FINANCING Made Simple
At RENNIE FINANCE, we understand the unique financial needs of small and medium enterprises. Our comprehensive range of business loan options is tailored to support your specific goals—whether you’re expanding operations, upgrading equipment, managing cash flow, or exploring new markets. Enjoy competitive rates, flexible terms, and a streamlined application process, all designed to help your business thrive and achieve sustainable growth.
But we don’t stop there. RENNIE FINANCE also offers robust credit card processing solutions and health plans, providing your business with the tools it needs for holistic success. From managing transactions smoothly to ensuring the well-being of your employees, we’ve got you covered.
With RENNIE FINANCE, your financial success is within reach. Let’s grow together.
EQUIPMENT FINANCING
Equipment financing allows businesses to acquire necessary equipment without making a large upfront payment. Through equipment financing, businesses can obtain the equipment they need by making manageable monthly payments over a specified period.
TOP INDUSTRIES: Construction, Manufacturing, Trucking Trailers, Furniture Finishing Equipment, Medical
UNIQUE BENEFITS: Monthly Payments Available, Multi-year, Longer Terms, Low or NO Down Payment, Tax Benefits (Section 179)
UNDER $250K
- Funding Application
- Last 4 Months of Business Bank Statements
- Equipment Invoice
OVER $250K
- Last 3 Years of Business Tax Returns
- Business Debt Schedule
- Current YTD Bank Statements
- (Balance Sheet and P&L)
Who’s Eligible:
Minimum personal credit score is 580 with emphasis on depth of credit. Business credit score based on the Paydex score of 70 or above. For startups a minimum score of 680 is required as well as a mortgage reporting on the credit.
Who is not:
Restricted industries are airplanes, ships, boats, and firearms dealers.
OTHER QUALIFICATIONS
- No Minimum Time in Business,
- 580 +FICO Score,
- No Minimum Annual Gross Sales
FINANCING RANGE: $10,000 – $5 Million
TERMS: 1-5 YEARS FUNDING TIME: 1-5 DAYS
SBA MICROLOAN
The SBA Mircroloan provides up to $50,000 backed by the SBA. This Microloan can be used for working capital by making funds available for day-to-day operations, or to purchase equipment. This Microloan can be combined with the Line of Credit funding option for a powerful and affordable financial solution.
TOP INDUSTRIES THAT UTILIZE THIS FACILITY
- Construction
- Landscaping
- Engineering
- Mechanics
- Accounting
BENEFITS
- Longer repayment terms
- Helps preserve cashflow
- Competitive rates
- No prepayment penalty
KEY FEATURES
- Loan Amounts: Up to $5,000,000
- Term: Up to 5 years
- Funding: 1 – 5 Days
- Interest rate: Prime Plus
SBA LOAN
The Low Document Express SBA loan can be a game-changer for small businesses looking for financial assistance. This loan program is specifically designed to support and promote the growth of small businesses.
TOP INDUSTRIES THAT UTILIZE THIS FACILITY
- Professional services,
- Manufacturing,
- Auto Repair,
- E-Commerce, Medical
UNIQUE BENEFITS
- Fixed and Variable Options,
- Monthly Payments,
- Terms up to 25 Years,
- Prime Rates,
- Government-Backed Funds
UNDER $350K
- Funding Application
- Previous Year’s Business Tax Return
OVER $350K
- Last 4 Months of Business Bank Statements
- 2 Years Business Tax Returns
- Debt Schedule
- Personal Financial Statement
Interest Rate: Prime + 3.75%
Who’s Eligible:
Must have been in business for a minimum of 3 years. Must have more than $60k in annual gross revenue. Must have above a 675 credit score.
Who is not:
Restricted or generally risky industries. Startups, adult industries, airlines, regional airline companies. Auto dealerships, used car dealers, bitcoin companies, bus companies, churches, collection agencies, check cashing companies, bail bond companies, debt consolidation Companies.
QUALIFICATIONS
- 3 Years Time in Business,
- $60,000 in Annual Gross Sales,
- No Loss on Previous 2 Year Tax Returns
LOAN AMOUNT: Up To $5 Million TERMS: Up To 25 YEARS
FUNDING TIME: 90 – 120 DAYS
BUSINESS LINE OF CREDIT
Unlike a traditional loan, a Business Line of Credit gives businesses ready access to a predetermined amount of capital that they can draw upon as needed. This allows businesses to address short-term cash flow gaps, manage unexpected expenses, or seize new opportunities without the need to apply for a new loan each time.
