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FREQUENTLY ASKED QUESTIONS
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HOW MUCH CAN YOU QUALIFY FOR?We use actual net sales to determine loan amount. Potential loan amounts vary from 6% to 33% of total annual sales (cash and credit sales - actual or projected), based on the merchant's time in business, and the guarantor's credit worthiness. Example: If your average monthly sales volume is $100,000 or $1,200,000 annually, their potential loan amount is $72,000 to $396,000. If sales increase over time, they may qualify for additional capital. All loans are subjected to our Standard Underwriting Criteria. SIZE MATTERS When choosing a business lender to partner with, It's important to compare loan amounts and repayment terms, because... SIZE MATTER! Our average loan size is over 6 times larger with a repayment term is more than 3 times longer than a Merchant Cash Advance. Rockalpine Financial Business Loan Maximum loan amount = $1,000,000 Average loan size = $120,000 Maximum term = 36 months Average term = 23 months Merchant Cash Advance Maximum loan amount = $150,000 Average loan size = $120,000 Maximum term = 12 months Average term = 8 months
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OUR UNIQUE LOAN PRODUCTSWorking Capital Loans When cash is tight due to an expected dip in sales or a slow seasonal period, ARF can provide your client with a Working Capital amortizing term Loan to provide the surge of capital they need quickly and without the need for collateral. Unsecured Lines of Credit When growth opportunities emerge, business conditions change or unexpected issues, ARF can provide your client with an unsecured Line of Credit giving them 24-hour access to 5 separate loan drafts over a 6-month period. Minimum $5,000 first draw required. Flex Pay Loans-Exclusive Flex Pay Loan is our most popular product. It allows your clients to defer up to 50% of their loan principal into the future, resulting in dramatically lower payments, allowing them to borrow the funds they need to grow - now! This product provides the ultimate client financing flexibility! Interest-only Flex Pay Loan ARF Financial has long had the most aggressive interest-only product in the marketplace, our Interest-only Flex Pay Only. Well, we just made it even better. We believe your clients shouldn't have to sacrifice cashflow to grow their businesses, and with ARF Financials' new and improved Interest-only Flex Pay Loan they won't. IO Flex Pay now allows your clients to quickly access amounts from $50,000 to $750,000 without collateral and low, interest-only payments for up to one year (52weeks)! And now, It also carries a Line of Credit with unlimited draws for up to a year. New Interest-Only Flex Pay Advantages: Loan amounts from $50,000 to $750,000 with no collateral required Pay only the interest for up to 52 weeks with safety net rollover term of 104 weeks A Line of Credit will now be provided for up to 52 weeks Unlimited draws of $25,000 or more during the Line of Credit period No Tax returns of financials required on amounts up to $750,000 After interest-only period, you have options. You can pay off the principal, allow it to rollover, or simply refinance it. Note: The IO Flex Pay Loan requires an Equifax credit score of 651 or higher, and a guarantor with home ownership. Merchant draw requests will receive a desktop underwriting to ensure the merchant's creditworthiness has not materially changed since the original loan was initiated. The merchant will be required to submit updated bank transactional data via PLAID or via paper statements prior to a draw request being funded.
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BANKROLL-REVOLVING LINE OF CREDITBankroll revolving line of credit provides you with a max approval amount (up to $1M), a fixed loan term (up to 36 months), a fixed weekly payment, AND the flexibility to pay down, to borrow, how much to borrow, the size of their weekly payment, how much in finance charge they pay and how long they keep their loan. The client is in complete control of their loan based upon their unique business needs, which may change over time! And BANKROLL provides early payoff without penalty anytime during their loan! BANKROLL-THE ULTIMATE REVOLVING LINE CREDIT Max approval amounts up to $1,000,000 with minimum loan of $5,000 Max amortizing term up to 36 months with fixed weekly payments A revolving period up to 52 weeks Unlimited draws of $5,000 or more during the revolving period Every payment made and partial principal paydown frees up line availability Finance charges accrue and are collected weekly Pay off or pay down without penalty Closing points only charge on cash out Loan amounts reset with each draw or pay down, providing the client with an adjusted, fixed weekly payment amount based upon their reset loan amount Note Merchant draw requests will receive a desktop underwriting to ensure the Merchant's creditworthiness has not materially change since the original Loan was initiated. The Merchant will be required to submit updated bank transaction data via PLAID or via paper statements prior to a draw request being funded. ARF will strive to fund all qualified draw requests within 2 business days of receipt.
