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
Attorney or Law Firm
Cleaning Services
Doctors & Other Healthcare Professionals
Printing & Publishing

Manufacturing

Chemical & Related Manufacturing
Clothing 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
Clothing Stores
Communications/Electronics
Convenience Stores
Energy & Natural Resources
Newspaper, Magazine & Book Publishing
Online Retailers

ARF Unsecured 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, an unsecured business loan from ARF Financial is far superior to a merchant cash advance!

ARF Loan for Expanded Portfolio
Typical Merchant Cash Advance
Rate = 1.30 (annualized = 30%) Rate = 1.35 to 1.40 (annualized = 47% to 70%)
Fixed term = 12 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 – 25% 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 Loan Requirements

Time in Buisness

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

Annual Sales

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

Credit Score

Guarantor’s Equifax Beacon score must be 600 or higher.

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.