Asset-Based Business Lending
Need a new piece of business equipment but don’t have the cash on hand to pay for it? Equipment financing is the solution.
We are a top-rated online lender that can provide you with same day funding to purchase any type of equipment that your small business needs. Everything from machinery to software to vehicles and more.
The upfront costs are minimal and you will repay your equipment loan with low monthly loan payments you can afford.
Get the equipment you need to grow your business! Don’t sacrifice potential growth or profits.
- Competitive rates
- No collateral needed
- Flexible term lengths
- Easy online application
- Quick approval decisions
- Terms from 24-60 months
- Simple, fixed monthly payments
- Potential Section 179 tax deduction
- Up to $1M with a simple 1-page application
Medical | Industrial | Construction | Printing
Restaurant | Farming | Trucking | Technology
We Finance All Kinds of New & Used Equipment
Accounts Receivable Financing
Our accounts receivable finance program or factoring, is a way for you to speed the process between when you invoice and when you get paid.
You sell your outstanding receivables to us to create vital cash flow. It creates a line of credit that allows you to have access to cash when your business needs it most.
Call us crazy, but we think this process should be simple and easy to understand.
- Easy 90 day cancellation
- Credit lines of up to $5mm
- Up to 90% advance against your receivables
- Enhanced collection efforts by providing up to date information regarding the credit of your customers
- Factoring Discount Fee – typically 1-3% for 30 days, all in.
- Due Diligence Deposit – This covers our cost for the searches, filings and document creation.
- Wire or ACH Fee – This is the cost to send you the money. They are $25 and $15 respectively.
Purchase Order Financing
We fund large domestic or international business opportunity that traditional financing companies will not approve. If you’re a re-seller or distributor of hard goods with a purchase order that you cannot fulfill due to insufficient capital, we can help.
The confidence to fulfill your biggest orders
Using purchase order financing gives you the ability to fulfill all your sales orders, even those that exceed your norm in volume or scope. 100% financing of your supplier costs frees up your cash for critical business expenses allowing you to deliver bigger orders. All you need is a PO from a credit worthy commercial or government client to get started.
The bank said no — why will we say yes?
While a bank looks at your company’s finances, we look at those of your customers. If you sell products to large companies or government concerns, we can fund it for you in expectation of your future profit. It’s a great way to get the working capital you need, in a matter of weeks.
With PO financing, you can:
- Up to 100% financing for $500K – $25 million
- We’ll work with your existing credit institutions
- Grow your business now and pave the way for more
- Minimize capital constraints by letting us fund it for you
- Fast approval and turnaround so you can get to work quickly
- Improve your competitive edge among customers and suppliers
- Proven track record in invoice factoring & financing purchase orders plus other creative financial solutions for those who may not qualify
Having the resources to keep the right amount of inventory on hand is crucial to keeping your business going.
Often you will need additional working capital during slow months or to ramp up inventory for a peak season. Inventory loans, or inventory financing, are designed to provide small business owners the working capital to purchase additional inventory needed to succeed.
Inventory lines of credit can help your small business by delivering funding up front to ensure you have sufficient working capital to buy in bulk, prepare for a peak season or take advantage of favorable pricing.
Is an inventory loan right for my business?
Inventory loans are designed primarily for existing businesses in retail or product-oriented sectors. These businesses can look to this type of small business loan to get the additional stock needed to prepare for a busy season when you know you will be able to pay off your loan quickly once the products are sold.
An inventory loan is likely a good fit for your business if you need to keep a much larger inventory on hand in warehouses and larger storage facilities. Larger wholesale retailers without a lot of cash on hand to replenish their supply may have the next few months of orders in a warehouse, but they do not have additional inventory to fulfill upcoming future orders.
How can I get an inventory loan for my business?
If you have a strong sales record but are tight on working capital, it can be very difficult to establish a line of credit with a traditional lender. We are stepping up to offer small businesses a solution to cash flow issues.
We offer ongoing lines of credit of up to $250,000 with a simple, online application process. You can draw from your line as often as you want and pay fees only on the working capital you take.
Hard Money Lending
A hard money loan is simply a short-term loan secured by real estate. They are funded by private investors (or a fund of investors) as opposed to conventional lenders such as banks or credit unions.
The amount the hard money lenders are able to lend to the borrower is primarily based on the value of the subject property. The property may be one the borrower already owns and wishes to use as collateral or it may be the property the borrower is acquiring.
Hard money lenders are primarily concerned with the property’s value rather than the borrower’s credit (although credit is still of some importance to the lender).
Borrowers who cannot get conventional financing due to a recent foreclosure or short sale can still obtain a hard money loan if they have sufficient equity in the property that is being used as collateral.
When the banks say “No”, the hard money lenders can still say “Yes”.
The terms are usually around 12 months, but the loan term can be extended to longer terms of 2-5 years. The loan requires monthly payments of only interest or interest and some principal with a balloon payment at the end of the term.
Regardless Of The Type Of Property, Condition, Location, Price, Or Your Credit, We Have Your Solution.
We Provide Capital For Your Purchase or Refinance. We Even Include 100% Of Your Rehab.
Fix & Flip or Bridge. Truly Hard Money Made Easy!
Commercial Real Estate Financing
Understanding commercial real estate financing basics requires a working knowledge of existing commercial property financing options, and being able to identify which option might work best for you.
Commercial property loans will not only help finance the property, but can also help fund any construction projects as needed. In addition, investors can leverage commercial property financing to help keep properties fully operational and maintained so that they may be fully leased.
The following are several commercial real estate financing options that are offered by various financial entities including banks, private lenders, insurance companies, pension funds, and the U.S. Small Business Administration:
SBA 7A Loan
The U.S. Small Business Administration (SBA) offers some of the least expensive loans for investing in commercial real estate, and guarantees repayment of a portion of the loan. SBA-backed loans help the borrower by increasing credibility and reducing risk for the lender. 7A loans work best for smaller projects, and are the quickest and easiest of the SBA loan programs. Although 7A loans have slightly higher interest rates than SBA 504 loans, they are the SBA’s most popular loan option.
SBA 504 Loan
As mentioned above, loans backed by the Small Business Administration are favored by lenders. The 504 loan program works best for larger investment projects, such as those valued over $1 million. The investor must put down 10 percent of the loan amount as the down payment, while 40 percent of the loan is sourced from an SBA Certified Development Company. The remaining 50 percent is borrowed from the lender.
Conventional Bank Loan
A majority of commercial real estate loans are made by banks, who prefer to lend to entities with strong credit histories. Individuals with a credit score of at least 660 and are working with mid- to large-sized projects will find conventional bank loans as a viable commercial real estate financing option. Bank loans offer competitive interest rates, and do not require the property to be occupied by the owner. However, most bank loans require a 20 percent down payment and oftentimes will charge a penalty if the loan is paid off early.
Hard Money Loan
For investors looking for a quick solution to commercial real estate financing may look to a hard money loan. Hard money lenders usually offer short-term loans at high interest rates, and evaluate the loan based on the perceived value of the property and not on the borrower’s credit history. Investors will often utilize hard money loans to quickly finance deals in the interim while negotiating a longer term bank loan. Because of this, hard money loans are also referred to as “bridge loans.”
Joint Venture Loan
In cases in which an investor cannot obtain commercial real estate financing, or in cases where it is unappealing to bear risk solely, pursuing a joint venture may be the best option. Two or more properties can apply for financing via a joint venture loan, and involved parties will equally share the risks and returns in the commercial property. The joint venture loan ties the parties together solely around the specific property, and does not require the entities to enter into a true real estate partnership.
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967 Mayfield Street
Cary, IL 60013