Financing Products

Equipment Financing and Leasing

This facility funds equipment Financing and Leasing requests from $20,000 to $10,000,000. Industries that we specialize in are Construction (Heavy Equipment, Back Hoes, Excavators, Dump Trucks, etc.), Warehousing (Forklifts, etc.), Transportation, both Short and Long Haul and owner-operators, Manufacturing and Medical.
Through third party partnership, we can also consider most industries.

Terms: 2-5 years with monthly payments (Heavy Equipment can go up to 7 years).

Requirements: Minimum of two years in business (although can consider startups for up to $50,000 with owners that have 680+ Fico Scores.

Information needed for Approval:

• SWC Application
• Last 3 Months Business Bank Statements (for Applications $250,000 or below.
  • Above that Amounts include the following
    • Interim Financial Statement,
    • Last 2 years Business Tax Returns
    • Owner(s) Financial Statements
    • Owner(s) last Tax Return
• Copy Owner(s) Drive Licenses – Front and Bank (For Owner Operators, copy of CDL),
• Vendors Quote / Bill of Sale
• Full Equipment Specifications.

Accounts Receivable Financing and Factoring

This facility funds are for both “final billing” and “progressive billing and goes from $100,000 to $10,000,000. We can do most industries that are business to business, including industries that operate with progressive billing, like the construction industry (some restrictions apply. The advances here depend on the construction project and the estimate formula being used). For final billing, our advances fluctuate between 80% – 85%. except for the Transportation invoices where we can advance up to 95% (sometimes even 97%).

Terms: Lines of Credit are for one year, with repayments made directly for the company’s clients.

Requirements: Minimum of two years in business. For transportation, a minimum of one year in business (we can only do Carriers).

Information needed for Approval:

• SWC Application
• Last 6 Months Business Bank Statements
• Interim Financial Statement,
• Last 2 years Business Tax Returns and Owner(s) Financial Statements and Owner(s) last Tax Return)
• Copy Owner(s) Drive Licenses – Front and Bank.
• Latest Accounts Receivable Aging
• Sample Invoices.

Cash Flow and Merchant Financing

This facility is based on the monthly income shown in either the bank statements or in credit card billing. Amounts financed range between $50,000 to $5,000,000.
Terms: Less than a year (Term Loans) or in the form of a Line of Credit with repayments of a fixed amount either daily, weekly, or monthly (depending on the program the client qualifies).

Requirements: Minimum of 6 months in business and at least $20,000/Month in cash income.

Information needed for Approval:

• SWC Application
• Last 6 Months Business Bank Statements (Full Financials may be required)

Structured Asset Based and Real Estate Financing

This financing facility customizes business needs for financing. The minimum amount under this program is $500,000 to a maximum of $10,000,000. Your account executive will tell you was information is needed to process an application.

SBA Financing

This financing facility uses the SBA Program 7a to fund your business up to $5,000,000 with the best bank rates available. This program is geared to:

• Short Term and Long Term Working Capital
• Refinancing current debt
• Purchasing/Installation of Fixed Assets, like machinery, equipment, furniture and fixtures, as well as Supplies or Materials
• Purchase of Real Estate (land or building – 50%+ owner occupied
• Construction of new buildings or renovation of existing buildings.

Terms: Long Term Loans: up to 7 years. Real Estate Loans: up to 15 years.

Information needed for Approval:

• SBA Application that includes an SBA Business Plan.
• Last 6 Months Business Bank Statements
• Interim Financial Statement,
• Last 2 years Business Tax Returns and Owner(s) Financial Statements and Owner(s) last 2 years Tax Return)
• Latest Accounts Receivable and Accounts Payable Aging.
• Copy Owner(s) Drive Licenses – Front and Bank.

Note: If you don’t have an SBA Business Plan, our sister company Southwest Business Solutions can prepare one for a fee.