Line of Credit
A revolving line of credit established by one of our lending partners. You can draw down on the line whenever you need it and you only pay interest on the amount you are using. As you pay down on the line, it opens access to additional credit.
Credit lines up to $250,000
Interest as low as 6.99%
Same day approvals, funding within hours
Pay interest only on the money you are using
Term lengths up to 18 months
Repayment via automated ACH withdrawal - weekly or monthly
No restrictions on the use of funds
No collateral required
Interest can be tax deductible (consult your accountant)
Significant prepayment discounts
Builds business credit
Draw funds through your online portal 24/7
Unsecured Short Term Loan
A short term loan issued by one of our 75+ lending partners. These are non-bank lenders, alternative funders, hedge funds and family offices. This is not a bank product, thus eliminating the need for excessive paperwork and extensive underwriting times.
Funding max of $1,000,000
Term lengths between 4 and 24 months
Interest from 18%
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 $1,000,000
Term lengths between 2 and 18 months
Factor rate from 1.21
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.