Working Capital Loans

Hard money loans provide you with a lump sum based on the value of an asset. You can utilize a hard money loan to buy property, onboard equipment, bring in inventory, or get working capital. Hard money loans are asset-based, which means lenders rely on the value of your asset, not your credit score. While your credit is taken into consideration, it’s not as important as what your asset is worth. Because hard money lenders don’t have to jump through the hoops that banks and other traditional lenders do, you won’t have to wait for weeks to be approved. In most cases, you can see cash in just a matter of hours. That makes hard money loans a great short-term financing option when you need to handle expenses right away, especially if you have a low credit score. To find the best hard money loans, speak with a qualified broker. With a broker, you can avoid the one-size-fits-all loans of online lenders and get financing customized to your business. Contact us today! 

Factoring turns your accounts receivable assets into cash before they’re paid. You can receive an advance of cash from invoices, purchase orders, and contracts by working with a factor. The factor buys your AR assets for a percentage of their value. That way, you don’t have to wait weeks or months to see payment. When your customers pay, the factor collects their repayment and forwards the remaining cash on to you. Most factors approve in 24 hours or less. You can factor as often as you want or factor multiple invoices at once. Since factoring uses your clients’ credit and payment history, you can be approved, even if your credit isn’t perfect. Beware that not all factoring companies are the same – some charge high fees and hidden interest. That’s why it’s important to work with a reputable broker. We’ll help you find a factor with integrity and transparency so you can avoid unpleasant surprises.

Asset-based loans are a smart way to leverage the equity you own into working capital. A sale-leaseback works with your company’s equipment assets. If you have valuable equipment but need to improve cash flow, a sale-leaseback lets you get cash without giving up the equipment you need to keep business moving. The process starts when you sell your equipment to a buyer. The buyer gives you a lump sum based on the value of that asset. But, instead of removing equipment from your workflow, you keep it in place and lease it back from the buyer. At the end of your lease, you may have the option to buy the equipment back, renew the lease, or upgrade to the latest model. Most leases come with maintenance and repair costs covered, so you don’t have to worry about the added expense. Our brokers can help you find a lender who will give you fair value for your assets. 

A line of credit is a replenishable source of working capital that’s available at any time. You can keep a line open for emergencies at little to no cost. Interest is charged only on your account balance which means you can keep costs low. Much like a credit card, lines of credit let you draw from your account up to a set limit. When you make payments on the account, your balance opens back up. Unlike credit cards, you have the option to secure a line of credit, giving you more borrowing power. Secured cards let you leverage assets to boost your credit limit at lower interest rates than most credit cards. Don’t want to use your company’s assets? Use your credit score instead to get an unsecured line of credit. If you’re unsure about which line of credit is right for you, feel free to reach out to one of our brokers.