Business Funding Product Guidelines

At Elephant Mind, we take pride in offering a wide selection of quality products from trusted brands. All our products can be delivered to you within 2-3 business days.
We also collaborate with a trusted partner who has over 20 years of experience in the lending industry, helping thousands of small businesses secure funding.
If you have any questions about our products or would like more information, please contact us at [email protected] or call us at
(973) 755-5332 to schedule an appointment with our underwriter.

Merchant Cash Advance* Requirements:

This type of funding can be beneficial for businesses that rely on credit card transactions. 

  • Funding Amount Up to $500,000
  • Terms 24 to 60 months
    Rates Starting as low as 6%
    Funding Speed Within 14 days
  • Qualifications
    - FICO score of 480 or higher
    - Minimum of 2 months in business
    - Minimum monthly revenue of $3,000
    - Must have a business bank account
  • Complete business bank statements for the last four months
  • Complete Merchant Statements for the last four months (if you do not process credit cards disregard)
  • Funding in 2 – 5 business days
  • One-page application

Merchant Cash Advance and Monthly Payment Business Line of Credit

  • FICO Score 580 or higher
  • Minimum Time in Business 12 months
  • Minimum Monthly Revenue $15,000
  • Business Bank Account Required
  • One-page Application
  • 6 Months of Complete Business Bank Statements

Documentation Needed:

  • 2 Years of Business Tax Returns
  • 1 Year of Personal Tax Returns
  • Current Year Financials
  • Profit & Loss Statement
  • Approval Process:
  • Approvals in a few days

LOW FICO SCORE FOR MANY PROGRAMS

  • No Collateral Required Approvals In a few days
  • Bankruptcies and Tax Liens Accepted with a repayment plan
  • Funds Available In as little as 1 day
  • Time in Business - Minimum 3 months
  • One Page Application
  • Low FICO Score**: Available for many programs

Application Requirements:

  • 4 Months of Business Bank Statements** (must process cards)
  • 4 Months of Merchant Statements** (only if your business processes cards)

Funding Uses:

  • Purchase Inventory
  • Hire Additional Staff
  • Marketing Efforts
  • Payroll
  • Business Expansion

Capital Availability:

  • $3,000 to $5,000,000 in funding

Easy Application Process:
USE THE FUNDS TO GROW YOUR BUSINESS

  • Business Loan Products
  • Merchant Cash Advance Products
  • Business Line of Credit
  • Invoice Factoring
  • Monthly Payment Products
  • Equipment Financing
  • Commercial Refinancing

Key Features of Alternative Commercial Financing
Wide Eligibility: Almost all types of commercial properties are eligible, including:

  • Apartment Building
  • Office Building
  • Retail Spaces
  • Mixed-Use Developments
  • Hotels and Motels
  • Recreational Facilities
  • Childcare Centers
  • Religious Institutions (Churches)
  • Beauty Salons
  • Auto Repair and Body Shops
  • Funeral Homes
  • Office Warehouses
  • Mobile Home Parks
  • Storage Facilities
  • Real Estate: Stated Commercial Loan Program - Offers loans ranging from $50K to $5M, ideal for commercial real estate investments.
  • NOO Residential (Non-Owner Occupied) - This program provides loans between $150K and $2M for residential properties, covering bridge, rehab, and permanent financing.
  • SBA 7(a) Unrestricted - Loans from $250K to $5M are available for both real estate and business purposes, offering flexibility in use.
  • Private Money Business Loan - These loans range from $5K to $2M and are based on revenue, catering to businesses in need of quick funding.
  • Third Party Lending Platform - This platform offers loans from $350K to over $10M, suitable for conventional, bridge, and construction financing needs.
  • With access to over 100 lenders, investors, and venture capitalists, you have a robust network to support various financing needs.