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Hard Asset Based Loans
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Hard Asset Based Loans
No Cost     No Obligation     24 Hour Approvals
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Hard Asset Based Loans

Are You Eligible for our Hard Asset Based Loans?

1-year
rev
industry
500

Our minimum qualification are less than those of banks. We’re focused on getting you approved so your business can thrive with  Hard Asset Based Loans.

What are Hard Asset Based Loans

Hard asset based loans are a type of commercial finance when the borrower uses a real asset or real property as collateral to secure the loan. Therefore, a business loan that is secured by collateral or assets is an asset based loan. The use of the term “Hard Money” refers specifically to the risk associated with this form of business lending. As such, hard money loans are considered riskier than a traditional commercial banking loan and as a result will have higher interest rates.

  • Is There a Difference Between Asset Based Loans and Hard Money Loans?

    The reality is that by the nature of the loan a hard money loan usually is an asset based loan. Remember that the asset based loan is backed or secured by collateral or assets. The term hard money signifies the increased commensurate risk associated with this type of loan.

  • Why do Business Owners Use Hard Money Loans?

    If these types of loans are significantly more expensive than a traditional bank term loans, then why do business owners look for this type of loan? The reason is simple. They are easier to secure than the bank loan or traditional financing options. It is not uncommon for banks or credit unions to require stringent underwriting requirements including a high personal credit score, 3 years personal and business tax returns, detailed financial statements like P&L, and balance sheet to name but a few. A Harvard Business Review suggests that you must visit almost three banks and devote some twenty-eight hours to paperwork preparation to apply for a bank loan. This alone is enough to turn off the average, busy business owner.

hard asset based loans

What are the Benefits of a Hard Money Loan?

Hard money lenders provide:

  • Faster decisions
  • Credit history usually not a factor
  • Need cash to take advantage of opportunities
  • Needs more money than the bank offers
  • Business owners who rather find new opportunities rather than trying to raise capital

Why is Asset Based Lending an Alternative?

Asset based lenders provide loan programs for those that:

  • Don’t qualify for traditional bank financing
  • Need fast money for a deal or opportunity NOW
  • Want less expensive business money than pure hard money loans
  • Want to help improve their cash flow
  • Needs equipment or working capital
  • Needs to reduce debt or short term loans
  • Needs to pay off tax liens or other credit issues

Two quick question to see if you qualify.

1. Do you own a lot of equipment or real estate?
2. Do you have enough cash on hand to make a 25% to 50% down payment of the new or used equipment?

Hard Asset-Secured Financing

  • $20,000 – $2,500,000
  • 2:1 Collateral Coverage (50% LTV)
  • Equipment and Real Estate Secured (1st, 2nd & 3rd lien)
  • Bridge Loans, Equipment Acquisitions, Working Capital, and Refinancing

Owner-Operator Truck Financing

  • $10,000 – $55,000 Net Financing; 25% Minimum Down
  • 2009 or Newer Class 8 Tractors / 2012 or Newer Reefer Trailers
  • No Minimum FICO

hard asset based loans

OWNER-OPERATOR TRUCK FINANCING SOLUTIONS
ANY CREDIT SCORE
MINIMUM 25% DOWN

PROGRAM GUIDELINES

  • $10,000-$55,000 Net to Dealer
  • 2009 or Newer Class 8 Tractors (<700K miles) 2012 or Newer Reefers ($25K Max Net Funding) Minimum 25% Down (Cash and/or Trade) 24-60 Month Leases or EFAs
  • CDL, GPS, & ACH Required

SUBMISSION REQUIREMENTS

  • Completed Application
  • Itemized Dealer Invoice
  • Full Truck or Trailer Specs
  • Credit Bureau (if you have pulled it)

THE GOOD STUFF

  • Two Hour Approvals
  • No-Penalty Payoff after 12 months
  • Start-Ups OK
  • DocuSign e-Documentation Available All Fees Financed
  • 1st Payment Always in Arrears
  • No Additional Collateral Needed

hard asset based loans

SIMPLE SUBMISSION FAST APPROVALS

NON-STARTERS

  • Current BK
  • Child Support Issue
  • Auto Repo or Charge-Off
  • Tax Liens > $10K
  • Private Party
  • Mercedes Engine

Sunwise Capital also offers Asset-Backed Business Financing Solutions for customers funding $20K-$2.5MM in any industry

Speak to a Sunwise Capital underwriter to get detailed descriptions, guidelines and submission requirements.

Call Sunwise Capital when you have:

  • Needs equipment or working capital to pursue a highly profitable business opportunity or expansion
  • Is drowning in high-cost debts and or short-term working capital loans
  • Has tax liens or other credit damaging liabilities

And, “YES” to the following questions is a simple way to determine whether you have a potential hard asset loan from Sunwise Capital:

  • Do you own a lot of equipment and or real estate?
  • Do you have enough cash to make a 25% to 50% down payment for the purchase of new/used equipment?

hard asset based loans

We look forward to becoming your preferred sub-prime financing partner!

