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Funding

Rhodes Holdings LLC may provide certain types of funding, mostly debt based, through its network of brokers and providers.  None of these types of funding require registration as a broker dealer (we will always have the client directly engage a broker dealer or licensed professional for equity transactions).  These are the types of funding that we will help provide through our network:

  • Commercial loans
  • Private equity loans and lines of credit
  • Factoring, below $1,000,000
  • Factoring, from $1,000,000 through $50,000,000
  • Equipment leasing
  • Merchant (credit card processing) cash advances

Equipment Leasing

For companies that already own or will be purchasing equipment (and some leasehold improvements), we provide equipment leasing options.  We have easy qualification because our leasing providers base the equipment leasing on your business’ history, not your personal or business credit.

  • Financing $10,000 and above, with no limit
  • 100% of equipment’s value
  • Credits of “A” through “D”
  • Leasing Provider pays equipment purchases directly
  • Payback period is 12-60 months, but may vary
  • Personal guarantees for repayment

Requirements

  1. A good story
  2. Projected financials
  3. For low resale valued equipment or leasehold improvements, extra collateral may be required

Submission package

  • Application
  • Application fee of $295
  • Owners’ drivers’ license or other photo ID
  • Two (2) years’ federal tax returns for business
  • Two (2) years’ federal tax returns for owners’ personal
  • Last twelve (12) months’ bank statements for business

Merchant Cash Advance

For companies that accept Visa and MasterCard, we provides cash advances based upon the company’s credit card sales.

  • No personal guarantees
  • No liens
  • No fixed payments
  • Cash in as little as 7 business days

Easy qualification and implementation because our advance providers base the merchant cash advance on your credit card merchant processing history, not personal or business credit.

  • Advances up to 125% of merchant’s average monthly credit card revenue
  • Advance Provider is buying future credit card sales at a discount today
  • Advance Provider takes a set percentage of credit cards processing daily until advance is repaid
  • Payback period is 6-10 months, but may vary upon merchant’s credit card processing volume
  • Merchant must use Advance Provider’s Merchant Processing Partner
  • Repayment options include split funding from credit card processor or ACH from merchant

Requirements

  1. In business for 1 year
  2. Processes at least $5,000 per month in Visa / MasterCard receipts
  3. Has accepted credit cards for at least 6 months
  4. Does not have current bankruptcy or foreclosure

Submission package

  • Application
  • Application fee of $195
  • Last 4 months’ Visa / MasterCard merchant processing statements (summary page)
  • Last 4 months’ bank statements

 


Copyright 2016 by Rhodes Holdings LLC, all rights reserved.

 

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