Here’s What We Provide
Merchant Cash Advance
A merchant cash advance gives a business access to capital fast to meet their business needs based on future credit card receivables. The way this business cash advance works is it gives a business access to funds in a fast and simple way in return for a portion of the business’s future revenue receivables at a discounted price.
Line of Credit
A line of credit is a flexible business financing option that allows quick access to a defined amount of working capital. The way it works is a business is approved for a set amount of credit and has access to that amount through a streamlined process which allows for quick and easy access to draw on the approved amount when needed. The full approved amount does not need to be drawn at one time, but rather you can choose to draw only the funds your business needs when needed up to the approved amount.
A bridge loan is short term loan that helps cover unexpected business costs while your business secures a long-term loan or permanent financing. This is ideal for businesses that need quick access to cash flow while in that time gap between applying for a long-term loan and receiving funds
Consolidation is a form of debt refinancing that entails taking out one loan to pay off many others. This convert many of your debts into one loan payment, simplifying how many payments you have to make. These offers also might be for lower interest rates than what you’re currently paying.
Equipment financing refers to a loan used to purchase business-related equipment, such as a restaurant oven, vehicle or copy machine. When you take out an equipment loan, you’ll need to make periodic payments that include interest and principal over a fixed term.
Invoice factoring is an advance where a business sells its invoices at a discounted price for immediate access to working capital. It can take anywhere from 30 to 90 days for most businesses to receive payments from their customers, which is a long time when you have immediate business needs and employees to pay. Therefore, for those businesses an invoice factoring advance would make the most sense so they may receive quick access to funds to meet those business needs.
The payment processor submits transactions to the appropriate card association, eventually reaching the issuing bank. Authorization requests are made to the issuing bank , including parameters like CVV, AVS validation and expiration date. The issuing bank approves or declines the transaction. Funds transfer from the customer’s credit account to a merchant’s account to make a purchase. This process can happen in person, over the phone, by mail or online.
Erc Tax Credit
The ERC is a refundable tax credit designed for businesses who continued paying employees while shutdown due to the COVID-19 pandemic or had significant declines in gross receipts from March 13, 2020 to December 31, 2021. We fund up to 80% LTV on an approved ERTC. Contact us to learn more !
A Small Business Administration Loan (“SBA Loan”) is a small business loan program administered by the Small Business Administration and is partially guaranteed by the government. This program works with other financial institutions to help give small businesses access to working capital that has longer terms and lower interest rates. Most businesses seeking working capital to purchase inventory, operate or expand a business can benefit from a SBA Loan.
Asset Based Loan
Asset-based loans allow businesses access to working capital through a loan secured by assets that the business has. This means that for this type of loan, the lender is collateralized with an asset (or assets) of the business borrower. Ultimately, this can allow for lower rates as this type of financing is considered less risky compared to unsecured lending. It is important to note that the more liquid the business asset is, the less risky the loan may be considered which can possibly mean lower rates.
A construction loan is a short-term loan that covers only the costs of building. This is different from a mortgage, and it’s considered specialty financing. Once the home is built, the prospective occupant must apply for a mortgage to pay for the completed home.
Property finance for developments are generally short term loans to cover the costs of converting an existing property or developing land into flats, houses in multiple occupation (HMOs), or alternate uses. It is normally advanced as a loan, secured against that property or land asset.