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Small Business Loans by Sunwise Capital

Sunwise Capital is here to give you the best small business loans.

Our minimum qualification are less than those of banks. We’re focused on getting you approved so your business can thrive with a small business loan.

WHAT IS A SMALL BUSINESS LOAN?

Sunwise Capital small business loans are considered the best.

The reason is simple. We offer fixed rate loans up to $500,000 with annual interest rates starting as low as 5.49 percent.

WHAT IS THE MINIMUM QUALIFICATION FOR A SMALL BUSINESS LOAN FROM SUNWISE CAPITAL?

FICO

For our easiest and quickest small business loans, the minimum qualifications are a personal credit score of 450 plus and six months in business with at least $12,000 a month in monthly revenue.

2 Days or Less

Our simple loan application process gets you funded in a day or two.

$10k-$5M

The minimum loan amount for our business loans is $10,000. We will lend up to $5M.

WHAT ARE THE DIFFERENCES BETWEEN SUNWISE CAPITAL’S ONLINE LOANS FOR SMALL BUSINESS AND FROM BANKS?

Sunwise Capital

FICO: 450 or better
Yrs. in Business: Six months plus
Annual Revenue: $150,000 + yr. 
Bankruptcy: OK w/ discharge
Liens: OK w/ payment plan
Business Types: 750
Documents: 2
Approval Rates: High
Approval Amounts: More
Cost: $0
Rates: Competitive
Approval Time: 24 – 48 hours
Terms: Six months – 10 yrs.

Banks

FICO: 720 or better
Yrs. in Business: 3 yrs. plus
 Annual Revenue: $5M plus
Bankruptcy: NO
Liens: NO
Business Types: Limited
Documents: 23
Approval Rates: Low
Approval Amounts: Less
Cost: Up to $1,000’s
Rates: Best
Approval Time:  90 days
Terms: Six months – 3 yrs. to 10 yrs.

Sunwise Capital FAQ’s

  • HOW LONG DOES IT TAKE TO GET YOUR APPLICATION APPROVED?

    We approve all applications same day or within one business day.

  • CAN I APPLY FOR A SMALL BUSINESS LOAN WITH BAD CREDIT?

    Yes, we will consider the health of your business as a primary factor.

    FICO scores above 450 for acceptance.

  • WHAT FEES YOU NEED TO BE AWARE OF?

    There is no cost or obligation to apply for our loans. Some loans like the SBA 7a have additional costs that set by the SBA and member bank.

  • GUARANTEE FEE?

    Our guarantee is this simple:

    Provide us with any legitimate offer you receive in writing, and if we cannot beat that rate, we will pay you $500. Visit here for the details

  • ORIGINATION FEE?

    Sunwise Capital loans do not have origination fees.

  • PRE-PAYMENT FEE?

    There are no pre-payment fees or penalties on Sunwise Capital Loans.

  • APPLICATION FEE?

    There is no application fee from Sunwise Capital.

    SBA 7a loans do have fees including application, a one-time referral fee, a one-time packaging fee, closing fee and standard bank charges.

  • LATE PAYMENT FEE?

    If you miss payments as per our agreements, there will be NSF charges.

  • CHECK PROCESSING FEE?

    If you miss payments as per our agreements, there can be check re-presentment fees.

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WHAT ARE THE TYPES OF SMALL BUSINESS LOANS?

Sunwise Capital offers the best small business loans. In fact, over 75% of our clients re-borrow 2 to 3 times a year and some for several years in a row.

We offer competitive interest rates with affordable loan payments designed to work with your cash flow. We have unsecured business loans and those that require a personal guarantee with the lowest interest rates.

sba-loans-sunwisecapital

SBA LOAN apply for loan

Do you have a FICO score of 680 ++?

The 7a loans from the Small Business Administration can provide you with up to $5M.

We can approve your loan application for up to twenty percent of your gross annual earnings.

Are you looking for small monthly payments?

The SBA loan makes it possible. These small business loans get paid back over a ten-year period.

Small Business Administration Quick Start Loan

Sunwise Capital is one of the few online SBA lenders that can get you funded in 7 days.

Note: to receive a low-interest rate loan backed by a U.S. government agency it does require a Personal Guarantee.

SBA Loan Advantages:

  • Working Capital Interest Rate

    6.25% to 7.25%  (variable and based on Prime Rate plus 2.75% – 3.75%)

  • Real Estate Interest Rate

    Prime + 1.5%

  • Terms

    10 yrs.

