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03-23-2023, 12:44 AM #1
Here's TVT program:
ERTC Bridge overview
Up to 60% LTV on submitted ERTC claims
22-35% 12 month deals
interest only - sometimes for full term sometimes for half the term - depends on the credit
At Submission:
• 3 months business bank statements (main operating account)
• Merchant application
• Most recent tax returns & 2022 YTD P&L
• Form 941
• Form 941-X
• Employee ERC calculation breakdown per quarter associated with the corresponding filed 941-X form
• Proof of eligibility (eligibility criteria)
- government mandated shutdown
- Loss in revenue in accordance with ERC qualification (please have CPA sign and owner)
*If you can not provide the ERC calculation break down the client can only be approved for tiered amortized weekly payment structure*
(Require driver id of owners over 20% as well)
Fees: 4 % origination
Commission: 4% to 5%
You can also get ERC advance from
https://financeerc.com/
To help expedite the process and receive funds quickly we request ALL information up front.
(You are assessed a one time Administration Fee)
ERTC Bridge overview
Up to 70% LTV on submitted ERTC claims
This is not a lending product. We require no daily, weekly or monthly payments against the money we provide to you or your clients today.
DOCUMENTS REQUIRED:
1) ERC APPLICATION
2) Voided Check
3) A Valid Colored copy of the Driver's License (FRONT & BACK)
a. INCLUDE OWNERSHIP of 20% or More
4) 3- Current Months of Business Bank Statements
5) FORM 8821 & 7216 (MUST BE WET SIGNATURE IN BLACK INK)
6) FORM 941 and 941x included for EACH Quarter the business is requesting the ERC
7) ERC Calculations to support the Filing:
a. Breakdown of wages by type and quarter (CONFIRM PPP Calculation is Subtracted from the ERC)
8) ERC Qualification (Reason) from ERC Filer
9) 2 Most RECENT Quarters of 941's
10) 1- Current Year of Business Tax Return
11) W9
a. By the Authorized Signer(s)
12) Copy of the Operating Agreement, By-laws, or Corporate FormationSteve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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