Blue Rock Funding. Cash Advance and Small Business Lending Experts

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1 Blue Rock Funding Cash Advance and Small Business Lending Experts

2 Borrowing Basics: When a small business needs extra cash, funding options are usually limited, especially if there is no collateral. Traditional lending sources such as banks have a lengthy and tedious application process that requires excellent credit and extensive documentation. In fact, less than half of all business loan applications are approved.

3 What is Alternative Funding? Alternative funding is the attainment of capital from a source other than a conventional lender (i.e. a bank or credit card). Blue Rock Funding offers two lending programs for the small business owner: 1) Merchant Cash Advance (MCA) 2) Business Cash Advance Both of these programs can provide cash in amounts ranging from $5000 to $500,000 in as little as 72 hours.

4 Merchant Cash Advance (MCA) Merchant Cash Advance programs allow businesses that accept credit cards to borrow up to $500,000 against their future sales. Approval is based on the overall health of the business and in most cases, a credit check is not necessary. Repayment is a specific percentage of your sales, deducted directly from your daily or weekly batch. This option is especially attractive to borrowers because the payments are proportionate to sales; during slow periods, less money is withdrawn. 95% of all MCA applications are approved and in most cases, no personal guarantee is required. The entire process, from application to deposit of funds, can be as quick as 3 days. Documents required for prequalification are: 4 recent bank statements, 4 recent merchant statements, and a one page application. Remember to include ALL pages of your statements to expedite processing. For advances over $50,000, tax returns may also be required.

5 Business Cash Advance: The Business Cash Advance program is a short term solution that allows borrowers to advance a portion of their future revenue. Approval is based on current business sales volume (although a minimal 500 FICO score is also required). Repayment terms are a fixed daily deduction (ACH) from your business checking account for a prearranged term, ranging from 3 to 12 months. There is no interest on these programs but there is a factor rate that equates to about 15-28% over the amount advanced. If this rate seems high when compared to conventional loans, it is due to the high risk assumed by the lender since the only collateral is future revenue. This program has a 95% approval rate when the minimum criteria is met. Candidates typically deposit at least five times each month and deposit totals are equal to or above $10,000. The Business Cash Advance can also be renewed after half of the balance has been repaid, meaning more cash can be obtained shortly after initial funding. For this program, the lender will register a UCC filing, which does not affect the borrower's credit rating. Documents required for prequalification are: 4 recent bank statements and a one page application. Remember to include ALL pages of your statements to expedite processing. For advances over $50,000, tax returns and other documentation may be required.

6 Testimonials: Thank you so much for all of your help with our merchant cash advance. Thanks to your persistence in getting us funded, we were able to purchase equipment that increased business and expanded our service options. The early prepayment clause you arranged also allowed us to save money. Even after speaking with several lenders and getting many offers, it was an easy decision to go with Blue Rock. Francesca F. Third Element Graphic Design, NY Even when others say no, we say My husband and I have a small café. We heard about a vacancy next door, which would allow us to expand. There were other people interested in the space so we had to act fast. A bank loan was just not an option. We contacted a few places we found online and then saw a Blue Rock Funding post on Twitter. We called on a Tuesday morning and on Friday we had our money. We signed the new lease a few days later. Thank you to all the guys at Blue Rock who helped make this happen. Jill S. Blue Moon Cafe, MD Blue Rock Funding made the cash advance process easy and funding was fast. The funds we received helped to consolidate bills and clear up some overdue tax obligations so that we could catch up and focus on business instead of bills. Dealing with our rep was awesome. He knew the programs and told us exactly what we could expect and most importantly, he delivered exactly what he promised. We are Blue Rock clients for life! Jim B. Middletown Diner, NJ CALL TODAY: