Mammoth Funding offers a range of financial solutions, each tailored to meet different client needs, with a focus on efficiency and accessibility. Here’s an overview of how each program works:

1. Minimum FICO Score Requirement: For all our loan programs, clients need to have a FICO score of 680 or higher. This credit score requirement ensures that we cater to clients with a good credit history, maintaining a standard of financial responsibility and stability.

2. No Doc Loans: These loans are ideal for clients seeking a quick and less cumbersome process. They typically offer approval amounts ranging from $50,000 to $250,000. The key feature of these loans is that they require minimal documentation, making the approval process faster and more convenient for clients who may not have extensive financial records at hand.

3. Full Doc Loans: For clients who can provide comprehensive documentation, our full doc loans offer higher funding amounts, ranging from $250,000 to $1 million. These loans are designed for clients who require significant funding and are able to substantiate their financial status through complete documentation such as income verification, asset documentation, etc.

4. SBA Loans: The Small Business Administration (SBA) loans range from $50,000 to $750,000. These loans are particularly suited for small business owners and entrepreneurs. They typically have a longer processing time compared to our other loan programs, as they involve more stringent documentation and approval processes. However, they are a popular choice due to their favorable terms and lower interest rates.

5. Merchant Cash Advances: Ranging from $10,000 to $1 million, these advances are based on future credit card sales. They are an excellent option for businesses with a high volume of credit card transactions. Merchant cash advances provide quick access to capital, with repayments made through a percentage of future credit card sales. This program is particularly beneficial for businesses looking for a flexible repayment structure aligned with their sales volume.

Each of these programs is designed with our clients’ diverse financial needs in mind, offering a range of options to suit different scenarios. Our team at Mammoth Funding is dedicated to guiding clients through the selection process, ensuring you choose the loan program that best fits your unique financial situation.

Preparing for funding with Mammoth Funding involves a detailed, client-focused process to ensure that you are well-informed and ready for each step. Here’s how we guide our clients from initial inquiry to receiving funding:

1. Initial Consultation:
– Your journey begins with a one-on-one consultation with a Mammoth Funding expert.
– We discuss your financial needs, goals, and the specifics of your business or personal financial situation.
– This step helps us understand which of our loan products – No Doc Loans, Full Doc Loans, SBA Loans, or Merchant Cash Advances – would best suit your needs.

2. Credit Score Review:
– We evaluate your credit history, focusing on a FICO score of 680 or higher.
– If your score is below this threshold, we provide advice on how to improve it to meet our requirements.

3. Document Preparation:
– For Full Doc Loans and SBA Loans, we assist you in gathering all necessary documentation. This can include financial statements, tax returns, business plans, and any other relevant paperwork.
– For No Doc Loans and Merchant Cash Advances, we minimize the paperwork requirement, focusing instead on the essential documents.

4. Application Process:
– We guide you through completing the loan application, ensuring that all information is accurate and complete.
– Our team is available to answer any questions and clarify any doubts during this process.

5. Loan Selection and Tailoring:
– Based on the information provided and your financial needs, we help select the most suitable loan type.
– We tailor the loan terms, such as amount, interest rate, and repayment schedule, to fit your specific situation.

6. Approval Process:
– Once the application is submitted, we keep you updated on its status.
– For quicker approvals like No Doc Loans and Merchant Cash Advances, this process is relatively fast.
– SBA Loans and Full Doc Loans might take longer due to more comprehensive reviews.

7. Finalizing the Loan:
– After approval, we go over the loan agreement with you, ensuring you understand all terms and conditions.
– We explain the repayment schedule, interest rates, and any fees associated with the loan.

8. Funding:
– Upon agreement, the loan amount is disbursed as per the method agreed upon (lump sum, line of credit, etc.).
– For Merchant Cash Advances, the advance is typically a lump sum, with repayments based on future credit card sales.

9. Post-Funding Support:
– After the loan is disbursed, our team remains available to assist with any post-funding questions or needs.
– We offer guidance on managing the loan, making payments, and any other financial advice related to the loan.

Throughout this process, Mammoth Funding prioritizes transparent communication, personalized guidance, and a commitment to ensuring that you are confident and well-prepared at every step. Our goal is to make the funding process as smooth and straightforward as possible, while also providing the financial solutions that best match your requirements.

Securing funding is a pivotal step for small businesses, and understanding the various financing options is crucial for making informed decisions. This is where Mammoth Funding stands out, offering a streamlined and simplified approach to navigating the complex financial landscape.

1. Personalized Guidance in Funding Options:
Small business owners often face the challenge of choosing the right funding option that aligns with their unique needs and goals. Mammoth Funding addresses this by providing expert guidance, ensuring that entrepreneurs are well-informed about each option, from traditional bank loans and SBA loans to innovative solutions like crowdfunding and merchant cash advances.

