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05-15-2013, 10:44 AM #1
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IOU Central's Lower Cost ACH Merchant Loan Starting @ 12.99% http://ioucentral.com
Non-Collateralized simple interest Business loans up to $100k
14.99% simple interest rate on 12 month loans. 12.99% on 6 month loans.
Ability to lower total cost with early repayment.
o Upon early loan repayment, future interest is not paid.
Online credit approval, submission, closing & funding process
No re-underwriting or changing of loan terms after disclosed by UW.
Borrowers in repayment programs of tax liens are ok.
Save SBOs on average $1250 per $10,000 borrowed vs. MCAs.
Lower cost of repayment at longer terms vs non-bank business lenders
OTHER KEY ADVANTAGES
OK to have other business loans.
Loan funds can be used for ANY business purpose.
No to minimal prior-to-closing verifications. (VOR Vendor)
We qualify off total business cash flow, not just credit card receivables.
o Larger loan amounts available.
Do not have to change out Credit Card processor.
Technology platform to manage sales team pipeline easier.
Business loans are tax deductible. (consult your accounting professional)
No fee to apply or qualify.
Very fast approval process Within 48hrs.
Limited Documentation.
o Only 6 mos bank statements & a voided check from the reviewed account
o 2 yrs business tax returns
Use loan to help build business credit.
Apply for new/renewal loan when initial loan paid down 50%.
Key Requirements
Businesses with Daily or Constant sales preferred Retail / Cash & Carry
Must be in business >2yrs or more
BK discharged >2yrs
Clean Bank Statements with limited NSFs and Negative Ending Days
Min $3000 average daily balance
15+ deposits per month
Minimum >$10,000 deposited per month
80% of ownership must sign and guarantee our loans
Colt McDaniel
Account Executive
IOU Central
600 TownPark Lane, Suite 140
Kennesaw, Ga. 30144
678-894-1773 (Direct)
866-217-8564 X419 (phone)
colt@ioucentral.com