A financing option not considered by many small business owners who are in need of financing to expand or operate their business on an ongoing basis is a merchant cash advance. A merchant cash advance from can be a cheaper alternative to a payday loan or a cash advance from a personal or corporate credit card. A merchant cash advance is a perfect solution for a business owner who does not want to have to deal with remembering to make regular payments to a lender. Instead, a merchant cash advance allows the business owner to concentrate on running their business while the proceeds of the loan are automatically deducted from his or her credit and debit card receipts. A merchant cash advance also has the advantage that it does not require the small business to pledge any of his or her personal assets as collateral for the borrowed funds and typically does not require the small business owner to sign a personal guarantee of the loan proceeds. The loan proceeds are instead secured by the actual business’s credit card sales themselves.
What We Offer
Traditional term business loan
Just like a traditional bank loan, with a traditional-term business loan, you are lent a set amount upfront, which you pay back (along with fees) over a set period of time.
SBA loans are government-guaranteed, long-term loans made by SBA lenders that allow businesses who may have been turned down by the bank to receive low-interest rate loans that can be used for many business purposes.
With equipment financing, the lender will upfront you cash to help purchase the equipment outright. You then pay back the total amount lent, plus fees, for a set period of time.
Line of credit
With a business line of credit, a financial institution gives you a credit limit, or a maximum amount of capital you are able to draw on at any given time. Just like a credit card, you only pay interest on the amount you use.
Invoice financing allows you to sell your invoices to a lender, who will then upfront you a large majority of the invoice amount, holding a remaining percent (usually 20%) until the invoice is paid.
Short-term business loan
With a short-term business loan, you are lent a set amount upfront, which you quickly pay back (along with fees) over a short period of time.
Merchant cash advance
Merchant cash advance is a business loan where the lender up fronts you a set amount of cash and then you repay this advance (plus their fee) with a set percent of your daily credit card sales.
Our three startup loan products can help your young business get the capital needed to grow. These two products (business line of credit and equipment financing) are a more traditional form of startup capital and a great option if you have a strong personal credit score.
Personal loan for business
A lot of people don’t know that you can actually use a personal loan for business purposes. Personal loans are especially helpful for new businesses that don’t have a long financial history to show lenders. Personal loans can often have lower interest rates than some business loans, making it a great option for young companies looking for financing to grow their business.