WORKING CAPITAL

Working Capital is an amount of money borrowed from a bank or other lender and used by a business for money to keep operations going and pay business bills during the down time or start-up period for a new business, when income is usually less than expenses. For many new businesses, having enough working capital means the difference between the success and failure of the business.

Working capital is a liquidity/cash concept. A business might show a "profit," but if it cannot maintain a positive cash position (that is, having money in the bank to pay bills each month), the business cannot continue to operate.

We Have The Capital You Need!

Get Your Business Cash Today. We offer following options

Sales Lease Back

This is when an asset/equipment is sold to a “Lessor” (lender) and the “Lessor” immediately leases the property back to the Lessee. This arrangement allows the Lessee to make full use of the asset/equipment while not having capital tied up in the asset. Leasebacks sometimes may provide tax benefits. Asset/Equipment must have minimum quick-sale value of $10,000 each

• Loan Amount: $10,000.00 to $300,000.00 or more
• Credit Needed: Poor/Bellow Average/Fair
• Time in Business: Any/ Start-up to well established
• Documentation: Proof of Purchase/free ownership, Bank Statements
• Home Ownership: NO
• Term: 24 to 60 months
• Funding Time: 3 to 5 Business days

Merchant Cash Advance

Merchant Cash Advance is NOT a business loan, but rather, a cash advance. A merchant cash advance can get money relatively quickly with low documentation. The advance works by basing any advance on the future amount of credit card sales your business will be doing, and then purchasing these receivables. Funding usually occurs within 7-10 business day.

• Loan Amount: $15,000.00 to $500,000.00 or more
• Credit Needed: Poor/Bellow Average/Fair
• Time in Business: 6 months to well established
• Documentation: 6 months of Merchant Statements, Bank Statements
• Home Ownership: NO
• Term: 6 to 18 months
• Funding Time: 7 to 10 Business days


Account Receivable Financing “Factoring”

Accounts receivable financing (sometimes called factoring) gives you immediate access to cash from the sales you’ve already made, so you can keep moving your business forward. You keep making sales, without taking on additional debt or giving up any ownership. And if you cannot qualify for bank financing, accounts receivable financing can be the difference between success and failure.

• Loan Amount: $20,000.00 to $500,000.00 or more
• Credit Needed: Bellow Average/Fair/Good
• Time in Business: 24 months to well established
• Documentation: Invoices, Bank Statements
• Home Ownership: NO
• Term: 6 to 24 months
• Funding Time: 5 to 10 Business days


Real Estate Property line-of-equity

Unfortunately, it is much more difficult for an entrepreneur to get this type of financing, especially if there are credit issues with the business that have bled over onto a personal credit report. Another reason this option is less certain than it used to be is because of the fact that Real Estate has lost a significant amount of value in the last 3 years, meaning there is less equity to make a new loan. However, if you think you have a lot of equity and good to great credit, this may be a real option for you. Time to get funds using this method usually would be at least 30- 45 days, if not more. Also, you may have to pay out of pocket for an appraisal on your property.

• Loan Amount: $50,000.00 to $1,000,000.00 or more
• Credit Needed: Good/Excellent
• Time in Business: N/A
• Documentation: Appraisals, Title/Lien Search, Tax Returns, etc.
• Home Ownership: YES
• Term: 12 to 120 months
• Funding Time: 30 to 45 days

SBA Loans

Getting a business loan backed by the Small Business Administration “SBA” may be good way to go because the rates and terms are usually the most affordable for your business over the long term. However it is still difficult to qualify for an SBA loan, especially if your loan amount is high. You will need good credit, large amount of documentation such as business plans, financials, etc in order to have your loan considered. Also remember that your time to get the money may be at least 45 to 60 days or more.

• Loan Amount: $25,000.00 to $100,000.00
• Credit Requirement: Above Average / Good / Excellent
• Home Ownership: NO (preferred)
• Term: 24 to 60 months
• Funding Time: 45 to 60+ days


Contact us today about our Working Capital, Cash Advance Programs and other services.