Different business models, different financial products. Let’s see which works best for you.
We know all small businesses are different and operate in distinct ways, that’s why we have a number of different products to best help your business take advantage of additional capital. Our financial products are tailored specifically to your business needs, so your business can continue to move forward.
Term loans help your business with working capital for equipment needs, debt consolidation, etc. Your business receives money to use over a fixed period of time with fixed payments. These type of loans with fixed interest rates allow you to predict your payments and can help protect your cash flow while you benefit from the asset.
With a line of credit, your business will have working capital and cash available when you need it. Lines of credit provide a pool of money that you can tap as needed, and you pay interest only on the amount you use. It’s a revolving account, so as you pay back what you owe, you may borrow again up to your credit limit. This type of financing is usually used to cover short-term expenses, such as inventory or payroll.
A merchant cash advance is not a loan, but rather an advance based on the future revenue or credit card sales of a business. You will repay the advance using a portion of your daily credit card transactions. This type of program is a fast way of obtaining capital based on your businesses future receivables. A merchant can obtain access to hard cash in a fast manner for a higher cost.
This type of program purchases accounts receivable you’re owed and takes the worrying out of collecting from your clients. We pay upfront, a percentage of the outstanding invoice amount. We advance the difference back to you minus the agreed upon amount, the moment the full amount has been collected. It gives you quick access to funds you would normally take a long time to collect
