#what #is #a #working #capital #loan
Funding Your Business. The Direct Way.
Your Funding Options
Small Business Cash Advance (MCA) is often referred to as a “Merchant Cash Advance,” which is not a loan. It is a discounted, prepaid purchase of future credit card receipts. Your Business receives the cash it may need for today in exchange for the sales Your Business will make over a specified period of time. A small percentage of your daily credit card will be applied towards your funding amount purchased until it is fully repaid.
- Amount: $10,000 – $1,000,000
- Term: 6 – 18 months
- Repayment Option: % of Credit Card Sales
Revenue Based Factoring (ACH) Program is designed for businesses that derive little or no revenue from credit card sales. This flexible and unique program gives Your Business access to working capital based upon Your Business’s cash flow. Like a Small Business Cash Advance, this product is not a loan, but the purchase of future receivables. In this case, the future deposits of your business financing is based on the amount of cash flow through the businesses operating accounts and repayment is made by automated electronic (ACH) debits. This program enables Your Business to leverage future cash flow to obtain the working capital you need to grow.
- Amount: $10,000 – $5,000,000
- Term: 6 – 36 months
- Repayment Options: Daily or Weekly ACH Debits
Asset Based Lending / Factoring (ABL) Program is designed for businesses to leverage their tangible assets and strong balance sheet as a means to accessing a revolving credit facility for working capital while pledging fixed assets such as purchase orders, accounts receivable, inventory, machinery and real estate. Payments are collected either electronically via ACH or through a ‘lock box’ controlled account.
- Amount: $100,000 – $5,000,000
- Term: 12 – 60 months
- Repayment Options: Daily / Weekly ACH Debits or specified % of receivable via a ““lock box” controlled account