BANKROLL
Blue Tree Funding is incredibly proud of the latest addition to our product line, BANKROLL, The Ultimate Revolving Line of Credit!
Bankroll addresses the #1 concern of business owners everywhere who require the flexibility to access capital at a moment’s notice, while keeping their cash flow stable.
BANKROLL, The Ultimate Revolving Line of Credit.
Blue Tree Funding is incredibly proud of the latest addition to our product line, BANKROLL, The Ultimate Revolving Line of Credit! Bankroll addresses the #1 concern of business owners everywhere who require the flexibility to access capital at a moment’s notice, while keeping their cash flow stable. We do this by providing highest approvals (up to $1,000,000), a fixed loan term (up to 36 months), and a fixed weekly payment, PLUS the flexibility to pay down or borrow additional funds on an unlimited basis! You decide when you want to borrow, how much you want to borrow, the amount of your payment, and how long to keep the line open. You are in complete control based upon your business’s unique needs that may change over time. And, Bankroll provides early payoff without penalty anytime during the loan!
BANKROLL’S Industry-Leading Features:
- Revolving Line of credit approvals up to $1,000,000
- Max amortizing term up to 36 months with fixed weekly payments
- A revolving period of up to 1 year (52 weeks)
- Unlimited draws of $5,000 or more during the revolving period*
- Unlimited principal paydowns of $5,000 or more during the revolving period
- Every payment made and partial principal paydown frees up line availability
- Finance charges accrue and are collected weekly
- No minimum finance charges required
- Pay off or pay down your line of credit without penalty
- Closing points only charged on cash out
Max Approvals
Bankroll gives you access to your maximum approval of up to $1,000,000, and you only have to take a minimum initial loan amount of $5,000.
Max Repayment Terms
Bankroll also gives you access to the maximum loan amortization term of up to 36 months, resulting in low, fixed weekly payments.
Unlimited Draws & Paydowns
During your revolving period, you have the freedom to take unlimited draws or make unlimited partial principal paydowns of $5,000 or more.
Pay Off Anytime
With Bankroll, you’re in control. You can pay off your loan or make partial principal paydowns without penalties, maintenance fees or prepayment fees.
What is a Revolving Line of Credit?
A Revolving line of credit is very similar to a credit card. The lending institution grants you a maximum credit limit, which you can access for business purposes at any time during the revolving period up to one year. The revolving period represents how long the LOC will be available until a full re-underwriting is required. A minimum $5,000 loan balance is required at all times to keep the revolving period open. During the revolving period, you may take unlimited draws or make partial principal paydowns of $5,000 or more. Every weekly payment and partial principal paydown frees up your line’s available funds.
Use of Funds
At Blue Tree Funding, we understand the changing business landscape especially in the restaurant business. As such, small business owners use our revolving line of credit for a variety of business reasons. Revolving lines of credit are ideal for those operators who are experiencing strong performance, but need an injection of capital to take advantage of growth opportunities, without giving up equity. Owners know opportunities and/or issues can arise quickly and having a committed revolving line of credit allows them to be ready for the unexpected.
Here are some examples of how restaurant and small business owners use the funds:
- Equipment financing
- Purchasing inventory in bulk for volume discounts
- Renovations and remodels
- Expansion projects
- Pay for franchise obligations
- Take the leap and open another location
- Obtain a liquor license
- Operational capital for slow, seasonal periods
- Add catering and take-out services
- Upgrade your POS / Computer System
- Remodel your kitchen for maximum efficiency
- Buy out a business partner
- Invest in outdoor signage and landscaping
- Start a new advertising / marketing campaign
- Pay your business taxes
- Consolidate and pay off more expensive debt
Minimum Qualifications
Industry Type
We lend to more than just restaurants. Over the years we’ve expanded our list of approved industries.
Credit Score
You don’t need to have perfect credit to qualify for Bankroll. Business owners with an Equifax Credit Score of 551 or higher can qualify.
Time in Business
Applicant must own the business. The business must be open and operating under the same ownership for at least one month (30 days).
Annual Sales
Your business must generate a minimum of $17,000 per month in sales ($200,000 annually) from both credit card and cash.
Why Blue Tree Funding?
Blue Tree Funding prioritizes our clients needs so they can provide care to their patients to the absolute best of their ability. We offer flexible terms, payment options, asset management, and easy upgrades- unlike any other leasing or financing provider in the industry. Our goal is to help our clients fulfill the immediate needs of their practice while providing long-term support for the success and growth of their business.
