Business Funding Solutions Available
Revenue-Based Business Loans ($5,000 – $600,000): This financing program provides financing to contractors who generate revenue that is deposited and reflected in their monthly banking statements. A qualified business can receive up to three times its average banking deposit history of the last 3-6 months. This type of financing can be a good option for businesses that need funds quickly with minimal paperwork. Funds can be deposited within 1-2 business days after application approval.
Business Cash Advances ($5,000 – $600,000): This financing program provides financing to businesses based on their credit/debit card processing volume, as evidenced by their monthly banking statements. A business can receive up to three times their average banking deposit history of the last 3-6 months. This type of financing can be a good option for businesses that need funds quickly with minimal paperwork. Funds can be deposited within 1-2 business days after application approval.
Line of Credit ($10,000 – 500,000): Lines of credit are flexible financing offered to businesses like yours. It allows you to borrow funds as needed, up to a pre-approved limit, and pay interest only on the amount you borrowed. Funds can be deposited within 1-2 business days after application approval.
Invoice Factoring ($10,000 – $5,000,000+): Factoring allows businesses to receive a lump-sum cash advance of up to 90% of the face of the B2B invoices for the projects they are working on. Example: A qualified business can get a $90,000 cash advance NOW for a $100,000 invoice with net billing terms of 30, 60, or even 90 days for the client to pay. This can be a viable solution for business owners who are looking for a quick and efficient way to improve cash flow and manage their overhead. Funds can be deposited within 1-3 days after application approval.
Equipment Financing ($25,000 – $2,500,000+): Equipment financing gets you the necessary equipment required to take on and complete more jobs. Acquiring the right computers, vehicles, phone systems, office furniture, tools, and machinery is crucial for any business looking to operate efficiently and stay ahead of the competition. Rapid Finance understands how important it is for businesses to have the equipment they need to succeed and grow their business. Funds can be paid directly to the equipment vendor (according to the purchase order) within 3-5 business days after application approval.