Should you have any questions or want to discuss our programs in more detail, please don’t hesitate to contact Sunwise Capital.

Asset-secured Financing for Subprime Borrowers

Equipment Financing  –  Refinancing –  Business Expansion

Financing Structures
Fixed asset-secured financing from $10,000 to $2,500,000

Owner-Operator Truck Financing:

  • $10,000 – $55,000 Net Funding
  • 25% MINIMUM Down Payment Required
  • 2009 or Newer Class 8 Tractors / 2011 or Newer Reefer Trailers
  • No Minimum FICO!

Structured Fixed Asset Financing:

  • $20,000 – $2,500,000
  • 2:1 Collateral Coverage (50% LTV)
  • Any Industry
  • Acquisitions, Bridge Loans, Working Capital, Refinancing
  • Application Only to $150,000
  • Equipment (required) & Real Estate (1st, 2nd & 3rd lien) Secured

hard asset based loans

When Do I Call Sunwise Capital?

Who qualifies?

  • SMBs unable to obtain traditional financing due to challenged credit or insufficient solvency that have:
  • Unencumbered equipment and or significant equity in real estate (residential, commercial, retail, industrial)
  • Guarantors with strong personal financial statements
  • New businesses with sufficient cash for required down payments and adequate collateral coverage

When is it needed?

  • Equipment purchases to expand or start a business
  • Refinance existing high-cost debts
  • Pay-off tax liens
  • Short-term working capital requirements
  • A combination of any of the above

hard asset based loans

Hard Asset Secured Financing Success Stories

Owner-Operator Truck Financing
$40,700 for 1st Time Buyer
Client’s Challenges:

  • Experienced driver wanted to be self-employed. Could not get purchase financing due to:
  • 2014 Car accident
  • 2015 Bankruptcy resulting from medical bills
  • Mortgage modification was underway

Sunwise Capital’s Solution:

  • $40,000 equipment-secured financing.
  • The client provided $11,000 down payment to the dealer.

Result

  • Sunwise Capital’s financing enabled the client to maximize earning potential.

Application Only Equipment Financing
$150,000 for Construction Equipment
Client’s Challenges:

  • Needed capital for two large projects.
  • Young business with poor credit and a slow 2016.

Sunwise Capital’s Solution:

  • $150,000 equipment-secured financing.
  • Client had been paying $19,000/month renting equipment and had over $250,000 in rental credits

Result

• Client owns equipment and reduced payments by over $10,000 per month

Structured Fixed Asset Financing
$257,000 Refinancing
Client’s Challenges:

  • Towing company lost money due to employee theft, foreclosure of commercial property, delinquent property taxes due to cash theft, and strained cash flow due to excessive working capital loans.
  • Owner requested $500K to pay off first mortgage and tax liens.

Sunwise Capital’s Solution:

  • Renegotiated first mortgage holder and reinstates the loan with existing equipment lender to release some collateral and extend terms.

Result:

  • Borrower saved over $10,000 monthly and paid off all tax liens.

hard asset based loans

Preferred Equipment Assets

Agriculture

  • Tractors
  • Harvesters
  • Hay and Forage Equip

Construction

  • Articulated Truck
  • Backhoe
  • Boom Lift
  • Bulldozer
  • Compactor
  • Concrete Pump Truck
  • Cranes
  • Crushers
  • Excavators
  • Frontend Loader
  • Paver (Age Restrictions)
  • Rock Drill
  • Roller (Age Restrictions)
  • Skid Steer
  • Telehandler
  • Wheel Loader

Industrial

  • Packaging Equipment
  • Grinders
  • Horizontal Machining Centers
  • Lathes
  • Machine Tools
  • Milling Machines
  • Plasma Cutter
  • Routers
  • Vertical Machining Center

Transportation

  • Drop Deck Trailers
  • Flatbed Trailers (Age Restrictions)
  • Heavy Duty Trucks
  • Lowboy Trailers
  • Reefer Trailers (Pulling Tractor Lien Required)
  • Service, Utility or Mechanic Trucks
  • Tanker Trailers
  • Med Duty and Class 8 Tractors

Vocational

  • Car Haulers
  • Dump Trucks
  • Tow Trucks (Wreckers and Rollbacks)
  • Refuse Trucks (Loaders and Rolloffs)
  • Heavy Wreckers

hard asset based loans

Sunwise Capital loan programs include:


Sunwise Capital is a top ten finance company and a top asset-based lender. Our loans are typically highly competitive and we stand behind our offers with a $500 guarantee.

Sunwise Capital