When considering options for working capital, businesses have several avenues, each offering unique advantages.
Business credit cards provide quick access to funds with relatively easy approval processes, making them ideal for immediate expenses and building credit.
Merchant Cash Advances (MCAs) offer fast funding based on future credit card sales, making them accessible for businesses with fluctuating revenues and providing flexible repayment options.
Personal term loans can be a viable option for business owners with strong personal credit, offering fixed repayment terms and interest rates, providing predictability in financial planning.
Investment property refinancing allows business owners to leverage real estate equity, providing substantial funds that can be used for significant business investments.
Lastly, a business line of credit offers flexible access to funds with interest only on the amount used, making it suitable for managing cash flow and covering short-term operating expenses. Each option has its unique benefits, allowing businesses to choose based on their specific financial needs and circumstances.
Each working capital option, from business credit cards to MCAs, term loans, and lines of credit, offers unique benefits that cater to varying business needs and financial situations.
Business credit cards are essential tools for entrepreneurs and small business owners, offering a range of benefits that can significantly enhance financial management and growth potential. These cards provide access to substantial credit lines, often with 0% introductory interest rates for a specified period, allowing businesses to make necessary purchases without immediate financial strain. Additionally, business credit cards typically offer rewards programs, such as cash back, travel points, or other incentives, which can help offset business expenses and contribute to overall savings.
Our partners specialize in acquiring up to $250,000 in 0% interest business credit for our clients, providing a comprehensive “done-for-you” service. Over the past 14 years, they have secured over $1.3 billion in business credit for more than 20,000 businesses across various industries, including real estate, e-commerce, healthcare, and more. Their expertise and dedication have earned them numerous accolades, including an A+ rating from the BBB and a spot on the Inc 5000 list for five consecutive years
Credit Report: Three bureau with fico scores. Learn How!
Our partners specialize in acquiring up to $250,000 in 0% interest business credit for our clients, providing a comprehensive “done-for-you” service.
A Merchant Cash Advance (MCA) is a flexible financing option that provides businesses with a lump sum of capital upfront, which is repaid through a percentage of daily credit card sales. This method is particularly beneficial for businesses that need quick access to working capital but may not qualify for traditional loans due to stringent credit requirements or lack of collateral. MCAs are ideal for managing cash flow, covering unexpected expenses, or capitalizing on immediate business opportunities. The repayment structure, based on sales volume, allows businesses to pay more during high sales periods and less during slower times, making it a versatile solution for industries with fluctuating revenues
Merchant Cash Advances (MCAs) can be used for a variety of business needs, particularly when quick access to capital is essential. Here are some common use cases:
A Merchant Cash Advance (MCA) is a flexible financing solution designed to help businesses access quick capital by leveraging their future sales.
Term loans can provide businesses with the capital they need to grow and succeed. These loans are designed to offer flexible repayment terms and competitive interest rates, making them an attractive option for businesses looking to finance large projects, expand operations, or manage cash flow. We focus on understanding the unique needs of each business, ensuring that the loan terms are tailored to meet specific financial goals. Streamlined application process and dedicated support team help businesses secure the funding they need quickly and efficiently.
With a focus on providing easy access to capital, we work with different lenders to offer funding for unsecured loans with terms extending up to five to seven years. These loans are ideal for businesses looking to consolidate debt, finance new projects, or cover operational expenses without the need for collateral. The application process is designed to be quick and straightforward, allowing businesses to receive their funds promptly and focus on their growth and success.
With a focus on providing easy access to capital, we work with different lenders to offer funding for unsecured loans with terms extending up to five to seven years.
Personal term loans are a type of installment loan that allows individuals to borrow a fixed amount of money and repay it over a set period, typically ranging from two to seven years. These loans are often used for various purposes, such as consolidating debt, financing home improvements, or covering unexpected expenses. Borrowers receive the loan amount upfront and make monthly payments that include both principal and interest. The interest rates on personal term loans can vary based on the lender, the borrower’s credit score, and the loan term. Choosing the right loan term is crucial, as shorter terms generally result in higher monthly payments but lower overall interest costs, while longer terms offer lower monthly payments but higher total interest. Personal term loans provide a structured and predictable way to manage larger expenses, making them a popular choice for many consumers.