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WHO WE LEND TOPreferred Business Type (B2C) Hotel/Motel Restaurant Ice Cream/Yogurt Shop Food Gift Basket Store Food Popcorn Store Smoothie Shop Retail Store - Other Bed & Breakfast Bakery/Caterer Café in Fitness Center Candy Store Other B2C Acute Care Facility Auditory Center Automotive Parts Store Automotive Repair Automotive Services Barber Shop, Hair Salon Bicycle Shop Book Store Bowling Alley Cancer Radiology Center Cancer Treatment Facility Car Wash Cheese Store Chiropractor Cigar Store Cosmetic Surgery Dentist, Orthodontist Diagnostic Imaging Center Doctor Dry Cleaner Florist Grocery Store Hardware Store Home Healthcare Mail & Package Store Mail Food Outlet Medical Spa Movie Theatre Nail Salon Nightclub Nursing Home Optical/Vision Store Pet Grooming Pet Store Pharmacy Photo Studio Physical Rehab Prepackaged Meal Quick Copy/Printing Spa Sporting Goods Store Urgent Care Facility Veterinarian Expanded Portfolio Business Types - (B2B) Chemical Manufacturing Drug Manufacturing Electronics Manufacturing Food Manufacturing Food Processing & Sales Steel Fabricator Steel Production Other Manufacturing companies Other B2B Accountant Aerospace Alternative Energy Production Architect ATV/Golf Cart Dealer Bottling & Distribution Brewery Building Equipment Building Materials Business services Cable & Satellite TV Production Commercial Cleaning Services Commercial l Inspection Services Commercial Landscaping& Design Communication Company Computer Software Defense Contractor Defense Electronics Distillery E-commerce Engineering For-profit Education IT Hardware sales IT Services Legal Services Locksmith & Security Meat Processing & Products Medical Equipment & Supplies Nutritional & Dietary Supplies Pharmaceuticals & Health Products Printing & Publishing Professional Sport Arena Radio Station/Services Telecom Services & Equipment Textiles Tractor & Lawn Mower Sales Waste Management Wholesale
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MINIMUM REQUIREMENTSTo Prequalify – B2C Must be brick and mortar business Open and operating for a t least 1 month(30days) Minimum annual sales of $200,00 (approximately $17,00/monthly) Guarantor with personal Equifax Credit Score of 551 or higher Client may have a maximum of 2 outstanding cash advances (short-term loans) Merchants may qualify for up to $500,000 (single unit) and $750,000 (Multi-unit) without the review of tax returns and financials Loan terms from 12 to 36 months Our loans do not require a review of tax returns and financial statements To Prequalify - B2B Must have commercial office space or warehouse. Open and operating for at least 2 years Minimum annual sales of $200,000 Guarantor with personal Equifax Credit Score of 601 or higher Client may have maximum of 2 outstanding cash advance (Short-term loans) Merchants may qualify for up to $500,000(single unit) and $750,000(Multi-unit) without the review of tax returns and financials Loan terms from 12 to 36 months Our loans do not require a review of tax returns and financial statements
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USE OF FUNDSWe understand the everyday challenges small business owners face, our underwriting process is designed to consider unique industry situations including: Required refreshes Renovations and remodels Opening additional locations Expansion projects Equipment purchases Stocking up on inventory Advertising/marketing Partners buy-outs Tax payments or lien retirement Working capital shortfalls
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OUR LOANS PROGRAM ADVANTAGES• Loan amounts from $5,000 to $1,000,000 • No collateral required on amounts up to 750,000 • Repayment terms from 12 to 36 months • Same-day approvals and fundings in under a week • Minimal documentation is required • Interest-only options are available • Up to 50% principal deferment for lowest payment • All loans come with an optional line of credit • Fast access to 5 loan drafts over a 6-month period • Repayment is not tied to credit card transactions • Early pay-off options are available • The interest paid is tax deductible
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OUR BANK PARTNERSHIPSExclusive Bank Relationships Traditional banks typically don't lend to restaurants and small businesses, and on the rare occasion when they do, they require unencumbered collateral, tax returns, financial statements, and may take several weeks to decide. For this reason, we forged exclusive relationships with a select group of entrepreneurial, state-chartered community banks that have community banks that have committed to make loans to our clients. Due to our long and successful track record, our bank partners have adopted our underwriting model and are committed to providing our clients with bank compliant financing, without the normal paperwork hassles of the long wait.
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WHAT YOU'LL NEED TO GET STARTED4 pieces of information for a preliminary offer: Length of time in business of the entity you're referring (same ownership, concept, and location) Personal credit score range of the guarantor Excellent = 700+ Good = 651-699 Fair = 601-650 Poor = 551- 600 Unqualified = Less than 551 3. Average monthly sales (cash & credit card) 4. Determine if the guarantor owns a home and is current on their mortgage
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MINIMUM QUALIFICATIONSPreferred Industries: - Minimum Equifax credit score of 551 - Minimum 1 month time in business (same ownership) - Minimum monthly sales of $17,000 - Loan amounts up to $500,000 for single entities - Loan amounts up to $750,000 for multiple entities - Fixed terms from 12 to 36 months - we can pay off up to 2 competitors(short-term loans) Expanded Portfolio - Minimum Equifax credit score of 601 - Minimum 2 years time in business(same ownership) - Minimum monthly sales of $17,000 - Loan amounts up to $500,000 for single entities - Loan amounts up to $750,000 for multiple entities - Fixed repayment terms from 12 to 36 months - We can pay off up to 2 competitors(short-term loans)
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