FIX & FLIP LINE OF CREDIT

No income verification.
No financial documentation.
Perfect for both seasoned and first time investors.
Great for financing  repairs, rehab, and/or renovations.
NO COLLATERAL REQUIRED!

Here at FundingPilot we offer a unique solution for borrowers seeking financing without the hassle and uncertainty of traditional lending. Among these programs one truly stands apart from the rest; the Stated-Income Business Line of Credit. This program offers a hassle-free experience for business owners who need access to credit without having to worry about the time, costs, and documentation requirements often associated when getting a mortgage, loan, or home equity line of credit.

 

There is no income verification, no financial documentation, and is 100% unsecured which means there is no collateral requirement. Also, since these credit lines do not report to your personal credit report it will not affect future financing transactions. Because of this flexibility it comes as no surprise that some of our most popular clients include real estate investors.

 

Whether seeking to fix and flip, or fix and hold, this program allows investors to have open credit lines to make repairs or improvements not only for current projects, but future projects as well. To apply please complete the Fix & Flip Line of Credit Pre-Approval Form or email our Credit Line Department directly support@FundingPilot.com or by calling our main line at 888-460-4518.

 

Aside from real estate investors, we find that many borrowers are those who did not qualify for home improvement / rehab mortgage programs such as the FHA 203k or Fannie Mae HomeStyle. Whether you were turned down due to the property type being ineligible, LTV was too high, DTI was too high, or qualifying income was too low, the Stated-Income Business Line of Credit bypasses all of those major obstacles and lets you stay on track to accomplish your goals.

Line Amounts:          

Interest:                    

Payments:                

Type of Account:      

Territory:                   

Entity Type:              

First-Time Flip?:       

Time in Business:    

680+ FICO:              

Under 680 FICO:     

Verify income?:        

Verify financials?:     

Collateral?:               

Credit Reporting:     

Pre-Approval Time:         

$10,000 - $250,000

0% first 6-12 months

Monthly

Open

Nationwide

Active (US Only)

Eligible

1+ day

No co-signer required.

Must have co-signer

No

No

No

Doesn't report.

1 business day

2019 LENDING GUIDELINES

Have a question? Call us at 888-460-4518

ADDITIONAL LENDING PROGRAMS

Loan Amounts: $10,000 - $500,000

Terms: 3 months - 10 years

Repayment: Fixed

Collateral requirement: N/A

Credit Needed: 680+ FICO

Approval Time: 24 hours

Time to Fund: 2 - 5 days

Unsecured Business Loan

Secured Business Loan

Loan Amounts: $1,000 - $5,000,000

Terms: 6 - 36 months

Repayment: Fixed

Collateral requirement: YES

Credit Needed: No credit score requirements

Approval Time: 24 hours

Time to Fund: 3 - 10 days

Startup Business Loan

Loan Amounts: $5,000 - $250,000

Terms: 3 months - 10 years

Repayment: Fixed

Collateral requirement: N/A

Credit Needed: 680+ FICO

Approval Time: 1 - 2 days

Time to Fund: 3 - 5 days

Merchant Cash Advance

Loan Amounts: $10,000 - $500,000

Terms: 3 - 36 months

Repayment: Fixed

Collateral requirement: N/A

Credit Needed: 680+ FICO

Approval Time: 24 hours

Time to Fund: 1 - 3 days

Asset-Based Business Loan

Loan Amounts: $250,000 - $20,000,000

Terms: up to 30 years

Repayment: Fixed

Collateral requirement: YES

Credit Needed: No credit score requirements

Approval Time: 24 hours

Time to Fund: 3 - 10 days

Equipment Financing

Loan Amounts: $10,000 - $250,000

Rate: 0% first 6-12 months, 6.99%+ after

Repayment: Fixed

Collateral requirement: None

Credit Needed: 680+ FICO

Approval Time: 24 hours

Time to Fund: 3 - 10 days

Fix & Flip LOC

Loan Amounts: $10,000 - $250,000

Terms: Open, 0% interest first 6-12 months

Repayment: Monthly

Collateral requirement: NONE!

Credit Needed: 680+ FICO

Approval Time:  7 - 21 days

Pre-Approval: 1 day

Accounts Receivable Loan

Loan Amounts: $25,000 - $1,000,000

Terms: 1 - 5 years

Repayment: Fixed percentage of receivables.

Collateral requirement: CASE-BY-CASE

Credit Needed: Average - Excellent

Approval Time: 1 - 5 days

Time to Fund: 1 - 3 days after approval

We're the best at what we do for a reason...

FLEXIBILITY. No more needing to go from bank to bank trying to find small business loans, we cover it all. Whether your credit is strong or poor we have business lending programs to meet your capital needs.

FOCUS. We're 100% focused on small business owners like yourself. We deliver results nationwide and have funding specialists available 6 days per week.

SPEED. We save you lots of time when looking for a small business loan. You answer a few questions and we show you your options. We make getting a small business loan simple and fast.

TRUST. We take care of you every step of the way. Our business lending advisors believe in your business and care about your success. It’s an experience you’ll tell your friends about, guaranteed! Did we mention our A+ rating with the Better Business Bureau?

$794,000 FUNDED!

When a manufacturing company in Pennsylvania needed to meet a large purchase order request they needed funding quickly to meet their demand. Within a matter of 5 business days they were funded and are continuing to leverage our business lending programs to further grow their successful business.

LOAN TYPE: Asset-Based Loan

$28,600 FUNDED!

When a local bakery / cafe was in need of some working capital FundingPilot was able to step in and get their business $28,600 in under 48 hours!

LOAN TYPE: Merchant Cash Advance

$225,000 FUNDED!

Mark & Samantha needed to renovate their location but couldn't qualify for a commercial renovation loan, nor most business loans due to credit score blemishes. By using an investment property they owned as collateral we were able to fund them $225,000 in 9 days.

LOAN TYPE: Secured Business Loan

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