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10k - 250k Career / Personal Funding In 1 - 6 Months (No Upfront Fees)

10k - 250k Career / Personal Funding In 1 - 6 Months (No Upfront Fees)
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Philip Mills
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 career   funding   cash   loans   personal   money 

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Do you need money for your business?

CVP is a broker for business lines of credit. We use shell corporations with established business credit to obtain credit lines for your business. It's a time tested way of getting the money you need for business!

Our Program:

No Money Upfront - we take our fees from your credit lines after we get you the credit
You are required to have a 700+ Credit Score
You can get anywhere from $10,000 - $250,000


If you have a project in need of funding, the core funds are those used to start or expand a current project. We provide and expand established facilities through the use of operating companies. The Corporate Venture partners are those that are ready to go into their next business life without losing their previous established credit. The transition time can be as short as a month or as long as 6 months depending upon the funding requirements needed. Although we do have the means to expand your corporationís credit line, we find it more timely and economical to use our existing business partners facilities. Though there are many ways to fund a project, we believe our structure is easier considering the quick access to liquid equity it provides. Remember, the right funding source should work well with the company and allow it to grow. We provide an alternative to you giving up 50% equity, or any equity for that matter. Sometimes this is not the case depending on what type of project it is and how much money in put in already.
Many obtain project funding through investment groups, hedge funds, high net worth individuals, banks and government grants. Our focus is mainly through debt which if planned correctly through diligent cash-flow analysis and management can provide the greatest flexibility for our clients. It helps if your project has proven cash-flow, either by trial or by competitive sample. A company that is revenue producing will usually have assets and a track record which could prove that with the right amount of funding they can take it to the next level. The more a company has the better the term sheet which will in turn be less expensive. Over time, a proper debt management system that is put in place and utilized to its fullest extent will expand two and sometimes three times its initial starting point. It is not unusual for clients who start with $100,000 in funding to manage the debt in to $250,000 credit facilities.

Funding facilities can cost upwards of $15,000, with the associated lines costing an additional 15% in consulting fees. Though this can be a costly venture at the beginning, letís remember this facility with associated lines can be grown, organically by 25% per year through normal use, or up to 100% or more through managed use. Managed use simply means using the debt facilities to expand the existing debt facilities. Rather than using cash or check, use the credit facilities and pay them down within 10 days of the charge. Utilizing credit lines beyond their stated limits forces the automated algorithms to seek an increase of the line. The credit companies make much more money when you use your cards then when you simply sit on the debt and pay the interest. The effects of such debt management can have a truly dramatic effect on a companyís borrowing capacity and credit history as well. Many do not know that the secret to raising a Dun & Bradstreet Paydex score above 80 is to simply pay your term billing within 10 days of the charge.

Debt Coverage Ratio (DCR)

Debt Coverage Ratio (DCR) or Debt Service Ratio (DSR) is a widely used ratio in the case of real property and working Capital loans.

The Debt Coverage Ratio (DCR) is the ratio of the annual Net Operating Income (NOI) over the annual debt service, or the annual loan payment. If the loan will be refinancing current debt, it is important to add back any interest expense incurred for those loans back to the NOI for the DCR calculation. For example, if the company has an annual NOI of $160,000 and a loan with an annual mortgage payment of 80,000, then the DCR will be:

DCR = Annual NOI / Annual Loan Payment =160,000/80,000 =2.00

The calculated DCR of 2.00 implies that the property net operating income is 100% more than the annual payment required to service the loan. If the debt coverage ratio is smaller than 1, it indicates that the property produces insufficient income to cover both operating expenses and the loan payment. Within this context, lenders are usually requiring a DCR of at least 1.2, which means that property net operating income needs to be at least 20% more than the loan payment.

Determining Your Maximum Loan

Using the DCR, one can calculate the maximum loan amount that can be obtained from the lender, based on the annual mortgage payment that is implied by these two numbers (property NOI and required DCR by lender), and which can be calculated as:

Maximum Loan Payment = NOI / DCR

Thus, using the example above, if the property NOI is $200,000 and the lender is not allowing a DCR lower than the 1.25, then the maximum mortgage loan a property investor can get will correspond to an annual mortgage payment of :

Maximum Loan annual payment = 200,000 / 1.25 = 160,000

The estimated maximum annual mortgage payment allowed by the minimum DCR requirement implies a different loan amount, depending on the assumptions regarding the interest rate and term of the loan that can be obtained.

