Finance Programs

MERCHANT CASH ADVANCE


 This is a short-term loan designed to be an influx of working capital for rapid growth. It allows a business to quickly get rid of debt while leveraging cash flow.


• 3-24 months
• 500+ FICO
• Rates starting at 12%

Example: If a business owner has a monthly bill of $1,000, that $1,000 will be divided by the number of days in the month. This number is typically 21 business days. Essentially, $1,000 divided by 21 business days equals a daily payment of $47.61.

SMALL BUSINESS ADMINISTRATION


 We offer loans on a long-term basis that you're able to use to purchase equipment, pay down high-cost debt, expand your business, or use it for general working capital.


• 1-10 years
• 650+ FICO
• Rates starting at 6%




REVERSE DEBT CONSOLIDATION

Explanation: Clients receive a weekly sum of the total weekly debt of all the current cash advances help by the business owner. Once all cash advances are paid off, the weekly sum will continue until this advance is paid off.

Example: If you have multiple loans currently outstanding and your total weekly payments are $500, the reverse debt consolidation loan will pay for the $500/week debt and you pay us a lowered cost of $300/week instead of $500. Once the your outstanding balances are paid off, the remaining working capital from this loan is fresh capital that you are able to use.

BUSINESS LINE OF CREDIT

Explanation: With a business line of credit, when approved, you have the option of using only a necessary portion of the approved amount at your convenience. Use however much you need from the approved amount, whenever you like during the duration of the loan.

Bullets:
• Rates starting at 7%
• 650+ FICO
• Loans from $5,000-$200,000

Example: If someone has a $20k line of credit from his bank, but draws only $5k, he will be charged interest on only the $5k.

COLLATERAL LOAN

Explanation: With collateral, we're able to give you up to 3 times the gross profit amount of your business.

Bullets:
• 12-36 months
• 500+ FICO
• We accept:
   o Commercial property
   o Residential property

Example: Let’s assume you would like to borrow $100,000 to start a business. This collateral might consist of financial instruments, houses, cash, or even objects such as art, jewelry, or other items. You might also pledge your business receivables as well. When you pledge these assets, you are collateralizing the loan.

ASSET BASED LENDING

Explanation: With asset based lending, you’re able to use investment property as collateral. This program is for those with limited credit history or even those who are experienced investors. It can help free up liquidity and scale business.

Bullets:
• Rates from 9-15%

Example: Much like collateral loans, let’s assume you would like to borrow $50,000 to expand your business. This collateral might consist of financial instruments, objects such as art, jewelry, or other items. You might also pledge your business receivables as well. When you pledge these assets, you are collateralizing the loan.

INVOICE FACTORING

Explanation: If you're looking for immediate cash, you can sell your account receivables (i.e. invoices) at a discount for cash.

Bullets:
• 530+ FICO
• $40K Monthly Revenue
• Debtor/buyer > $10M Annual Revenue

Example: Company A has done work for Company B that includes both materials and labor. Company A invoices Company B for the work with net 60-day terms as they agreed prior to starting the job.

This leaves Company A with not enough income from that contract to replenish inventory, make payroll and pay business expenses. Thus, Company A is limited on taking new contracts because of lack of inventory and materials.

To solve this dilemma, Company A contacts NLF and applies for factoring. We process the application in 24 hours and the Company provides us with the $100,000 accounts receivable for the job.

We provide at least 80% or $80,000 to Company A in just days. This gives the business the opportunity to purchase merchandise and inventory, make payroll and take on new business.

At the same time, NLF will then work directly with Company B to collect the invoice on the terms you have set. Once it is paid in full we deduct our fees from the 20% or in this case the $20,000 withheld, wiring you the balance once the account is closed.

EQUIPMENT FACTORING

Explanation: In order to receive financing, equipment is used as collateral to obtain a loan.

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Hours

Monday   

Tuesday   

Wednesday   

Thursday   

Friday   

Saturday   

Sunday   

9:00 AM - 5:00 PM

9:00 AM - 5:00 PM

9:00 AM - 5:00 PM

9:00 AM - 5:00 PM

9:00 AM - 5:00 PM

   CLOSED

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New Leaf Funding, LLC

SOUTH RICHMOND HILL,

QUEENS,NY

347-474-3667

INFO@NEWLEAFFUNDINGLLC.COM

 

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