Business Cash Advance, Revenue Based Funding (ACH), Secured Business Loans, Asset Based Lending Factoring,
Secured Business Loans
Business Funding Source offers short-term business loans in all states. These loans are ideal for all types of small to mid-sized businesses including medical, dental and veterinarian practices.
Rates are based on credit, business condition, business type, geography and other risk factors. Payments are fixed and have a specific term. Business Funding loans are ideal for the most credit worthy businesses with stronger financials and balance sheets. Loans are offered from $10,000 to $2,000,000.
Revenue Based Finance (ACH Program)
The ACH Program is designed for businesses that derive little revenue from credit card sales. It is ideal for manufacturers, wholesalers, distributors, contractors and other service providers. This unique program gives these businesses access to working capital based upon their cash flow and not traditional metrics like asset/collateral coverage and the balance sheet.
Like Business Cash Advance, this product is not a loan but the purchase of future receivables. In this case, the future deposits of the business. Funding is based on the amount of cash flow through the businesses operating accounts and repayment is made by automated electronic debits (ACH debit) over 6 to 24 month periods. This product enables businesses to leverage future cash flow to obtain the working capital they need to grow.
ACH products offer businesses $10,000 to $5,000,000.
Business / Merchant Cash Advance
A Business Cash Advance is often referred to as a “Merchant Cash Advance”. A Cash Advance is not a loan. It is a discounted, prepaid purchase of future credit card receipts. Businesses receive cash today for the sales that they will make tomorrow and pay back a small percentage of their daily credit card receipts over 6 to 18 months until it is fully repaid.
Cash Advances are designed for businesses that do over $5,000 per month in credit card sales, such as restaurants, retailers, hotels, salons and certain service providers. Funding is based on measurable credit card sales and most applicants do not need to provide financial statements. This is also a good alternative for those with challenges to their credit score.
Business Cash Advances are available from $5,000 to $1,000,000.