TruBest Funding Services

 We work directly with equipment dealers or end users. Our specialty is less than perfect credit or people who have been turned down by traditional sources. We can approve transactions in 24-48 hours or less. Normally, we do not require financial statements or tax returns on any transaction up to $250,000. 

We also have a preferred rate program for better credits. 

This is a conventional fixed rate loan in amounts of between $20,000 and $500,000. We also have a FAST TRACK loan program where we can provide a loan of between $20,000 to $100,000 and all we need is an application and the last four months bank statements and we can have an answer in 24-48 hours and fund  shortly after    the approval funding can be available in as little as 3 days.                                                                               This is a great program for clients in a wide variety of industries

Services  We Provide:              

• Analysis of the purchase price. We determine if the purchase price can be supported based upon the cash flow of the acquired entity.
• We do an in depth analysis to determine whether the purchase price is within the standards of the industry.
• Financing to purchase the company. We do this by leveraging the existing assets of the company to the maximum amount based upon cash flows available, keeping your cash requirements to a minimum.
• We can also provide the equity necessary should there be a cash shortfall between the financing and the cash you are putting into the transaction.

We have been designated as a Preferred Financial Services company by SBA lenders to have loans processed more quickly and efficiently than many others.

There are a number of advantages to an SBA loan, including longer terms, no points and no balloon payments.

SBA 7(a) loans are from $750,000 to $2 million, with SBA loan guarantee of no more than $1.5 million (75 percent). The terms of SBA 7(a) loans are 25 years for real estate and equipment and 7 years for working capital. Interest rates are based on the prime rate, the size of the loan, and the maturity of the loan. 

 An unsecured loan, sometimes referred to as a signature loan or a merchant loan, is a special type of financing available to business that is different from traditional lending. Instead of requiring collateral to obtain financing, unsecured lending uses several other factors to judge the eligibility of a loan applicant. These could include things such as your credit score and sales records from the business. This type of financing may be advisable for small business owners who do not want to risk their personal collateral in order to obtain the financing they need. Since the loan requirements differ from traditional bank loans, the interest rates and speed of approval can be much different. 

Business Line of Credit, which gives you immediate access to working capital for your short-term needs. Use your Business Line of Credit for short-term financing, emergencies, or seasonal needs, and only pay interest on the amount in use. 

YOU KEEP CONTROL OF YOUR PORTFOLIO

 If you have a portfolio of securities, we can set up a line of credit of 70-90% of the value of the portfolio. This line of credit is utilized as a true line of credit and you may borrow as much or as little as you want. You can utilize the money for any purpose with no restrictions. 

 Repayment is interest only, with no principal payments. The rates are very low and approval is guaranteed, regardless of personal credit. We can usually approve your loan within 3-5 business days with no credit checks. There is no sale of your stock. You receive all dividends. You can sell the stocks in your portfolio as long as you buy other stocks of equal value.

Working Capital for Most Medical Fields  

• Loans ranging from $15,000 to $250,000
• Very Competitive Rates
• Up to 84 months to Repay
• Credit Approval in 48 Hours from Application Submission
• Funding Within 5 Days of Receipt of Signed Documents
• Programs for Medical Professionals with Damaged Credit

The purpose of the loans can be used for anything......... 

• Personal Needs
• Debt Consolidation
• Practice Expansion

 
TruBest Financial Services is a private commercial lender and structured finance company that offers financing to borrowers directly and through a network of finance professionals. We feature a variety of commercial loans program to accommodate borrowers' needs, with loans limits ranging from $250,000 to $10 million plus. 

 Unlike many other companies, we are purely focused on the commercial finance niche and recognize the difficulty brokers and borrowers experience locating financing for their commercial transactions in the current market. Our company implements a tiered approach to financing by utilizing our own access to capital, as well as that of others, to provide our clients with the best options possible. Our premium customer service and attention to detail makes the commercial loan process simple for borrowers as well as commercial finance professionals. 

• Up to 90.0% LTV
• Loans From $250K to $10M+
• Investor & Owner Occupied Loans
• No Exorbitant Upfront Deposits
• Same Day Approvals
• Rates from 4.20% to 6.75%
• Purchase, Refinance & Cash-Out
• Most Commercial Properties Considered
• Nationwide Programs

 If you sell your products or services to businesses that pay in 30, 60, 90 days or more, TruBest Financial Services has a liquidity solution for you. We can finance companies that are start-ups, losing money, or in bankruptcy because accounts receivable financing is based on your customer's credit, not yours. This is not a ”debt.” You are selling an asset.    But it is more than just an asset sale; it is like outsourcing your accounts receivable department. Factors provide valuable services. They check your customers' credit for you and notify you of bad risks and they provide detailed monthly statements. 

Financing Highlights: 

• Cash in 24 Hours
• No Personal Guarantees
• We Finance Any Type of Business
• No Recourse Even if the Account Does Not Pay
• Credit Insurance on Your Clients At No Cost To You
• No Arbitrary Loan Board Decisions, No Fixed Payments
• As Sales and Receivables Increase, Funding Increases
• Focus On Your Business, Not Collections

Use the Money to....

• Fund Payroll or Other Operating Expenses
• Purchase Inventory to Take Advantage of Bulk/Early Payment Discounts
• Fund Expansion and Growth
• Respond to Seasonal Demands and Opportunties
• Take on That Large New Account with Confidence

Growing companies enter into loan agreements to pay for equipment needed to expand their businesses. Loans have different maturities and in most cases, the companies have built-in equity in the equipment. We will pay off all your lenders and refinance all your equipment into one loan.

This can result in reduced payments of 30% or more, so your cash flow and bottom line are greatly improved.

 Many times a company is approved for a loan through its bank, or financial institution, but the loan doesn't close for 4-6 months. During that time we can provide a short-term bridge loan, which will be paid back when the senior loan closes, so your short-term financial needs can be met. 

We can also provide other types of short-term collateralized loans and can usually close in 10 days or less.

We recognize that real estate investors might have a hard time obtaining financing for fix and flip or buy and hold deals, and so our goal is to help investors obtain capital to fund these deals.

Loans from $50k to $2.5M+ can be used for:

• Straight Acquisition
• Acquisition and Rehab
• Refinance
• Cash-Out

(*terms  and conditions are based  upon applicants deal flow)