Small Business Short Term Loans

What is Apple Capital Small Business Short Term Loans Program?

Apple Capital Group has a short term business loan products that ranges from 3 months to a maxium of 18 months short term loans. These short term business loans are designed for business with has daily cash flow meaning you they have daily income (daily deposits) in their business checking account  See below for qualifications. Approval process within a few hours and docs the same day with funding 2 day after docs been received. Small Business Short Term Loans

For more information, please call us at 866-611-7457 FREE.

How this Short Term Small Business Loans Differs

The key to the short term loans is accessibility, with affordable rates, and quick turnaround. We at Apple Capital Group offers this quick short term option for small businesses for small businesses can grow. When you compare the benefits of an Apple Capital Group loan to other financing options such as merchant cash advances, it’s clear On Deck is the superior choice. Small Business Short Term Loans

Benefits of Apple Capital Group Small Business Loans

  • Typically up to 50% less expensive than a merchant cash advance
  • Decisions in as fast as 1 business day, funding in as fast as 2 business days
  • Daily, fixed payment means no worrying about large end of month payments

On Apple Capital Group Small Business Loans vs Merchant Cash Advances

We at Apple Capital Group Cash Advance Program for Merchants

Not considered a loan.
  • A true business finance loan with a fixed interest rate and termFor a $20,000 business loan, On Deck may charge you $21,800 – $24,000 over 6 months for a daily payment ranging from $169 – $186 (typically 50% less expensive than a cash advance)
  • For a $20,000 loan, cash advances will charge you $27,600 at a rate of 38 cents on the dollar (or even higher) over 6 months* for a daily payment of approximately $214
  • No need to change credit card processor
  • Must change credit card processor
  • On Deck provides a fixed term loan collected through set daily payments using flexible payment methods.
  • Cash advances intercept your credit card receivables at the merchant processor and take a fixed percentage of your daily credit card volume until the advance is paid off.
  • On Deck reports your payment history to the credit agencies
  • There are no credit benefits to using a cash advance

* Source: Business Week – How Merchant Cash Advances Work – January 9, 2009

 

Standard Loan Bank Only
accepts credit cards no credit cards
$5,000 – $150,000 $5,000 – $75,000
6- 18 Month Terms 6 & 9 Month Terms
Minimum Criteria Our “Sweet Spot”
Time in Business 1 year + Time in Business 3 years+ 1 year +
Annual Revenue  $250,000 + Annual Revenue $500,000  $250,000 +
Avg Bank Balance $3,000 + Avg Bank Balance $5,000 + $3,000 +
# of Negative Days  6 in 3 % Ownership 80%  6 in 3
Credit Score 500 Credit 600 500
Top Industries
Restaurants Doctors Drinkling Establishments Spas
Automotive Repair Landscapting Services Plumbing General Retail
Dentist Supermarkets
Documentation Needed
1 Page Complete Application
3 Months of Credit Card Statements/ 3 Months Bank Statements (include all pages)
If Bank Only, 6 months of Bank Statements
About Our Short-Term Loan Products
Loans Size $5,000 – $150,000
Terms 3- 18 months
Payments Daily payments from account via ACH (Automated Clearing House)
Security Personal Guarantee
Timing Decisions in as fast as 1 business day, funding in as fast as 2 business days

 

RESTRICTED INDUSTRIES LIST
Short Term Small Business Products
Loan Terms 3 to 18 Months

 

Financial Services SIC NAICS   Services SIC NAICS   MISC (cont) SIC NAICS
Mortgage  Lenders 6163 52231 Ticket Brokers 6512 561599 State and Government  Agencies 8631 921140
Credit Card Protection 7299 812990 Personal Trainers 812990 Airlines 4512 481111
Credit Restoration / Repair 7299 541990 Payroll Companies 8721 541211 Not-for-Profit Grant Writers 6732 813211
Check Cashing 6099 522390 Vices SIC NAICS Virtual Auction Houses 5961 454112
Collection  Agencies 7322 561440 Adult Entertainment  / Materials 5999 453998 Fraternity / Sorority 7021 721310
Wire Transfers 6099 522320 Lotteries / Raffles / Gaming / Gambling 7999 71329 Freight Brokers 4731 488510
Factoring Organizations 6153 522298 Drug Paraphernalia 5993 453991 Marinas 4493 713930
Non-Bank Cash Advances 6099 522390 Gambling Establishments 7999 713210 Vitamin Retailers 5499 446191
Mortgage Reduction Services 6162 522292 Horoscope / Fortune Telling 7299 812990 Home Building and Construction 1521 236115
Investment Opportunities 6282 523930 Bail Bonds 7299 812990 Attorney 8111 54111
Time Share Investments 7389 561599 Firearms Sales 5091 423910 Cemetery & Funeral Homes 7261 81221/2
Real Estate Brokers 6531 531210 Escort Services 7299 812990 Child Day Care Services 8351 62441
Real Estate Management
Companies		 6531 531311 Advice on Sporting Events 7999 713290 Fitness & Recreational  Facilities 7991 713940
Currency Exchanges 6099 523130 Dealerships SIC NAICS Golf Courses & Country Clubs 7992 / 7 71391
Accountants 8721 541211 ATV Sales 5571 441221 Printing 2771 3231
Tax Preparation  Services 7291 541213 Auto / Dealerships   – New and
Used		 5511 441110 Schools 8299 611
Insurance Related 6311 524113 Motorcycle / Scooter Dealerships 5561 441221 Sellers SIC NAICS
Financial Transactions
Processing		 6153 52232 Motor Home / Camper  Dealers 5551 441210 Mobile Phone Dealers 5731 443112
Boat Dealers – Sellers 5551 441222 Pawn Shops 5932 522298
MISC SIC NAICS Discount Travel Clubs / Subscriptions 8699 561599
Sports & Recreation  Instruction 7999 61162 Mail Order Coin Sales 5961 454113
Travel Agencies 561510 Precious Metal Sales (Internet) 5961 454110
Transportation  (not trucking) Flea Markets 5932 453310
Computer  Training / Sales / Consulting / Design 5415/
4431		 Magazine Subscriptions 2721 511120

 

Click here for a Short Term Small Business Requirements and Restricted Industry List for Short Term Loan. Small Business Short Term Loans