  • Payments

    Monthly

  • Prepayment Penalty

    No

  • Use of Funds

    Grow business, Refinance business, loans, equipment, financing, and business credit cards.

  • Purchase Real Estate for the Business

    Yes

  • Funding in 7 days

    Yes (all paperwork complete)

  • Usual Funding

    4 to 6 weeks

  • Amount

    $100K – $350K working capital

  • Amount

    $350K – $5M R.E. (for Business use only)

SBA Loan Qualifications:

FICO Score

680+ (plus not maxed out on debt)

Personal Cash Flow

Cover all debt

Bankruptcies

Not in last three yrs.

Judgments

Not in last three yrs.

Foreclosures

Not in last three yrs.

Collections

No

Open Tax Liens

No

Other Government Loans

Must be current

Time in Business

Min. 3 yrs.

Citizenship

Owners must be U.S. citizens or legal permanent residents

Application Process:

  • All 19% or more owners must complete and sign application –
  • Provide last 3 yrs. of Business Tax Returns –
  • Provide Interim P&L
  • All 19% or more owners must provide last three years of Personal Tax Returns
  • We will request from you the business debt information
  • FICO Score above 650
  • Every 19% or more owner must be on Application
  • No Sole Proprietors
  • Collateralization of the SBA loan
  • Blanket Lien on the Business including all assets
  • PG’S (Personal Guarantees BY ALL OWNERS)

TERM LOANS FOR BUSINESS apply for loan

Our business term loans are an excellent solution for any small business. Here is what you need:

  • FICO

    Need a 680 plus
    FICO score

  • Capital

    Need large amount
    of capital

  • 20%

    Get up to 20% of gross earnings

These term loans require a personal guarantee in exchange for the very low rates.

  • Advantages:

    • 5.49% starting Annual Interest Rate
    • 1 to 5-year terms
    • Payments are MONTHLY
    • Prepayment Penalty – NONE
    • Grow and Expand your business, refinance your business debt, business credit cards, get rid or equipment loans or financing and more
    • 5 to 10 days to fund from start to finish
    • $50K to $500K

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    Qualifications:

    FICO 680 +Score
    Have right loan to debt ratio (this means not maxed out on your business and personal liabilities)
    No bankruptcy in the past seven yrs.
    One of the last two years net income must be profitable
    Three years in Business minimum
    All 19% or more owners must be on Application
    Sole Props do NOT qualify
    Tax Liens less than $1k total filed in the past three years
    Payment plans must be in writing
    If the Tax liens filed in last decade and the total amount is less than $5k outstanding even without a payment plan

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EQUIPMENT FINANCING apply for loan

Do you need business equipment, vehicles, or software?

You select the equipment We purchase You pay the lease monthly

BENEFITS OF LEASING

  • 100% Financing – no down payment
  • Manage your risk
  • Plan your expenses for cash flow
  • Avoid getting stuck with out-of-date equipment
  • Use pre-tax rather than after-tax earnings
  • For accounting purposes, you can use “On” or “Off” balance sheet
  • Loan covenants – you may be able to get financing not otherwise allowed
  • Fixed rate lease payments
  • Coordinate your payments with your cash flow
  • Convenient
  • Conserve capital
  • Preserve your credit lines
  • Inflation hedge
  • Tax benefits

  • INFORMATION REQUIRED

    Year-to-date internal financial statements
    Year-end financial statements
    Equipment quotes
    Projections & executive summary

    01

  • 02

    TYPICAL TERMS

    Lease terms from 6 TO 84 months
    True lease
    No PGs or additional collateral
    No warrants

  • Types of Equipment

    Most types of equipment (100% software as well)
    New, refurbished, reconditioned or used
    Cost between $5,000 and $5,000,000

    03

BUSINESS LINES of CREDIT apply for loan

Fast Line of Credit

  • Approval in under 24 hours
  • After approval, draw down anytime you want same-day cash in your business bank account.

Adjustable Business Lines of Credit

  • You can use the max credit lines when you want
  • You can pre-pay with no fees (This saves HUGE on interest expense)
  • Approval in under 24 hours
  • After approval, draw down anytime you want same-day cash in your business bank account.
  • Adjustable Business Lines of Credit
  • You can use the max credit lines when you want
  • You can pre-pay with no fees (This saves HUGE on interest expense)
  • Revolving Line of Credit – every payment you make replenishes the capital for your next draw.
  • There are no limits on draws against the line.
  • No fees on the open amount
  • Up to $100K on clean credit report (or behind a bank / SBA loan)
  • Up to $20K when you have multiple business loans.
  • Revolving Line of Credit – every payment you make replenishes the capital for your next draw.
  • There are no limits on draws against the line.
  • No fees on the open amount
  • Up to $100K on clean credit report (or behind a bank / SBA loan)
  • Up to $20K when you have multiple business loans.

