Business Financing
Equipment Financing
Looking to purchase new equipment? Or would you like to use the equipment you already own to get some cash? You can get the financing you need with a multi-year term and low monthly payments. Equipment Financing can take anywhere from 2-4 weeks to complete. Required documents include the most recent tax return, up-to-date financial statements, and an equipment schedule or detailed list of the equipment you wish to purchase.
Invoice Factoring
Instead of waiting for outstanding invoices to be paid, get an advance against those invoices and get the cash you need right away. No need to make any payments. You just pay a small percentage on the invoice when it gets paid. Easy application process, and approval within 7-10 business days. Required documents include some sample invoices and a list of all clients you wish to factor invoices from.
Term Loan
Use your assets as collateral to secure a loan with a low monthly payment over a long term. Minimum loan amount is $500,000. This process can take 4-6 weeks to complete. Required documents include multiple years of tax returns, financial statements, current debt schedule and projections.
Line of Credit
Get the peace of mind knowing that you have cash available whenever you need it. With a business line of credit, you can get approved for up to $100,000 within 48 hours. Draw as much or as little as you need. Pay only for you what you use. Factors that contribute to the rate and terms of the credit line include your overall business score and personal credit. With either weekly or monthly payments, this is an important resource to have at your disposal. Minimal documents required.
Merchant Cash Advance
When you simply must have access to capital quickly, a Merchant Cash Advance can be the right solution for your business. You only need to provide a simple application and a few months of business bank statements, and you can get approved within 24-48 hours.
Unlike other business loans, a Merchant Cash Advance is Unsecured. That means you do not need to put up any collateral in order to get funding. A Merchant Cash Advance is intended to be used as a Bridge loan, providing you with the capital you need to accomplish a specific objective, or to hold you over while you arrange for more long-term financing. Therefore, while the term can be as long as 36 months, the average Merchant Cast Advance will be 12 months or less.
Merchant Cash Advances are considerably easier to obtain than any other form of business financing. Depending on the dollar amount, it is possible to secure an advance without any other documentation besides an application and bank statements.