2. Simplifying Traditional Loan Processes:
For those considering traditional bank loans, Mammoth Funding simplifies this often daunting process. With our extensive network of lenders and experienced underwriters, we ensure a smoother, more efficient loan application and approval process, reducing the time and stress typically involved in securing bank financing.

3. Tailored Solutions with SBA Loans:
Small Business Administration (SBA) loans are known for favorable terms but can involve complex application procedures. Mammoth Funding’s expertise in SBA loans helps small businesses navigate these intricacies, increasing their chances of approval and accessing government-backed financial support.

4. Access to a Wide Range of Investors:
Venture capital and angel investment can be game-changers for high-potential businesses. Mammoth Funding connects entrepreneurs with a broad network of investors, opening doors to significant funding and valuable business expertise.

5. Embracing Innovative Crowdfunding Strategies:
Crowdfunding is revolutionizing how small businesses raise capital. Mammoth Funding assists businesses in leveraging these platforms effectively, ensuring they present their ideas compellingly to attract a wide range of investors.

6. Quick and Flexible Financing Options:
For businesses needing rapid access to funds, Mammoth Funding’s connections with alternative lenders and merchant cash advance providers offer a lifeline. These flexible financing options are tailored to businesses with varying revenue streams or those not qualifying for traditional loans.

7. Navigating Grants and Niche Financing:
Navigating the world of business grants and niche financing can be brutally overwhelming. We help businesses identify and apply for these opportunities, enhancing their chances of securing non-repayable funding for specific projects or sectors.

Choosing Mammoth Funding means partnering with a team that not only understands the diverse funding needs of small businesses but also excels in simplifying and streamlining the process. Our extensive network of lenders, BRM’s underwriters, and financial experts ensures that you receive tailored, efficient, and comprehensive financial solutions, paving the way for your business’s growth and success. With Mammoth Funding, navigating the financial landscape becomes less of a challenge and more of an opportunity.

The amount of funding a client receives, is determined by a combination of factors. These factors ensure that the loan is not only manageable for the client but also aligns with the lender’s risk management policies. Here are some key factors that play a crucial role:

1. Credit Score:
– One of the primary factors is the client’s credit score.
– A higher FICO score (680 or above as required by Mammoth Funding) generally indicates lower credit risk, which can lead to higher loan amounts being approved.
– It reflects the client’s creditworthiness based on their credit history, including payment history, amounts owed, length of credit history, new credit, and credit mix.

2. Credit Depth:
– This refers to the length and diversity of the client’s credit history.
– A longer and more varied credit history can demonstrate the client’s ability to manage different types of credit responsibly.
– Lenders often look favorably upon clients who have successfully managed various types of credit, such as credit cards, car loans, and mortgages over a significant period.

3. Income and Debt-to-Income Ratio:
– The client’s income level and debt-to-income (DTI) ratio are critical in determining loan amounts.
– A higher income may lead to a larger loan offer, as it indicates the client’s ability to repay.
– The DTI ratio, which compares the client’s total monthly debts to their monthly income, is also assessed. A lower DTI ratio suggests a better capacity to manage and repay additional debt.

4. Nature of Documentation (Docs or No Docs):
– The choice between No Doc Loans and Full Doc Loans also influences the loan amount.
– No Doc Loans, requiring minimal documentation, usually cater to smaller loan amounts (typically between $50k and $250k) due to the higher risk associated with less financial information.
– Full Doc Loans, which require comprehensive documentation, can lead to higher loan amounts (up to $1 million) as they provide a more detailed picture of the client’s financial status.

5. Business Performance (For Business Loans With Docs):
– For business loans with Docs, the performance and health of the business are vital factors.
– This includes revenue, profitability, cash flow, and the business’s growth trajectory.
– Positive business metrics can lead to larger loan amounts as they indicate the business’s ability to repay the loan.

6. Collateral:
– Some loans, especially those with higher amounts, may require collateral.
– Collateral can include business assets, personal assets, or real estate, providing security to the lender and potentially leading to larger loan amounts.

7. Industry and Market Conditions:
– The industry in which the business operates and current market conditions can also impact the loan amount.
– Certain industries may be deemed as higher risk, while others might be more stable or growing, influencing the lender’s decision.

8. Use of Funds:
– The intended use of the loan can also be a determining factor.
– Loans for purposes such as expansion, purchasing equipment, or refinancing existing debts might be viewed differently compared to other uses.

Each of these factors is weighed to determine not only the eligibility for a loan but also the appropriate amount that can be safely borrowed and responsibly repaid. Mammoth Funding, with its expertise and client-focused approach, carefully evaluates these aspects to offer the most suitable and sustainable financial solutions to its clients.