Financing Designed for Business Reality
Emergencies and unprecedented growth can bring monetary demands you’re not ready for. Get the quick funding source to have your back and help you thrive in a fast-paced market.
Invoice Factoring
While some wait time between the delivery of orders and payment by clients is standard, it can affect a business’s progress. Many businesses rely on clients’ payments to cover operational costs. However, a 30 to 90 days wait time might be too much when you have urgent supplies to bring in for fulfillment of other orders. Factoring helps you solve this problem by giving you what you’re owed, all without adding debt to your balance sheet.
Factoring is not precisely a loan. What it does is let you sell your accounts receivable in return for a percentage of the account value. This is done through a factor who pays you the percentage of the account value and later receives the client’s payment directly. After recovering their costs plus a fee, they will send whatever excess is left to you.
You can factor multiple accounts for the same client or factor a combination of invoices from different clients. Our process is simple and straightforward. Once your documents are together, upload them to the factor’s online platform and wait for approval. You can get approved in as little as minutes and get the funding you need within 24 hours.
Sale-Leaseback
Some companies rely on equipment to function —businesses like that experience a decline in operation when their equipment needs to be repaired or upgraded. And with the huge upfront costs of high-end equipment, existing equipment might need to be sold to finance an upgrade. A lack of working capital can also push a business to sell its equipment, causing a slowdown in progress. With a sale-leaseback, you get to keep using your equipment after getting paid for its value.
A sale-leaseback lets you sell your company’s equipment and lease it back from the buyer through a subsequent lease agreement. You won’t be required to change your business’s location either. You simply pay a monthly charge and keep your business running. When the equipment needs a repair or replacement, the new owner gets to take care of it.
Why struggle with funds when you can quickly leverage the equipment you have? Talk to us today and let our professionals guide you.
Lines of Credit
Many businesses rely on a seasonal sales cycle. For instance, retail suppliers experience low sales in summer and get a bump in sales at the end of the year. For landscapers, the case is different as their peak is usually in the springtime, while winter is always a lull. Businesses like ski resorts, farms, and recreational centers all operate on a seasonal revenue cycle. But regardless of a business’s peak season, expenses keep coming all year long.
If you run any of such businesses, you need a reliable source of financing to cover expenses like rent, utilities, and subscriptions. A business line of credit offers you that without any hassle. A line will be kept open for you with a specific limit. So, whenever you need cash, you can take from it up to the set limit. When your business is back in good season, you can repay the loans and free up your balance for a stronger borrowing power.
You can either secure a line on your business’s assets like real estate, equipment, and shares or get an unsecured line if you qualify. Let us help you determine which line of credit will benefit your business the most.
Hard Money Loans
With a hard money loan, you can secure financing on your business’s assets. Assets like real estate, equipment, and inventory can be used as collateral for a loan. So if you have high-value equipment, you can use it to generate cash in return for a percentage of the current market value. You can use the money to cover most expenses, from everyday operations to special projects. Then, when you get more capital pumped into your business, you can repay the loan.
Hard money loans make an excellent solution for short-term financing needs. In as little as 24 hours, your loan application can be approved, and you can get the cash disbursed to you. Since you are offering your asset as collateral, your credit standing does not directly influence a hard money lender’s decision to give you funding. So, even with damaged credit, you have a good chance of securing hard money financing. Fill out our contact form and get the ball rolling.
Alternatives. If working capital isn’t what you’re looking for, try:
SBA 7(a) & 504 Loans
An SBA loan is an excellent option for real estate, equipment, construction, and working capital. If you own a small business and have had difficulties getting financing from other sources, this is a good fit as it is tailored for small businesses.
Bridge Loans
To Qualify
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Fill out our contact form and tell us about yourself and your business plans. It’s straightforward so we can help you move forward quickly.
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Work with one of our professional brokers and explore the financial options that fit your needs and goals.
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Once you choose a financial option, we will kickstart the loan application. We’ll help you navigate the process so that it’s easy for you.