Access Working Capital Anytime!

 

With an Unsecured Business Line of Credit you will have access to

 

50K to 250K of unsecured working capital to:

 

•Invest in Real Estate

•Buy Inventory or Equipment

•Meet short and long term needs

•Pay taxes

•Cover business travel and entertainment or payroll tax expenses

•Manage business on your terms

•Borrow any amount you wish up to your available credit limit

Flexible payment options make managing money easier

 

Click or paste into your browser to Download ULOC Application

 

http://www.getnetworkfunding.com/ULOC

 

UNSECURED WORKING CAPITAL PROGRAM

 

 

Network Funding Solutions, LLC has assisted numerous small business obtain additional working capital through alternative financial solutions. The predominant solution employed is unsecured business lines of credit.

 

 

We represent a consortium of aggressive financial institutions located throughout the country. Some are national, some are regional and others are local in their lending capabilities. Some financial institutions will provide a maximum of $50,000 and others will provide a maximum of $100,000.

 

 

All of these lenders will provide unsecured business lines of credit and all of their applications are stated income and stated asset. This simply means they do not require personal or business tax returns or business financial statements when submitting their application. However, the lenders do reserve their right to request them or any additional information they deem necessary.

 

 

The lenders will make a loan to a business in “good standing” and

 

registered with their Secretary of State for 2 or more years.

 

The current ownership must be in place for at least the past

 

year. Each lender requires a personal guarantee from each

 

person owning 20% or more of the business. There must be a

 

minimum of 85% ownership represented on the application.

 

All parties on the application must have a verified minimum

 

credit score from all credit bureaus of 660 or higher. The

 

individual credit reports must be clean and clear with no liens,

 

judgments, charge-offs, bankruptcies or repetitive lates or

 

collections unless reported incorrectly.

 

 

When a lender approves a line of credit the terms will be normally be variable interest only payments. The lines are perpetual and revolving, just like a credit card. There are no zero balance requirements or prepayment penalties and the line will never convert to a term loan.

 

 

The interest rates for the lines of credit will be between Prime and Prime plus 4. Sometimes it may be higher. The interest rates are established at the sole discretion of the lender. The average is Prime +2.

 

 

Each lender will pull their own credit report, use their own application and also has a similar but different credit criteria and underwriting requirements including their own business scoring system.

 

 

Generally speaking, it takes about 4 days to receive a lender’s decision and approximately another 7 days to access the funding. The entire process is normally between 7 and 10 days from the date an application is received by the lender.

 

 

We have no “up front fees” and our consulting fees are paid directly by the client after a successful funding. The definition of a successful funding is simply this: The lender approves an application. The client knows the rates and terms and then, either accepts checks from an in or out of state lender, has a new account opened with the lender, or the lender transfers funds to a designated account.

 

 

We regularly obtain $100,000 to $250,000 for our clients through a series of lenders. Sometimes the total amount per client is more, sometimes less. The amount each client obtains is a function of the strength of their personal credit and the lender’s underwriting guidelines. We have obtained as much as $500,000 for several clients. However this is a very rare exception.

 

 

We also have special owner occupied and investment financing available for commercial properties. We can also provide equipment leasing and Accounts Receivable financing.

 

* their are no application Fee's for this Product, Closing costs are 7 percent Drawn from the line at closing

 

for more info email jeff@getnetworkfunding.com