Lines of credit are an exceptional tool for any growing business. Think about it as a credit card for your business that can provide you cash whenever you need it for any purpose you may have (without charging for cash advances like a typical credit card). Your business is only charged interest based on what is used, not interest on the total amount of the available funds as in a term loan. For example, you may have a $150,000 line of credit for your business that you could draw from (transfer to your bank account) as needed and simply pay for what is utilized. At times these lines of credit can be secured by business assets, but there are also compelling line of credit options available for new businesses that are based on individual credit.
Transaction Size you can do: $5,000 to $30,000,00 or more
(over $150k based upon asset collateral)
Approval Time: 24 hours – 1 week
Business term loans are one of the most common ways for businesses to fund their growth for a variety of needs. Term loans generally involve the borrower receiving a lump sum and making principle and interest payments over a given term (typically 3-5 years).
Transaction Size: $10,000 to $2,500,000
Funding Time: 48 hours to several weeks (depending on type of term loan)
Merchant cash advances are not loans but instead a business-to-business transaction that involves the selling of a company’s future credit card sales or a portion of the company’s bank deposits to a commercial lender in exchange for an upfront lump sum of funding at a discount.This funding option is great for businesses that need access to funds very quickly. Most cash advances can fund within 24-48 hours. Repayment for these transactions are usually made every business day (sometimes weekly) by an automatic deduction from a company’s credit card sales or bank deposits.
Transaction Size: $5,000 to $2,000,000
Funding Time: 24 hours to 48 hours
Terms: 3 months to 2 years
Maintaining cashflow is important to any growing business. Ensuring that you have the capital to fulfill new orders is essential for any business – that’s where accounts receivable financing, also known as factoring, comes in. Purchase orders are financed and collateralized (secured) by the revenue that will be received from the order or project at some point in the future. Often times larger clients require small businesses to wait 60, 90 or even 120 days+ to receive their payment on their invoices. That’s where accounts receivable factoring comes in. We will only consider loans against receivables from your established clients generating $10M+ annually.
Transaction Size you can do: $100,000 to $20,000,000
Approval Time: 24 hours to 1 week
Each year thousands of businesses are bought and sold. The majority of the time these businesses are done through financing. A variety of business acquisition financing loans are available depending on your unique situation, credit and value of the business you are seeking to acquire.
Transaction Size: $250,000 to $100,000,000
Approval Time: Up to 3 weeks
In today’s business climate corporate M&As occur every day. One business acquires or merges with another business and they combine their team, assets and liabilities and other resources to compete at an even greater level. There are a variety of corporate mergers & acquisition financing options available depending on the unique situation.
Transaction Size: $3,000,000 to $100,000,000 or more
Approval Time: This varies and really depends of project size. 1 to 5 Months
Thousands of franchisees open new locations every year. These new franchise locations have numerous needs from construction and build out to inventory, salaries and marketing. Unfortunately many banks are limited in the franchise financing options they have available. Private lenders can offer numerous franchise financing solutions to help franchisees fund their new business.
Transaction Size: $150,000 to $1,000,000
Approval Time: 2 to 4 weeks
Inventory financing is line of credit collateralized (secured) by the inventory of the company. This type of financing can free up cash for growth that was previously locked inside the businesses inventory.
Transaction Size: $500,000 to $10,000,000
Approval Time: Usually about 2 weeks
Physicians, surgeons, dentists, veterinarians, and chiropractors all need funds to help expand their business, buy inventory, or help with their medical office build out. Banks can be limiting in the financing options that they provide. There are numerous private lending options available for medical professionals based on the borrower and their unique circumstance.
Transaction Size: $25,000 to $2,000,000
Approval Time: 24 hours to 2 to 4 weeks depending on loan size