We are a leading National source of Cash Flow Loans for Businesses, including Lines of Credit Style, Loans Against Equipment,
short terms loans and Personal Loans.
Author Biography:Will Sanio,
Owner of
SCF Funding, dba bankstatementloan.com/, has a Bachelor of Science Degree in Finance from the University of Tennessee, Knoxville.
Over 20 Years experience including 10 Years with Wells Fargo formerly Wachovia Bank and First Atlanta Bank. Specializing in Traditional and Alternative lending.
Start on your Funding. Apply above , or Call: 919-771-4177.
Use Zero Balance letters after a default and get funding or an MCA. Or just use them to prove you have paid off any debt a company thinks you still owe.
They are proof that you or your company paid what you owned.
Show proof of payment, even if you got behind, missed payments, defaulted, or made a settlement.
A Zero balance letter is important to the Lenders because it acts as a sign of proof that they will be paid , even with derogatory company credit.
Submit the Payoff letter at the same time you apply. Provide all letters if there are multiple MCA Defaults, or accounts with a slow pay history.
To Apply, click or Tap on the Apply button, or on the Endscreen of this video, or Call us at 919-771-4177.
TRANSCRIPT
How To use Zero Balance Letters to get Business Funding(Video Transcript: Click to Expand)
Use Zero Balance letters after a default to get business funding or an MCA.Welcome to bankstatementloan.com.
You defaulted on a business loan and cannot get a loan or MCA. Do you have Zero balance letters? Call us at 919-771-4177 if you do and we will help you get the business funding you need.
To apply, click or tap on the apply button, or on the end screen of this video, or call us at 919-771-4177 .
Zero Balance letters are Proof that you or your business paid even if you got behind, missed payments, defaulted or made a settlement. This is important to the lenders because it acts as a sign of proof that your business will pay them, even with derogatory business credit.
Submit the Zero balance letters at the same time you apply. Provide all letters if there are multiple mca defaults or accounts with a slow pay history.
To apply, click or Tap on the apply button, or on the endscreen of this video or call us at 919-771-4177.
END VIDEO TRANSCRIPT
We are a leading funding source for all Companies are looking for the best alternatives to Banks.
Author Biography:Will Sanio, Owner of SCF Funding, dba bankstatementloan.com/, has a Bachelor of Science Degree in in Finance from the University of Tennessee, Knoxville.
Over 20 Years experience including 10 Years with Wells Fargo, formerly Wachovia Bank and First Atlanta Bank. Specializing in Traditional and Alternative lending.
Will Sanio: University of Tennessee Diploma – Bachelor of Science in Business Administration with concentration in Finance – Click or Tap to Enlarge Image.
Customers are looking for alternatives to MCA. So what are the alternatives?
They can apply for a more standard Business Term Loan, a Sale Leaseback, Account Receivables financing, or funding against Real Estate, or to finance the acquisition of Equipment.
Many customers also have bad credit and low bureau scores and cannot get lines of credit.
Get Offers, Approvals, the Money your Business needs now.
Video Transcript: “I don’t like an MCA you say? What are alternatives? Look at Alternative options that include a Line of Credit Style or Term Loans, Asset Based. Line of Credit Style and Term loan options offer a Weekly, Bi-weekly or Monthly payment. Asset based alternatives are offered if your company has free and clear Equipment, Vehicles, or Accounts Receivables that do not have liens or money owed on them. Click or Tap on the apply button, or link in the description,
or call us at 919-771-4177 or visit bankstatementloan.com.” Home Page Index
Many people are sure they will be declined for credit and do not apply.
This humorous video illustrates how a Sale-Leaseback may help businesses unlock working capital while continuing operations.
While a Sale-Leaseback cannot literally save a crashing airplane, it can help businesses convert existing equipment into usable cash while continuing operations.
Watch the Video
The video combines humor, exaggeration, and business financing concepts to create a memorable explanation of how equipment-based funding works.
Need Sale-Leaseback Financing?
If your business owns valuable equipment, a Sale-Leaseback may help you unlock working capital while continuing to use your equipment for operations.
