Our Services
Employee Recovery Credit (ERC)
ERC is a government stimulus program designed to help those businesses that were able to retain their employees during the COVID-19 pandemic.
Pros:
- Receive up to $26,000 per employee
- There's no limit on funding
- This is a grant, not a loan!
- Can still apply even if you had a PPP loan for your business
Cons:
- Business must have W-2 employees
Best for:
- Most businesses with W-2 employees
Short-Term Loan
Short-term loans allow for very fast funding, so you get a lump sum of cash with a predetermined payment term. Payment is usually made daily, weekly or bi-weekly. The short -term loan is best for business with high and consistent sales that are in need of quick unsecured cash to use however you need.
Pros:
- Fast Capital in as little as 24hrs
- Unsecured
- Easy approval process
- Little documentation needed
Cons:
- Cost of borrowing can be more
Best for:
- Businesses that have high and consistent sales and bank deposits
- Businesses that need financing right away
Long-Term Loan
Long-term loan is a common form of long-term business funding. You get a lump some of cash upfront to invest in your business and repay with interest over a predetermined time period. Best for businesses looking to expand that have good credit and strong business revenue. Offers fast funding typically within 2 days to a week.
Pros:
- Get a lump sum amount of cash to invest in business.
- Borrow higher amounts
- Get funding in 2-7 days
Cons:
- May require some type of collateral
Best for:
- Businesses looking to grow
- Business owners with better credit and consistent business who can’t wait for funding
SBA Loan
These loans are guaranteed by the Small Business Administration (SBA) because of this they offer some of the lowest rates on the market as well as long repayment terms and the ability to borrow up to $5 million. Repayment ranges from 7- 25 years based upon how you plan to use the money. SBA loans are best for strong credit borrowers who have been operating for 2 years and are willing to work on the long application process to expand their business or refinance debt.
Pros:
- Lowest rates on the market
- Borrow as much as $5 million
- Longer repayment terms 7-25 years
Cons:
- Long application process
- More qualifications required
Best for:
- Expanding businesses or refinancing debt
- Business with good credit willing to wait for funding
Business Line of Credit
A line of credit gives you access to funds up to your credit limit which can be borrowed and paid back multiple times while only paying interest on the money you borrow. This is a flexible and typically unsecured way to borrow money for seasonal businesses or businesses that need help managing cash flow or handling unexpected expenses.
Pros:
- Flexible borrowing
- Typically no collateral required
Cons:
- May have maintenance fee or withdrawal fee
- Good credit and consistent revenue required
Best for:
- Short term needs
- Seasonal business to manage cash flow
Equipment Financing
Equipment loans help you with the purchase of machinery and equipment essential to running your business. You can use an equipment loan to purchase anything from office furniture and medical equipment to farm machinery or commercial ovens. The equipment serves as collateral and the term is usually calculated off of the expected life span of the purchased equipment.
Pros:
- After payment has been made, you own the equipment.
- If you have good credit and strong finances, you can get competitive rates.
Cons:
- May need a down payment
Best for:
- Businesses in need of equipment with competitive financing rates
Working Capital Advance
A Working Capital Advance is the fastest and easiest way to get the cash you need. Those needs can include costs such as rent, payroll, and debt payments. This type of financing does not require collateral so there’s no lengthy process of appraising property. A great option for managing cash flow.
Pros:
- Fast cash
- No collateral required
- Easier qualifications means fast approvals
Cons:
- Cost of borrowing may be high
- Good credit and consistent revenue required
Best for:
- Short-term needs
- Managing cash flow
Commercial Real Estate Loans
Commercial real estate loans helps to take your commercial real estate needs to the next level. You can use the funds for fix and flip and buy and hold properties, such as short-term rentals, AirBnb, new construction, non-owner occupied single-family homes, multi-family, retail, industrial, office, and hospitality.
Pros:
- Many options available to fit your unique investment goal
- Short-term to long-term financing
- Low interest rates
Cons:
- Requires real estate as collateral
- Down payment and closing costs may apply
Best for:
- Real estate investors and developers
- Businesses with real estate
401(k) Loan
Finance your startup or existing business using your retirement funds without paying penalties or taxes.
Pros:
- Withdraw funds without penalties or paying income tax
- Loans does not count as debt on your credit report
- Qualify with more than $25,000 in 401(k) account
- Generally, a cheaper option than taking out other loans and don’t have to worry about a loan application
Cons:
- 401k must be from previous employer
- Business should not have w2 employees
- Take out up to 50% of the account value or $50k (whichever number is less)
Best for:
- Businesses owners looking for a small loan
- Business owners who may not have a strong credit score
Credit Repair
Credit repair will assist you with removing blemishes on your credit to overall improve your score helping you to get better rates and save you money in the long run.