Tax returns required
• Payback rate: 19% – 31%
• Payback term: 6 – 12 months
• Application to Funding Timeframe: 2-3 business days
• Much less documentation than SBA

Bank

• $25,000 to $250,000
• Easy access to funds Transfer funds into account using online banking or by phone
• Interest Rates: Starting a t WSJ Prime + 1% Annually
• Monthly Payments
• Minimum payment is Interest Only
• No collateral required
• No Draw fees
• Turnaround to closing 2-3 weeks
• Time In Business: 2 + years
• Term: Revolving, No Draw Period
• 700+ FICO 2
• US Citizen or Green Card ID required

Business Credit Cards

• $40,000 to $250,000 in total business credit limits
• Done-for-you application and negotiation process to secure 5-10 business credit card accounts
• Builds (and only reports accounts to) business credit profiles
• Full discretion for use of credit/funds
• Can be a startup/new corporate entity
• Flat-fee (with guarantee) or performance-based fee options
• Ideal for both business owners and real estate investors
• Program enrollment to first round of credit access: 3-4 weeks

Asset-Based Lending

• Ideal for B2B businesses doing $1 million to $100 million in annual revenue
• Amounts range from $500,000 to $50 million
• Ideally companies in business 2+ years (some exceptions)
• This is the only funding program also available to Canadian-based companies
• Ideal for:
  • Fast-growth companies
  • Restructuring debt
  • Growing inventory
  • Paying suppliers
  • Launching a new product line or division
• Primary assets pledged as collateral are Accounts Receivable (A/R) 
• Typical processing time from application to funding: 15-30 days

Invoice / Receivables Factoring

• You submit your unpaid invoices
• Our lending partner advances you a significant percentage of the invoice value, typically w/in 24 hours
• Your customers pay the invoice amount directly to the lending partner according to the agreed terms
• Once they receive full payment from your customer, the remaining balance is remitted to you, minus a small factoring fee
• Credit rating qualification is based on your customers’ credit, not yours

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Not sure which of these programs is appropriate or ideal for your current situation and needs? Take a few moments to fill out our no-obligation Funding Inquiry form below (no Social Security Number or credit check at this point):

• BUSINESS FUNDING INQUIRY/ASSESSMENT

  (no credit pull or documentation necessary at this phase)

• ** PLEASE NOTE ** Information entered within this form will be shared with a minimum number of select lending partners of FullyFundable for review, assessment, and consultative purposes.

  FullyFundable makes best efforts to ensure your information will not be shared or sold to any parties beyond those parties.

• Name of Person Completing Inquiry Form (social name, not formal)*
  First NameLast Name
• Are you a United States Citizen or Permanent Resident (Green Card Holder)?*
  YESNOIn Process
• Primary Business Legal Name of Company Requesting Funding*
• Company URL / Website Address (of primary business homepage)*
• Were you referred by someone outside of FullyFundable or Dan Kalis?
  NoYes
• Referral Source:
• Desired Loan/Funding Amount*
  (Range: What's the least and most amount you can put to productive use in the near future?)
• Desired Use(s) of Funding (check all that apply)*
  Working CapitalMarketing/AdvertisingHiring / StaffingInventoryBusiness Travel (Transport, Lodging) / Events / NetworkingProfessional Training / Continuing EducationEquipmentDebt Consolidation/RestructuringResearch & Development (R&D)SuppliesTechnologyConstructionExpansion (add additional location(s) of same business)Business AcquisitionOther 
  
• What (additional) types of marketing/advertising are you planning to do?
• What positions are you looking to hire?
• List Debts to be Consolidated (Creditor/Type/Balance/Payment)
• What is your urgency level for this funding inquiry?*
  We need an infusion of outside capital/credit ASAP (within 1 week)We need/want an infusion of outside capital/credit in the next 30 daysWe’re looking to line up some additional capital/credit for the next 30-90 daysWe’re just exploring my options but don’t really need any outside capital within the next 90 days
• What type(s) of funding are you open to exploring? (check all that apply)*
  SBA loan (10-year payback term; no prepayment penalty; best rates; most documentationBusiness Line of CreditBusiness Credit CardsShort Term Revenue Advance/Bridge Loan (6-12 month term; early payoff incentives; highest rates; least documentation)Equity Crowdfunding/Online Private Capital RaisingAlternative IRA (invest retirement funds in your own company)GrantsOrganic/Reverse Funding (Revenue/Profit Optimization)
• Taxable Entity Type:*
  Sole ProprietorLLCCorporationSPV / SPEOther 
  
• State of Entity Registration*
  (or state of residence if Sole Prop.)
• Company Basis (check all that apply)*
  Home-based/Remote/VirtualLease Commercial SpaceOwn Commercial SpaceCo-Working SpaceOther 
  