Personal term loans provide a structured and predictable way to manage larger expenses, making them a popular choice for many consumers.
The U.S. Small Business Administration (SBA) offers a variety of loan programs designed to support small businesses in obtaining the funding they need to start, grow, or sustain their operations. SBA loans are not directly issued by the government; instead, they are provided by participating lenders, such as banks and credit unions, with a portion of the loan guaranteed by the SBA. This guarantee reduces the risk for lenders, making it easier for small businesses to qualify for financing. The most common types of SBA loans include the 7(a) Loan Program, which offers flexible funding for various business needs, and the 504 Loan Program, which provides long-term, fixed-rate financing for major fixed assets like real estate and equipment.
One of the key benefits of SBA loans is their competitive terms, which often include lower interest rates and longer repayment periods compared to conventional loans. Additionally, SBA loans may require lower down payments and offer more flexible overhead requirements, making them accessible to a wider range of businesses. These loans can be used for a variety of purposes, including working capital, inventory purchases, equipment acquisition, and refinancing existing debt. To qualify, businesses generally need to meet certain size standards, demonstrate the ability to repay the loan, and have a sound business purpose. Overall, SBA loans are a valuable resource for small businesses seeking to secure the funding necessary for growth and success.
One of the key benefits of SBA loans is their competitive terms, which often include lower interest rates and longer repayment periods compared to conventional loans
A revolving line of credit is similar to a credit card. The lending institution grants you a maximum credit limit, accessible for business purposes anytime during the revolving period (up to one year). A minimum $5,000 loan balance is required to keep the revolving period open. During this period, you can take unlimited draws or make partial principal paydowns of $5,000 or more. Each weekly payment and partial principal paydown frees up your line’s available funds.
Unlike a credit card, there is a fixed weekly payment based on the original term chosen during approval (up to 36 months). Payments made on the revolving credit line become available to access again. The credit limit can be used repeatedly as long as you do not exceed the maximum. Many small business owners and corporations use revolving lines of credit to finance expansion projects, additional locations, new equipment, partner buyouts, or as a safeguard against cash flow problems.
We understand the changing business landscape, especially in the restaurant industry. Small business owners use our revolving line of credit for various reasons, including:
A revolving line of credit offers businesses flexible access to funds with a fixed weekly payment, allowing for ongoing draws and repayments, similar to a credit card but with a set term.
If you own an investment property, refinancing a non-owner occupied property can be a strategic move to unlock the equity you’ve built up and secure funds for starting a business. By opting for a cash-out refinance, you can replace your existing mortgage with a new, larger loan, allowing you to access the difference as a lump sum of cash. This approach can provide the necessary capital to cover startup costs, invest in business infrastructure, or manage initial operational expenses. It’s important to note that lenders typically allow you to borrow up to 75-80% of your property’s value, depending on factors such as your creditworthiness and the property’s current market value. This method not only leverages your real estate investment but also helps you diversify your financial portfolio by channeling funds into a new business venture.
Refinancing Real Estate not only leverages your real estate investment but also helps you diversify your financial portfolio by channeling funds into a new business venture.
Equipment financing loans are a popular method for businesses to acquire machinery, vehicles, and technology necessary for their operations without the immediate burden of high upfront costs. Essentially, these loans allow businesses to borrow money specifically for the purchase of equipment, with the equipment itself often serving as collateral. This type of financing is particularly beneficial for small to medium-sized enterprises that need to maintain cash flow while still acquiring the tools essential for growth and productivity. With various terms and interest rates available, businesses can find equipment financing options that align with their financial strategies and repayment capabilities.
In addition to conserving capital, equipment financing loans can offer tax benefits. Many jurisdictions allow businesses to deduct the interest paid on these loans and claim depreciation on the equipment, further easing the financial load. Moreover, by opting for financing, companies can keep their credit lines open for other potential investments or emergencies. This flexibility is crucial in today’s fast-paced business environment, where staying agile and responsive can make all the difference. Equipment financing not only fuels growth but also helps businesses remain competitive by enabling them to adopt the latest technology and maintain operational efficiency.