BUSINESS LINE OF CREDIT
TOP INDUSTRIES THAT UTILIZE THIS FACILITY
- Construction,
- Manufacturing,
- Wholesale Distributor,
- E-Commerce, Medical
UNIQUE BENEFITS
- Only pay Interest on the Funds Drawn,
- Credit Available as Needed,
- Draw as Many Times as You Need,
- Fast Approvals
PAPERWORK NEEDED
UNDER $250K
- Funding Application
- Last 4 Months of Business Bank Statements
OVER $250K
- Previous Year Business Tax Return
- Current YTD Bank Statements (Balance Sheet and P&L)
Interest Rate: 18% – 22%
Who’s Eligible:
Must have been in business for a minimum of 6 months. Must have more than $60k in annual gross revenue. No major unsatisfied credit judgements. No minimum credit score.
Who is not:
Restricted or generally risky industries. Startups, adult industries, airlines, regional airline companies. Auto dealerships, used car dealers, bitcoin companies, bus companies, churches, collection agencies, check cashing companies, bail bond companies, debt consolidation companies.
QUALIFICATIONS
- 6 Months Time in business,
- 60,000 in Annual Gross Sales,
- No Minimum FICO
LOAN AMOUNT: $10,000 – $1,000,000
TERMS: 6 Months – 10 YEARS FUNDING TIME: 1-3 DAYS
ACCOUNTS RECEIVABLE FACTORING
Invoice factoring involves selling unpaid invoices to a third-party company, known as a factor, at a discounted rate. This allows businesses to access a significant portion of their accounts receivable immediately, rather than waiting for their customers to make payments. By converting unpaid invoices into immediate cash, businesses can meet their immediate financial obligations, such as paying suppliers, covering payroll, or investing in growth opportunities.
AR FINANCING
TOP INDUSTRIES THAT UTILIZE THIS FACILITY
- Construction,
- Manufacturing,
- Trucking,
- Medical
UNIQUE BENEFITS
- Low Cost,
- Longer Terms,
- Larger Amounts,
- Revolving Line of Credit
PAPERWORK NEEDED
- Funding Application,
- Invoices to Be Leveraged,
- Current Balance Sheet,
- AR/AP Aging Reports,
- Customer List
Who’s Eligible:
Unlike all the other business funding options this option is not based on the borrower but is based on the strength of the invoices and the strength of the business or government that will be paying them.
Who is not:
Restricted or generally risky industries. Startups, adult industries, airlines, regional airline companies. Auto dealerships, used car dealers, bitcoin companies, bus companies, churches, collection agencies, check cashing companies, bail bond companies, debt consolidation companies.
QUALIFICATIONS
- Aging AR Report Required,
- 600+FICO Score,
- $500,000 Annual Gross Sales
LOAN AMOUNTS: $10,000 – $5 MILLION
TERMS: 6 MONTHS- 10 YEARS FUNDING TIME: 2-5 DAYS
TERM LOAN
A term loan provides a fixed amount of money upfront, which the business can use for various purposes, such as expanding operations, purchasing equipment, or investing in new projects. Unlike a revolving line of credit, a term loan has a defined repayment period with regular instalments over a specified term.
TERM LOAN
TOP INDUSTRIES THAT UTILIZE THIS FACILITY
- Construction,
- Manufacturing,
- Auto Repair,
- Technology,
- E-Commerce
UNIQUE BENEFITS
- Traditional ARP,
- No Pre-Payment Penalties,
- Monthly Payments,
- Interest Rate Starting at 7.99% ARP,
- Funding in 1-3 days
PAPERWORK NEEDED
UNDER $250K
- Funding Application
- Last 4 Months of Business Bank Statements
OVER $250K
- Previous Year Business Tax Return
- Current YTD Bank Statements (Balance Sheet and P&L)
Who’s Eligible:
Must have been in business for a minimum of 3 months.
Must have more than $20k a month in revenue.
No major unsatisfied credit judgements.
Typically need above a 660 credit score.
Who is not:
Restricted or generally risky industries.