Bank Loans for Small Businesses

Banks are more conservative with their investment dollars than venture capitalists or angel investors. They are far more likely to approve a loan for an established business with proven credit over a startup or emerging company. Due to the fiduciary responsibility they owe their depositors, banks are not willing to take great risk, and the risks they do take come with high interest rates to compensate for this risk...

Luckily, government agencies such as the Small Business Administration (SBA), work with many banks to get the small business owners loans, with a business plan and thought out business loan request. Where banks are more likely to give smaller loans, venture capitalists look for much larger deals.

Before you approach a bank, know why you are going. This simply means if you want a loan for a certain amount, you should:

Know EXACTLY how your business operates and why it makes money
Know EXACTLY how the money will be used
Know how you plan to repay the loan and over what time frame
Be willing to take a significant financial risk in the business
Demonstrate you're responsible and can manage this business
Documenting this process will make it easier for you to have all your key documents in order, including a solid business plan. You will also need to have the most recent financial statements available, projections for the business, a debt schedule (detailed listing of all the business debts), a repayment plan and if necessary collateral. Collateral may include:

Hard goods such as equipment
Real estate
Stocks or bonds
Other personal assets
Personal guarantees
Equity is important to a bank. Equity reflects your contribution into the business. Equity can be in the form of prior earnings left in the business, or direct infusion of capital or assets to help the business fun. Banks are more likely to approve a loan if it sees that the owners are investing a good percentage of the necessary startup capital into the business.

In lending, there is an inverse relationship between the business and the business owner The smaller the business, the more closely the individual behind it will be evaluated. Most small businesses are closely tied to the experience, know-how, and overall character of the owner(s). For this reason, you need to make sure you get your own financial records and credit in order before asking for a bank (or any lender, for that matter) for money to start a business.


Factoring, or receivable financing is the sale of your invoices or accounts receivable to a third party. It is very dominant in certain industries, i.e. trucking and transportation, staffing, etc. What differentiates factoring is really the three points we'll discuss - who is offering it to you, what it costs, and how does it work.

So let's get back to our three key areas: First factoring firms vary by size, geography, and financial capability. You need to align yourself with a party that is most suited to your type of business, the size of your receivables portfolio, and the ability to deal on a one on one basis on any issues that come up. Your best partner will be a firm who as direct representation in your geographical area.

Is factoring expensive? Receivable financing can appear to be expensive, and unfortunately most borrowers are always focus on rate. A few key points need to be made, so let's be clear on this issue. First of all factoring usually has a discount rate of between 1-3% per month. We use the term discount rate because the industry itself doesn't view the rate as an interest rate; it views it as essentially a reduction in your overall gross margin. Let's use a quick, clear example. Let's say you have an invoice for $ 100,000.00. Factoring allows you to get approx 90% of the funds on that invoice the day you generate the invoice. (The balance, 10%, is paid to you when your customer pays,) and out of that holdback comes, say a 2% discount fee to the factor firm) the factor industry view that 2% as a commission for financing your invoice. If your customer pays in 30 days, you would have paid 2% per month, that's 24% per annum that is expensive. Now compare this with the accepting of credit cards where the discount rate is typically 2.5% - 3% or even more!

By factoring and getting immediate cash, you may be able to purchase inventory at a better price for cash, or alternatively, you can take the many 2% net ten day discounts many suppliers offer. If that was the case on all your business we can make the statement that you are recovering 100% of your financing costs via this strategy, plus you have unlimited working capital.

Summary of Factoring Benefits:

Meet increasing sales demand
Grow your business
Avoid "collection" hassles
Buy in bulk and receive discounts
Meet payroll
Avoid payroll and estimated tax delinquencies
No personal guarantee required

Credit Card Receipt Advances

Though it can be compared to Factoring, Credit Card Receipt Advances can be obtained without having the best credit scores.

Having consistent charges on a monthly basis demonstrates a solid Cash Flow which can mimic an annuity. This provides certain finance companies the confidence to advance you on the future cash flow you would receive. The payments are usually taken out as a percentage of each charge that is made. So if your normal Processing Fee for taking charge cards was 3%, the Finance Company may charge a total of 8% of each charge, 3% for the transaction fee plus 5% as payment toward the Principle and Interest incurred on your loan. There is a great convenience in this type of financing in the fact that you are not writing a check every month. But as with every convenience, there is also a cost. The effective interest cost of this loan will usually range from 18% to 36% annually.

