Most business owners are not able to apply to a bank for a small business loan. The reason is that banks require large amounts of paperwork, financials, tax returns, personal guarantees, collateral and high credit. Many entrepreneurs and small to medium-sized business owners do not know where to go when traditional banks cannot fund their loan requests to working capital, expand their businesses or better manage their cash flow.
We launched in 2005 to solve a major issue facing small businesses: getting money. We found ourselves the owners of a fledgling company doing $18M in annual revenue; we were unable to access the financing we needed to continue to grow.
We combined our passion for being a small business owner who lived in the trenches with the latest technology to evaluate companies based on their actual performance, not personal credit. We understand the challenges of building a business through equity, debt and off-balance sheet financing, maintaining cash flow, making payroll, business expansion and inventory/equipment management.
Sunwise Capital offers a unique suite of business loans to over 700 industries. We have the expertise to meet your business needs. We can deliver approvals to you from $10,000 to $2M in one business day. Same Day Approval up to $50,000 Next Day Funding for Amounts up to $150,000!Sunwise Capital is here to give you the best small business loans. Our minimum qualification are less than those of banks. We’re focused on getting you approved so your business can thrive with a small business loan.
Taking out a cash loan can be a gamble. You need a certain amount of cash now, but due to the unpredictable nature of business, you’re wary about being locked into potentially high, inflexible monthly payments.
Sunwise Capital offers a great alternative: business cash advances. With this lending model, you receive the cash loans that you need quickly and then repay the money through variable daily payments that are based on the ebb and flow of your business. Everything about the loan is customized to suit your company’s unique needs. Best of all, our business cash advances are processed quickly, so you can get the cash that you need in a flash.
WORKING CAPITAL LOANS
Working capital loans are any types of loans that are used to operate your business on a day-to-day basis. The four most popular types of working capital loans are: EQUIPMENT FINANCING, COMMERCIAL LOANS, SBA LOANS, MERCHANT CASH ADVANCES.
Working capital is simply the money or funds a business has available to pay its day to day invoices. This is nothing more than the cash on hand to “pay the bills.” Typically, you do not need a business loan calculator nor do you need to be an expert at reading financial statements to know if you have enough money at the end of the month. These funds are what’s available either in the business checking account or in the businesses savings account.
MERCHANT CASH ADVANCE (MCA) LOANS
What is Merchant Cash Advance Loan? You may be wondering, “What is a merchant cash advance?” Cash advances are nothing new. They have been available to business owners for years. The businesses’ cash advances are repaid through their future credit card sales and receivables. Merchant cash advances or the mca, work because they are based on your company’s ability to repay a percentage of your daily receivables. This is not a business loan.
This small daily percentage that is repaid is known as your “holdback.” These holdback “percentages” can range from low single digits to as much as 30%. The full amount of the cash advance is repaid over an extended period, and the repayments are based on your daily credit card receipts. As a result, we can only guesstimate the length of the advance. When your daily revenue is low, your repayment for that day will be small. When your revenue is high, your repayment will be larger.
Fast loans are the secret ingredient to business success. Everyone knows that getting a same day short term loan or line of credit from the bank or credit unions today is virtually impossible, especially if you need quick cash for your business and you don’t want a personal loan. The most typical fast loans are cash advance loans also known as cash advances or merchant cash advances. These are technically not business loans. The merchant cash advance also provides an excellent option for those with bad consumer credit.
A merchant cash advance is nothing more than an agreement to sell your future receivables at a discount for cash today. Many times, you’ll hear these called loans for bad credit. Running a small business is very rewarding. It’s also very stressful. That’s especially true when you urgently need cash fast and don’t have time to wait for a traditional bank business loan, which can take as long as 90 days. We offer a longterm financial solution with a quick and easy application process.
BAD CREDIT LOANS
Do Not Take Bad Credit Personal Loans Out for Your Business. We have a better solution. Bad credit small business loans from Sunwise Capital means being offered business loans for bad credit with highly competitive rates and terms.
If you have low credit or average credit we can help. Our unique and proprietary underwriting enables us to look at the health of your business. That means we focus more on your cash flow and not just your FICO score. Sunwise Capital’s unsecured business loan offers a tremendous opportunity to secure financing when you have bad credit.
SHORT TERM LOANS/LONG TERM LOANS
The reward for having good credit is your ability to negotiate a better rate with your lender. The payments are made monthly. Here is a big difference between the secured term loan and the ones with no personal guarantee. Those loans will typically require repayment either with daily or weekly payments. Lastly, this type of loan doesn’t require you to sell shares of your company. There is no shareholders’ dilution, and you remain in control instead of giving up equity.
HIGH RISK BUSINESS LOANS
A high-risk small business loan is a loan to a company with poor or no credit. There are a variety of factors that determine the issuance of a loan. Individuals or companies with damaged or no credit can apply for these loans. Since the applicants have challenges with their credit scores or credit files, they generally cannot get approved with a traditional bank.
Perhaps your sales have declined due to unforeseen circumstances, or the business is seasonal in nature. Maybe a late paying customer has crippled your cash flow, and you need to meet this week’s payroll. Other major determinants of whether the loan is considered “high risk” is the time in business and industry type. Companies that are relatively new, unusual or categorized as a “high risk-high return” business, will fall into this category of loan.
The loan rates and terms you’re ultimately offered depend on your business’s age and annual revenue among other factors. Eligible applicants include those who:
1. Have been in business at least 6 months.
2. Can prove at least $12,000 in monthly or $150,000 in annual revenue.
3. Have a personal credit score of at least 450.
To apply for a Sunwise Capital small business loan, you’ll complete a one-page online application indicating:
The loan amount you’re requesting.
Your average business monthly deposits.
Your legal business name.
Your company’s type or industry and years in business.
Your full name and contact information.
Your business’s annual gross revenue.
Your business’s monthly credit card sales.
Sunwise Capital will determine what loan amount and terms to offer you based on the combination of factors in your application.
Starting APR From 5.49%
Minimum loan amount $10,000
Maximum loan amount $5 million
Application fee $0
Available in all 50 states
Contact In Person:
3275 W. Hillsboro Blvd. Suite 111,
Deerfield Beach, FL 33442
Contact via Mailing Address:
20423 State Road 7 F6-350,
Boca Raton, FL 33498