Video Transcript: “No credit check MCA? Should
Businesses know? Yes. Don’t worry about Credit. Click or Tap on the apply button, or link in the description,
or call us at 919-771-4177 or visit bankstatementloan.com” Home Page Index
Many people are sure they will be declined for credit and do not apply for what they need.
No one likes to get turned down.
However if your credit is not being looked at, no worries.
Video Transcript: “Don’t Use a Personal Checking Account to run your Business. Put the money into a business checking account to help get Business loan. Do it and your business gets credit for the Sales you need to have a chance for an approval. Contact or apply with us to guide you through this critical Process. Click or Tap on the apply button, or link in the description,
or call us at 919-771-4177 or visit bankstatementloan.com
NoPersonalCheckingAccountForBusiness(Video Transcript: Click to Expand)
Don’t Use a Personal Checking Account to run your Business.
Put the money into a business checking account to help get
a Business loan to have a chance for an approval.
Contact or apply with us to guide you through this critical
Process. Click or Tap on the apply button, or link in the description,
or call us at 919-771-4177 or visit bankstatementloan.com.
Video Transcript: “Don’t Use a Personal Checking Account to run your Business.
Put the money into a business checking account to help get
a Business loan to have a chance for an approval.
Contact or apply with us to guide you through this critical
Process. Click or Tap on the apply button, or link in the description,
or call us at 919-771-4177 or visit bankstatementloan.com.
Video Transcript: “Scan the QR code to request an MCA Cash Advance Now. Low credit score and
Early Payoff Deals. Request your MCA today. Make a safe bet with your business.
Click or Tap on the apply button, or link in the description,
or call us at 919-771-4177 or visit bankstatementloan.com
Many Business Owners suffer for years after being Listed in Default databases. What does being in DataMarch mean and
what are your options now? Watch the video above.
DisrespectedinDatamerch(Video Transcript: Click to Expand)
“Disrespected In DataMerch”,
“transcript”: “Did they disrespect you because your business is in DataMerch?Stop being disrespected. Get an MCA or other funding now. Businesses that have strong sales or Payoff Letters or Zero Balance letters may qualify and will be strongly considered.Businesses with unpaid defaults may also be approved. Hurry and join businesses with defaults and get a new mca.Offers with similar and reasonable terms like you had before are often made.Apply now. Call 919-771-4177. Click or Tap on the apply button, or link in the description, or visit bankstatementloan.com
Finance Freightliner CascadiaVideo Description: Freightliner Cascadia: Get Funding to Acquire your Rig Now!
00:00 Step 1: Introduction. 00:04 Step 2: Success Story 2020 Freightliner Cascadia 126SLP
00:19 Step 3: Number of Months. 00:22 Step 4: Options to Apply.
Freightliner Cascadia Purchase Loans
Success Story:
What: $43K for a 2020 Freightliner Cascadia Loan for a driver with bad credit.
Who: An Owner operator with a low credit score, 594 Fico, maxed out, late payments on credit cards and mortgage with charged off Accounts was approved to get a new Truck!
The Truck he had was not reliable anymore.
So why was this Loan a Deal?:
The Owner operator put down $11,000 on the Cascadia.
What: An $84K 2023 New Holland C337 Track Loader for a Subcontractor.
Who: The Sub-contractor had over 20 Years Experience needed a newer Track Model for his Business. He initially tried to get a lease but was not able to because of his credit history and score.
0:08 Hurricane affect on Business; 0:15 Hurricane Business Loan Fast; 0:33 Hurricane Loan Terms; Video Description: How to get a Business Loan after a Hurricane
How much of an advance you can afford? You will also know if you can afford a 2nd MCA, or even a 3rd MCA.
How to get an MCA Merchant Cash Advance
Supply: The last 4 months bank statements
Tool: Desktop, laptop, tablet or phone
Step 1: How much are the Payments?
VIDEO CLIP below: See if your Company can afford a daily, weekly or monthly: 17 Seconds – 46 Seconds in Clip below.Today’s Video: How to get an MCA Cash Advance. What could be your first Merchant Cash Advance.
Start the process anytime by tapping apply on the bottom right of this screen, or tapping on the end screen, or the apply button on the webpage.
