UNSECURED PERSONAL FUNDING
*Quick pre-qualification form below*
Funding Basics:
We are nationwide Funding Consultants, specializing in assisting qualified borrowers with obtaining unsecured cash term loans. We have established a network of nearly 240 lenders; major banks, credit unions, and private lenders, who provide unsecured loans. There are no upfront fees, no pre-payment penalties and no collateral required. All loans are personal loans based on borrower’s credit profile and verified income. The minimum credit score is 650 but the ideal credit scores for our clients are 680+ Credit Scores. Borrowers are required to have a minimum $27,000 gross annual income or adjusted gross income for self-employed borrowers. Loan amounts range from $10,000 to $400,000 with rates as low as 6%. The loans are principal and interest loans with 3 or 5-year terms. Loan rates and terms are determined by the lenders, based on borrower’s credit profile, and verified income.
Unsecured Personal Funding W2 – Employees
Funding Details $10,000 to $400,000 -
- Funded in as little as a week.
- Approvals in As Little As 24 Hours
- NO Upfront Costs.
- 15% Success Fee If Funded
- No Down Payment
- No Collateral
- No Reserves needed
- Borrowers pay a 15% (15pts) fee if successfully funded.
- Term Loans – 3, 5, or 7-Year Terms with rates as low as 6%* for well qualified borrowers. Monthly Payments of Principal and Interest.
- Lines of Credit – Flexible Borrowing option. Rates as low as 6%* for well qualified borrowers. Monthly Payments of Principal and Interest. Requires a 700+ Credit Score.
*Lenders determine the interest rates, terms, and payments.
REQUIREMENTS:
1. 650+ Credit Scores: Must be reporting on all 3 credit bureaus.
2. 2+ Years of Clean Credit History: No recent late payments, no judgements, collections, or liens. Bankruptcies must be discharged for a minimum of 2 years.
3. No New Accounts in The Last 6 Months. (Credit Cards, Increasing Credit, Personal Loans, Refinances, Mortgages, etc.)
4. 60% or Lower Revolving Debt
5. No More Than 6 Inquiries on ALL Credit Bureau in the last 6 Months
6. $27,000 Provable Annual Income
DOCUMENTS NEEDED:
- Signed Contract and Completed Application ID Color Copy, Front and Back in PDF or JPEG format.
- Driver’s License, State ID, or Passport
- Proof of Income: W2 & 1 Month Pay Stubs
- Social Security Card Color Copy, Front and Back in PDF or JPEG format
- Logins to Credit Monitoring Website: Must show all 3 scores. NO CREDIT KARMA.
Suggested Services
- 3 Months of Personal Bank Statement: Must show direct deposit.
- Utility Bill: Electric, Gas, Water, Waste, Cable, Telephone, Deed or Lease Contract for Home Voided Personal Check: No Starter Checks.
- Direct Deposit form or Official Letter from the bank if no voided check.
Self-Employed Unsecured Funding 1099/Sole Proprietorship/Single Member LLC
FUNDING DETAILS: $10,000 to $400,000 -
- Funded in as little as a week.
- Approvals in As Little As 24 Hours.
- No Down Payment
- No Collateral
- No Reserves Needed
- No Upfront Costs
- 15% Success Fee If Funded.
- Term Loans – 3 or 5 year(s) with rates as low as 6%* for well qualified borrowers. Monthly Payments are Principal and Interest. *Lenders determine the interest rates, terms, and payments.
REQUIREMENTS:
1. $50,000+ Gross Revenue: Must be in business minimum 2 Years. Adjusted Gross Income (AGI) minimum $27,000.
2. 2+ Years of Clean Credit History: No recent late payments, judgements, collections, or liens. Bankruptcies must be discharged for a minimum of 2 years.
3. 60% or Lower Revolving Debt.
4. 650+ Credit Scores on all 3 Credit Bureaus.
5. No New Accounts in The Last 6 Months. (Credit Cards, Increasing Credit Limits, Mortgages, Refinances, etc.)
6. No More Than 6 Inquiries on ALL Credit Bureau in the last 6 Months.
DOCUMENTS NEEDED:
- Signed Contract and Completed Application
- Color Copy of ID. Front and Back in PDF or JPEG format.
- Color Copy of Social Security Card. Front and Back in PDF or JPEG format.
- Proof of Income: 2 Years 1040 Filed Returns, Schedule C and 4506T (For Personal and Business)
- Logins to Credit Monitoring Website: Must show all 3 scores. NO CREDIT KARMA.
