Types of Loans

Types of Loans

Need small business financing but do not want to put personal collateral on the line? Unsecured loans can protect your assets and get you into business. We have two solutions for unsecured funding. Our Term Loan Program and our ULOC Program.

Many financial institutions are hesitant to offer loans without having some type of collateral — a car, boat, property, etc. But unsecured loans can provide up to $500,000, per individual, in small business financing without personal collateral required from the business owner. What is more, the funding process is fast — most loans close within three weeks or less.

Term Loan Program

Obtaining the funding needed to start your business can seem like a daunting task. It is not, with our help. We will guide you through the steps needed to ensure your business has the capital required to get off the ground and stay off. One of the more common ways that start-ups and newer businesses are getting funding is through our Working Capital Term Loan Program. With our detailed knowledge of the banking industry, we can help you to start acquiring credit for your business within 5-10 days!

Basic Qualifications

  • Funding Amounts from $30,000 up to $500,000
  • Free Consultation
  • 3 – 7 Year Terms Available
  • Interest Rates starting as low as 5.95%
  • Based on Personal Credit & Qualified Income

ULOC Program (Unsecured Line of Credit)

Unsecured loans can be thought of as a small business credit card. They consist of multiple, revolving lines of credit, available from $25,000 – $50,000. The funds can be used for working capital, marketing, payroll, franchise fees, equipment, or for that extra cushion should the need ever arise. There is no use of proceeds requirements.

Rather than relying on collateral to secure the loan, lenders look at the borrower’s creditworthiness to determine eligibility, making those with high credit scores and a solid credit history the best candidates for these small business lines of credit. Because no collateral is required, interest rates for unsecured loans are usually higher compared to SBA loans or other forms of small business financing.

To qualify for an unsecured loan, here is what you will need:

  • 690+ credit score
  • Credit utilization rate below 50 percent
  • Minimal credit inquiries (no more than two per bureau in the last six months)
  • No recent derogatory comments on credit report (bill collectors, late payments, tax liens or judgments, etc.)

If you think you might be a good candidate for an unsecured loan, call 888-555-1234 to speak with one of our financing consultants. In less than five minutes, they can pre-qualify you for a small business line of credit and put you on the fast track to entrepreneurship.

Why choose us?

Our unsecured loan clients secure an average of $104,000 in small business financing over 45 days. We are experts in helping you access the capital you need to buy and build your small business or franchise. We strive to make the journey to financing as smooth as possible, allowing you to invest your energy in your new venture rather than minute details.


Today many people are choosing to preserve their cash and obtain funding in other ways. One popular funding option is to access traditional IRAs or 401K funds (from a prior employer). If you have retirement funds and you have not yet paid taxes on those funds, you can use them towards the investment of a business. This can be for both new as well as for an existing business (for recapitalization). You are in control and you determine how much of your funds you would like to invest in your franchise or business.

Funding that allows for you to invest your retirement dollars into your business without tax or penalty. It’s not a loan, you’re not borrowing against your retirement, not required to pay it back. It allows your business to start DEBT FREE & CASH RICH.

Certified Business Plan

The executive level business plan is designed specifically to exceed lender underwriting guidelines, perfect for guaranteed SBA programs.

The business plan is about 25-30 pages in length, includes color charts and graphs and consists of the following components:

    • Executive Outline and Financial Summary
    • Company Structure and Shareholder Description
    • Product and/or Services Descriptions
    • Market and Industry Analysis and Research (completed by in-house Research Team)
    • Marketing Plan with Key Objectives
    • Full 3 Year Financial Projection (Pro Forma) Including: Sales Forecast- Profit Statements, Profit & Loss, Balance Sheet, Cash Flow, Balance Sheet, Break Even Analysis, Funding Requirements, and Use of Proceeds

SBA 7(a) Program

SBA 7(a) loans are the most basic and most used type loan of SBA’s business loan programs.

Its name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to American Small Businesses. In 1932 President Herbert Hoover founded a government guarantee program in response to the pressures of the Great Depression and World War II. A government guarantee was offered to lenders so they would have incentive to lend! The spirit of the original program, now the U.S. Small Business Administration (the SBA), remains in place: To alleviate the plight of businesses and to rebuild Main Street America.

