You have questions. wE have answers.
Gun Manufacturing Loan
Probably not. There are a few exceptions but we think you are a piece of shit if you don’t pay for your child. If you are not even willing to pay to support your own flesh and blood, what are the chances you will pay GU Loans back
We use risk-based pricing. This means we have the ability to approve virtually any business. Rates start at 2.1% APR and are adjusted depending on the risk of default. Of course, most clients would like to estimate their rate prior to applying. Unfortunately, due to the complexity of business loans, it is not possible to estimate rates or payments without completing a credit application. It would be a disservice for any lender to tell you their lowest rate, when they have no idea if you can actually qualify for it.
While the majority of the risk (and thus the interest rate) is determined by your company’s credit standing, numerous other factors affect your APR and payments. These factors include personal and business credit scores, prior payment history, depth of credit, amount of debt, age of credit, number of credit lines, type of equipment, industry, criminal record, child support, bankruptcies, repossessions, foreclosures, judgements, length of time in business, revenue, profit, retained earnings, down payment amount, value of assets, and many others.
The majority of the loans we provide require no down payment. There are some programs that require a small down payment. The exact amount required varies and is determined by numerous factors, including business credit, personal credit, time in business, depth of credit, revenue, profit, cash reserves, and many others.
There are virtually unlimited kinds of commercial equipment out there, and we finance them all. It is extremely rare for us to reject any type of equipment. If it is legal in your jurisdiction, we can finance it.
Yes! In most cases, we are able to finance used equipment. Ask your finance professional for more details.
Term lengths tend to vary, depending on the program. The most common term we provide is five years. The longest loan term available is seven years.
Yes! We have several options for brand new companies, including pre-revenue companies. We can even provide loans to companies the same day they are incorporated.
Definitely! We know that most businesses experience a rough patch at one point or another and are sometimes not able to pay their bills on time. We love to help businesses recover from tough situations. Many of our long-term clients started off with various situations that caused them to be turned down by several banks prior to us providing the financing they needed. We use risk-based pricing, which allows at-risk businesses to get money when they need it most.
In a lot of cases, the only document we require is a driver’s license. If you are not able to provide bank statements or tax returns, we can still help you obtain your loan. Talk to your loan officer about your unique situation.
Yes! While not every loan is available to businesses with no credit, we provide several alternative financing options that allow for businesses and owners without a prior credit history.
We do not provide personal loans. However, there are some personal credit card options available for you. We may be able to help you get approved for a credit card through one of our affiliates.
We have been helping businesses grow and prosper by providing commercial funding solutions for over a decade.
Most likely not. However, we can help you get financed once you bring your past-due child support down to an acceptable amount. Please talk to your loan officer for more specifics.
We are both a licensed lender and a licensed broker. This means that if we cannot help our clients directly, we can use our inter-banking relationships with over 300 financial institutions to seamlessly arrange financing for your company.
We do them all! There are simply too many options to list. If it is business related financing, the chances are we can help you. Talk to your loan officer about your unique situation.
Some of the financing we provide qualifies for section 179 tax breaks. We do not provide tax advice and strongly recommend talking to your CPA about your particular situation. Your loan officer can then answer any questions you or your CPA may have, in order to help determine the best financing options for your company.
Our parent headquarters are located in Michigan. The main address is: GU Loans, 100 Galleria Officentre, suite 420, Southfield, MI 48034.
We provide financing in all 50 states and some parts of Canada. Due to local regulations, some financing products may not be available in all areas.
There are three main options. 1. Over the phone 2. Online at this web site 3. At the vendor from whom you are purchasing the equipment
Our approval times are extremely fast. The exact time depends on the type of loan you are trying to obtain. Some approvals are instant, while others may take a few hours.
Yes, but not always. Please consult your loan officer to see if your request qualifies.
Yes! We will finance virtually any commercial property in the United States. Our company also provides financing for investor residential properties, such as rentals and fix-and-flips. However, we will not provide financing for any property in which the owner resides.
Yes! We can finance virtually any commercial equipment. Our Company has hundreds of equipment financing programs to fit the needs of your business.
Yes! We have numerous loan products available that do not require collateral.
Banks tend to have complex guidelines that are designed to help only very strong, low-risk businesses. While we provide these types of loans as well – and typically at a rate lower than your local bank – we also have an extremely diverse portfolio of programs that are risk-based and individually tailored. This means we can almost always help you when your bank cannot.
We literally have hundreds of programs. Each one is specifically designed to fit particular credit scenarios or equipment types. There is no one best loan option that works for every situation. You should, therefore, schedule a free consultation with one of our loan officers to find out which option is best for you.
Yes! We have loan programs that require no payment for up to 120 days.
Yes! We offer several programs for both nonprofits and religious institutions.
No! However, many vendors refer their clients to us, in order to provide their clients with easily obtainable financing, great rates, and the best customer service in the industry. So if your vendor referred you to us, there is a good reason for that!
We are not owned by the bank that referred you to us. Many banks know they cannot help every client because of the highly restrictive guidelines under which banks are forced to operate. Sometimes the only way the loan officer or your bank can help you is by referring you to our company. We are honored every time a competitor refers their client to us.