Suggested Services
- Utility Bill: Electric, Gas, Water, Waste, Cable, Telephone or Deed or Lease Contract of Home.
- 3 Months of Personal Bank Statements.
- 3 Months of Business Bank Statements. (if applicable) Voided Check: Must match provided bank account information. Must be for personal bank account. No Starter Checks. Direct Deposit form or Official Letter from the bank if no voided check.
What benefits come with the success fee?
A. There is No down payment!
Our loans are set up so that you won’t have to come out of pocket at all or very little, which is on the backend of your deal (which you would have already accomplished)! This is a huge advantage to the Real Estate Investor saving them $20k-$60k up front, leaving their liquid funds at their disposal to further their business and not have to “put all their eggs in one basket” if they do not wish to do so during time frame of renovating and selling of the property.
B. You will have an assigned lawyer advocating for you!
We have on staff lawyers who work with the lenders to raise capital on your behalf, as well as to negotiate the terms of your loan in your favor.
C. You get to use up to 100% OPM!
Using OPM has ALWAYS been the strategy that the wealthy use to build their wealth. It is the
secret of the wealthy and is always taken advantage of if they have the opportunity to use. Why
risk your own money when you can use someone else’s? 15% of a loan is well worth this rare
and lucrative opportunity.
D. You get funded within 5-7 business days!
Opposed to having to wait 30 days to close on your funds like traditional lenders, you can beat
the competition to the punch and have cash in hand within 5-7 days. That's a no-brainer!
E. Appraisals are not needed!
When being financed through a traditional lender, an appraisal is needed for the property in
order to be funded. On top of the 30 day waiting process of traditional banks, this adds about
an extra 7 days to the lending process. No need for that here!
F. Own your property outright!
When funded fully, you can buy the property outright without having any liens on your property!
what a way to keep your assets secure!
Funding Process:
Below is the described lending procedures over the course of the loan application, approval,
and funding process.
1. Pre-approval Process:
First, we get to know as a potential client and your situation as well as ask you a few questions that will determine if you are pre-qualified to receive our unsecured funding. Once I have pre-approved you, I will have my pre-qualification specialist go over the same things with you on a 3-way call as a precaution of thoroughness in making sure you are indeed qualified to move forward in receiving our funding.
2. Application/Approval Process
You will then provide me with all of the described documents that I will request via email. Once we receive your documents, they will be uploaded to our CRM and processed (usually within the same or the following day of receiving them all), I will call you to schedule your compliance call which will be scheduled for the following business day. This will be a 10 minute call where my compliance team will vet you (the client) and make sure everything is legitimate before moving forward. They are very busy processing over 200 files on a daily basis, so please make sure that you are available for this brief call. I will connect you to them for the remainder of the funding process as your contact.
3. Funding and Payment Process
You wait! You will know whether you are approved for your loan or not within approximately 3 days, as well as the loan amount that you are approved for, and the terms of your loan from the lender (interest rate, term of the loan). This is the first (and sometimes only) round of funding. If you did not receive the full desired loan amount, you must accept your first offer within the first round of funding. This takes place within 7 business days! This leads to the second round of funding which you will receive soon after. If you are offered a lesser amount during your first round of funding, a larger amount is usually offered during the second round. There can be a third round of funding if you don’t receive the full desired amount after the second round. The banks will add an extra 15% to your overall loan. Make sure to add this extra amount to the amount of funding that you are asking for on the Client Agreement Form. This will be added to your loan so that you can pay us the success fee for FIRST successfully helping you obtain the funds with OPM! (other people’s money) We can also add 6 months worth of payments to the loan so that you can use the loan (OPM) to pay monthly payments during the waiting time of renovation and of selling a property, if you are using this funding for real estate, so that all the way up until the sale you have used 100% OPM! You can then pay the whole loan off out of the proceeds from the sale of your property. You will have gained your profit without spending any of your own money!!
* This is how we aim to structure our deals. This does not guarantee that you will be funded the full asking amount, but this is the best example of how we fund our clients on average. The amount that you are funded is based on what your personal credit profile will qualify you for.
FREE Business Credit and Loan Consultation
Enter your information for your no-cost business credit & loan consultation! (Value $199)
*You can quickly get pre-qualified by filling out our unsecured funding form below. After completed, we will let you know your next steps to take in order to get funded and moving toward your goals.*
*More details under this form*
