November 19, 2018

Short Term Commercial Loans

Alliance Financing Group is pleased to offer a short term working capital loan product as part of our working capital financing solutions for companies across North American.

 Short Term Working Capital Loan Product:   Underwritten by a North American alternative lender. This lender is a short term (bridge) lender with a focus on financing small and medium size companies for their near term growth opportunities. This product offering is a good fit for a borrower who requires additional short term liquidity to support an opportunity or solve a short term cash need.

Available Loan Amounts: $5,000 minimum to $150,000 maximum ($250,000 maximum in USA)

Term: 6, 9, 12, 15, 18 or 24 months

Interest Rate: From 15% for 6 month term. Longer terms require higher rates. No upfront lending fees

Daily Payments (business days only)

Minimum Qualification: Available for corporations, LLCs, proprietorships or partnerships. The business must be established for at least one year, with annual revenue of at least $100,000 and minimum average bank balance of $3,000. Majority owner(s) to provide personal guarantee. Guarantor(s) must have minimum credit score of 600.

Simple Application Process: completed credit application and 3 months bank statements / merchant account statements.

Sample Loan and Payments: $50,000 term loan for 6 months. Payments of $456.35 daily (business days), starting the 1st day after the loan advance. Total payback is $57,500 over the 6 months.

Top Approved Industries:

·               Automotive Repair

·               Dentists

·               Physicians

·               Beauty Salons

·               Gift Shops

·               Restaurants

·               Furniture Stores

·               Plumbing, Heating & Air Conditioning

·               Hotels / Motels

·               Sporting Goods Stores

·               Supermarkets / Grocery

·               Gas Stations

·               Nail Salons

·               Retailers (except Tobacco)

·               Electronics Stores

·               Clothing Stores

·               Cleaning Services

·               Veterinarians

·               Home Health Care Services

·               Home Furnishings Stores

·               Optometrists

·               Auto Parts Stores

·               Bars

·               Jewellery Stores

·               MANY MORE

 

Restricted Industries:

·               Financial Services / Investments

·               Insurance Brokers / Agents

·               Real Estate Brokers / Agents

·               Mortgage Brokers / Agents

·               Tax Preparation Services

·               Pawn Shops / Consignments

·               Adult Entertainment

·               Appraisers

·               Funeral Services

·               Schools / Day-care Facilities

·               Personal Trainers

·               Automobile Dealers

·               RV & Trailer Dealers

·               Motorcycle & Boat Dealers

·               ATV/Snowmobile Dealers

·               Outdoor Power Equipment

·               Payroll Companies

·               Call Centres

·               Law Firms

·               Farming

·               Religious Organizations

·               Sports Groups & Venues

·               Non-Truck Based Freight Transportation

·               Logistics/Freight Forwarding

·               Passenger Transportation

·               Marinas

·               Travel Agencies

·               Tour Operators

·               Mining

·               Energy Generation / Distribution

·               Printing & Publishing

·               Non Profit Corporations

 

Questions