At Monarch Finance Solutions, we are intentional about the services we provide to small to medium sized business owners, nationally. We want our clients to walk away feeling like they have found solutions; at Monarch we work strategically and analytically to secure the right funding solution for the applicant. That's why we pre-qualify our clients with a simple phone call and application, thus the potential borrower can speak to a live agent before submitting a full application. This alleviate the unknown variable that many borrowers feel when they submit a fintech based application with no human contact to guide the applicant through the process. At Monarch we couple technology with human contact, so that you can have a live consultant every step of the way until your application is submitted and decisioned.
The programs below are the most popular services clients tend to select. These programs cover most business purposes, from working capital, to equipment purchase, to business acquisitions, and even commercial real estate purchase. We also offer a debt consolidation/modification program that provides an exit strategy for business owners who need to restructure MCA debt. Additional program include fix n flip investment loan programs, Cannabis loan programs, revenue-based small business loans designed for minorities in business, church financing, and securities-based lending.
The 7(a) program is the most widely used SBA loan. It can fund all types of business uses such as commercial real estate, working capital, equipment, inventory, and even construction. It is priced based on WSJP and the loan is made by the lender and guaranteed by the Small Business Administration. Most industries qualify for SBA loans, however certain restrictions apply such as businesses involved with gambling, pawn shops, insurance companies (except agent offices) and a few others. Monarch can help you determine if you and your business qualify for an SBA loan. SBA loans have a $5MM loan limit. SBA program allows for 100% financing under certain circumstance, however most lenders require a down payment of at least 10% for existing business and real estate purchase and up to 20% for other types of transactions. Refinance of debt allows for 100% financing in most cases. To prequalify, complete our pre-qualification form and a member of our team will reach out to you to discuss the project.
504 loans are available through Certified Development Companies (CDCs), SBA's community-based partners who regulate nonprofits and promote economic development within their communities. CDCs are certified and regulated by the SBA. The maximum loan amount for a 504 loan is $5 million. For certain energy projects, the borrower can receive a 504 loan for up to $5.5 million per project, for up to three projects not to exceed $16.5 million total. 504 loans are used for commercial real estate transactions and allow for 10% down payment. These loans are often coupled with a SBA 7(a) companion loan for uses that are not eligible under the program such as working capital.
If your business involves a product or service being exported to other countries, you may want to look into this program. Don't be afraid to go global with your business, contact a local SBA office or USEAC for additional support. Monarch can pair you with a lender that will fund your business' global endeavors.
Some applicants are in the start-up phase and cannot qualify for SBA funding or other alternative programs. In this scenario, if a principal owner has a FICO score of at least 680, and at least $50,000 of verifiable annual income, we can get approvals for loans as small as $5,000 to $125,000.
Principals who own free and clear real estate assets or who have marketable securities in eligible accounts, may qualify to leverage these assets to obtain working capital for business use. Loan amounts depend on collateral value and loan to value criteria.
Small business owners can sell their future credit receipts to obtain quick working capital, this is called a cash advance or merchant cash advance loan. You can be funded in as little as 7 days. It is important to use this funding vehicle in a responsible way. We do not permit stacking.
When you join Monarch Business Capital, you are armed with unprecedented and uncapped resources that small business owners need to sustain growth.
I just want to say "Thank you" to Xiomara for assisting my partner and I secured an SBA loan which was very much needed to expand our business venture. She was professional, knowledgeable, and thorough throughout the process, which was smooth and speedy. We definitely intend to keep and continue the partnership with Xiomara for future business expansion...
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Monarch Business Capital, Inc.
3424 Peachtree Road NE
Suite 2200
Atlanta, GA. 30326
The first step to getting started, the potential business applicant needs to complete a pre-qualification form. The form asks for a few pieces of information, so please note some personal information will need to be entered into the form. You will need to have an idea of the loan amount needed and the purpose of the loan. If you don't have at least that much, please do not fill out the form. Your credit score must be at least 680 for most programs, except for the debt restructure program, that does not require a specific credit score.
No! We are paid by the lending partners or via loan pricing (interest rates). The only time an applicant is charged a fee is if they choose to receive technical assistance for their SBA loan application. Technical assistance is an optional service provided by SBA Direct.
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Loan payment details are provided at closing and a payment coupon will be sent by the lender soon after closing. Do not send loan payments to Monarch Finance Solutions.