Short Term Business Loan

A short term loan issued by one of our 75+ lending partners. These are banks, alternative funders, hedge funds, family offices and non-bank lenders. This is not a bank product, thus eliminating the need for excessive paperwork and extensive underwriting times.

  • Funding max of $500,000

  • Term lengths between 4 and 24 months

  • Interest rate based on risk

  • No collateral required

  • Repayment via automated ACH debit – daily, weekly or semi-monthly

  • Significant prepayment discounts

  • Interest is tax deductible (consult your accountant)

  • Builds business credit

  • Same day approvals

  • Funding within 2 business days

 

Merchant Cash Advance

This is a one time, lump sum advance in exchange for a percentage of your future sales. A cash advance is not a loan, has no interest rate and will not appear in your balance sheet as financial debt. This provides an alternative financial solution for business owners that do not qualify for a short term loan.

  • Funding max of $500,000

  • Term lengths between 2 and 15 months

  • No collateral required

  • Repayment via automated ACH debit – daily or weekly

  • The difference between the amount you receive and the amount of your future sales you sell is tax deductible (consult your accountant)

  • Builds business credit

  • Same day approvals

  • Funding within 2 business days

Example:

1.   You agree to sell $24,000 of your sales over the next 12 months, for $20,000 today.

2.   Every business day, for the next 12 months, a small percentage (usually 10% or less) of your daily sales is remitted to the purchaser via automated ACH withdrawal from your business bank account.

3.   This is a fixed dollar amount and in this case, would be $100/day. By setting a fixed daily (or weekly) dollar amount, it simplifies accounting and allows you to properly manage your cash flow