See if your business can afford a daily, weekly or monthly payment.
First, calculate an estimate of what your new daily Cash Advance will be.
Let’s take an example:
Multiply a $10,000 offer amount times a 1.4 Rate Factor. There are 21 Days most Months.
If your Offer Amount is for 7 Months, that’s 21 times 7 = 147
Days.
Take the $14,000 Total Repay and Divide it by 147. That Equals $95.23 Per Day
for Every $10,000.
MCA Total Cost Example
Step 2: Review your Company’s Cash Flow
VIDEO CLIP below: Review Company Cash Flow: CLIP: 47 Seconds – 96 Seconds in Clip below.
Look at the Total Deposits of each of your last 3 Months Checking Account Statements.
Some States require 4 Months checking account statements. Currently California, New York, Florida, Virginia and Utah.
The minimum total deposits into your Commercial Checking Account should be $5,000 a Month or more. The higher the Deposits, the more options are available. Especially beginning at $10,000 a month.
TIP: Average Daily Balance: That is the average balance per day for the Month. You want your Average Daily Balance to be at least $750, but better $1000 or higher.
TIP: Overdrafts or NSF’s. You should not have more than 5 to 7 Overdrafts or NSF’s in any 1 Month, or it is more likely you will be declined.
If you have more, it is better to wait until you get your next statement and those are gone.
What is the Average Daily Balance in your account?
Step 3: Apply
VIDEO CLIP below: APPLY: CLIP: 97 Seconds – 105 Seconds in Clip below.
Find a Lender that fits your company type and talk to a Representative before applying. That will help you avoid unnecessary declines.
Next, Apply. If approved, request the closing docs. Get a Copy of your Driver’s License, Voided Business Check and Proof of Ownership.
Ready? Apply
Step 4: Close
VIDEO CLIP below: CLOSING: CLIP: 106 Seconds – 120 Seconds in Clip below.
Next, close. Review the Contracts, and if you’re satisfied, complete the contracts and expect funding into your Account in 2 to 4 hours.
If you ever have repayment problems, call the Lender to discuss.
Complete the application below or Call us at 919-771-4177.
Today’s Video: How to get an MCA Cash Advance.
What could be your first Merchant Cash Advance.
Start the process anytime by Tapping apply on the Bottom right of this Screen,
or tapping on the end screen of this Video, or on the Apply Button on the Webpage.
See if your Business can afford a daily, weekly, or monthly payment.
First, calculate an estimate of what your new daily Cash Advance Payment will be.
Let’s take an example:
Multiply a $10,000 offer amount times a 1.4 Rate Factor. There are 21 Payment Days most Months.
If your Offer Amount is for 7 Months, that’s 21 times 7 = 147 Payment Days.
Take the $14,000 Total Repay and Divide it by 147. That Equals $95.23 Per Payment Day for Every $10,000.
Look at the Total Deposits of each of your last 3 Months Business Checking Account Statements.
Some States require 4 Months Business checking account statements.
[ ocean surf ] Currently California, New York, Florida, Virginia and Utah.
The minimum total deposits into your Business Checking Account should be $5,000 a Month or more. The higher the Deposits, the more options are available. Especially beginning at $10,000 a month.
Average Daily Balance: That is the average balance per day for the Month. [ teller counting cash ]
You want your Average Daily Balance to be at least $750, but better $1000 or higher.
Overdrafts or NSF’s. You should not have more than 5 to 7 Overdrafts or NSF’s in any 1 Month, or it is more likely you will be declined.
If you have more, it is better to wait until you get your next statement and those are gone.
Find a Lender that fits your Business type and talk to a Representative before applying. That will help your business avoid unnecessary declines.
Next, apply. If approved, request the closing docs. Get a Copy of your Driver’s License, Voided Business Check and Proof of Ownership.
Next, Close. Review the Contracts, and if you’re satisfied, complete the contracts and expect funding into your Account in 2 to 4 hours. [ clock ticking ]
If you ever have repayment problems, call the Lender to discuss.
