Leron
66 Posts |
 Posted - 07/22/2008 : 10:45:05 AM
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Hello Fellow brokers,
Need to make some extra cash while the market recovers? You can make up to 3 points on each cash advance. You already have the client base to get this to work. It's commonly known as 'Cash Advance', and while it isnt entirely new, is already becoming the latest and best option for obtaining much needed funds. This is perfect for small business owners, self employed individuals and independents that need capital with minimum documentation requirements. (Practically a No - Doc). I have summarized below the basics of the program as well as the benefits for your review:
„Ï Cash Advance available in 48 states.
o Also available in France and Canada
o Not available in Alaska and Hawaii
„Ï Cash advance amounts range from $5,000 - $500,000
„Ï Credit as low as 500 acceptable
o No bankruptcies, foreclosures, IRS or Gov liens allowed
„Ï All business types accepted
o Must be a brick-and-mortar business (No online-based business)
o May have a portion of income from online transactions
o No consulting companies
„Ï The Business doesn¡¦t have to own real estate
o Landlord verification of tenant¡¦s good standing needed
„Ï Merchant can continue to accept other cards such as
o Amex, Discover, Diners¡Ketc
o All other forms of income (Checks, Cash, other CC cards) are 100% yours
„Ï No fixed payments
o Payments are a percentage of future credit card sales
o If your business slows down then payments are reduced as well
o More convenient than a mortgage or any other fixed payment plan
„Ï No physical payments to send
o A portion of each VISA and/or MasterCard transaction is deducted directly from the merchant unit during each transaction.
o Never have to mail in a payment, write a check, or send cash
o No late fees ever
„Ï No personal guarantee required
o Non recourse loan
o No lien recorded
„Ï Funds can be used for anything! Examples:
o Down payment for another property
o Closing costs
o Inventory
o Expansion
o Working capital
„Ï NO cost application!
o 1 page application
o We pay for your credit report upfront
o We only get compensated if the ¡¥Cash Advance¡¦ is completed
„Ï Between 24 & 48 hour turn around on application
„Ï Close within 3 - 5 business days.
o If you need it faster, please mention it and we¡¦ll get it done!
If you are interested in finding out more about this opportunity or just getting signed up to start on your own then please contact me at Leron@royalcapitalgroup.com or call me directly @ 786 269 4744.
We work directly with the 4 major lenders that make up this type of lending. No start up costs for you! This is fast and easy money both for you and your clients in a slow moving mortgage market.
Sincerely,
Leron
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