Startups, adult industries, airlines, regional airline companies. Auto dealerships, used car dealers, bitcoin companies, bus companies, churches. collection agencies, check cashing companies, bail bond companies, debt consolidation companies.
QUALIFICATIONS
- 2 Years Time in Business,
- No Bank Liens or Foreclosures in Last 3 Years,
- 660 + FICO Score
LOAN AMOUNT: $25,000 – $2 MILLION
TERMS: 1-5 YEARS FUNDING TIME: 1-3 DAYS
WORKING CAPITAL
Businesses can access capital quickly to take advantage of an opportunity. This loan is designed to provide businesses across all industries with the funding they need to grow and succeed. It can be used for a variety of purposes, including expanding to additional locations, purchasing equipment, or even buying another business. Additionally, this loan program can be used to refinance other higher rate financing options such as merchant cash advances, other loans, and credit cards.
BENEFITS
- Same day funding
- No minimum FICO score
- Flexible requirements
- Bad credit and liens/judgements are OK
KEY FEATURES
- Term: 2 to 5 years
- Funding: < 1 day
- Interest rate: Starting at 8.9%
The right credit card processor can provide significant savings for your business. By choosing a processor with better rates, no hidden fees, and improved services, you could save 3-5% on annual transaction costs and thus improve your bottom line.
Top industries
- Retail
- E-Commerce
- Hotels and resorts
- Restaurants and Bars
- Healthcare Providers
- Car dealerships
- Auto repair shops
- Service stations
- Subscription Services
Unique Benefits
- Reduced handling costs
- Reduced Processing fees
- Lower rates
- Lower Risk of Fraud
- Higher average transaction value
Qualifications:
No minimum qualifications required
*Obtain a proposal in less than 24 hours!
Revolutionize Your Employee Benefits with EHP
Welcome to the future of employee benefits! The Essentials Health Plan (EHP) is a game-changing solution designed to help businesses like yours enhance benefits while saving on costs. Say goodbye to the traditional, and hello to a better way to support your employees’ well-being.
Why Choose EHP?
Unparalleled Cost Savings:
EHP can potentially save your business up to $900 per employee yearly in FICA taxes. It’s a financial boost that can’t be ignored.
Effortless Workers’ Comp Savings:
Enjoy up to 30% savings in workers’ compensation costs while maintaining your current insurance carrier. Protect your employees and your bottom line.
Seamless ACA Compliance:
Stay compliant with ACA regulations, even for employees not enrolled in your current health insurance plan or cases where coverage isn’t provided. Let us handle the compliance details for you.
Top-Rated Insurers Nationwide:
EHP is backed by top-rated insurers across the country, ensuring that your employees receive the best coverage and support.
No Disruption to Existing Coverage:
Implement EHP seamlessly without changing your employees’ existing health insurance coverage. It’s hassle-free and convenient.
Comprehensive Amaze Wellness Program: As a bonus, EHP includes a comprehensive Amaze wellness program at no cost to your employees. Access doctors, mental health experts, nutritionists, and patient advocacy tools with ease.
Tailored Supplemental Options: Your employees have the freedom to choose from a menu of supplemental options, including dental, vision, life insurance, and hospital indemnity. Personalize their benefits to meet their unique needs.
How It Works
- Initial Consultation: We discuss your business’s specific needs and objectives.
- Customized Plan: We create a tailored EHP plan that aligns with your goals.
- Seamless Implementation: Our team ensures a smooth transition without disruption.
- Ongoing Support: We provide dedicated support and resources as you navigate EHP.
Ready to Get Started?
Have Questions?
What is equipment financing?
Equipment financing allows businesses to acquire necessary equipment without making a large upfront payment. Businesses make manageable monthly payments over a specified period to obtain the equipment they need.
SBA Microloan program?
The SBA Microloan program provides up to $50,000 backed by the SBA, which can be used for working capital or purchasing equipment. Benefits include longer repayment terms, preservation of cash flow, competitive rates, and no prepayment penalty.
What is a term loan?
A term loan provides a fixed amount of money upfront, to be repaid in regular installments over a specified term for various purposes such as expanding operations or purchasing equipment.
What is a working capital loan?
A working capital loan provides businesses with quick access to capital for various purposes, such as expanding operations or refinancing higher rate financing options. Benefits include same-day funding, no minimum FICO score, flexible requirements, and approval despite bad credit and liens/judgments.