If you own real estate, equipment, inventory or accounts receivable, we may be able to secure you a loan or some other type of financing against these assets. This is a perfect product for an expansion or acquisition of a business, where will take a few months for the increased revenue levels to appear.
A business line of credit is a flexible financing solution that allows you to have money waiting in the wings for when you need it most. It’s the perfect product for businesses that have a mismatch between their income and expenses and often sought out by inventory heavy businesses. About 2% of all applicants get approved for a line of credit.
This is very similar to a line of credit and ideal for businesses that wait to get paid by their customers or have a disfavorable mistmatch between their income and expenses. Although slightly more expensive than a line of credit, a factoring facility for invoice financing is not a loan, so the financing company (usually) takes the risk that your customer doesn’t pay.
The merchant cash advance is a great product for businesses who need bridge financing ahead of their busy season, or businesses in need of quick capital in order to remedy an emergency or act on an opportunity. This is also a good product for rapidly growing businesses with high margins and short cash life cycles. If your business doesn’t fit this description, it might not be a fit for you. Another update is that the repayment is custom tailored to the business and their is minimal documentation required to fund (i.e., deals get funded within 24-48 hours of application).