We will not go beyond the third position. (This is not a personal loan.
We do not do student loans or auto loans)

You do not need a loan calculator to determine the maximum line of credit. The general rule of thumb is you will receive between 25% to 75% of your business checking account deposits.

This financing option is much more flexible than a merchant cash advance. The loan payments are weekly.

Terms

  • You will make twenty-six equal payments over 6-months.
  • This loan repayment plan is fully amortizing. The result is the interest payments decline with every repayment
  • The interest rate is 0.35% to 1.2% per week. This rate translates into a 5-17% simple interest over six months or between 18-62% APR
  • There is a 1.5% fee per distinct draw
  • No other fees are applicable.

Eligibility

You must have a 650 minimum FICO score, with at least $25K in monthly bank deposits in business name bank account and six months minimum time in business.

There can be no more than 2 NSFs in current month and no more than five NSFs (non-sufficient funds) during the preceding two months

Submit our application, the last three months of business bank statements and proof of ownership.

States that are currently unavailable: KY, NV, NH, ND, SD, TN, and VT

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INVOICE FINANCING apply for loan

Our Invoice Financing approvals are fast and within days.

For amounts, less than $250K approvals are under three days. Approvals for invoice factoring more than $250K is less than five days. This financing tool compares favorably versus traditional factors that can take two to six weeks to approve your file.

This invoice financing is a less expensive, non-debt financing option for the business to business funding or the business to government financing.

Example: Let’s assume that you, the client sells hammers to Home Depot. Home Depot pays you after 45 days. Once we approve, we will advance 85-90% of the value of your invoices upfront to you.

Home Depot then pays us 100% of the value of the invoices after 45 days. We then pay you the other 10-15% back, minus the accrued weekly fees.

  • 1

    Receive up to $2.5M

    You can receive up to a $2.5M factoring credit line (assuming your file is clean, and you have no other loans).

You can get up to $600K when we take a second lien position behind a bank loan or SBA loan.

We do offer a unique feature that separates us from most factoring companies.

We will buy out a merchant cash advance, if the invoice factoring proceeds cover the total buy-out price of the MCA. The one word of caution is the buy-outs usually take longer than the typical three days to approve.

This factoring provides significantly less expensive funding than most of your cash advance and installment loan products.

Not only that, it is faster & more flexible than a traditional invoice factoring.

You are provided with an online software platform to manage your bills. Management of invoices is via an online software platform. This feature means that as the business owner you have full transparency.

Terms

Must be B2B or B2G
Invoices from 15 – 90 days payable•
85% – 90% advance rate
0.30% to 1.0% per week
15.6% to 52.0% Annual Percentage Rate (APR)
No other fees

Acceptability

530 FICO
$40K monthly revenue,
debtor greater than $10M annual sales
All 50 states
No health care, trucking, agriculture, financial institutions
We do not finance “purchase orders” (PO’s) under this program. The delivery your goods or services must be complete.

Submit Application

Last three months bank statements
Last quarter Profit & Loss (P&L)
Must provide proof of ownership
Must submit invoices to be factored•
Must provide significant contracts
Must provide Accounts Receivable (AR) aging report

SHORT-TERM LOAN apply for loan

Our unsecured loan is an excellent short term loan alternative. This financing works for business owners who FICO scores 550, 650 or even 700 plus. These short term loans are for loans between $10K to $2 million.

To determine your maximum funding amount, take ten percent of your gross annual sales.

Are you are looking for an easy and quick funding option with no traditional personal collateral or guarantee? If the answer is “yes” then the short term loan is also a great solution.

Our short term loans range from five months up to 21-months.

Do you want to pay off your loan early?

Once you pay back fifty percent of the funding amount, we can provide you with a discount.

Advantages:

Rates start at $1.18

Here’s the way it works. Let’s say you borrow $10,000. The cost to borrow is a flat fee interest payment of $1,800. Remember that once you calculate your tax deductions your cost to acquire the funds is much less.

Please consult with a professional tax attorney, accountant or CPA before making any tax-related decisions.

