Fast Cash
Unexpected expenses are hard to plan for precisely because you never see them coming. Storm damage, lawsuits, accidents, and supply chain issues could leave you scrambling for cash. Even positive changes like unprecedented growth can bring demands for materials and personnel you need financing to cover. But, traditional bank loans can take weeks or months to be approved.
Instead of waiting around, get what you need to cover expenses quickly, in a matter of days or hours. Utilize our lender network and discover a wide range of financing possibilities. Once you choose, we’ll make the application process easy and the funding seamless. Below are just a handful of examples of what we can do to put cash into your business quickly.
Leverage Assets for Cash
Access funds locked in assets
Hard Money Loans
Traditional loans often require a lengthy approval process and a high credit score to obtain. Businesses with new or damaged credit may have trouble getting financing, especially in time to cover expenses. While traditional loans are useful in some circumstances, there are faster and easier alternatives. One of them is a hard money loan.
Hard money loans focus on the value of your company’s assets. Assets like real estate, equipment, and shares can be leveraged to create cash. Use one or a combination of assets to secure a loan that doesn’t rely on your credit score. If you have real estate assets, you can get up to 65% or 75% LTV. Equipment assets can bring in up to 75% LTV.
Most hard money loans are short-term, meaning you won’t get locked into a long-term commitment. We can help you find a lender that has the right combination of terms and rates to help your business cover short-term expenses.
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Get paid early
Factoring
When you need cash now, but don’t want to add debt to your balance sheet, factoring is an excellent solution. Once work is done and products are delivered, it’s time to wait on the client to pay. In some industries, that wait time can be 30, 60, or even 90 days. You might be relying on that payment to bring supplies in for your next client’s order. That puts a lot of tension on you and your business.
Eliminate the wait and use factoring to get your money now. Factoring lets you sell your accounts receivable to a “factor.” They give you a percentage of the account value right away. Then, they collect from your client when they satisfy their account. After recovering what the factor paid, plus a small fee, the remaining money goes back to you. Most of the time, clients don’t even know you’re using a factor.
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Accelerate Cash Flow with Factoring
Sell, Then Rent Properties or Equipment
Move ahead
Sale-Leaseback
In a sale-leaseback, you sell your equipment to a lender. They pay upfront on the value of the equipment and let you keep the equipment in place through a leasing agreement. You don’t need to relocate or stop using the equipment that keeps your business running. If the equipment needs maintenance, repairs, or upgrades, the lender takes care of it. You simply pay a monthly charge and leave the headache up to someone else.
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Manage expenses
Lines of Credit
Lines of credit are ideal for businesses that rely on a seasonal sales cycle. For many small businesses, the majority of their annual income depends on just a few months out of the year. Landscapers may see a peak in the springtime and a lull in winter. Retail suppliers get a bump at the end of the year and a slump in the summer. However, expenses like rent, utilities, and subscriptions keep coming all year long.
A line of credit smooths out the seasonal cycle by offering a way to borrow during the lows and replenish during the highs. Borrow as often as you like and only pay interest on your balance. This way, you keep a line open for emergencies without getting buried in interest charges. When you make payments toward the balance, you free up borrowing power for the future.
Choose to secure a line with your company assets or qualify for an unsecured line. You can use real estate, equipment, shares, or a combination of assets to secure the line. If you want to keep your assets off the table, you may qualify for an unsecured line of credit. Which one is right for you? Let us help you decide.
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Freedom to Move Ahead
To Qualify
Step 1:
Step 2:
We will help you organize your business financial statements. If you don’t already have them all in one place, make sure you gather your business’s statements, balance sheets, tax records, and proof of time in business.
Step 3:
Contact our professional financing team. We’re here to listen, answer questions, help you choose options, and guide you through the financing process every step of the way from inquiry to successful financing.
Alternatives:
If fast cash isn’t what you’re looking for, try:
SBA 7(a):
These Small Business Administration loans are flexible enough to fund real estate, equipment, and working capital needs. Backed by the SBA’s guarantee, your small business can get approved, even if you’ve been turned down before.
Bridge Loans:
A bridge loan helps you get from point A to point B quickly and easily. If you’re waiting for long-term financing to come through, but need cash right away, a bridge loan can help cover that gap. Use it for real estate, equipment, or to pay off high-interest debt.
Phone
Address
911 E 1st Ave, Unit 137, Broomfield, Colorado 80020, United States