Bank Statement Loan
BANK STATEMENT FINANCING (BSF)
Shearson Capital will buy your future revenue.
The BSF program is perfect for companies that accept credit or debit cards but whose sales come largely from other sources.
Have you wished you could just show your business bank statements and get financing based off of your sales volume? Now you can! Shearson Capital offers Bank Statement Financing (BSF). The BSF product by Shearson Capital was developed with the needs of the small business owner in mind. Banks often require a certain personal net worth, debt service coverage ratio, or liquidity ratio along with perfect credit and an unlimited personal guarantee that is unrealistic for many small business owners. There’s a better way!
By comparison, Shearson’s Bank Statement Financing (BSF) offers a streamlined process that provides a simple one page application and immediate access to unsecured funding from $10,000-$300,000. Shearson Capital offers high approval rates, minimal credit requirements, and a flexible repayment process that is directly tied to your business' sales volume. All of these features provide you with immediate access to working capital funds that you can use for any business purpose
This program differs from our other programs in that it has:
- Amounts up to $300,000
- Terms up to 2 yrs
- Based primarily on your business’ overall sales (all payment types)
- 1 day out of Bankruptcy
HOW IT WORKS
Shearson Capital will purchase a fixed dollar amount of your business’ future sales at a discount. We look at your bank statements and credit / debit card sales to qualify your company. This combined approach creates more flexibility and can allow your business to qualify for more capital today! Once approved, you'll receive a lump sum of the working capital you need as the purchase price. You're then all set to use this money for any business need. There are no restrictions on how you use the money in your business. It's not a loan; it's a smart way for businesses like yours to get the funds you need now.
Our focus is on your business's historical cash flow and performance which provides us with much more flexibility in our lending standards. Our goal is to fill the void in available working capital solutions for small business owners that resulted from the tightening credit markets. Qualifications are primarily based on the strength of your business. That means things like a business owner's poor personal credit history is not an automatic disqualifier for our BSF program. Compare that to other lenders and financing sources. Plus, we can get the money in your hands in as few as 5 days with very little paperwork.
Best of all, the BSF program is a very cash flow friendly solution for your business. Shearson Capital gets paid when your business gets paid. It’s a really simple way to get financed. In fact, 85% of our eligible customers renew.
HOW MUCH YOU QUALIFY FOR
Get a FREE quote now and see exactly what you qualify for by filling out our quick form. Our professional representatives are standing by to answer your questions and to offer a no hassle and no obligation FREE quote to see if Bank Statement Financing is right for you.
To find out how much you qualify for, simply complete the online application and provide some basic information. You will receive a free, no obligation quote within 24 hours from a Shearson Capital Account Executive who will review your funding options.
- Location has been in business for at least 4 months
- At least $10,000 per month in gross sales
- You process at least $3,000 per month in credit card sales
- Each owner has a 500+ credit score
- Any bankruptcies have been discharged for at least 1 day
DOCUMENTS TO APPLY
Getting started is easy. Based on your funding needs and business situation; our representatives will guide you through the documents you’ll need when applying. Generally we look for:
- 4 to 12 months merchant account statements
- 2 most recent complete business bank statements
- Occasionally, the most recent tax return for larger financing requests
- If previously BK, discharge paperwork
Click here for answers to all of your questions or call us anytime.