BankCard Services

Value Added Solution
SOHO Loan

SOHO Loan Program is reserved for U.S. Citizens or Permanent Residents conducting businesses in U.S.A.!

If you already are Bankcard Services merchant, then apply for up to $50,000 SBA insured SOHO loan.
By applying the loan thru Bankcard Services, you will save 30-percent or over $100.00 dollars instantly!

It's over $100 instant-savings, a special gift program designed solely for Bankcard Serivces customers!

If you are processing credit card payments thru other processors, don't worry, you can still apply for the SOHO loan with Bankcard Services. Apply today for both merchant account and SOHO loan, and save immediately!

Apply Now

Call 1.888.731.8144, and claim your instant $100 plus savings today!

Bankcard Services has been in the payment business for over 20 years, and we have developed special relationshops with many banks, and as a result, all of Bankcard Services merchants receive extra 30-percent discount on the SOHO loan application fees. This is a saving of well over $100 since other SOHO loan promotors are charging close to $475 per application. Why don't you take advantage of this special gitf from Bankcard Services, and apply for that precious working capitals.

SOHO (Small Office Home Office) Loans is a product developed by Bankcard Services to promote the Small Business Administration (SBA) Express Loan programs to provide financial assistance, capital access, and technical and management assistance to the underserved segment of the small business community.

This SOHO Loan program is only offered to U.S. Citizens and Permanent Residents.

SOHO Loan History

The SOHO (Small Office Home Office) loan is a product developed by the SBA (Small Business Administratio) loan program aimed to provide financial assistance, capital access, technical and management help to the underserved segments of the Small Business Community in the States.

In 2003, The United States Small Business Administration finally got the idea that small businesses make up a large and vital percentage of the American economy. After much lobbying by the US Chamber of Commerce and other national business organizations, the Congress passed a funding bill that included funds for a pilot program for what was termed the Small Office/Home Office Express Loan Program.

The pilot program lasted 6 months and was such a success that Congress provided funding for 5 more years and opened the program to SBA offices and participating banks throughout the country.

The program is basically an SBA insured loan through a participating bank at very low interest rates and with very little required from the person/business asking for the loan.

All loans need to go through a Technical Assistance Provider (TAP).

SOHO loans are for: U.S. Citizens or Permanent Residents conducting businesses in U.S.A.

· Low to moderate income individuals and/or businesses*
· Startups or existing businesses
· Women, Minorities and Veterans-owned businesses
· VETERANS may defer their first month payment for up to 90 days with NO interest added!

*Low to moderate income business (under $100,000 combined family income - the IRS reports approximately 90-percent of all American households earn under $100,000 per year)

The SOHO Loan Offers:

· Loan Amount: $5,000 to $50,000
· Payoff terms: 7 Years (or 84 months)
· Interest Rate: 4.75-percent above the prime rate
· Minimal Paperwork
· NO Collateral Needed
· NO Tax Returns Needed
· NO Pre-Payment Penalty
· NO Business Plan needed for loan under $50k
· Quick Turn-Around Time (less than 15 business days, in most cases, it's done under 7 working days)

Free Technical Assistance by a Technical Assistance Provider (TAP).

Items Needed for the Loan:

· DBA (Fictitious Business Name Statement)
· Article of Incorporation & Bylaws (for Corporations and LLC)
· Copy of your Drivers License
· Business Checking Account
· Employer Identification Number (EIN)
· Copy of your Social Security Card or Green Card
· Copy of your Experian Credit Report
· Signed application
· Loans cannot be cancelled once approved by the SBA.

Bankcard Service's SOHO Loan Package

Loan Amount

Approximate Monthly

Payment

Variable Rate

                   Term

  Packaging

Fee

                         SBA Gaurantee Fee

Deducted from Loan Funds

$5,000

$89

P 4.75

84 Months

$333

WAIVED !!!

$10,000

$178

P 4.75

84 Months

$333

$170

$15,000

$267

P 4.75

84 Months

$333

$225

$20,000

$356

P 4.75

84 Months

$333

$340

$25,000

$445

P 4.75

84 Months

$333

$425

$35,000

$595

P 3.25

84 Months

$333

$595

$50,000

$850

P 3.25

84 Months

$333

$850

There are a few requirements of this loan that must be met.

You must have a true business. A sole proprietorship, a partnership, an L.L.C. or a corporation.
You must be able to answer to all of the 6 questions on the Borrower Information Form.
If you were born outside the US, you must submit Proof of Citizenship.
If you are not a US citizen you must indicate the type of visa or alien registration, complete an INS Authorization form and submit a photocopy of both sides of your green card.
If you are a veteran, you must supply Proof Of Service with the application.

There is a $475.00 packaging fee payable with the application.
Bankcard Services merchants get instant 30-percent discount on this packaging fee!

The check for this fee must be on your business check. If you don't have a business checking account, get one and a letter from the bank that you have a business checking account, the account number and the banks address as well as a signature from a bank officer.

This check WILL NOT be cashed until you are approved and funded. If you are not approved, it will be voided and you owe us nothing.

Businesses not eligible for these loans will include:

A. Any business earning 30 or more of its revenue from gaming.
B. Non-profit Enterprises
C. Muli level marketing (i. e. Mary Kay, Herbal Life, etc.).
D. Speculative Real Estate
E. Adult oriented businesses (includes web sites, bookstores, clubs)

For SOHO Loan Application Forms, please call 1.888.731.8144

Technical Assistance

SBA views management and technical assistance as critical to the development, growth, and success of the potential borrower. The program is structured to ensure that borrowers receive appropriate pre- and post-loan closing management and technical assistance. This assistance is arranged for and paid by Bankcard Services and participating banks.