Business Debt-Free Incorporated

Anything fixed will constitute a loan. We highly advise before coming to us; please speak to your funder regarding lowering your payments. If you don't like the situation or the funder didn't comply, come back to us. If you defaulted already, dropped costs, are about to default, or have an old default unpaid. We can guarantee you results, pay everything in total with a payment plan you can afford, and take off the judgments and UCC filing. 

We are not a DEBT SETTLEMENT COMPANY. You will pay everything in full of what is owed! By definition, debt settlement is when a company negotiates with a consumer's unsecured creditors over time to reduce principal, usually less than the current balance owed. - FTC. Please refer to https://www.ftc.gov/sites/default/files/documents/public_comments/debt-settlement-industry-public-workshop-536796-00022/536796-00022.pdf

Based on the FDIC, there is no protection for business regarding business debt. Please refer to

https://www.fdic.gov/resources/consumers/consumer-assistance-topics/debt-collection.html 

https://www.federalreserve.gov/boarddocs/supmanual/cch/fairdebt.pdf

If you have taken out a merchant cash advance within 30 days, we can't touch that advance until 30 days past for legal reasons. But, for the other advances past 30 days, we can!

To Start, we required an upfront $4,000 for the attorneys and admins. I will send you an agreement regarding the upfront $4,000 fee once we receive the signed agreement and payment. We will move forward.

Documentation:

Signed Agreements

Application Form

Complete Page Contracts of each current Merchant cash advances

Debt Sheet

Last 3 Months of business bank statements

A Month to date business bank statement

Driver License

Voided Check or Bank Letter

EIN Confirmation Letter or Business License or Last Year Tax Return

Three Types:

7A Loan, 504 Loan, Microloans 

Before suggesting an SBA LOAN, you must first see if you can get a loan without the SBA and exhaust all options.

If you have a felony, as long as it is not of "moral turpitude,"

Cannot be delinquent on any existing government debt obligations.

A detailed explanation of the use for capital (the SBA will use this in the SBA proceeds section) and a brief description of the nature of the business and challenge. How the loan will help the company.

Personal Resume and if have any partner or affiliates need partners or affiliates Resume as well.

Must be a small business generally stated in the number of employees or average annual receipts. 

Must be for Profit Business

SBA Application Form

Personal Guarantee 

Articles of Incorporation or Articles of Organization

Leases for commercial real estate

Contracts with third parties (like clients or suppliers)

Franchise agreements, if applicable

Leases for business equipment if applicable

Business License if applicable

Minimum $8,000 Monthly Revenue

650+ Credit Score

70+ Business Credit Score (If you do not have a business credit score, SBA and lender will use personal credit score highly recommended to have a 685+ credit score in this case)

Two years in business

Last 2 Years of Personal and Business Tax Returns

One year's worth of personal and Business Bank Statements

Profit and Loss Sheet

Debt Sheet

Insurance Policy is only needed if you use your business as collateral and may need to add lender as loss payee designation.

Upon Approval, 15% down on loan to SBA.

To start the process, we will need you to sign this form agreeing to pay upfront $2,500 for the services covered by this form; If the SBA deems the service we provided is not worth this charge, we are obligated to refund you the total amount. We are obligated to pay you back immediately if you ever get denied! We will do the application form for you, put the packages together, deal directly with the bank, communicate with you, and ensure a smooth process. We will be with you from Step A to Step Z, from talking to us to funding. Upon receiving the SBA Loan, we can't legally charge you anything except for the service we have done for you regarding the SBA loan done on your behalf and services covered by this form. 

FORM TO START PROCESS: https://www.sba.gov/sites/default/files/articles/Form_159_-_FINAL_9.10.18.pdf

AFTER THE FORM IS SIGNED, PAY THE UPFRONT FEE FOR THE SERVICES COVERED BY THIS FORM AND FOR DOING THE SBA LOAN ON YOUR BEHALF. ONCE PAYMENT RECEIVE, WE CAN CONTINUE THE PROCESS FROM A TO Z. This is only for 7A and 504 Loan.

Microloans, we charge $2,500 upfront for the services covered by this form and for doing the SBA loan on your behalf, as well as a success fee of 3% of the funding amount upon Approval. Therefore, you will need to sign an agreement stating you will pay the upfront fee of $2,500 and the 3% upon Approval. After first receiving the signed agreement and upfront payment, we will move forward with the process until Approval. 

Send All paperwork to info@businessdebt-free.com

Site: https://businessdebt-free.com  

the application form is below: