Small Biz Capital
We provide small businesses with the capital they need to grow using our business lines of credit and other financial solutions. We judge the health of your business based on your cash flow – not just credit scores. We are a revenue based lender. Our in depth understanding of small businesses means that we can provide the capital in as fast as 7 business days. Together, we have loaned over $180,000,000 to thousands of small businesses nationwide. Our merchants qualify for this loan when banks have said no.
About Our Loans:
• Loans ranging from $5,000 – $150,000
• 6, 9, 12 and 18 month terms
• Fixed interest and fixed payments
• A decision in 2 business days, funding as fast as 7 business days
• Daily direct debit payments mean no worrying about a large end of month payment
Common Uses:
• Facility Expansion
• Renting, Buying or Leasing Equipment
• Hiring Additional Staff
• Purchasing Inventory
• Launching a marketing campaign
MERCHANT CASH ADVANCE
A merchant cash advance enables you to generate the working capital you need to improve your business without having to negotiate with a bank or worry about long-term credit card interest. Instead, your company may qualify for a cash advance of up to $1,000,000 by leveraging an asset you probably have not thought of – your future credit card receivables. A merchant cash advance is an excellent, and often overlooked, source of short term financing that you can take advantage of today.
Basic requirements: Have a history of processing credit cards at your business for at least 60 days/ Process at least $5,000 a month in credit cards
High approval rate/ No time limits/ No interest payments/ No monthly minimum payments/ No upfront costs or hidden fees/ No usage restrictions
Some examples of business types that fit our model: Restaurants, Nightclubs/Bars, Clothing Stores, Day Spas, Hair & Nail Salons, Liquor Stores Hotels/Motels, Laundromats/Dry Cleaners, Pet Supplies/Grooming, Book Stores, Music Stores, Tobacco/Cigar Shops, Shoes/Accessories, Gift/Stationary Shop, Coffee Shops, Eye Glass Stores, Medical Offices, Hosiery Stores, Luggage Stores, Beauty Shops, Movie Theaters, Sporting Goods Stores, Florists, Gourmet/Specialty Food Store
COMMERCIAL LENDING
We work with investors to bring private equity funds to the market for better commercial lending solutions. We have money available to lend when traditional banks do not. Our funds are not regulated by the FDIC so we are able to make underwriting decisions based on our own guidelines.
Our company is taking advantage of an extraordinary paradigm shift occurring in the business financing sector. Private lenders with billions of dollars to invest are moving aggressively to fill the vacuum left by conventional lenders in funding projects in untapped markets.
• We have access to over 300 private equity funds with $400 BILLION dollars in capital allocations to draw from
• We offer excellent terms with interest rates ranging from 4-6% amortized over 25 years
• Prosperity Financial Group does not charge upfront due diligence fees to our customers to review their file for approval to our programs
• We lend loan amounts as low as $500,000 with no upper limit
Commercial Mortgages, Mezzanine Financing, Bridge Loans, Venture Capital, Angel Investors, Church Funding, Acquisition Funding, and Hard Money are also available.
- Commercial loans and equipment leasing projects
- Commercial projects preferred $100k up to no maximum
- 5-day to 6-week funding programs
- No pre-paid penalty on any programs offered
- We accept all verticals of industry. It is the financial numbers that count, not the type of industry.
- Commercial loans 5.2% – 6.26%, fixed and adjustable
- Equipment leasing and financing 7.5% and up
- Hard money rates begin at 7.5% – 12% fixed with no pre-paid penalty
- 70% debt and 30% equity joint venture programs (100% financing)
- Account receivables at 95% of the receivables
- Merchant accounts at 125%
- Municipal deals = city, state, federal projects (it is ok if sub-contractor works with larger entity to perform)
- Non-profit at 4%-6% rates with 5/10 year terms
- 1.8%+ contract facility line of credit (based upon revenue from contracts/purchase orders/invoices/receivables)
- SBA programs
CONSUMER FINANCING: Second Chance Financing down to a 550 FICO score
Often, consumers cannot become buyers because:
* Less than 10% of consumers use cash or checks for purchases over $1,000
* 32% of consumers don’t own a credit card
* 68% of US credit card holders are within less than 5% of their available credit limit
Only 33% of US consumers are considered as prime borrowers with credit scores of 690 or greater. The Solution? If an average ticket price is over $1,000, an affordable payment plan can help convert browsers to buyers.
• Fast and easy application process
• Excellent staff training and ongoing support
• Single platform to apply, get status updates and run detailed reports
• No liability for your business – zero risk
• Decisions within minutes in most cases
