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The Paulmar Group > Business Loans

Business Loans

The Paulmar Group’s Business Loans are designed to provide your business with the financial support needed for every stage of your business’ life cycle, whether for starting, scaling, maintaining, or transitioning.

Types of Business Capital Sourcing Needs:
  • Startup/Business Expansion
  • Working Capital
  • Equipment Purchasing
  • Office Remodeling
There are four different types of business capital and capital sourcing options:
  • Term Loans
  • Revenue-Based Loans
  • Business Lines of Credit
  • Business Credit Cards

Secure Affordable Monthly Payments with Term Loans

TERM LOANS

Qualifying businesses with a strong financial track record have the opportunity to secure term loans ranging from 3 to 5 years, repaid with manageable and affordable monthly payments, with no prepayment penalties.

Requirements:
  • Minimum 680 Credit Score
  • Minimum 2 years in business
  • Proof of Income (One of These)
    • Either 2 years of W2
    • Last Two Pay Stubs
    • Two Years of Tax Returns
    • 4-6 Months Business Bank Statements
  • Business Voided Check
  • Owner’s ID Documents

REVENE-BASED LOANS: REPAYMENT DAILY, WEEKLY

Requirements:
  • Minimum 600 Credit Score
  • Minimum 12 Months in business
  • 4-6 Months Business Bank Statements
  • Business Voided Check
  • Owner’s ID Documents

Your business’s profit over the last two years and a personal credit score of 720 or higher are the key factors that open the door to this financial solution.

Optimal Business Line of Credit

Maintaining a healthy supply of working capital is vital for businesses. That’s why we offer a business line of credit, an optimal solution for situations that don’t require a significant commitment to long-term obligations like term loans.

Requirements:
  • Minimum 680 Credit Score
  • Minimum 2 years in business
  • Proof of Income
    • Two Years of Tax Returns
    • 4-6 Months Business Bank Statements
  • Business Voided Check
  • Owner’s ID Documents

With a business line of credit, you have access to the capital you need, precisely when you need them.

BUSINESS CREDIT CARDS

Requirements:
  • Minimum 680 Credit Score
  • Minimum 2 years in business
  • Proof of Income
    • Stated Income
    • 4-6 Months Business Bank Statements
  • Owner’s ID Documents

Revenue-Based Financing for Swift Access to Capital

Revenue-based financing is your gateway to quick access to capital, regardless of your industry. Need anywhere from $10,000 to $1,000,000 in a hurry? Our revenue-based financing option has you covered, offering swift approval and capital sourcing.

Overcome Common Loan Hurdles

Many businesses face common hurdles when seeking loans: insufficient time in business, low credit scores, and industry restrictions.

We understand these challenges, which is why our revenue-based financing empowers you to seize opportunities that might slip through your grasp due to a lack of working capital.

Fast and Effective

Unlike traditional loans that often require personal guarantees and collateral, our financing considers your sales history as a significant factor in the approval process.

This approach minimizes underwriting requirements and allows for capital sourcing approval in as little as 24 hours.

Tailored to your Business Goals

Whether you’re looking to secure more inventory, resolve a critical issue, or launch a new marketing campaign quickly, our financing solutions are designed to cater to your most pressing business needs.

Business Loan Requirements

  • 6 Months in Business
  • $10,000 in Monthly Revenue
  • 4 Months of Business Bank Statements
  • Completed Application Form
  • Owner and Partner Information
    • Copy of Driver’s License
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Frequently Asked Questions

WHAT IS THE PURPOSE OF BUSINESS LOANS?

A business loan is a financial product designed to provide capital to businesses for various purposes – including starting a new business, expanding an existing one, purchasing inventory, hiring employees, covering operational expenses, and more.

HOW DO I QUALIFY FOR A BUSINESS LOAN?

Eligibility criteria vary among lenders, but typically include factors such as your credit score, business revenue, time in business, and the purpose of the loan.

For The Paulmar Group, we require the following for your application:

  • 6 Months in Business
  • $10,000 in Monthly Revenue
  • 4 Months of Business Bank Statements
  • Completed Application Form
  • A copy of Driver’s License and a Voided Check
WHAT IS THE INTEREST RATE ON A BUSINESS LOAN?

Interest rates may vary depending on your loan type, amount, and terms. You can refer to our “Loan Calculator” in our Home Page to calculate your interest.

DO I NEED A COLLATERAL FOR A BUSINESS LOAN?

Collateral requirements vary, and not all business loans require collateral. Some loans are unsecured, while others, like secured loans, may require assets as collateral.

In contrast to conventional loans that frequently demand personal assurances and assets as collateral, here at The Paulmar Group, our financing places substantial emphasis on your sales history when determining approval.

WHAT INDUSTRIES DO YOU SERVE OR SPECIALIZE IN?

The Paulmar Group excels in various types of business financing, including but not limited to: term loans, lines of credit, revenue-based financing.

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