Business Funding
Business Funding
Minimum requirements to get approved for business funding:
At least 6 months in business
Minimum of $10,000 in monthly gross revenue
Minimum of 3-6 months of business bank statements — *with required revenue reflecting*
Business Bank Account
Financing Options:
Equipment Financing – An excellent way for a growing business to get an edge. You receive the equipment upfront and pay it off over the life of the equipment.
Business Lines of Credit – A business line of credit works just like a non-physical credit card. The owner of a small business is extended a line of credit and is charged the interest only or what is spent.
Business Term Loan – A standard bank-type loan. You receive the funding and pay off the principal plus interest over time.
Merchant Cash Advance – A merchant cash advance is borrowed against future credit card sales. A borrower then pays back a percentage of daily CC sales to the lender. So, you never have to see the payments!