Since the mortgage collapse of 2008, banks still continue to be very strict when it comes to giving business loans. Many small business do not meet the underwriting requirements of traditional lenders, particularly for those that have less than outstanding credit. Some banks do require some type of collateral to secure the repayment of the loan, not to mention the endless paperwork such as business tax returns, personal tax returns, profit and loss statements, business plans etc.

In most cases, these documents are not readily available and will most likely have to be prepared by a CPA. In times of emergencies, when funding is needed quickly, this process can be tedious and time consuming, usually 30-60 days.

Fortunately, our program is willing to take chances on the small business owner who may run into short-term financial problems. For example, a company may do significantly more business over the holidays resulting in large payoffs at the end of the year, however the company must have enough working capital to buy inventory and cover payroll during the off-season as well, when revenues are lower.

The National Business Bank Statement Loan Program offers working capital loans ranging from $5,000 TO $500,000 in as fast as 5 days, without the requirement of tax returns. Higher loan amounts are available at maximum limit of $5 million with additional documentation required. The highlight of the program is we do not focus on your personal credit history, but on the cash flow of your business by way of three months most recent bank statements.