Equipment financing not only fuels growth but also helps businesses remain competitive by enabling them to adopt the latest technology and maintain operational efficiency.
Business credit cards are essential tools for entrepreneurs and small business owners, offering a range of benefits that can significantly enhance financial management and growth potential. These cards provide access to substantial credit lines, often with 0% introductory interest rates for a specified period, allowing businesses to make necessary purchases without immediate financial strain. Additionally, business credit cards typically offer rewards programs, such as cash back, travel points, or other incentives, which can help offset business expenses and contribute to overall savings.
Our partners specialize in acquiring up to $250,000 in 0% interest business credit for our clients, providing a comprehensive “done-for-you” service. Over the past 14 years, they have secured over $1.3 billion in business credit for more than 20,000 businesses across various industries, including real estate, e-commerce, healthcare, and more. Their expertise and dedication have earned them numerous accolades, including an A+ rating from the BBB and a spot on the Inc 5000 list for five consecutive years
Credit Report: Three bureau with fico scores. Learn How!
Our partners specialize in acquiring up to $250,000 in 0% interest business credit for our clients, providing a comprehensive “done-for-you” service.
A Merchant Cash Advance (MCA) is a flexible financing option that provides businesses with a lump sum of capital upfront, which is repaid through a percentage of daily credit card sales. This method is particularly beneficial for businesses that need quick access to working capital but may not qualify for traditional loans due to stringent credit requirements or lack of collateral. MCAs are ideal for managing cash flow, covering unexpected expenses, or capitalizing on immediate business opportunities. The repayment structure, based on sales volume, allows businesses to pay more during high sales periods and less during slower times, making it a versatile solution for industries with fluctuating revenues
Merchant Cash Advances (MCAs) can be used for a variety of business needs, particularly when quick access to capital is essential. Here are some common use cases:
A Merchant Cash Advance (MCA) is a flexible financing solution designed to help businesses access quick capital by leveraging their future sales.
Term loans can provide businesses with the capital they need to grow and succeed. These loans are designed to offer flexible repayment terms and competitive interest rates, making them an attractive option for businesses looking to finance large projects, expand operations, or manage cash flow. We focus on understanding the unique needs of each business, ensuring that the loan terms are tailored to meet specific financial goals. Streamlined application process and dedicated support team help businesses secure the funding they need quickly and efficiently.
With a focus on providing easy access to capital, we work with different lenders to offer funding for unsecured loans with terms extending up to five to seven years. These loans are ideal for businesses looking to consolidate debt, finance new projects, or cover operational expenses without the need for collateral. The application process is designed to be quick and straightforward, allowing businesses to receive their funds promptly and focus on their growth and success.
With a focus on providing easy access to capital, we work with different lenders to offer funding for unsecured loans with terms extending up to five to seven years.
Personal term loans are a type of installment loan that allows individuals to borrow a fixed amount of money and repay it over a set period, typically ranging from two to seven years. These loans are often used for various purposes, such as consolidating debt, financing home improvements, or covering unexpected expenses. Borrowers receive the loan amount upfront and make monthly payments that include both principal and interest. The interest rates on personal term loans can vary based on the lender, the borrower’s credit score, and the loan term. Choosing the right loan term is crucial, as shorter terms generally result in higher monthly payments but lower overall interest costs, while longer terms offer lower monthly payments but higher total interest. Personal term loans provide a structured and predictable way to manage larger expenses, making them a popular choice for many consumers.
Personal term loans provide a structured and predictable way to manage larger expenses, making them a popular choice for many consumers.
A revolving line of credit is similar to a credit card. The lending institution grants you a maximum credit limit, accessible for business purposes anytime during the revolving period (up to one year). A minimum $5,000 loan balance is required to keep the revolving period open. During this period, you can take unlimited draws or make partial principal paydowns of $5,000 or more. Each weekly payment and partial principal paydown frees up your line’s available funds.
