Who says you can't get low-cost start-up capital without collateral? B&O Funding Sources Inc. has arranged for banks and other lenders to provide entrepreneurs unsecured, simple-interest loans with no pre-payment penalties. Unsecured loan amounts range from $3,000 to $25,000.
There's one catch: funds are available only to affiliates of 40 B&O clients--franchisors, distributors and vending-machine business opportunities. "They're expansion-oriented companies seeking affiliates across the country," says B&O CEO Guy L. James, who founded the Boca Raton, Florida, firm last January. "We check out each company carefully before accepting them as clients, then we source start-up capital for their affiliates."
The process gives entrepreneurs easy access to funds based solely on their creditworthiness. Unsecured loans, with interest rates of 12 percent to 16 percent for up to 45 months, may be used to pay for equipment, machinery, merchandise, supplies and shipping. For a list of B&O clients, call (561) 347-9150.
B & O Funding Sources, Inc., fax: (561) 347-9229
Big E-Z Bookkeeping Co., 37637 Five Mile Rd., #217, Livonia, MI 48154
Billex, P.O. Box 39988, Los Angeles, CA 90039, email@example.com
NEBS, (888) 228-6327, http://www.nebs.com