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PLATINUM1 FINANCIAL

is a provider of financial business services. Our highly professional team provides solutions and ideas to business owners.  Platinum1 Financial is always there to provide any help and valuable advice our customers may need. We treat our customers as partners, so they decide how extensive our services should be.

 
The purpose of Platinum1 Financial is to provide our customers alternative working capital while ensuring good values and commitment that build long-term partner relationships. We have several options by which businesses can obtain alternative working capital for expansion, inventory, or other business needs.  Our goal is to provide our customers with superior service that builds a long term relationship. 

 

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PLATINUM1 FINANCIAL

STARTER ADVANCES

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Sep-01-2010
Starter Advance

 Starter Advances:

Applicants with less then a year in business and credit challenged applicants (i.e. tax lien issues, credit score as low as 500, and mortgage issues). We can provide 50% of their average monthly credit card sales and the funding can range form $10K to $30K. Merchants must switch their processors to ours. Business Status with Landlord, however, must be in good standing along with business vendors. Basically, we are lowering on this program the applicants credit requirements, but, we want to see that the business itself, is doing ok.

           

General Requirements for Starter Advances

  • In Business – Less the 1 year (3 months minimum)
  • Credit Score – Minimum 500
  • Average monthly credit card sales - $10,000
  • Average monthly revenue sales (CC & Cash) – $10,000 or more

 

FEATURED SERVICE

BUSINESS CASH ADVANCE

 

Our strength is Business Cash Advance.  Due to the current economic climate, and with banks having more stringent lending guidelines, many small-medium size business owners are finding it rather difficult to obtain a traditional bank loans. Because of these conditions they are forced to seek out alternative sources of funding to keep their businesses operating.

 

A Business Cash Advance is a "UNSECURED ADVANCE" and allows a business owner to borrow cash against their average monthly credit card sales and cash flow. The funds are paid back via an automated process by which the lender retrieves a fixed percentage from the credit card sales of the business.

BUSINESS NEWS

How To Establish Business Credit
 

WHAT WE DO

Platinum1 Financial was created out of a need to assist business owners with their lending needs. We are committed to delivering fast, efficient capabilities to our customers in an easy-to-use suite of product offerings, designed to fit the needs of any business owner.

 
We offer the following loans/cashs advances:
 

Standard Advances –

Applicants with more then a year in business. We can provide up to 125% of their average monthly credit card sales and the funding can range form $10K to $300K. Merchants has the option to switch processors to ours.     
 
Hospitality Loans -
This loan program is highly targeted to restaurants / bars / franchisees and liquor stores. Loans start at $15K to $500K; based on total gross sales of merchant. Loan is based on applicant’s credit, time in business, and other factors.  Fixed weekly re-payments for 26, 420, 52, 78 weeks are available

 

 

The ideal customer that will receive BEST rates and longest terms are:

  • ·        In business at least 3 years or more
  • ·        Yearly Revenue – $750,000
  • ·        Loan of at least $50K or more
  • ·        Home ownership

 

Terms: (Fixed Payments)

  • ·        Loans over $50K – 52 & 78 weeks
  • ·        Loans under $50K – 26 & 40 weeks