Unlike a credit card, there is a fixed weekly payment based on the original term chosen during approval (up to 36 months). Payments made on the revolving credit line become available to access again. The credit limit can be used repeatedly as long as you do not exceed the maximum. Many small business owners and corporations use revolving lines of credit to finance expansion projects, additional locations, new equipment, partner buyouts, or as a safeguard against cash flow problems.
We understand the changing business landscape, especially in the restaurant industry. Small business owners use our revolving line of credit for various reasons, including:
A revolving line of credit offers businesses flexible access to funds with a fixed weekly payment, allowing for ongoing draws and repayments, similar to a credit card but with a set term.
The U.S. Small Business Administration (SBA) offers a variety of loan programs designed to support small businesses in obtaining the funding they need to start, grow, or sustain their operations. SBA loans are not directly issued by the government; instead, they are provided by participating lenders, such as banks and credit unions, with a portion of the loan guaranteed by the SBA. This guarantee reduces the risk for lenders, making it easier for small businesses to qualify for financing. The most common types of SBA loans include the 7(a) Loan Program, which offers flexible funding for various business needs, and the 504 Loan Program, which provides long-term, fixed-rate financing for major fixed assets like real estate and equipment.
One of the key benefits of SBA loans is their competitive terms, which often include lower interest rates and longer repayment periods compared to conventional loans. Additionally, SBA loans may require lower down payments and offer more flexible overhead requirements, making them accessible to a wider range of businesses. These loans can be used for a variety of purposes, including working capital, inventory purchases, equipment acquisition, and refinancing existing debt. To qualify, businesses generally need to meet certain size standards, demonstrate the ability to repay the loan, and have a sound business purpose. Overall, SBA loans are a valuable resource for small businesses seeking to secure the funding necessary for growth and success.
One of the key benefits of SBA loans is their competitive terms, which often include lower interest rates and longer repayment periods compared to conventional loans
If you own an investment property, refinancing a non-owner occupied property can be a strategic move to unlock the equity you’ve built up and secure funds for starting a business. By opting for a cash-out refinance, you can replace your existing mortgage with a new, larger loan, allowing you to access the difference as a lump sum of cash. This approach can provide the necessary capital to cover startup costs, invest in business infrastructure, or manage initial operational expenses. It’s important to note that lenders typically allow you to borrow up to 75-80% of your property’s value, depending on factors such as your creditworthiness and the property’s current market value. This method not only leverages your real estate investment but also helps you diversify your financial portfolio by channeling funds into a new business venture.
Refinancing Real Estate not only leverages your real estate investment but also helps you diversify your financial portfolio by channeling funds into a new business venture.
Equipment financing loans are a popular method for businesses to acquire machinery, vehicles, and technology necessary for their operations without the immediate burden of high upfront costs. Essentially, these loans allow businesses to borrow money specifically for the purchase of equipment, with the equipment itself often serving as collateral. This type of financing is particularly beneficial for small to medium-sized enterprises that need to maintain cash flow while still acquiring the tools essential for growth and productivity. With various terms and interest rates available, businesses can find equipment financing options that align with their financial strategies and repayment capabilities.
In addition to conserving capital, equipment financing loans can offer tax benefits. Many jurisdictions allow businesses to deduct the interest paid on these loans and claim depreciation on the equipment, further easing the financial load. Moreover, by opting for financing, companies can keep their credit lines open for other potential investments or emergencies. This flexibility is crucial in today’s fast-paced business environment, where staying agile and responsive can make all the difference. Equipment financing not only fuels growth but also helps businesses remain competitive by enabling them to adopt the latest technology and maintain operational efficiency.
Equipment financing not only fuels growth but also helps businesses remain competitive by enabling them to adopt the latest technology and maintain operational efficiency.
*We strive to keep our information current, but the lending landscape changes daily, and requirements can vary between lenders. The information provided is intended as a guideline to begin the approval process. Additional information, documents, and requirements may be needed.
With over 8 years of experience, 950 Credit, Inc. has built a reputation for excellence and reliability in the financial consulting industry. Our team of experts is committed to understanding your unique needs and delivering personalized solutions that drive your business forward.
