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Compare Business Loans

How to Compare Business Loans

At Sunwise Capital we pride ourselves on our excellent service, superior knowledge and veteran expertise in the small business loans lending space.

As direct lenders we are consistently one of the top picks by business owners as a provider of national business capital.

We will compare business loans and the requirements on:

Term Loans

SBA Loans

Unsecured Loans

Merchant Cash Advance

 

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Before we compare business loans, the #1 question that we get asked – a lot – is:

“What are your rates?”
“Can you give me some idea of your rates range?”

We do have THE most competitive rates in the industry and will offer you the best loan program with a wide range of loan products that is the perfect fit for you.

We put our money where our mouth is!

We offer a $500 guarantee! We dare you. Try to beat us.

Did you know that Sunwise Capital has several different loan programs?

Our additional business financing options include the following types of loans:

  •  Equipment Financing
  • Invoice Factoring and Invoice Financing
  • Business Lines of Credit
  • Accounts Receivables
  • Commercial Real Estate
  • SBA 7a Loans
  • Unsecured Business Loans
  • Startup Loans

We will not give you cookie cutter answers to your questions about rates and terms. We believe in absolute transparency so we will do our best to compare business loans and your options.

An an online lender we offer a several types of business loan. Established businesses looking at business expansion to business lines of credit enjoy our basic eligibility requirements including at least six months, a simple loan application and monthly revenue of at least $15,000 (annual revenues of at least $180,000).

We will give you the most conservative quotes based on what you tell us about your business – regardless of your business plans – before you apply. We will not give you a preliminary quote on rates and terms that we know are not realistic.

You can know in advance that as a top alternative lender we will make the application processes painless. This is business lending at its best.

This enables you to make the best decision possible. That makes sense, doesn’t it?

No baiting just to get you to apply. No switching just to get your paperwork. Straightforward answers to all your questions. You can’t argue with that, can you?

We will LISTEN to you and will accommodate your request as best as we can. If we can’t help you we will also tell you what we think are your best business loan options.

Our small business loans’ rates and terms reflect the risk to the lender and how much skin you have in the game. “Skin” is considered assets either in cash or collateral.

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Does the loan require collateral?

All lenders are the same on this note.

This determines whether you receive your small business loans with:

  • Personal Guarantees (PG’s)
  • No Personal Guarantees
  • Collateral
  • No Collateral

Sunwise Capital uses the latest technology available to give you fair pricing. Rather than strictly use your FICO score to determine eligibility for a capital loan, we employ a sophisticated matrix scoring system using that looks at over 200-data points.

The result is loans for business with nothing more than online applications, business banking statements (either businesschecking account or business savings account) within 24 hours. We even have a financing option for bad credit. We will also provide you with loan calculators to help you determine the best business finance options.

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Some things that we look at to determine rate and loan type are:

  • Time in Business
  • Type of Business
  • Industry
  • Cash Flow – Analysis of your Bank Account
  • Bank Statements
  • Personal Credit Score and Credit History
  • Business Credit Score
  • Web Presence (social medial, company website, etc.)

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The stronger the score, the better the rates and terms on your small business loans.

We do request very minimal paperwork and depending on the program it will dictate how much paperwork we need.

Compare business loans below.

Quick Term Loan

Our term loan is a great solution if you:

• have a 680 ++ FICO score
• are looking for a significant amount of business capital to fund
• we approve up to 20% of your gross revenue.

This loan does have Personal Guarantees – thus the low-interest rate.

Benefits:

• Annual Interest Fixed Rates starting at 5.49%
• Terms are 1 to 5 years
• Monthly Payments
• No Prepayment Penalty
• Use of funds for growth of the business and to refinance current business loans, equipment loans, and business credit cards
• Funding in 5 to 10 days (from start to finish)
• Loan Amounts $50,000 up to $500,000

Requirements:

• 680 ++ FICO Score with good loan to debt ratio (not maxed out on debt)
• No bankruptcy in the past seven years
• Net income on tax returns – at least 1 of the last two years should be profitable
• Minimum 3 years in Business
• Need all owners that are 19% or more on Application
• No Sole Props
• Tax Liens sum less than $1k filed in the past three years and payment plan.
• Tax liens filed within past ten years sum less than $5k that are outstanding with no payment plan.

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SBA Loan:

The SBA loan is a great solution if you have a 680 ++ FICO score and are looking for a large amount to fund since we approve up to 20% of your gross revenue.

The SBA loan (Small Business Administration) is also a great solution when you compare small business loans and if you are looking for small monthly payments since this business loan goes out ten years. These are not considered a shortterm loan.

Our SBA Quick Start Loan is faster than in the past – we can fund in 7 days (with all paperwork submitted). This loan does have Personal Guarantees – thus the low-interest rate.

