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Advance Funding: How Does it Work?

Many successful small and midsize businesses have difficulty obtaining business loans due to the nature of their business fluctuating revenues cycles. Banks are not trying to understand the cyclical businesses that thrive 3 seasons out of the years, due to the cycle of tourism, seasonal weather changes, declining demand for products in particular seasons.
With the Simple Process involving a 1 page application and 6 months of your bank statements you can be approved for a business advance within 24 hours.  There is no personal guarantee, and your business can be funded regardless of bad credit

Understanding Advance Funding


Advance Funding Structure
As a result, small businesses are underserved by traditional lenders, particularly banks.  This has created the demand for alternative funding structures such as factoring.  Factoring was commonly used for Purchase Order financing, but today;s market created the demand for advance funding based upon a business's future receivables.

This is structured as a Purchase of future receivables at a discount. For example a lender will offer to purchase 15,000 of your future receivables TODAY for $12,000.  This enables a business owner to have access to needed cash for inventory, equipment, upgrades and renovations, or even opening a new location.

Factor Rates:

The Factor rate is determined based upon the assessed risk and exposure.  Since the business advance funding has no personal guarantee, the longer the payback term, the higher the risk to the lender.