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Business Loans
Key Benefits
- *Start-Up *Expansion *Working Capital *New Equipment Leases
*Sale-Leaseback *Credit Card Receivables *Purchase Orders
*Account
Receivables Advances *Contract Financing *Import/Export Loans
Capabilities
- Capability 1
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- Business loans are made to existing businesses, (minimum 3 or
more years operational), that have demonstrated their continuing ability to
operate successfully. The business must have the ability to take on
additional debt and service that debt from the existing cash flow. For
start-up businesses, or businesses too new to have sufficient cash-flow,
contracts or outstanding purchase orders, we recommend the borrower seek
venture capital assistance or secure the funds personally in order to
get the business going.
- Capability 2
NEW EQUIPMENT LEASES:
A New Equipment Lease is a way for the businessperson to acquire the
unlimited use of equipment necessary to operate and expand their
business, (factory or office, etc.), by simply paying a rental payment
each month, rather than purchasing the equipment outright.
Sale-Leaseback, (Tax Deductible Financing or Used Equipment
Sale-Leaseback) is special financing used by sophisticated borrowers.
Included are Physicians, Dentists and certain qualified business
(Hospitals).
In a Sale-Leaseback funding source purchases used equipment from client then
leases it back to them. When the equipment is purchased, cash is generated
which client can put to immediate use.
Monthly lease payments are made for a specified period of time. At the end
of the lease the equipment can either be re-purchased for it’s then reduced
value OR if client needs additional cash, another Sale- Leaseback on the
equipment can be negotiated. As in all leases of business related assets,
payments are a 100% tax-deductible business expense!
To summarize the entire process from CREDIT CARD application to
funding, Here is the step-by-step loan funding process:
1. An applicant submits a complete application package.
2. American Micro loan makes a funding decision.
3. American Micro loan notifies the applicant of the funding decision.
4. If the application is approved, American Micro loan notifies one of our
affiliated credit card processors (Processor) to set up a new merchant
account.
5. Processor will call the applicant and fax the new merchant account
application with detailed breakdown of the various costs.
- Capability 3
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- ACCOUNTS RECEIVABLE FACTORING OR ADVANCE - A list of the
“aging" of the receivables, that is currently due which are to be pledged.
This can be provided as a computer printout or as customer ledger cards’
indicating how much is due, when and for what.
- CONTRACT OR PURCHASE ORDER FINANCING ADVANCE – Copy(s) of
the Contract(s) or Purchase Orders.
Brief history on the company and their customers. Can be as brief as a
paragraph or a copy of a business plan. Include additional information on
the products or services contracted for and information on the other
party(s) involved in this contract as financing will also be
contingent on their ability to perform.
- Complete description of procedures. Basically a time-line from beginning
to end. Include names, addresses, dates, and phone numbers from inception to
repayment. Detailed Budget of Costs involved in fulfilling the purchase
order or contract. Wholesale cost of soft goods, employees,
production equipment, etc. Especially relevant for manufacturers and
importers/ exporters.
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Rainey Day Financial Services LLC