Benefits:

• Interest Rate of 6.25% to 7.25% (variable and based on the Prime Rate plus 2.75% to 3.75%) for working capital
• Interest Rate for Real Estate Loan is Prime + 1.5%
• Terms are ten years
• Monthly Payments
• No Prepayment Penalty
• Use of funds for growth of the business and to refinance current business loans, equipment loans, and business credit cards. You could also purchase Real Estate for the Business.
• Funding in 7 days if all paperwork is in right away. Typically, 4 to 6 weeks from start to finish.
• Funding Amount $100,000 up to $350,000 for working capital
• Funding Amount $350,000 up to $5M to purchase Real Estate for the Business

Requirements:

• 680 ++ FICO Score with good loan to debt ratio (not maxed out on debt)
• Sufficient business and personal cash flow to service all debt payments.
• No bankruptcies, judgments, or foreclosures in the last three years
• No collections or open tax liens
• Current on any government loans
• Minimum 3 years in Business
• Need all owners that are 19% or more on Application
• No Sole Props
• Secured with a Blanket Lien on the Business Assets plus Personal Guarantees
• Apply:
• Complete & Sign Application – click link below to download for each owner over 19% or more
• Business Tax Returns – 3 years with interim P&L
• Personal Tax Return – 3 years (all owners over 19% ownership)
• Business Debt Information – we will email you for this information

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Unsecured Loan:

Our unsecured loan is a great solution if you have 550, 650 or 700 + FICO score and are looking for between $10,000 up to $2 M in funding. We go up to 10% of your gross revenue. This is also a great solution if you are looking for a simple and quick funding with no traditional personal collateral. Short term loans of 5 months up to 21 month terms with early payoff discounts and renewals after 50% has been paid back.

Benefits:

• Rates start as low as $1.18 For example, for every $10,000 borrowed the flat fee interest payment is $1,800. After the tax write off the real cost is $1,170 at the thirty-five percent bracket.
• Quick, Simple and Easy with very minimal paperwork
• Terms from 5 months up to 21 months
• Weekly or Daily Payments
• Early Payoff Discount
• No Prepayment Penalty
• Does not report to your personal credit report
• We do report positive payments to business credit
• Use of funds for anything that is Business related.
• Funding as quick as 24 to 48 hours
• Funding Amount $10,000 up to $2 Million
• Renewals after 50% paid back. We continue to increase amounts and give you better rates with each renewal once you have established a relationship with us.

Requirements:

• Minimum 550 FICO Score – special programs for scores 650+ and 700+
• Minimum 1 year in business
• Minimum $150k gross revenue
• We could pay off 1st and 2nd position loans or go behind them as a 3rd position
• Current on rent or mortgage
• Liens up to $200k on payment plan. We’ll consider lower lien without payment plan.

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Merchant Cash Advance:

Our Merchant Cash Advance is a great solution if you have:
• 500, 650 or 700 + FICO score and
• are looking for between $10,000 up to $2 M in funding.
• We go up to 13% of your gross revenue.

This is also a great solution if you are looking for a simple and quick funding with no traditional personal collateral or personal guarantee. Payback is a small percentage of your credit card sales every time you batch (known as the holdback) – therefore it is easier on your cash flow since your payback is less on slow days and more on busier days. This is perfect for those that accept credit cards and don’t want a fixed payment.

Benefits:

• Rates start as low as $1.18 For example, for every $10,000 borrowed the flat fee interest payment is $1,800 after the tax write off the interest rate comes out to $1,170 at thirty five percent bracket.
• Quick, Simple and Easy with very minimal paperwork
• Payback is a small percentage of your credit card sales. You don’t need to change your merchant processor – we could batch though ACH or if your merchant processor is on our long list of approved providers
• Variable payback – pay less on slow days and more on busier days
• Does not report to your personal credit report
• Use of funds for anything that is Business related
• Funding as quick as 24 to 48 hours
• Funding Amount $10,000 up to $2 Million
• Renewals after 50% paid back. We continue to increase amounts and give you better rates with each renewal once you have established a relationship with us
• Special programs for Restaurants, Retail Stores, Liquor Stores, Auto Repair and Healthcare
• Good program for those that have too many NSF’s and low average bank balances on their bank statements that may not qualify you for a loan

Requirements:

• Minimum 500 FICO Score – special programs for scores 650+ and 700+
• Minimum 1 year in business
• Minimum $150k gross revenue
• We could pay off 1st and 2nd position loans or advances
• Current on rent or mortgage
• Liens up to $200k on payment plan. We’ll consider lower lien without payment plan.
• Bank Statements – 3 most current months
• Merchant Statements – 4 most current months

Thank you for the opportunity to help your business continue to succeed and grow.

Call us at 888.456.9223 for a free consultation to find the best fit for your small business loans at the best rate and terms.

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