Have a question?
You'll find the answer here.
Tree
Top and its affiliate work hard to make sure you feel comfortable when applying
for a business loan or line of credit. If you prefer to speak with someone
rather than sending in the prequalification form on line, feel free to call 724-454-7837.
Due to the success of this unsecured program, there can be hundreds of calls,
so the best way to contact us is to fill out our contact form with
any questions or inquiries you have. We will contact you as soon as possible.All businesses require capital to support its ongoing operations. Often the assets of a company are insufficient or cannot be used to collateralize a loan. In these cases, unsecured capital is used to meet the demands of the business. Properly structured, the cost of unsecured capital today is quite good typically as low as 3 - 7% above prime and is able to be used completely as the business sees fit.
What
is Unsecured Capital?
Unsecured capital
lending is a business loan or line of credit that is not secured by
business or personal assets. Unlike traditional banks financing, unsecured
financing does not require clients to secure the financing by placing a lien on
collateral. Unsecured Lines of Credit are based on the borrowers good credit
history not their current asset position. Cash Flow Unsecured loans are based
on the borrowers cash flow and not their current asset position.
What
is the difference between an unsecured loan and an unsecured line of credit?
An
unsecured loan has a set time period for repayment. An unsecured line of credit
can be paid off at your pace and can be used over and over. Tree Top offers
both programs.
Do
I need any collateral?
No,
This type of loan/line does not require any collateral to provide you the
capital you need for your business.
Do
I need to supply Tax Returns, W2 or financial information?
This
type of loan/line does not require any tax returns or financials to provide
your business with unsecured lines of credit. For our Cash Flow Unsecured Loan
program we will ask for verification of your cash flow in order to provide an
unsecured loan.
What
if my business is a startup?
We
will provide unsecured business
capital loans and startup business lines
of credit for brand new businesses and established businesses.
Are
there any restrictions on how I use the money?
No,
the capital provided can be used in anyway you want. Pay bills, purchase
equipment, purchase supplies, etc... The capital provided is completely and
totally Freely Spendable.
How
fast will funding occur?
If
you are approved for one of these programs funding will occur very quickly.
Unsecured Cash Flow loans can be funded in as little as 2 days after approval.
Unsecured Lines of Credit can be established in as little as 14 days after
approval into the program.
How
much money can I get?
For
start up unsecured lines of credit, each individual can get up to 75,000 in as
little as 14 - 30 days and additional lines of credit after an additional 30 -
60 days.For existing businesses unsecured lines of credit, each individual can get up to 150,000 in as little as 14 - 30 days and additional lines of credit after an additional 30 - 60 days.
Our lines of credit minimum level is $100,000.
For cash flow unsecured loans, each individual can receive up to 8 -10% of annual revenue in as little as 2 days after approval and the loan can be renewed at the end of the term.
Will
using unsecured capital for my business effect my personal credit?
No.
Your personal credit will not be affected unless you go into default.
Can
my partner use this program too?
Yes.
All your partners in the business are eligible. Each individual can receive a
line of credit of over $100,000 if they qualify for the program.
What
is the application process?
These
loans have a very easy application process. You will be guided through the
process by a personal business development officer.
1. Fill out a simple prequalification form.
2. Within 24 hours you will receive an
approval or a list of what you need to do to become approved.
3. Once approved you will be contacted by a
certified lending specialist to help you fill out a full application and
associated paperwork.
4. Your completed application will be
submitted to underwriting for final approval and funding.
What
are the requirements?
For
our unsecured business
lines of credit program we underwrite based on your personal credit profile. We
are able to offer large sums of money to startup companies and small businesses
because we have a very low historical default rate by adhering to a strong
personal credit profile for either the primary borrower or a credit partner for
each business. The following is our criteria for unsecured lines of credit:- FICO score of
720 or better
- No bankruptcies
or foreclosures
- No late payments
for 2 years
- 8 - 10 year
minimum credit history (3 - 4 terms loans (car loans and mortgages), and
3- 4credit cards with 10K + limits ideal)
- 20% or less
usage of credit card limits
- Corporate entity
with an Employer ID number (EIN#)
- Minimum of one
year in business
- Loan amount up
to 8 to 10 percent of your business's annual revenue
- 400K minimum
annual revenue
- FICO score of
500 or better
- Must furnish
bank and credit card processing statements for previous three months
- Loan can be renewed after completion of term
If
I don't meet the criteria, can I find a co-signer?
Yes,
we accept co-signers. If you have a co-signer that meets the requirements our
team will help you take the steps so that you are able to use them to acquire
capital for your business. Additionally, if you do not immediately qualify, our
experts will coach you on increasing your personal and business credit
worthiness, as well as provide reputable third party resources that can assist
you in becoming a qualified candidate for our products.
I
have great credit, why shouldn't I just go to my bank to get a credit line?
If
you are in the 1% of the population that can obtain funding from a bank, we
suggest you do so. However there are a couple of facts you may wish to consider
(1) The banks will typically require security ie collateral in the form of
deposits, real estate etc... You may not wish to encumber your assets (2) The
amount the banks will give businesses is typically a fraction of the lines that
we can establish (3) The banks have a tendency to close down your line without
notice when their lending parameters change or the bank credit portfolio is
audited (4) Most lenders report business credit lines to the personal credit
bureaus. This means that when you draw on the balance of the line, your
personal credit can drop anywhere from 20-100 points overnight. We have contacts with hundreds of lenders, each with unique lending trends, allowing us to optimize your financing mix so that you receive the most capital, with the lowest interest rate, as quickly as possible. We never require collateral and our lines do not report to the personal credit bureaus. Many banks refer their best clients to us.
Does
it cost anything to apply?
No,
there is no charge to apply. Tree Top is an entirely success based firm. We do
not charge any fees until we are successful at providing our clients unsecured
funding.
How
do I apply?
Simply
fill out the contact us form and a
representative will contact you and guide you through the process. Or fill out
the Prequalification Questionnaire on line and get started today.CLICK HERE TO GO TO THE PREQUALIFICATION FORM
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