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The following funding and financing services are the areas where we have developed partnerships to monetize within the next 6 months.
To learn more about each industry so you can understand the services click on the following links.
Lines of Credit - https://www.investopedia.com/articles/personal-finance/072913/basics-lines-credit.asp
Early Stage Funding - https://www.investopedia.com/articles/personal-finance/102015/series-b-c-funding-what-it-all-means-and-how-it-works.asp
Trade Lines - https://www.investopedia.com/terms/t/trade-line.asp
Shelf companies - https://en.wikipedia.org/wiki/Shelf_corporation
Hard Money Lending - https://www.investopedia.com/terms/h/hard_money_loan.asp
Credit Repair - https://www.investopedia.com/terms/credit-repair.asp
Real Estate Financing - https://www.investopedia.com/terms/c/commercial-real-estate-loan.asp
Cash Advance - https://www.investopedia.com/terms/c/cashadvance.asp
Asset Transfer - https://www.insuranceopedia.com/definition/831/asset-transfer
Mortgage Backed Notes (Security) - https://www.investopedia.com/terms/m/mbs.asp
Alternative Investments -
Marijuana - https://www.investopedia.com/marijuana-investing-4689782
Hedge Funds - https://www.investopedia.com/terms/h/hedgefund.asp
Private Equity - https://www.investopedia.com/terms/p/privateequity.asp
Venture Capital - https://www.investopedia.com/terms/v/venturecapital.asp
Real Estate - https://www.investopedia.com/terms/r/realestate.asp
Where can I find emergency financial resources to help with COVID-19 hardships?
https://grantspace.org/resources/knowledge-base/covid-19-emergency-financial-resources/
List Of Coronavirus (COVID-19) Small Business Loan And Grant Programs
https://www.forbes.com/sites/advisor/2020/04/10/list-of-coronavirus-covid-19-small-business-loan-and-grant-programs/#5ce02616cc4b
Florida
Under the Florida Small Business Emergency Bridge Loan Program, loans of up to $50,000 — $100,000 in certain special cases — are available to coronavirus-affected small businesses. The loans are meant to serve as short-term funding that can be repaid once businesses can access alternative funding. Loans are interest-free for one year; after that, the interest rate rises to 12%.
Who’s eligible: For-profit small businesses with two to 50 employees. Any previous bridge loans a business has taken out must be paid off.
How to apply: Submit an application by May 8, 2020, along with supporting documents including business tax returns, individual tax returns and employer tax documentation.
Strategic Credit Lines, SCL
New businesses can qualify for a small business startup loan. The most important factor to lenders will be your personal credit score: The higher the score, the better your chances of qualifying. This program is unsecured and requires no deposit or down payment. You can receive up to $250,000 at 0% interest for 12 to 24 months.
Business Term Loan
A business term loan is a lump sum loan that you pay back with regular repayments at a fixed interest rate over a set amount of time. Term loans can be used to finance a specific purchase, an investment or almost anything for your business. Terms can be from 2 to 10 years and rates vary depending on credit, time in business and business revenue/cash flow.
Self Directed 401K, IRA Rollover
Rollovers for Business Start-ups allow you to leverage existing retirement funds to invest in a small business or franchise — without incurring tax penalties or getting a loan. It’s one of the most efficient ways entrepreneurs can finance a business start-up, acquisition or expansion.
Equipment Financing
Equipment financing is a great way to purchase new or used equipment you need for your business. You can finance 100% of the equipments value and typically funds as fast as 2 days. Applying for an equipment loan is an easy way to purchase the finance of most types of equipment such as - Office phones, computers, pizza ovens, printing press, vehicles, and machinery.
Small Business Association, SBA
Without a doubt, Small Business Administration (SBA) loans are one of the best ways to finance your small business. They’re guaranteed by the federal agency, which allows lenders to offer them with flexible terms and low interest rates. Getting one can help you grow your business without taking on possibly crippling debt. Depending on which bank you are speaking with, there can be different criteria to qualify. That's why working with OrangeFi for your SBA loan makes sense. We work with several SBA banks and can match you with the best bank for your situation.