• Business Start Date (Month/Year) (since incorporation)*
• Industry (NAICS code, if you know it)*
• Briefly describe what your business does, who it serves, and anything unique about your products/services, business model, expertise, etc.*
• Have you ordered and reviewed any of your BUSINESS CREDIT reports in the past 6 months? (check all that apply)*
  NODun & BradstreetExperian BusinessEquifax BusinessPaydex

• FINANCIAL INFORMATION

  (for all financial #s include dollar sign & commas for clear legibility)
• Business Bank Name*
• Merchant/Payment Processor(s)*
• Average Monthly Sales (in past 6 months)*
  (please include dollar sign and commas for clear legibility)
• 2024 Gross/Top-line Revenue/Sales*
• 2024 Net Income (Profit/Loss)*
• 2023 Gross Revenue as reported on your business tax return *
  (or "On Extension")
• 2023 Net Income (Profit/Loss) as reported on your business tax return*
  (or "On Extension")
• 2022 Gross Revenue as reported on your business tax return*
• 2022 Net Income (Profit/Loss) as reported on your business tax return*
• Do you regularly carry Accounts Receivable (A/R)?*
  YesNo
• TOTAL amount of current A/R (if you don’t know by aging)
• Amount of current A/R (less than 30 days aging)
• Amount of current A/R (30-60 days)
• Amount of current A/R (60-90 days)
• Amount of current A/R (91+ days)
• Does your business own product inventory?*
  YesNo
• What types of products and how much TOTAL inventory value currently?
• Do you own back taxes to the IRS?
  NoYesUnsure
• For which years do you owe back taxes to the IRS?
  2023202220212020Older
• Are you on a payment plan with the IRS and in good standing?
  YesNoIn process of setting one up now
• How much are your total business expenses per month (average)?*
  e.g. $10,000
• How many months of business expenses do you have in cash reserves?*
  01-34-67-12More than 12
• How much available BUSINESS credit do you have (business credit cards and business lines of credit)*
• How much available PERSONAL credit do you have (personal credit cards)*

• Business Financial History

• Types of Business Loans You’ve Had Previously (check all that apply)*
  SBA 7aBusiness Line of CreditMerchant Cash Advance (MCA)Business Credit Card(s)Bank Term LoanA/R FactoringEIDL (SBA)PPP (SBA)MezzanineOther 
  
• Have you ever defaulted on any of these business loans?*
  YesNo
• Please list type of loans on which you’ve defaulted*
• Total CURRENT Commercial Debt and Monthly Payment (estimate)*
• List any ASSETS owned by your business (or personally) that could be pledged as collateral (type/class, estimated value, and available equity)*
  (or N/A if none)

• Company Ownership / Guarantors

• How many partners of the company have at least 20% ownership*
  12345

• Primary Applicant (20%+ Owner)

• Name of Applicant #1*
  First NameLast Name
• % Ownership*
• Title*
• Mobile Phone Number*
   –Area CodePhone Number
• Email Address of Applicant*
• Estimated Personal Credit Score (type actual score under “Other” if you know it)*
  800+ (exceptional)700-799 (prime)650-699 (good)600-649 (fair)< 600 (poor)Other 
  
• Primary Residence*
  OwnRent
• Property Value (estimate)
• Amount Owed on Primary Residence (estimate)

• #2 Applicant (20%+ Owner)

• Name of Applicant #2 (only if 20%+ owner)*
  First NameLast Name
• Phone Number
   –Area CodePhone Number
• Email
  example@example.com
• Estimated Personal Credit Score (Applicant #2)*
  800+ (exceptional)700-799 (prime)650-699 (good)600-649 (fair)< 600 (poor)Unsure
• % Ownership of Applicant #2*

• #3 Applicant (20%+ Owner)

• Name of Applicant #3 (only if 20%+ owner)*
  First NameLast Name
• Estimated Personal Credit Score (Applicant #3)*
  800+ (exceptional)700-799 (prime)650-699 (good)600-649 (fair)< 600 (poor)
• % Ownership of Applicant #3*

• #4 Applicant (20%+ Owner)

• Name of Applicant #4 (only if 20%+ owner)*
  First NameLast Name
• Estimated Personal Credit Score (Applicant #4)*
  800+ (exceptional)700-799 (prime)650-699 (good)600-649 (fair)< 600 (poor)
• % Ownership of Applicant #4*

• #5 Applicant (20%+ Owner)

• Name of Applicant #5 (only if 20%+ owner)*
  First NameLast Name
• Estimated Personal Credit Score (Applicant #5)*
  800+ (exceptional)700-799 (prime)650-699 (good)600-649 (fair)< 600 (poor)
• % Ownership of Applicant #5*
• Please add any other information about your business and situation that you believe is important for us to know when determining what type(s) of funding may be most ideal for you right now, and in the future (help us come up with a “funding plan” for you, not just a one-off business loan.
• Submit
• 
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