Funding
[06]
Six ways to fund a small business
From $5,000 to $1,000,000. Each one is drawn below the way it shows up in your books, with example numbers.
Index
What it is for
- 001Merchant cash advanceCapital now, repaid as a share of your sales.
- 002Same day business loansFor cash you need today.
- 003Debt consolidationSeveral funding positions, one payment.
- 004Short term business loansA set amount for a near-term project.
- 005Working capitalKeep the doors open in a slow month.
- 006Payroll fundingPay your people before the contract pays you.
[01] / [06]
Merchant cash advance
Capital now, repaid as a share of your sales.
A flexible option for short-term capital needs, with revenue-based repayment. Each business day a share of your sales goes to repayment, so a slow day sends a smaller payment and a busy day pays it down faster.
- Good for
- Short-term needs in a business that takes card payments every day
- Repaid
- A share of daily sales, until the agreed amount is collected
- Keep in mind
- It is a purchase of future sales, not a loan, and usually costs more than bank credit
[02] / [06]
Same day business loans
For cash you need today.
Resolve urgent business cash needs as quickly as the day you apply. Same-day review is available when the application and documents come in early in the day.
- Good for
- A repair, a deposit or a bill that can't wait
- Speed
- As fast as the same day; same day to 5 days in all
- What helps
- Bank statements ready to upload when you apply
[03] / [06]
Debt consolidation
Several funding positions, one payment.
Consolidate one or more existing business funding positions. We pay them off and replace them with one position, so there is one debit to track instead of several.
- Good for
- A business carrying two or more advances or loans
- Result
- One position, one payment schedule
- Bring
- Your current agreements and payoff letters
[04] / [06]
Short term business loans
A set amount for a near-term project.
Practical capital for near-term projects, payroll or purchasing, repaid on a fixed schedule you know in advance.
- Good for
- A project with a clear start and end
- Repaid
- Fixed daily or weekly payments
- Terms
- From 3 months to 3 years across our options
[05] / [06]
Working capital
Keep the doors open in a slow month.
Fast working capital for everyday business needs: stock, rent, utilities and payroll, the bills that don't wait for the busy season.
- Good for
- Seasonal gaps and slow months
- Use it for
- Inventory, rent, utilities, payroll
- Amounts
- From $5,000 to $1,000,000
[06] / [06]
Payroll funding
Pay your people before the contract pays you.
Immediate funding to cover payroll and keep momentum, for example when you hire ahead of a contract that pays later.
- Good for
- Hiring before a new contract starts paying
- Timing
- Funds before your pay date when documents arrive early
- Pay cycles
- Nearly half of US employers pay every two weeks