Merchant Cash Advance (MCAs) – This form of small business financing enables companies to borrow money against future credit card sales by advancing a lump sum of cash that is automatically paid back from their daily credit card transactions.
MCAs sidestep the typical traditional underwriting process by focusing on the merchant’s credit and debit card sales data. This is great for a small business with a high volume of credit card transactions and needs cash in a hurry but may be new, lacks assets, or has poor credit history necessary to obtain a traditional loan. On the downside, MCAs are probably the most expensive form of funding with APRs, in some instances, being upward to 200 percent. MCAs are not long-term loans, and payments are made from every transaction, so the merchant can experience a real cash crunch. Additionally, these arrangements may put limitations on the business, like binding them to their merchant processor or restricting the merchant from encouraging cash transactions.
Alternative Lenders – Primarily available online, these lenders fall into two types: direct finance companies that operate without a middleman, or peer to peer (P2P) platforms that connect the small business with a lender.
A small business will find many of the same financial products as traditional lenders, but with less paperwork and often much quicker turnaround. One of the most highly touted features of alternative lenders is speed from app to payout. However, this convenience comes at a cost with much higher rates than traditional and SBA backed options.
With online lenders, borrowers can expect little or no mentorship, which can be problematic to newer businesses. Online lenders can also have sticky penalties for prepayment or collateral. While alternative lenders are not the cheapest option, they have expanded access to capital for riskier businesses not well served by traditional lenders.
SBA Loans – Aside from disaster loans, SBA loans are like regular loans in that the borrower never deals with the government. The bank lends out its own money, and the loan is serviced by the bank. Behind the scenes, the government helps guarantee the loan, improving a small business’ odds of qualifying.
An inside scoop–just because a small business is not approved by one lender doesn’t mean it won’t be approved by another. SBA loans are great options for patient borrowers who have their records in order and are willing to go through the process. These programs are designed for start-ups and small businesses and generally offer more attractive rates, better terms, and less collateral than online lenders. SBA loans do take longer, require good credit, and can have complex program rules. But a small-business owner can find a variety of programs available, including micro loans and an express version of a standard loan term. The SBA offers Lender Match, a free service that prepares borrowers and connects them with SBA-approved lenders based on funding needs.
Traditional Lenders – Banks and credit unions typically offer the best rates compared to other financing options. They cater to larger, more established companies and offer the benefit of a professional banker relationship.
On the downside, a small business usually needs a strong business and personal credit score to get a loan or line of credit and can expect a long and arduous application process. Traditional lenders prefer to make larger loans; even a $250,000 loan may be too small. A small business may have a better chance getting a loan through a traditional lender by utilizing the SBA program.
Grants and Assistance
Coronavirus (COVID-19): Small Business Guidance & Loan Resources
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
Assistance for Small Business Owners Affected by COVID-19
https://www.opportunityfund.org/assistance-for-small-business-owners-affected-by-covid-19/
WE INVEST UP TO $1.75 MILLION IN SEED FUNDING
https://seedfund.nsf.gov/?utm_source=google&utm_medium=cpc&utm_campaign=psc&utm_term=keyword&utm_content=fast_funding
Where's the money? Most Americans still waiting for COVID-19 stimulus boost
https://abcnews.go.com/Politics/money-americans-waiting-covid-19-stimulus-boost/story?id=70066813
COVID-19 continues to impact people's ability to pay rent as May approaches
https://www.kvue.com/article/news/health/coronavirus/covid19-impact-ability-to-pay-rent/269-f8921729-3cbe-44f0-ae7c-89606b278838
COVID-19 continues to impact people's ability to pay rent as May approaches
https://www.nytimes.com/2020/04/10/magazine/coronavirus-economy-debate.html
- Strategic Business Lines of Credit
- Early Stage Funding - Seed Funding, Series A, B, C Funding
- Shelf Companies/Trade Lines
- Credit Repair
- Traditional Residential and Commercial Financing
- Hard Money Lending
- Alternative Investments - Marijuana, Hedge Funds, Private Equity, Real Estate
- Cash Advance
- Asset Transfer
- Mortgage Backed Notes (Security)
To learn more about each industry so you can understand the services click on the following links.
