Bank Statement Loan Video

Bank Statement Loan

Bank Statement Loan

Bank statement loan programs for every business.  To just watch the Video only, you can go to Bank Statement Loans Video page.  Don’t have 3 months?  Watch the Video and Apply for less than 3 months statements program.  ***Note, this may not be approved as a Loan but instead as an advance against future receivables.   Check after approval. 

Not enough revenue or need Startup funding? Consider an Asset based loan option, A similar transaction is a Sale Leaseback. To watch the video visit
Sale leaseback on equipment Video or go to full instruction
page, Sale leaseback on Equipment.

Dont have enough cash flow but you do have specific Equipment types?    Get a Loan Against Construction Equipment if you own the pieces outright.

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APPLY NOW

 How to get a Bank Statement Loan

Supply: Last 3 months company bank statements.

Tool: Desktop, laptop, tablet or phone

Step 1: Get the most recent bank statements

Start the process anytime by getting the last 3 months statements for your company.

VIDEO CLIP below: Get the last 3 months statements:  14 Seconds – 16 Seconds in Clip below.

TIP: Some States like California may require 4 months.

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VIDEO CLIP below: CALIFORNIA REQUIREMENTS CLIP:  17 Seconds – 19 Seconds in Clip below.

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Step 2: Match with a Lender

Match with a lender that best fits your company type and monthly deposits.

TIP: You can often avoid declines by first talking with a representative.

Step 3: Apply

TIP: Approvals are based mostly on your company’s total monthly deposits, average daily balances, Time in business and credit. Low credit score programs are available.
TIP: Transfers into the business account may not count, such as transfers from Savings accounts.

VIDEO CLIP below: Qualifications:  28 Seconds – 41 Seconds in Clip below.

Step 4: Close

If approved, get your closing documents: copy of your driver’s license, copy of a voided Business check.

TIP: Proof of ownership may be required.

Complete the closing docs and expect funds to be wired into your account within 2-4 hours.

VIDEO CLIP below: Funding Closing Requirements:  42 Seconds – 56 Seconds in Clip below.

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Complete the application below or Call us at 919-771-4177!

Did the Lender not give you enough on your first cash advance ? Get a 2nd or 3rd Cash advance.

Are you being asked for a month to date business bank statement? Read more here or apply using the secure application button below.

TIP: Don’t change or close your company checking account if your company needs to get a loan in the next few months.  Recently closing a business checking accountsand opening a new one is considered risky by lenders. Accounts are often closed due to a problem with the customers financial institution.

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Learn your options if you need to get out of an MCA, or go to the get out of MCA Video only page.     Or check out the full list of options and watch the Small Business Loans Video.

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Call 919-771-4177 for more info.

✅ Credit scores below 500 and some options below are considered.

✅ Get a loan based on Cash Flow with time in business
as short as only 3 months may be available. 1 Month Brand New Company Funding Available!

✅ Approved based on your cash flow. No collateral required.

✅ Provide the most recent 3 months checking account information.

Get a bank statement loan today based on your company sales.  US and companies in Canada only.

Many companies have excellent cash flow and payment history.   Still, they are often declined because of limited collateral or unsatisfactory personal credit.

We can provide funding the same day in many cases if the application is received at the beginning of the day.

Based on your Monthly revenue, we can get the capital it need as fast as same day or next day.

Fast closing with same day closing possible. Weekly and monthly payment programs available. See if you qualify.

Business bank statement loans include the following list of features:

1. The highest approval percentage of any business financing.
2. Every company has cash flow and can qualify for a loan against bank statements.
3. Only 3 months banks requested.
4. Just a short 1 page application is needed.
5. Fast turnaround, one or two day approval common.

Get your bank statement loan today.   Call us now at Tel: 919-771-4177
Online closing and same day closing possible. Weekly payment programs as well as monthly payments programs for highly qualified customers.
Large loans available. Programs up to $1,000,000.

– Other documentation may be requested on a case by case basis.
– All programs are for U.S. and Canadian (Canada) companies only.
Contact us today.  Start now.

