Working Capital Loans can be obtained and used for most business purposes including: ·Construction, renovation or leasehold improvements. ·To purchase furniture, fixtures, machinery, or equipment. ·For the flooring of inventory and for working capital (payroll). ·As a down payment to finance the purchase of real estate for the business.
Credit FLrd Receipt Advances A cash advance loan up to a $200,000 that is secured against your regular occurring monthly merchant credit receipts. The loan is paid back via automatic deduction from future credit card transactions.
Sell Account Receivables Your account receivables are purchased at a small discount and you get cash now.
Business Credit FLrds These loans are unsecured and usually do not exceed $25,000. Loan limits are based on your personal credit score and not your time in business.
Sale and Leaseback Sale of an asset for cash, with a contract to lease the asset back from the funding source purchasing the asset. Sales tax can be an issue here with this type of funding.