Qualifying requirements for this type of financing would be:

Your business must have a history of accepting credit cards as a form of payment
You need to be processing a minimum of $1,500 dollars a month
No Judgments, Tax Liens or other type of "open" Public Record on your credit file
How does the program work?

You are advanced up to $100,000 based on your current charge receipts
There is not a fixed payment payments, but aware of account minimums
It is important to verify your lenders references, how they treat their current customers will be a good indication of how they will treat you.

Cash Flow

Cash flow is a summary of not only Profits and Losses, but the changes in the Balance Sheet (Assets and Liabilities) as well. Simply put, it is the explanation of the amount of cash you have in the bank at the end of the period.

In a very simple example, letís assume your business had a net income of $10,000 for the month. If you provide credit for your customers, you would have Accounts Receivable. Let us say your Accounts Receivable was $40,000 when you began the month, and when the month ended your Accounts Receivable was $35,000. This change of $5,000 was an increase to your cash flow.

Let us also assume your Vendors provide you credit. In doing so, you would have Accounts Payable, which for this purpose at the beginning of the month was $30,000 and at the end of the month was $20,000. This $10,000 reduced your cash flow. So if we take into consideration the $10,000 income, added the additional $5,000 you received by lowering your Accounts Receivables then subtracted the $10,000 you used to lower your Accounts Payable, your cash flow for the month would be $5,000. As you can see, Profit and loss statements can differ greatly from Cash flow.

Cash flow management is one of the secrets successful businesses use to grow during the good times and survive during the tough times. It helps you to understand the importance of Accounts Receivable management, as well as the benefit Vendors can be in providing extended terms.

Every business has a hidden cost component, this is what we will refer to as the cost of the Working Capital. Monitoring your cash flow will help you determine the adequate level of Working Capital you will need. To summarize, cash flow is a key indicator as to how sufficient your Working Capital needs are being met.

Business Credit Cards

As with any application, it is a good idea to know what it takes to get approved, including the sources they use to check credit. As a small business owner, It is important to know that a true business credit card will report to at least two of the three business credit reporting agencies and should not show up on your personal credit reports.

Understand there is a difference between long-term rates and introductory rates. By examining your credit card statement carefully, you can expose changes in the interest rate, hidden fees, annual fees, balance transfer rates, late charges, cash advances and grace periods.

Know the benefits:

Use their reporting services to track and reconcile business expenses
Streamline cash advances
Build business credit
Monitor employee spending
Better manage vendor relationships
Finding the Right Business Credit Cards

Among the many advantages to having business credit cards, building strong business credit scores is one of the greatest.

Due to the volatile credit environment, banks which issue business credit cards typically make an inquiry on the applicant's (usually an officer of the corporation) personal credit in order to approve, but after approval they do not show up on personal credit reports. With a little on-line research, you can find banks that are willing to lend, keeping in mind your credit history will be the largest deciding factor of approval and what rate you will pay.

Equipment Leasing

Equipment leasing is when a lender buys and owns equipment and then "rents" it to a business at a flat monthly rate for a specified number of months. At the end of the lease, the business may purchase the equipment for its fair market value (or a fixed or predetermined amount), continue leasing, lease new equipment or return it.

In qualifying for a lease of $100,000 or less, personal credit of the guarantors or owners will be used in making the approval decision. Keep in mind, leasing is usually more expensive than bank financing.

When applying for less than $100,000, an application is generally no more complex than a credit card application. Leases for more than $100,000 will usually require detailed financial information from the business with the leasing company conducting a more thorough credit check than it would for a smaller transaction.

You can start by getting a quote from the leasing firm referred by the company that wants to sell you the equipment. The quote should be competitive. Keep in mind, the company you are buying the equipment from wants to sell as many as possible, and wonít stay in business by referring a leasing company that gouges its customers. REMEMBER always get at least two quotes. Either ask the company selling the equipment for more than one leasing company or ask a friend or a business associate for a referral.

Note, when looking for a leasing company you should know whether you are talking to a broker-who is structures the deals or she works for leasing company that is actually putting its own funds on the line.

Note, when looking for a leasing company you should know whether you are talking to a broker-who is structures the deals or she works for leasing company that is actually putting its own funds on the line.

If you are interested and or ready to get started, contact Philip Mills by phone: 214-949-7974 or email for more information and directions for moving forward. Thankyou

Philip E. Mills
Empowering others to achieve success equally satisfies my ego.

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