APPLY NOW

Call 919-771-4177 for more info.

Other bank statement loan features:

Up to 100% of a customer’s total monthly deposits may be approved.  If you have average monthly deposits of $50,000, then an approval up to $62,500 may be possible depending on other factors.  If the average daily balance is strong, the approval amount can be higher.

Some bank programs can be used similar to a line of credit. As a result, the customer uses the line and also repays at their discretion.

Customers can use the full line or part of the line amount again immediately.  The line can also be left idle for months until it is needed again.   This line does not require an annual pay down and annual or quarterly financials are not needed.    The financing is also known as an ach business loan.

Provide the most recent 3 months information.  The higher the total deposits per month are, the more the approval amount may be.

Required to qualify or pre-qualify.

– Signed and dated application for at least 50% of ownership.
– Last 3 months complete business bank statements from main operating account.
– For amounts over $250,000:  The most recent 6 months business bank statements and first page of the most recent company tax return.
– Other requirements may apply.

General closing requirements for business bank statement financing:

– Valid and clear current driver’s license.
– Voided business check for approved account.
– Valid e-mail address for owners.
– Federal tax id number, or tin.
– Other documentation required on a case by case basis.

Other bank statement loan customer benefits:

– New loans may be offered 60 days after closing first loan for certain programs depending on eligibility.
– Renewals and renewal options often begin at 40% pay down of balance.
– New programs for qualified businesses available that allow new funding
draws almost immediately.   This can be used similar to a business line of credit.
– No standard site inspection for most clients.
– Tax liens up to $100,000 may be accepted with a repayment plan.
– Bankruptcies; 1 Year usually O.K.
– Only 50% ownership required in some cases.
– Soft credit pull for certain programs.
– No prepayment penalty for certain programs, if qualified.

The newest option is an open tax lien business loan under $10,000,  which may be approvable.   An irs payment arrangement is not required.   3 month to 12 month terms are available if qualified.   Business with an open tax lien and no payment arrangement can be financed.

Bank Statement Loans (Video Transcript: Click to Expand)

How to get a bank statement loan

Will Sanio, bankstatementloan.com. How to get a business loan using bank statements. Click or Tap on the Apply button, or link in the description, or call us at 919-771-4177 or visit bankstatementloan.com. Get the last 3 months statements for your Company. Some States like California may require 4 months. Match with a Lender that best fits your business type and monthly deposits. You can often avoid declines by first talking with a Representative. Apply. Approvals are based mostly on your Company’s total monthly deposits, Average Daily Balances, Time in Business and Credit.
Low credit score programs are available. Transfers into the business account may not count such as transfers from Savings accounts. If approved, get your closing documents. Copy of your Driver’s License, copy of a Voided Business check, Proof of Ownership may be required. Complete the closing docs and expect funds to be wired into your Account within 2 to 4 hours. Click or Tap on the Apply button, or link in the description, or call us at 919-771-4177.

FAQ Frequently asked questions on bank statement loans:

What is a bank statement loan and how does it work?
A bank statement loan is a loan or advance based on recent cash flow. The most recent three months checking account statements are submitted with an application. Approvals are based heavily on total monthly deposits and average daily balances. Real estate is not required.

How long does it take?
Same day appproval available if  Funds can be transferred into the checking account within 2 hours of receiving completed closing documents. Final documents received by 3 pm eastern may be funded the same day.

What is the maximum amount we can get?
The amount depends heavily on the total dollar amount of deposits per month and average daily balances. The type of business is considered. Credit scores can be as low as 400 for some programs.

Do you have weekly and monthly payment options?
Weekly, bi-weekly and monthly payment options are available to qualifying applicants.

Can we still get funding with an IRS tax lien on my credit?
Yes. Programs are available with federal or state tax liens on the company or the owners with a payment arrangement in place. Provide documentation on the payment agreement.

Is this a hard or soft credit pull?
These are Soft Pull programs in almost each cases.  Some programs are a hard credit pull but are excellent and may offer the highest approval to an applicant with the lowest terms.

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