Accounts Receivable Financing
Businesses have to maintain their cash flow in order to be profitable and healthy. Small to medium-sized (and in some cases large) businesses that make or distribute products and/or provide services to other businesses in virtually every industry can benefit.
Any B2B company (meaning a business that sells products or services to another business) has accounts and invoices that do not get paid for 30, 60, 90, even 120 days. This effects cash flow as the business owner is waiting to get paid on goods or services that they already performed or delivered. We offer accounts receivable financing and turn receivables into cash. You receive payment immediately and you are able to use the cash in ways that will strengthen your business; such as advertising, purchasing new equipment, bringing in additional personnel, etc. The loan is not based on your credit.
Asset Based Lines of Credit
In today’s lending environment, when it comes to lines of credit, there are a couple of ways a company can secure a line of credit. One of these could be a line of credit secured by a company’s assets, such as accounts receivables and inventory and even equipment. With more and more banks pulling traditional lines of credit away from companies, this is a very sufficient way to secure a line of credit again. As long as the assets are there to secure the line, our lenders that do these often can reestablish a revolving line of credit that was taken away from a company’s bank. This form of financing is growing rapidly as traditional banks are tightening their criteria and is can be cheaper than factoring.
Bridge and Hard Money Loans
This is another very active area of financing. Due to today’s economic climate, this area of finance is booming. These loans consist of scenarios where a commercial property owner can’t get traditional financing and they need to act fast to either acquire a commercial property, finish construction, or cash out on their commercial property assets. A distinct advantage of this type of financing is the loan is not based on the owner’s credit but rather on his assets. We are able to provide $1,000,000 to $100,000,000 bridge loans for commercial property and raw land acquisition, development, workouts, bankruptcies, and foreclosures. These can be closed on in as few as 5 days and as few as 2 days for a commitment to fund. The lenders that we will work with can do international loans as well.
Inventory financing is a bank line of credit secured by the company’s inventory. This type of financing can help to free up some of the cash a business may have tied up in inventory for more pressing needs. There are numerous scenarios that would make this financing instrument a viable option for businesses. For instance, a business may enjoy a high inventory turnover rate but is short of the cash needed to replenish its supply, or a business has a warehouse of goods ready to ship but is short of cash to buy supplies for the next production cycle. Also, inventory financing can be great for businesses who maintain high levels of inventory which ties up most of that business cash. Traditional banks do not offer this type of financing which makes us unique to readily offer this creative form of financing to business.
Equipment leasing is the number one means of financing equipment in America today. Leasing is a $400 billion industry, and we will show you how to get involved today.
Businesses of all kinds lease equipment to conserve their available cash. When capital is conserved by leasing equipment, it can be used for other company needs (increasing inventories, expanding sales, etc.). A lease is not a loan. Borrowing reduces lines of credit. Leasing is thus a NEW credit source, which allows you increased borrowing capacity. It virtually eliminates obsolescence as your business always has the latest and greatest new equipment.
Many of your lenders will offer 100% financing, no down payment, and a wide range of approvals for A, B, C, and D type credits with approvals in less than 24 hours. Some programs that our lenders may offer, can fund equipment up to $150,000 with just a one-page application with no required financials or tax returns. These are called “App Only” programs and are great for our clients.