We Can Now Lend to More Industry Types

 You know us as the #1 lender to restaurant and hospitality businesses, but many of our partners ask, “have you considered lending to more industry types?” The answer is yes. We’ve recently created a new loan product specifically designed for businesses other than restaurants. Below is an expanded list of the business types we can now lend to.

Professional Services

Accountants
Advertising/Public Relations
Architectural Services
Cleaning Services
Engineers
Legal Services
Printing & Publishing

Manufacturing

Chemical & Related Manufacturing
Drug Manufacturing
Electronics Manufacturing & Equipment
Food Products Manufacturing
Pharmaceutical Manufacturing
Steel Production/Steel Fabricators
Industrial Equipment Manufacturing

Wholesale

Beer, Wine & Liquor
Computer Software
Food Processing & Sales
Food Stores
Meat Processing & Products
Medical Equipment
Medical Supplies
Nutritional & Dietary Supplements

Retail Sales

ATV/Golf Cart Dealers
Cable & Satellite TV Production & Distribution
Communications/Electronics
Energy & Natural Resources
Medical Equipment & Supplies
Newspaper, Magazine & Book Publishing
Online Retailers
Tractor & Lawn Mower Sales

ARF Loan vs. Merchant Cash Advance

RATES UP TO 36% LOWER THAN INDUSTRY AVERAGE

Most businesses have limited choices when it comes to obtaining capital. The most common is a merchant cash advance (MCA). As shown in the table below, a business loan from ARF Financial is far superior to a merchant cash advance!

ARF Loan for Expanded Portfolio
Typical Merchant Cash Advance
Rate = 1.25 (annualized = 25%) Rate = 1.35 to 1.40 (annualized = 47% to 70%)
Fixed term = 12 to 36 months Variable term = 6 to 9 months
Loan amount based on total sales (cash & credit card) Advance amount based on credit card sales only
Fixed weekly payments Daily variable payments
Flex Pay – 50% principal deferment into the future for lower payments now No
Line of Credit = Yes, up to 5 drafts for 6 months No
Early payoff options are available No
Interest paid is tax deductible No

Minimum Requirements

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Time in Business

Business must be open and operating for at least 2 years under the same ownership.

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Annual Sales

Business must generate at least $200,000 in net annual sales.

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Credit Score

Guarantor’s Equifax credit score must be 601 or higher.

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Bankruptcy

Bankruptcies whether business or personal must be discharged for 12 months or more.

Other Requirements:

Loan amount is capped at 7.5% of net annual sales. Business cannot have more than 7 NSFs in the current month. Tax liens cannot equal 20% or more of monthly sales. Lease must be current if applicable. Click here for a list of prohibited industry types.