Do you need
funding to grow
Umbrella Local provides small businesses with UNSECURED as well as SECURED financing. We can help you buy inventory and equipment, hire employees, acquire a competitor’s assets, or pay for a strategic marketing program to increase sales.
The 3 Golden Questions
If you can answer YES to any of these questions, we can help with up to $500,000 in unsecured financing.
Do you have a 680 credit rating or higher? If not, do you have someone who can apply for you who does?
Do you have a business that has been generating more than $15,000 per month in revenues with at least 6 months in business?
Do you or does someone willing to apply have $40,000 or more in an IRA or 401k account that is NOT with a current employer?
Revenue-Based Loans and Advances
Is your business generating revenue but it lacks credit history? You may be able to get a loan or advance ranging from $10,000 to $1 million. We judge the health of your business based on your cash flow – not just credit scores. Our in-depth understanding of small businesses means that we can provide capital to businesses as quickly as 48 business hours with little documentation.
Through our partner banks, our Franchise Funding options offer fast, in-house approvals with streamlined documentation and closing processes. Creative loan structures are available with terms up to 25 years. Rates vary from 6.25% to 7.25%* (*Loans have a variable rate of Prime Rate plus 2.75% to 3.75%).
Looking to buy a business or take your profitable business to the next level? Established businesses with tax returns that show good cash flow can get extensive funding. All come with incredibly low interest rates of 6%-8% and generous payback terms of 10 – 25 years. Our processing team will hold your hand from packaging to funding. SBA Loans typically take two weeks to two months to fund, but they offer the highest loan amounts and best interest rates.
Retirement Assets-Based Funding
A Business Directed Retirement Account (BDRA) allows you to invest your retirement assets directly into your new or existing business without any penalties or taxable distributions. With this program, you can start or expand your business debt-free, allowing you to reach profitability faster with no loans, no banks and no credit checks.
We provide up to $500K per loan.
We provide both unsecured and secured loans.
To be eligible for an unsecured loan, you will need to qualify under one of the following requirements:
Have a 680+ credit score or have a verified income, or have a spouse that meets one of these requirements.
There are additional details you need to be aware of. Please connect with us to book a full review of your options with an expert financing advisor.
Usually, the terms are as follows:
Loan Terms: 3, 5 or 7 years
Rates: High-single, low-double digits (6-12% on average)
Prepayment Penalty: None
Time to fund: Typically 2-4 weeks after we receive an executed agreement
This information does not guarantee to provide a loan on these terms.
We provide all types of startup business loans, unsecured and secured, including lines of credit and credit cards.
We craft the best financing strategy for our clients based on their needs and status.
I wanted to tell you what a pleasure it was working with Randolph and his Umbrella Local team on the SEO needs of our company. As an upstart business, it was important to get our name out into the marketplace in a cost-effective manner and you successfully got us into the Google 3 pack. I can’t thank you enough Randolph and I highly recommend that anyone that wants to increase their business revenue work with you and your team.
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