| Best Fit Financial LLC "Worth telling your best friend about" |
Cash Flow: As we all know,managing your business' cash flow is extremely important. Outside of long term borrowing for plants, builidings
and land loans that fund your business' cash flow will rank among the highest. Below you can see some additonal information about the most
commonly used programs to achieve your cash flow needs. Different businesses will have their own characteristics that will tend to guide you to
the most helpful program. It may be that you will consider a combination of these programs, depending on your operation and cash flow needs.
There are different costs and requirements associated with each different type, so collecting all the information is important to you while making
your decision. We are here to assist you through this process. Read below and we will SHED SOME LIGHT on accessing your cash and equity.
and land loans that fund your business' cash flow will rank among the highest. Below you can see some additonal information about the most
commonly used programs to achieve your cash flow needs. Different businesses will have their own characteristics that will tend to guide you to
the most helpful program. It may be that you will consider a combination of these programs, depending on your operation and cash flow needs.
There are different costs and requirements associated with each different type, so collecting all the information is important to you while making
your decision. We are here to assist you through this process. Read below and we will SHED SOME LIGHT on accessing your cash and equity.
Factoring is a process used to leverage your accounts receivables. The Receivables are used as collateral and you can get an
advance based on the total size of the invoices. While the percentage offered by your lender will be based on the strength of the
paying party, it could also vary based on other factors such as concentrations of accounts and normal paying times associated
with the receivable. The most common advance rate is 90%. There will be more monitoring and reporting on this type of borrowing
than you would have with term loans or inventory loans. Some of the lenders that participate in this area will have lending interests
that may revolve around the total size of the request, industry types, billing and black box requirements and contract periods. For
businesses that have a total loan request of $500,000 or less, requests may be approved in 72 hours or less for the new borrower
and upon request once your account relationship is in place.
This type of borrowing is very helpful to a young company that sells products to established businesses. Since the collateral is an
invoice on B2B the repayment of the invoice is the guiding party as to its credit worthiness.
advance based on the total size of the invoices. While the percentage offered by your lender will be based on the strength of the
paying party, it could also vary based on other factors such as concentrations of accounts and normal paying times associated
with the receivable. The most common advance rate is 90%. There will be more monitoring and reporting on this type of borrowing
than you would have with term loans or inventory loans. Some of the lenders that participate in this area will have lending interests
that may revolve around the total size of the request, industry types, billing and black box requirements and contract periods. For
businesses that have a total loan request of $500,000 or less, requests may be approved in 72 hours or less for the new borrower
and upon request once your account relationship is in place.
This type of borrowing is very helpful to a young company that sells products to established businesses. Since the collateral is an
invoice on B2B the repayment of the invoice is the guiding party as to its credit worthiness.
Inventory brings with it certain pressure on cash flow. For manufacturing companies and certain wholesale and retail companies,
inventory is a must. Most operations do not want to have all their profits or cash tied up in just the inventory. Therefore, borrowing
against your inventory can be very worth-while and needed in order to maintain sufficient inventory levels, seasonal sales,
fluctuating cycles, volume discounts buying, time sensitive situations, or just taking advantage of more favorable buying terms.
Traditional bank lenders will be more concerned with the overall financial strength of the business than the value of the inventory,
but will take the inventory into account in the request. There are lenders in the market place that will focus more on the inventory
than the overall cash flow strength of the company. It is not uncommon that one would combine this type of borrowing with other
types discussed throughout our site. This type of borrowing need will very often be considered in a working capital request with
SBA guarantied loans. When you are looking for funding, and the collateral becomes the focus point more so than overall
operational profits, the need for the SBA guaranty becomes vital. Some lenders in this space will not look to the SBA but will price
their money higher to offset the same recognized risk. We can help you with your inventory loan request regardless of your
situation, so please give us a call.
inventory is a must. Most operations do not want to have all their profits or cash tied up in just the inventory. Therefore, borrowing
against your inventory can be very worth-while and needed in order to maintain sufficient inventory levels, seasonal sales,
fluctuating cycles, volume discounts buying, time sensitive situations, or just taking advantage of more favorable buying terms.
Traditional bank lenders will be more concerned with the overall financial strength of the business than the value of the inventory,
but will take the inventory into account in the request. There are lenders in the market place that will focus more on the inventory
than the overall cash flow strength of the company. It is not uncommon that one would combine this type of borrowing with other
types discussed throughout our site. This type of borrowing need will very often be considered in a working capital request with
SBA guarantied loans. When you are looking for funding, and the collateral becomes the focus point more so than overall
operational profits, the need for the SBA guaranty becomes vital. Some lenders in this space will not look to the SBA but will price
their money higher to offset the same recognized risk. We can help you with your inventory loan request regardless of your
situation, so please give us a call.
| Phone: 1-423-943-3938 Contact Us |
Program Highlights : Revolving Line or AR
No Credit Score Minimum or Tax Returns
No Lockbox (the borrower pays us back NOT their client)
Funding Decisions Online in 3 Minutes (zero paperwork!)
Rates Start at 0.4% (Only $4 on $1,000 borrowed!)
No Prepay Penalty, No Upfront Fees or Junk Fees
Borrow from $1,000 to $100,000 in 1 Day
Revolving Funding (draw funds over and over)
No Collateral, No Liens and Few Restricted Industries
*For requests in excess of $100,000, please contact us for more
infomation.
No Credit Score Minimum or Tax Returns
No Lockbox (the borrower pays us back NOT their client)
Funding Decisions Online in 3 Minutes (zero paperwork!)
Rates Start at 0.4% (Only $4 on $1,000 borrowed!)
No Prepay Penalty, No Upfront Fees or Junk Fees
Borrow from $1,000 to $100,000 in 1 Day
Revolving Funding (draw funds over and over)
No Collateral, No Liens and Few Restricted Industries
*For requests in excess of $100,000, please contact us for more
infomation.
Access your cash fast and easy as you need it.
Link Your Accounting Software (QuickBooks Online and Desktop,
Xero, Freshbooks, Clio, Invoice ASAP, Kashoo, Harvest, Jobber,
Zoho, Ebility, PayPal and more)
*This is not a consumer financing program. Borrowers must be a
business owner and have an active business bank account. Funds
obtained through this program cannot be used personally and
must be used for business purposes. The financing described
above is offered through a third-party and borrower approval is not
guaranteed.
Link Your Accounting Software (QuickBooks Online and Desktop,
Xero, Freshbooks, Clio, Invoice ASAP, Kashoo, Harvest, Jobber,
Zoho, Ebility, PayPal and more)
*This is not a consumer financing program. Borrowers must be a
business owner and have an active business bank account. Funds
obtained through this program cannot be used personally and
must be used for business purposes. The financing described
above is offered through a third-party and borrower approval is not
guaranteed.
Now Available
WOW!
New High Tech Program
makes it easy, fast and efficient
to access your line of credit.
Apply Here Now
WOW!
New High Tech Program
makes it easy, fast and efficient
to access your line of credit.
Apply Here Now
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