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The 86 Group is a boutique capital advisory firm that was founded to provide small to mid-sized businesses with affordable financing options that are outside of the comfort level of a traditional bank. We have access to over 50 lenders to make certain that you receive the best financing solution available to you.
The 86 Group has successfully matched financing for companies that have:
· Experienced rapid growth
· Early stage
· Negative net income
· Bad credit
· Breaching bank covenant
· Being exited by a bank
· Undergoing corporate turnaround/restructuring
· Tax lien issues
Our mission is to ensure that our clients have access to the financing options that best fit their needs and financial goals.
Leverage your business assets to receive financing in a form of a revolving line of credit.
Here are five core assets that a business can leverage:
LINE AMOUNT: $250,000 – $15,000,000
ADVANCE AMOUNT: 90% +
APR RATE: Prime + 1% annually
TIME IN BUSINESS: 1+ year
ANNUAL REVENUE: $1,000,000 +
A traditional business term loan is a lump sum of capital that you pay back with regular repayments at a fixed interest rate for a fixed period of time, typically be one to five years long. Most business owners use the proceeds of term loans to finance a specific, one-off investment for their business.
AMOUNT: – $100,000 +
TERM: 3 – 120 months
RATES: 8% +
Sell your invoices for immediate working capital. The finance company buys your invoices and provides you with an immediate payment. This payment provides funds to run operations and grow the business. Factoring is commonly used by start-ups, and small to midsize companies.
ADVANCE AMOUNT: Up to 97%
MONTHLY RATE: .72% +
TIME IN BUSINESS: 1 month +
ANNUAL REVENUE: $200,000 +
ADVANCE AMOUNT: $75,000 LOAN TO VALUE: Up to 80%
TERMS: Up to 30 years
INTEREST RATE: 4.35% +
If you have consistent accounts receivable (healthcare, construction, etc.) you can leverage your receivables to receive working capital financing.
AMOUNT: $100,000 – $10,000,000
ADVANCE AMOUNT: Up to 85%
MONTHLY RATES: 1.75% +
Purchase Order Financing can be used to pay for 100% of the direct cost of presold goods including logistics, duties, labor and overhead. Financing can be structured in the form of cash, credit and commercial letters of credit.
To pay for presold goods and inventory purchased from domestic and overseas suppliers.
To support domestic manufacturers sourcing of raw materials and payment of direct manufacturing labor and overhead costs.
To acquire and manufacture supplies and equipment for domestic and foreign governments
To purchase technology hardware and software from original equipment manufacturers and authorized distributors to be sold by value added distributors.