ENTREPRENEUR CAPITAL
UNSECURED LOAN PROGRAM
benefits
- No liens on any assets
- Low-Interest Rates
- Funding up to $450,000 or more
- Up to 7 years to pay back Loans
- Funded in from 4 days to a couple of weeks
- Very Little Paperwork
- No Restrictions on Use of Funds
- Pre-Revenue Businesses OK (start-up is no problem)
- Can Use Co-Signer to Qualify
- No Up-Front Fees
- Does not interfere with existing business loans
- ONLY BUSINESS LOAN PROGRAM THAT DOES NOT ASK FOR ANY BUSINESS RECORDS!
BORROWER'S REQUIREMENTS
In order to obtain the highest amounts available, the client must fit within the following guidelines. Nothing is carved in stone. A client that may have a lower than acceptable credit score may still qualify with extensive credit depth or a larger verifiable income. Our main guidelines are:
MAXIMUM $150,000
4 Years or More to Pay Back
No Interest First 9 to 12 Months
- Credit score of at least 750
- Credit utilization of 50% or less, preferably 30% or less
- Credit depth = at least two current cards with limits above $5,000
- Credit age some credit lines should be at least 4 or more years
- Less than 6 inquiries in last six months
C0-SIGNER OPTION - if the borrower does not have the correct credit, they can get anyone to co-sign for the loan who has good credit. Credit Card will be issued in the name of the business & business EIN number, and therefore the loan will not appear on the co-signer’s credit report.
TERM LOAN REQUIREMENTS
MAXIMUM $300,000
3 to 7 Years to Pay Back
Interest Starts at 7%
- A credit score of at least 680
- Credit utilization of 50% or less, preferably 30% or less
- Credit depth = at least two current cards with limits above $5,000
- Credit age of two or more personal credit cards of at least 4 years or more.
- Less than 6 inquiries in the last six months
- Provable regular monthly income of at least $5,000 for the last 12 months or more.
We at Mina Mar strongly suggest applying for both loans. You never know which loans you will eventually qualify for and if you qualify for both, you can take both or decide which one best fits your funding needs.
Remember applying does not affect your credit and there is no charge to process your application to see how much capital you can obtain.
You can have as many people in your company or outside of your company you want to take out these loans and they can all put the money into your company.
Just one person who qualifies for both loans could raise up to $450,000 themselves – so if you get enough people, you can raise much more.