There are many financing options available to new business owners.
Read some below.
A Tip: Contact us to learn more options for startups and find out what fits best for you and your business.
It is possible to obtain a loan for the purpose of purchasing equipment by using the purchased asset as collateral.
How does this benefit all parties?
The lender is safer in knowing the loan is secured by the equipment and our clients are afforded better interest rates.
If you've been in business for more than 6 months and are generating some revenue, a merchant cash advance may be an option for you.
Merchant Cash Advances are easy to qualify for but due to the lack of financial history that prevent most startups from obtaining funding, a good credit score will help you get higher amounts of capital and better factor rates.
Cash advances are intended to be a short-term solution, the average repayment length is 8-9 months.
They can be as short as 4 months and as long as 18, depending on what you're approved for.
It's risk and cost free - prequalify without affecting your credit!