Lines of Credit - https://www.investopedia.com/articles/personal-finance/072913/basics-lines-credit.asp
Early Stage Funding - https://www.investopedia.com/articles/personal-finance/102015/series-b-c-funding-what-it-all-means-and-how-it-works.asp
Trade Lines - https://www.investopedia.com/terms/t/trade-line.asp
Shelf companies - https://en.wikipedia.org/wiki/Shelf_corporation
Hard Money Lending - https://www.investopedia.com/terms/h/hard_money_loan.asp
Credit Repair - https://www.investopedia.com/terms/credit-repair.asp
Real Estate Financing - https://www.investopedia.com/terms/c/commercial-real-estate-loan.asp
Cash Advance - https://www.investopedia.com/terms/c/cashadvance.asp
Asset Transfer - https://www.insuranceopedia.com/definition/831/asset-transfer
Mortgage Backed Notes (Security) - https://www.investopedia.com/terms/m/mbs.asp
Alternative Investments -
Marijuana - https://www.investopedia.com/marijuana-investing-4689782
Hedge Funds - https://www.investopedia.com/terms/h/hedgefund.asp
Private Equity - https://www.investopedia.com/terms/p/privateequity.asp
Venture Capital - https://www.investopedia.com/terms/v/venturecapital.asp
Real Estate - https://www.investopedia.com/terms/r/realestate.asp
Where can I find emergency financial resources to help with COVID-19 hardships?
https://grantspace.org/resources/knowledge-base/covid-19-emergency-financial-resources/
List Of Coronavirus (COVID-19) Small Business Loan And Grant Programs
https://www.forbes.com/sites/advisor/2020/04/10/list-of-coronavirus-covid-19-small-business-loan-and-grant-programs/#5ce02616cc4b
Florida
Under the Florida Small Business Emergency Bridge Loan Program, loans of up to $50,000 — $100,000 in certain special cases — are available to coronavirus-affected small businesses. The loans are meant to serve as short-term funding that can be repaid once businesses can access alternative funding. Loans are interest-free for one year; after that, the interest rate rises to 12%.
Who’s eligible: For-profit small businesses with two to 50 employees. Any previous bridge loans a business has taken out must be paid off.
How to apply: Submit an application by May 8, 2020, along with supporting documents including business tax returns, individual tax returns and employer tax documentation.
Strategic Credit Lines, SCL
New businesses can qualify for a small business startup loan. The most important factor to lenders will be your personal credit score: The higher the score, the better your chances of qualifying. This program is unsecured and requires no deposit or down payment. You can receive up to $250,000 at 0% interest for 12 to 24 months.
Business Term Loan
A business term loan is a lump sum loan that you pay back with regular repayments at a fixed interest rate over a set amount of time. Term loans can be used to finance a specific purchase, an investment or almost anything for your business. Terms can be from 2 to 10 years and rates vary depending on credit, time in business and business revenue/cash flow.
Self Directed 401K, IRA Rollover
Rollovers for Business Start-ups allow you to leverage existing retirement funds to invest in a small business or franchise — without incurring tax penalties or getting a loan. It’s one of the most efficient ways entrepreneurs can finance a business start-up, acquisition or expansion.
Equipment Financing
Equipment financing is a great way to purchase new or used equipment you need for your business. You can finance 100% of the equipments value and typically funds as fast as 2 days. Applying for an equipment loan is an easy way to purchase the finance of most types of equipment such as - Office phones, computers, pizza ovens, printing press, vehicles, and machinery.