  • One-page application and little paperwork means it’s quick and easy
  • Loans are five months up to twenty-one months
  • Payments are either daily or weekly
  • Discounts for early payoff
  • There is no prepayment penalty
  • No reporting on your credit report
  • Builds business credit
  • Use for any business-related expenses
  • 24 to 48 hours funding
  • Get from $10K – $2 M
  • Once you pay back fifty percent, you are eligible for another loan
  • Get more money, better rates and better terms on each successive loan

What’s Required?

  • The minimum FICO Score is 550. We have programs for scores 450, 500, 650 and 700 plus
  • You must be in business a minimum of six months and generate at least $150k a year in gross annual earnings.
  • If you have an outstanding loan, we can help. Sunwise Capital is one of the few financial institutions that can pay off your 1st and 2nd position loans. In some cases, we can take the third position.
  • You must be up to date on your business rent or mortgage
  • It’s OK to have liens up to $200K if you are on a payment plan.
  • We’ll even consider lower lien amounts without a payment plan.

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MERCHANT CASH ADVANCE apply for loan

Do you need quick funding with an easy application?

Business owners across the country rely on the Sunwise Capital Merchant Cash Advance when they do.

Do you have challenges with your credit?

The MCA is perfect for those business owners who need to get approved fast for access to cash, especially with credit scores below 650.

While some people call these merchant loans, they are a cash advance and not a business loan. The process entails selling your “future” receivables at a discount for cash today.

Once you submit your information and we confirm the information provided

We can offer your business up to $150K as quickly as tomorrow once we receive and verify the information on your one-page application.

The payback is the significant difference between a loan and cash advance. The loan has a fixed payment over a set amount of time. The merchant cash advance is a variable payment based on daily credit card sales.

This form of repayment is ideal for those that have variable cash flow. Business owners love the fact that they pay more when they make more and inversely pay smaller amounts if they generate less daily revenue.

Another key difference is the payback is almost always daily. This repayment differs from the fixed payments of a loan. If a loan is daily, it is only Monday through Friday, while the MCA includes weekends.

The Merchant Cash Advance is perfect for:

  • 1

    FICO scores from 500 to 700 plus

  • 2

    Funding from $10,000 up to $2 M

  • 3

    Certain industries that are not eligible for loans

Does the idea of simple and quick funding with no traditional personal collateral or personal guarantees sound good?

Do you like the idea of paying daily a small portion of your credit card sales that mirrors your daily revenue?

The details work like this:

  • 01

    We hold back a small percentage every time you batch
    This amount is usually called the holdback
    Less stress on your cash flow

  • 02

    The payback reflects the credit card sales for the day – fewer sales – less holdback.
    Perfect for any business with a majority of sales with credit cards
    Best for those that do not want a fixed payment.

Benefits:

  • Rates starting as low as $1.18
  • Receive up to 13% of your gross annual business revenue.
  • Paperwork that is easy and simple
  • Repay a small amount of your daily credit card sales.
  • No need to switch merchant account processor
  • Batching through the ACH
  • Payback reflects daily sales
  • No reporting on your credit report
  • Spend the money on any business-related expense
  • Get your money FAST – 24 to 48 hours
  • $10K to $2M
  • Payback 50% of your advance and renew
  • Get more money, better rates, and better terms

SPECIAL PROGRAMS FOR

  • Restaurants
  • Retail Stores
  • Liquor Stores
  • Auto Repair
  • Healthcare

Do you keep a small average daily bank balance? Do you have too many NSF’s? If so you may not qualify for a small business loan.

The answer?

A Merchant Cash Advance

What Do We Require:

One page application
500 FICO Score
Special programs for scores 650+ and 700+
Minimum 6 months in business
Minimum $12,500 monthly gross sales
1st and 2nd loans or advance position – Sunwise Capital can pay them off
You must be current on your rent or mortgage
Liens up to $200K? Must be on a payment plan.
Small lien without payment plan will be considered case-by-case.
Three most current months business bank statements –
Four most current months merchant account statements –

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SMALL BUSINESS STARTUP LOAN  apply for loan

One of the greatest challenges in business is securing the capital you need to get your business off the ground.

You have your business plans maybe even some newly printed business cards. Now what?

You can go to any financial institution or try your luck with venture capital.

The reality is the options are few and far between when you try to get a small business startup loan.

Unless you have a tremendous amount of savings, collateral, and assets with a very high personal credit score, the banks will not consider you for a loan.