That will help your business keep [ desert wind blowing ]
it’s ability to borrow again in the future. [ city street sounds ]
For additional help including forecasts and creating financial statements, visit SCORE.org
00:02 Decide on your Business Name 00:08 Register your Business 00:53 Get an EIN or TIN for your Business 01:05 Gather all Documents from Business Registration 01:12 Open the Checking Account; Video Description: How to open a business checking account. Info on Tax ID number, Articles of Incorporation and licenses. Tips on Company Structures.
Watch Video above. Click or tap arrow to play. Call us at 919-771-4177 with any questions.
How to open a business checking account
How to Supply: EIN Letter, but not for a Sole Proprietorship using their SSN. Similarly, articles of Incorporation if Incorporating, or a License. Also Money to open checking Account, ID (Identification).
How to Tool: Desktop, laptop, tablet or also phone.
Estimated Cost: Approximately $100 minimum to start a checking account but the amount will depend on the Institution.
Step 1: Pick a Business Name
Choose a Business Name
Decide on what you will name your Business.
Choose a name that is relevant to your business type and easy to remember. Shorter business names that the public will easily identify can help build brand awareness.
Also decide if you will be 100% Owner or if there will be additional owners.
TIP: Avoid changing your business name in the future.
Step 2: Register Your Business
Go to the Secretary of State to Register your Business.
Go to the Secretary of State for your State. You can use this online tool, Searchsystems.net to Search. Find your State. Choose the company search option and do a name search to see if your chosen business name or similar name is available.
If it is available, decide on a Sole Proprietorship, Partnership, LLC or regular Corporation setup. An LLC is popular with small businesses for the legal protection it provides the owners.
Ask your County or City of they require any separate licenses.
Next, get an EIN number for your business through the IRS. This is needed for all businesses except Sole Proprietors that use their Social Security Number for taxes and tax returns.
Step 3: Gather all Documentation from Business Registration.
Gather all documents needed to register the business checking account.
Have ready your business name, Articles of Incorporation or Business License, and EIN Letter.
Step 4: Contact Institution and Open the Account.
Open your business bank account.
Go to the Bank to open the Business Account with all of your information: EIN Letter, Articles of Incorporation or Business License, and business name. If the bank is online, begin the process online.
TIP: All owners need to be present and show Identification. Acceptable identification is a valid Driver’s License or State ID Card or a Valid Passport.
Complete setup and enjoy the Account!
Conclusion: How to open a business checking account.
If you follow the steps above, then you can open a checking account for your company with no hassles.
If you have been using a personal checking account to run your business, then begin depositing funds into your new company checking account immediately.
Finally, you can use the cash flow in your new checking account to obtain services in the name of the business, such as bank statement loans, credit, credit card processing and other services.
Show Video Transcript Details
How to Open a Business Checking Account
How to open a business checking account.
Decide on what you will name your business. Shorter relevant names are easier to remember. Avoid changing your business name in the future.
Step 2: Register your Business. Go to the Secretary of State for your State.
You can use this online tool, https://publicrecords.searchsystems.net/ to Search. Find your State. Choose the Company Search Option and do a Name Search to see if your chosen Business Name, or similar name, is available. If it is available, decide on a Sole Proprietorship, Partnership, LLC or regular Corporation setup.
An LLC is popular with Small Businesses for the legal protection it provides it’s Owners. Purchase your Business Name. Ask your County, or City, if they require any separate Licenses.
Next, get an EIN Number for your Business through the IRS. This is needed for all Businesses except Sole Proprietorships that use their Social Security Number for Taxes and Tax Returns. Gather all Documentation from Business Registration. Have your Business Name, Articles of Incorporation, or Business License and EIN Letter ready.
Contact the Institution and Open the Account. Go to the Bank or Online to Open the Business Account with all of your Information: EIN Letter, Articles of Incorporation or Business License, and Business Name.
All Owners need to be available and show Identification. Acceptable Identification is a valid Driver’s License, or a valid Passport. Complete setup and enjoy the account.
To get a business loan, business line of credit or simple credit card processing for your business complete the contact form below.
This Article covers how to open a business checking account. Documents needed such as Tax ID number and getting a Secretary of State Listing is included.
