Business funding products

VENDOR CREDIT

 Credit extended to your business for net 30 or net 60 day terms or even often in forms of credit lines to your business. Vendor credit allows you to purchase products or services they offer on a deferred payment structure. This type of financing can be used as a revolving credit line for products and services that you business needs, thereby easing cash flow. 


Documents/ Requirements: 

  • Must submit application online
  • Copy of United States government issued photo identification
  • 3 months business bank account statements
  • Must be in business for minimum of 3 months

BUSINESS LINES OF CREDIT

 For many years, small business owners have used credit card financing as a tool to help finance their businesses. Twenty years ago, traditional bankers and finance professionals considered this funding method reckless. In today’s entrepreneurial culture credit card financing has become a widely used strategy that no longer carries a negative stigma. Indeed, many business owners use personal and company credit cards to launch their companies and help them succeed.


 Documents/ Requirements: 

  • Must submit application online
  • Copy of United States government issued photo identification
  • 3 months business bank account statements
  • Must be in business for minimum of 3 months

EQUIPMENT FINANCING/ LEASING

 A common tool used by lots and lots of companies as part of a business recovery programme, as it can help improve cash flow and also improve working capital. It typically involves a lender giving a business finance that is secured by a piece of equipment.


 Documents/ Requirements: 

  • Must submit application online
  • Copy of United States government issued photo identification
  • Invoice/ Quote of the equipment

MERCHANT CASH ADVANCES

 When you need to raise capital for your small business quickly, a merchant cash advance or MCA can be a shortcut to funding. A merchant advance is a convenient option for growing your business or sustaining cash flow.


 Documents/ Requirements: 

  • Must submit application online
  • Copy of United States government issued photo identification
  • 3 months business bank account statements
  • Must be in business for minimum of 3 months

TRADITIONAL FINANCING (SBA LOANS, BANK LOANS, TERM LOANS)

 Funding through traditional financing options will be composed of local and community lending institutions. They follow the traditional underwriting criteria and are more for established business owners or business 2+ years in business.


 Documents/ Requirements: 

  • Must submit application online
  • Copy of United States government issued photo identification
  • 3 months business bank account statements
  • Must be in business for minimum of 3 months
  • Two (2) years of Personal & Business Tax returns will be required for SBA, bank, and certain term loans. 


*Must be in business minimum of two (2) years to qualify for an SBA term loan.

MICROLOANS

 The microloan program provides small, short-term loans to small business concerns and certain types of non-for-profit child-care centers. Microloans at $1,000 – $50,000. Due to the economy, many entrepreneurs and small business owners have been looking for other financing program outside of Traditional Funding Sources banking model. The microloan programs provided in our database provide small, short term loans to small business concerns.          


 Documents/ Requirements: 

  • Must submit application online
  • Copy of United States government issued photo identification
  • 3 months business bank account statements
  • Must be in business for minimum of 3 months