If you have a unique product or service that is ‘Shark Tank’ worthy, the venture capitalists will all but ignore you.

There are over 600 crowdfunding platforms around the world. You can always try your hand at crowdfunding or something like GoFundMe.com. Make sure you have something that gets people excited.

The odds of getting funded or getting the amount you need on any funding platform is quite low. Having another “me too” business idea will not get you the funding you’re looking to raise.

READ THE TRUTH ABOUT GETTING STARTUP BUSINESS LOANS

Startup Business Loans

Most business owners get their funding from personal resources.

PERSONAL LOAN FOR BUSINESS  apply for loan

It’s no secret that getting funding is perhaps the biggest challenge you’ll have when you start your business. The greatest resource of capital comes from the business owner’s themselves.

  • Family
  • Friends
  • Borrow from Your 401k
  • Personal Savings
  • Low-interest Credit Cards
  • Get a 2nd job
  • Home Equity Loans
  • Auto Title Loans
  • Venture Capital
  • Angel Investors
  • Banks
  • Crowd Funding

Entrepreneur provides the top sources of startup funding

BUSINESS CREDIT CARD apply for loan

Business credit cards are a fantastic alternative if you or your partner have a credit score north of 700. The strategy involves what is known as credit card stacking.

It’s simple. The idea is to leverage your personal credit to qualify for business credit cards. You can easily accumulate $50,000 to $150,000 in credit cards, some with low or no interest rates for an introductory period.

This strategy works with new businesses. Just make sure you have an LLC, and you have your EIN.

READ BUILDING BUSINESS CREDIT – THE AUTHORITATIVE GUIDE

Building Business Credit – The Authoritative Guide

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HOW TO DETERMINE THE BEST TYPE OF LOAN FOR YOUR SMALL BUSINESS?

There is no magic formula. Start asking yourself the following questions:

  • How much do you need?

  • What do you need it for?

  • How quickly do you need it?

  • How long will it take to pay back the money?

  • How long have you been in business?

  • What do your business finances look like?

  • Do you have any collateral or assets to put up for the loan?

Once you determine how much you need and what you need it for, ask yourself what the ROI is? (the return on investment.)

How much can you expect to make with the money and over what period?

Do the math. Calculate how much you make on every dollar you borrow. If you need help with this calculation call us at 888.456.9223.

This number is the key! Once you know it, you can answer the question of how to determine the best type of loan for your small business.

It’s all about the numbers.

HOW TO APPLY FOR A SMALL BUSINESS LOAN AT SUNWISE CAPITAL?

At Sunwise Capital we make it simple. Just click here and fill out the brief form. Once you hit submit you will receive an email with a link to our one-page application or you can just wait, and an underwriter will call you to discuss your loan options.

WHAT ARE THE QUALIFICATIONS FOR A SMALL BUSINESS LOAN?

  • You must currently own the business.
  • No startups
  • Six months in operation
  • FICO 450 or better
  • $12,500 monthly revenue is the minimum.

WHAT ARE THE NEEDED DOCUMENTS AND OTHER REQUIREMENTS?

  • One-page application
  • Last three months of business bank statements

WHAT YOU CAN DO WITH SMALL BUSINESS LOANS?

There is no limit to the use of funds.

  • Grow or Expand Your Business
  • Pay any Business Bills
  • Upgrade Equipment or Technology
  • Inventory or Supplies
  • Tax or Insurance Payments
  • Advertising and Marketing
  • Staffing
  • Payroll
  • Expansion & Renovation
  • Cash Flow
  • Working Capital
  • Consolidate Debt

BENEFITS OF GETTING A SMALL BUSINESS LOAN WITH SUNWISE CAPITAL?

The number one question we receive is, “What are your rates?”

Find out why Sunwise Capital offers one of the “Top 10 Business Loans,” in the country. Also, check out the BBB.

Are you tired of dealing with pushy salesmen who are more interested in “selling” you a loan to earn a big commission?

At Sunwise Capital you will speak directly with one of our well-trained professional underwriters.

You can reach Sunwise Capital by email, by toll-free phone (888-456-9223) or fill out this form.

REPAYMENT OF SMALL BUSINESS LOANS?

Your loan is paid back through the ACH system. The debits are withdrawn automatically from the corporate bank account we funded initially. This withdrawal is per your agreement either from your company bank account or merchant credit card account, on a daily, weekly or monthly occurrence.

Call us Today at 888.456.9223 or Apply Online

Call 888.456.9223

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