Interest-Only Flex Pay Loan
PAY ONLY THE INTEREST FOR UP TO A YEAR!
Alliance Business Capital’s Lending Partner has long had the most aggressive interest-only product in the marketplace, our Interest-Only Flex Pay Loan. Well, we decided to make it even better. We believe growing your business shouldn’t mean sacrificing your cash flow, and with our new and improved Interest-Only Flex Pay Loan it doesn’t have to. Now you can quickly access loan amounts from $50,000 to $750,000 without collateral and low, interest-only payments for up to a year! Even better, it also carries a Line of Credit with unlimited draws for up to a year. After the interest-only period, you have the option to pay the principal, or we’ve created the perfect safety net – a built-in rollover amortization up to 2 years. With flexibility like this you can truly borrow with confidence!
Powerful Upgrades to an Already Amazing Loan Product:
- The minimum initial loan amount to begin the interest-only period is $50,000 (down from $150,000)
- Pay only the interest for up to 1 year (52 weeks) with a built-in safety net rollover amortizing loan option up to 2 years (104 weeks).
- The product will now carry a line of credit available for their entire interest-only period (26, 40 or 52 weeks). The credit line will be issued for the difference between your max loan approval and your initial loan amount taken.
- During the line of credit period, you may take unlimited* draws of $25,000 or more up to your maximum loan approval amount.
- You can even take your initial loan amount via several draws on consecutive business days to allow for ease of early payoff when funds become available. The minimum first draw is $50,000 with unlimited subsequent draws of $25,000 or more. Each IO Flex Pay Loan (or draw) will have minimum finance charges due for the entire interest-only period upon early payoff.
INDUSTRIES WE WORK WITH
To see if your Business is an Eligible Business Type and view Underwriting Criteria click on the below button.