To obtain needed services such as bank statement loans, asset based financing, or learn other self help for business issues including videos here. Watch just the Video Page here.
We are a leading funding source for all Small Businesses looking for the best alternatives to Banks.
Author Biography:Will Sanio, Owner of SCF Funding, dba bankstatementloan.com/, has a Bachelor of Science Degree in Business Administration with a concentration in Finance from the University of Tennessee, Knoxville.
Over 20 Years experience including 10 Years with Wells Fargo, formerly Wachovia Bank and First Atlanta Bank. Specializing in Traditional and Alternative lending.
Will Sanio: University of Tennessee Diploma – Bachelor of Science in Business Administration with concentration in Finance – Click or Tap to Enlarge Image.
We keep your loan from being declined before funding in final underwriting. No more last minute turndowns for low or negative balances, low month to date deposits, overdrafts, background problems and defaults. We stop it all for customers and brokers.
Watch: Denied just before being closed, above! Apply below now or call 919-771-4177.
Call 919-771-4177 for more info.
How did your Loan die right before closing?
low month to date deposits. Your account did not have have enough revenue since the beginning of last month.
Most applicants provide the most recent (3) months statements and not the current month.
Killed because your current balance was too low. Your balance must be 2 to 3 times the payment amount.
Negative account balance (Overdrawn). An overdrawn account is a reason for a last minute decline for most business loans.
Killed at the last minute for personal Background history. Your personal history has either a Felony, Misdemeanor, drug charges, or other convictions.
Died after the Decisionlogic bank verification. There was some problem with the account.
Previous defaults. Your business has an old default and it was discovered during the final check before completion.
New recent funding since the beginning of last month. Your company just borrowed before now trying to close out the current request.
Get funding instead of a shock at the last minute.
Apply above so you can get fixes and expert guidance to help you get results immediately!
Conclusion
In summary, your deal died in final underwriting because no one was looking out for you.
There is much more than credit, start time and recent monthly deposits to getting an approval, and funding.
Show Video Transcript Details
killed just before Funding
00:00 Introduction 00:05 Killed in Final Underwriting 00:12 Problems Fixed 00:21 Credit 00:22 How to Apply[ swords clanking ] Did your business ever fight to get A Business Loan or MCA, And then, right before closing, get Killed in final underwriting? Apply with us instead. [ race car engines ] We’ll get your Loan past the finish line, and Funded.[ cash rustling ] From low current month deposits, low bank balances,[ police siren ] Background problems and more,[ desert wind ]We’ll get you back up [ water splashes ] And on to Smooth Sailing and Funding. [ water bubbles ]Low Credit Scores OK. Find out how much Money you can get TODAY.
List of the Top 9 Reasons why your MCA was declined
Top 9 Reasons Your MCA was Declined:
1. Affordability
This MCA decline reason means your company cannot handle the new payment without significant problems. This is often a decline
reason when your total monthly deposits are under $10,000 per month.
If you know you can manage the payment, then prove it! Provide your current bank statement, other accounts you may have, or tax return that shows you have the cash flow.
Make sure the investor isn’t using the lowest month to make their decision. Ask them to use the average of your deposit totals for your most recent 3 months.
This almost always happens when the business has cash flow problems during the current month.
The verification failed for either low deposit volume, overdrafts and NSF’s, or not enough individual deposits. It is usually some combination of these issues.
Ask specifically what they saw in the current Month that they don’t like.
Decide if this can improve enough to qualify in the next few days. If not, apply above to get another funding option.
4. Credit Score Too Low:
Some programs require a minimum credit score of 550, 600, or even 650.
Find out what score is required. If it is too high, apply for a program that will accept your credit score before you apply.
Ask the lender what minimum sales amounts are they looking for?
Also ask how much do you need to put into your account in the next week or two to qualify. By doing so, you may be able to qualify before the current month is over and not have to wait until the next month.
6. Recent Overdrafts or NSF’s:
Overdrafts or NSF’s in your checking account in the last 3 months were excessive, and why your MCA was declined.
Add up exactly how many Overdrafts and NSF’s you had. Ask the lender what the maximum is and how long before you will qualify.