Small Business Association, SBA
Without a doubt, Small Business Administration (SBA) loans are one of the best ways to finance your small business. They’re guaranteed by the federal agency, which allows lenders to offer them with flexible terms and low interest rates. Getting one can help you grow your business without taking on possibly crippling debt. Depending on which bank you are speaking with, there can be different criteria to qualify. That's why working with OrangeFi for your SBA loan makes sense. We work with several SBA banks and can match you with the best bank for your situation.
Merchant Cash Advance (MCAs) – This form of small business financing enables companies to borrow money against future credit card sales by advancing a lump sum of cash that is automatically paid back from their daily credit card transactions.
MCAs sidestep the typical traditional underwriting process by focusing on the merchant’s credit and debit card sales data. This is great for a small business with a high volume of credit card transactions and needs cash in a hurry but may be new, lacks assets, or has poor credit history necessary to obtain a traditional loan. On the downside, MCAs are probably the most expensive form of funding with APRs, in some instances, being upward to 200 percent. MCAs are not long-term loans, and payments are made from every transaction, so the merchant can experience a real cash crunch. Additionally, these arrangements may put limitations on the business, like binding them to their merchant processor or restricting the merchant from encouraging cash transactions.
Alternative Lenders – Primarily available online, these lenders fall into two types: direct finance companies that operate without a middleman, or peer to peer (P2P) platforms that connect the small business with a lender.
A small business will find many of the same financial products as traditional lenders, but with less paperwork and often much quicker turnaround. One of the most highly touted features of alternative lenders is speed from app to payout. However, this convenience comes at a cost with much higher rates than traditional and SBA backed options.
With online lenders, borrowers can expect little or no mentorship, which can be problematic to newer businesses. Online lenders can also have sticky penalties for prepayment or collateral. While alternative lenders are not the cheapest option, they have expanded access to capital for riskier businesses not well served by traditional lenders.
SBA Loans – Aside from disaster loans, SBA loans are like regular loans in that the borrower never deals with the government. The bank lends out its own money, and the loan is serviced by the bank. Behind the scenes, the government helps guarantee the loan, improving a small business’ odds of qualifying.
An inside scoop–just because a small business is not approved by one lender doesn’t mean it won’t be approved by another. SBA loans are great options for patient borrowers who have their records in order and are willing to go through the process. These programs are designed for start-ups and small businesses and generally offer more attractive rates, better terms, and less collateral than online lenders. SBA loans do take longer, require good credit, and can have complex program rules. But a small-business owner can find a variety of programs available, including micro loans and an express version of a standard loan term. The SBA offers Lender Match, a free service that prepares borrowers and connects them with SBA-approved lenders based on funding needs.
Traditional Lenders – Banks and credit unions typically offer the best rates compared to other financing options. They cater to larger, more established companies and offer the benefit of a professional banker relationship.
On the downside, a small business usually needs a strong business and personal credit score to get a loan or line of credit and can expect a long and arduous application process. Traditional lenders prefer to make larger loans; even a $250,000 loan may be too small. A small business may have a better chance getting a loan through a traditional lender by utilizing the SBA program.
Grants and Assistance
Coronavirus (COVID-19): Small Business Guidance & Loan Resources
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
Assistance for Small Business Owners Affected by COVID-19
https://www.opportunityfund.org/assistance-for-small-business-owners-affected-by-covid-19/
WE INVEST UP TO $1.75 MILLION IN SEED FUNDING
https://seedfund.nsf.gov/?utm_source=google&utm_medium=cpc&utm_campaign=psc&utm_term=keyword&utm_content=fast_funding
Where's the money? Most Americans still waiting for COVID-19 stimulus boost
https://abcnews.go.com/Politics/money-americans-waiting-covid-19-stimulus-boost/story?id=70066813
COVID-19 continues to impact people's ability to pay rent as May approaches
https://www.kvue.com/article/news/health/coronavirus/covid19-impact-ability-to-pay-rent/269-f8921729-3cbe-44f0-ae7c-89606b278838
COVID-19 continues to impact people's ability to pay rent as May approaches
https://www.nytimes.com/2020/04/10/magazine/coronavirus-economy-debate.html