| Working Capital | HomeCommercial Loans |
AEX Commercial Financing Group
Executive Summary: Business Cash Advances This Executive Summary will provide the following information: 1. Five key reasons to obtain a business cash advance. 2. Ten problems to avoid with business cash advances. 3. Six criteria for working capital advances. A Special Comment:
Working Capital Funding and Business Cash Advances Stated Income Commercial Loans: A stated income approach to commercial financing is often preferred by small business owners because it greatly simplifies the borrowing process. With stated income underwriting, there is typically no need for a business borrower to verify income via tax returns and financial statements. SOME BAD NEWS: For those seeking stated income commercial real estate financing, there have been abrupt changes for commercial mortgages based upon a stated income underwriting approach. Due to recent uncertainties in credit and financial markets, most commercial lenders have effectively eliminated a stated income process for commercial real estate loans. THE GOOD NEWS: There have NOT been changes in stated income commercial financing involving the AEX Business Cash Advance Program. For most business cash advances using credit card processing, income documentation is (and always has been) necessary only for larger working capital advances. 5 Reasons for a Business Cash Advance: 1. Funds can be obtained very quickly. 2. There should not be any up-front fees or closing costs. 3. There is no need for collateral. 4. Available to most businesses that accept credit cards. 5. The most reliable option for obtaining working capital. 10 Problems to Avoid - Credit Card Processing Cash Advances: 1. 2-3 years or more in business required to qualify 2. Maximum business cash advance under $50,000 3. 12 to 24 months of credit card sales required 4. Collateral required 5. Up-front fees 6. Closing costs 7. Financial Statements required for all advances 8. Fixed payments to pay off the advance 9. Fixed term to pay off the advances 10. High credit scores required 6 Criteria for a Business Cash Advance up to $300,000: 1. Business accepts credit cards as a form of payment 2. One year business operating history 3. Monthly credit card sales of $5000+ for six months 4. No open tax liens, judgments or bankruptcies 5. Minimum personal credit scores of 500 6. If leasing: at least one year remaining on lease and in good standing with landlord AEX Business Cash Advance Program: It is not necessary to accept ANY of the 10 problems listed above in order to obtain working capital based on future credit card processing. AEX Commercial Financing Group has eliminated ALL of these potential problems from the AEX Business Cash Advance Program (see overview below). 1. Business cash advances from $5000 to $300,000 2. No up-front fees or closing costs 3. No financials required for most situations 4. No fixed payments 5. No set term to pay off the business cash advance 6. No collateral required 7. Easy 2-page application: AEX Commercial Financing Group can fax or email the application for its Business Cash Advance Program to you. This application will be requested only AFTER a discussion with AEX. Please note our policy provided below about avoiding the use of online business financing applications. AEX Application Policy: A borrower working with AEX Commercial Financing Group will not be asked to submit an application until they have completed a detailed discussion with AEX confirming that working capital financing is feasible for their particular business situation. There are numerous business cash advance and small business loans sites that urge commercial borrowers to complete an application before a business owner even has a conversation with a prospective lender. By completing an online commercial finance application, business owners would be submitting confidential business and personal information to a lender before they should. AEX Commercial Financing Group STRONGLY advises business owners NOT to complete an online commercial funding application. Business owners needing help with commercial loans and business cash advance situations should contact Stephen Bush (Founder and Chief Executive Officer - AEX Commercial Financing Group) for candid and individualized advice. Contact Information: Stephen Bush Chief Executive Officer AEX Commercial Financing Group Phone: (937) 780-4030 bush@aexllc.com PO Box 353, Leesburg OH 45135-0353 USA AEX Commercial Financing Group Credit Card Processing and Business Cash Advances Commercial Real Estate Loans Guide Working Capital Guide  |