WE Financial

Services

 

Small Business Loans

This solution is ideal for the stronger credit profile, and business with strong consistent cash flow that desires a fixed payment structure. Additionally, the funding amount is not limited by your credit card processing volume. If you have at least 6 months operating history in your business, and prefer a fixed payment structure, then let our funding groups quote you a Small Business Loan. We service all industries and businesses. Get the capital you need today. The small business loan alternatives are unsecured and you can do anything you want with the money. Funding can still about 5 - 7 days after submission of your complete application.

business loan

Our business loan solutions are ideal for small to medium size businesses who need cash to: Meet payroll, Expand inventory, Improve facilities, Advertise, Pay taxes, Open a new location, Pay operating expense, etc...During the underwriting process you could be required to fulfill certain obligations in order to approve each applicant. These procedures can include but are not limited to: Merchant interview, Landlord interview, Reference checks, Personal & business credit checks, Site inspections and UCC filing checks and confirmations.

business loan qualifications

Underwriting Requirements:

  • Minimum average of 8 to 10 batches or income related days per month.
  • Minimum processing average of $2,500 per month. 
  • Business must accept credit cards for at least 3 months for an MCA loan. 
  • Be in business 6 months & provide 6 months bank statements for ACH 
  • No open bankruptcies or large, unresolved judgments or tax liens.

Document Requirements:

  • Application for funding, completed and signed.
  • 3 months business credit card statements
  • 3 months bank statements and or 6 months bank statements,
  • Photo ID  
  • Voided business check.

starter programs

For a business that does not fit the underwriting requirements for traditional business loans, some of our funding groups can offer a starter program that allows them to still qualify for funds for a lower dollar amount by paying this back in a shorter time frame. The merchant is able to renew and build confidence towards a larger sized funding advance. The underwriting criteria for a starter program is much more lenient and is designed for those who have very poor credit histories. Merchants build a rapport with the funding group through their performance.

Merchant Cash Advance

If you have a history of credit card acceptance, then a Merchant Cash Advance may be just what you need. Your history of credit card volume is used to determine the amount of funds that can be advanced. A Merchant Cash Advance requires a minimal operating history of at least 6 months and the lowest possible credit requirements. Your payments fluctuate, and are dependent upon the amount of your future credit card sales. The amount that you pay is either collected directly through the daily deposits of your merchant processing account or collected by daily ACH debit to your bank account.

Cash & Check receivable factoring

Factoring is not for everyone, but if your business is growing faster than your ability to cover expenses, why not convert your accounts receivable into cash today. Not only will you accelerate your cash flow, increase liquidity, and outsource your collections to an experienced team of experts, but you’ll also save money in the long term. Factoring has an outstanding business benefit as both a cash flow solution, and an outsourcing opportunity. You need to take advantage of every resource you have. 

credit card factoring

Credit card receivables financing is another form of factoring, utilizing a merchant’s cash flow from credit card sales or banking accounts cash flows. Cash is advanced to your business and a system is set up to repay the cash advance through withholding from credit card transactions – repaying a portion of the cash advance every time a customer makes a purchase. Credit card receivables financing is an innovative system of funding, designed especially for the small retailer or service company. If the business owner does not qualify for a line of credit with the bank, or has maxed out their existing line of credit with the bank this program works for nearly any business. Renewal is easy. Once you are a customer, getting more money or renewing your advance is even simpler. There is never a pre-payment penalty. You can use your cash for anything. From adding a new location or inventory, to making payroll or paying taxes, to buying advertising or direct mail, the cash advance is yours to use in any way you choose to grow your business. WE want you to have growth with success. 

Starter programs

For merchants that do not fit the underwriting requirements for traditional Credit Card or ACH Factoring, some of our funding groups can offer a starter program that allows them to still qualify for funds for a lower dollar amount by paying this back in a shorter time frame. The merchant is able to renew and build confidence towards a larger sized funding advance. The underwriting criteria for a starter program is much more lenient and is designed for those who have very poor credit histories. Merchants build a rapport with the funding group through their performance.