December 15, 2017

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