All 7(a) loans are provided by lenders who are called participants because they participate with SBA in the 7(a) programs. Not all lenders choose to participate, but most American banks do. There are also some non-bank lenders who participate with SBA in the 7(a) program which expands the availability of lenders making loans under SBA guidelines.

What SBA Seeks in a Loan Application:
To get a 7(a) loan, the applicant must first be eligible. Repayment ability from the cash flow of the business is a primary consideration in the SBA loan decision process but good character, management capability, collateral, and owner’s equity contribution are also important considerations. All owners of 20 percent or more are required to personally guarantee SBA loans.

Eligibility Criteria:
All applicants must be eligible to be considered for a 7(a) loan. The eligibility requirements are designed to be as broad as possible in order that this lending program can accommodate the most diverse variety of small business financing needs. All businesses that are considered for financing under SBA 7(a) loan program must: meet SBA size standards, be for-profit, not already have the internal resources (business or personal) to provide the financing and be able to demonstrate repayment. Certain variations of SBA 7(a) loan program may also require additional eligibility criteria. Special purpose programs will identify those additional criteria.

Eligibility factors for all 7(a) loans include: size, type of business, use of proceeds, and the availability of funds from other sources.

Character Considerations:
SBA must determine if the principals of each applicant firm have historically shown the willingness and ability to pay their debts and whether they abided by the laws of their community. The Agency must know if there are any factors which impact on these issues. Therefore, a “Statement of Personal History” is obtained from each principal.

Other Aspects of The Basic 7(a) Loan Program:
In addition to credit and eligibility criteria, an applicant should be aware of the general types of terms and conditions they can expect if SBA is involved in the financial assistance. The specific terms of SBA loans are negotiated between an applicant and the participating financial institution, subject to the requirements of SBA.

LLC/Corporation Business Formation  

We provide a service that guides entrepreneurs through the process of securing the necessary funding to start their own business or expand their current business enterprise.

AllCap is not tied to one funding option or lender. Our goal is to provide candidates with financial safety by using the least amount of their personal liquidity and personal collateral. With AllCap Funding as your advocate we guide your project through funding. We save you time, energy, and promote opportunity. We take out the mystery and turn process into progress. Small business financing requires a complex blend of skills and relationships. Our decades of business experience give you the advantage! Obtaining financing can be one of the single most difficult tasks in the journey. We are here to fit all the puzzle pieces together. AllCap Funding is the single source for all funding needs required in a Start-Up Business or for an Existing Business, either Franchise or Independent. Financial Institutions of all multiplicity are sourced during the process. Using those institutions, we explore all SBA products, Commercial and Retail Lending products, Equipment Leasing, and 401(k)/IRA Rollovers to name a few. A Business Plan is the first step to ensuring success and is required from the very beginning. The Executive Level Business Plan is one of the items on our menu of services and has been developed as a highly successful tool. Your Business Plan is guaranteed to exceed all lender-underwriting guidelines. DCV guarantees every business plan we write. Please contact us to schedule a DCV representative for a speaking engagement or webinar presentation about SBA Lending, writing a Strong Plan for Growth, Solving the Mystery of Franchise Funding, or other similar topics to enhance your even

Equipment Leasing

There are two basic equipment leasing programs; one is for small-ticket leasing which is for equipment costs up to $30,000 and big-ticket leasing for $30,000 and up.

In addition to the raw equipment cost, “soft-costs” are also allowed to be included in the lease. Soft Costs include and are not limited to installation, training, the initial warranty extension and even shipping and tax!

There are traditional “Lease to Own” lease types. These leases provide a combination of lower, fixed monthly payments with a guarantee to purchase the equipment at the termination of the lease for $1.00. The four types are called “$1 Buyout”, Capital Lease, Finance Lease or Bargain Purchase Lease. Typical lease terms are two to five years, usually somewhat less than the useful life of the equipment. Nearly always this term is longer than a normal loan period from a borrowing source, resulting in lower monthly payments. Lease payments are often treated as fully deductible expenses. This may mean a more rapid write off to you. Because the lease term is generally shorter than the depreciable life, payments can be expensed in a shorter duration. There is never a problem leasing used equipment, except computers and copiers. You will find that leasing costs are far less than other methods of acquiring the equipment you need. Most importantly, with leasing you can get the equipment you need now without disturbing your Working Capital!