| This program is designed for dealers
who have an established business and want to use their recurring
revenue to obtain a single cash advance in an amount no less than
$100,000. Term loans are often used to acquire accounts or buyout
partners.
The Term loan works as follows:
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Single advance is made with level monthly payments of principal
and interest beginning the following month with repayment terms
of three to five years available. A short interest only period
or longer amortization periods may be available on a case by
case basis. |
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The loan advance multiple is up to 20-24 times (including
recurring revenue resulting from a financed acquisition). |
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Criticom bills accounts advanced against in your name. You
have continuous online access to subscriber account information. |
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Cash collected from subscribers is used to cover the cost
of billing and to make the required level payments of principal
and interest. Excess cash is returned to you each month. |
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