7. Not Enough Deposits Per Month:
There were not enough individual deposits. Some funders require 5 or more each month.
Make more frequent smaller credits if possible.
Find a source that will accept the number per month you are now making until you can start making more. Ask in advance what their mimimum is.
8. Time in Business Too Short:
The time in business is not long enough through the Secretary of State or on your License.
Ask the funder how long they require. If you are within 30 days of the minimum, then ask for an exception.
If they refuse, then find a program that will accept how long you have been operating.
9. Background Check Failed:
A background check revealed something they didn’t like. When you get this MCA decline reason, learn more about a Business Loan with a background problem here.
Ask the MCA company specifically what the problem was, and if that matches what you know to be true.
Shop other MCA companies that have programs that accept your background issue before applying.
Unsecured financing has less risk. You do not need to offer collateral with a loan against your assets.
Up to 18 Month Term options for 600 and 1 Year in business and higher.
Get money against your cash flow again after payoff. Use it to get money more than once.
Programs for as low as $2,000.
Lower offers makes this a better option than regular title loans. No need to risk your vehicle or equipment for a small amount of money.
Need more general info on developing your business? Visit the SBA for resources
such as local assistance, business guides and business plans.
Conclusion: Why your MCA was Declined.
Your MCA was declined for one of these reasons listed above.
Take the actions listed and you can still get an approval offer and funding quickly!
We are a leading funding source for all Small Businesses looking for the best alternatives to Banks.
Author Biography:Will Sanio, Owner of SCF Funding, dba bankstatementloan.com/, has a Bachelor of Science Degree in Business Administration with a concentration in Finance from the University of Tennessee, Knoxville.
Over 20 Years experience including 10 Years with Wells Fargo, formerly Wachovia Bank and First Atlanta Bank. Specializing in Traditional and Alternative lending.
Will Sanio: University of Tennessee Diploma – Bachelor of Science in Business Administration with concentration in Finance – Click or Tap to Enlarge Image.
Where does this trailer think it’s going? It’s going to get it’s owner, Kyle, money
for his business.
Kyle needed a business loan fast and had no assets. But he had a trailer, so
we got him a loan on his gooseneck. Get funds against any trailer, flatbed, gooseneck, semi-trailer, enclosed, lowboy, dump, hydraulic, car carrier and many more. find out how much money you can get today.
Click or Tap on the apply button, or link in the description,
or call us at 919-771-4177 or visit bankstatementloan.com.
Need Advice for your business such as help with financials or tax returns or even a business plan? Visit the SBA for expert help.
So which Trailers Qualify to get a loan on a trailer?
Aluminum
ATV
Cargo
Custom
Dump
Enclosed and Open Car
Equipment
Gooseneck
Flat bed
Heavy Duty
Landscape Utility Trailers
LivestockTilt
Low Boy
Low Profile
Motorcycle
Refrigerated
Semi-Trailer
Tandem axel deckover and Dual Deck
Used Trailers
Utility
Racing
Vending
AND MORE!
Which Manufacturers? American Hauler, ATC, Big Tex, B Wise, Bri-Mar, CAM Superline, Car Mate, Cargo Pro, Carry On, Covered Wagon, Diamond Cargo, Homesteader, Master Tow, Premiere, Sno Pro, Sport Haven, US Cargo and more.
Bad credit and low scores down to 500 may still qualify.
So do I qualify? Do you own your Trailer outright and have a free and clear title ? Then you pre-qualify.
You don’t own it outright? Ask for our straight cash only program. Even when you still owe on your trailer! However, do you also have other equipment?
We are a leading funding source for all Small Businesses looking for the best alternatives to Banks.
Author Biography:Will Sanio, Owner of SCF Funding, dba bankstatementloan.com/, has a Bachelor of Science Degree in Business Administration with a concentration in Finance from the University of Tennessee, Knoxville.
Over 20 Years experience including 10 Years with Wells Fargo, formerly Wachovia Bank and First Atlanta Bank. Specializing in Traditional and Alternative lending.
Will Sanio: University of Tennessee Diploma – Bachelor of Science in Business Administration with concentration in Finance – Click or Tap to Enlarge Image.
