Boost Cash Flow
Managing a business’s cash flow is a balancing act. An abundance of cash could mean you’re missing opportunities to make it grow. If your cash flow is down to a trickle, you may be headed for a crisis. Don’t wait for traditional financing to take action! Get the cash you need now.
Sale-Leaseback
If your company owns valuable equipment and needs to boost cash quickly, a sale-leaseback could be the answer. This option lets you sell the equipment to a buyer, but keep it in place in exchange for a monthly or quarterly payment. You’ll get the cash you need upfront without giving up the use of your equipment. Increase your cash flow without disrupting your workflow. When your lease expires, choose to renew, surrender, or buy back the equipment.
A sale-leaseback is not a loan. Instead, it’s a sale of assets. Much like a hard money loan, approval doesn’t depend on your business or personal credit score. How much cash you receive depends on the value of the equipment you sell. If you work with industrial ovens, medical diagnostic equipment, construction vehicles or high-performance software, a sale-leaseback is a fast way to boost your working capital. Ask us for more information on a sale-leaseback today.
Lines of Credit
If your business relies on seasonal sales, you’re probably familiar with the ups and downs it creates in your cash flow. Retail, recreation, construction, and landscaping are just a few industries that experience this financial roller coaster. A line of credit smooths out those bumps so you can stay on track all year long. Secured and unsecured lines of credit are available, depending on how you want to access cash. Secured lines use real estate, equipment, or inventory as collateral. Unsecured lines rely on your business’s credit history to determine your line’s credit limit.
Use your line of credit when revenue is slow and add back into your credit balance when cash flow is up again. Since most lenders don’t charge interest if you have a zero balance in your account, lines of credit are ideal as backup cash in case of emergencies. Keep a line open to access the credit you need at a moment’s notice. Ask our brokers how to plan ahead with a line of credit today.
If your cash needs aren’t immediate, try these other financing options:
Start Here
SBA 7 (a)
Bridge Loans
Working Line of Credit
Many businesses start out with a business credit card which is a relatively easy quaification, but which comes with high interest rates and limited terms. For example, when a business needs to meet payroll, a business credit card can’t make the payment. Owners are pushed by many cards into a “merchant cash advance,” which is a high risk, high interest advance on future sales. Based on cash flow, this option sets many small businesses back.
A working line of credit starts with a more comprehensive evaluation of your business and results in lower interest rates, and far more flexibility. In most cases, businesses can draw cash on the account without the added penalties, and interest rates are lower and more manageable. Owners have a choice of unsecured or secured lines of credit. Unsecured lines have an interest rate between a secured line and a business credit card and come with lower limits. Because lenders have no assets secured in the deal, they are at higher risk in this scenario. Secured lines of credit come with higher limits, increasing your ability to grow, adapt and flex to customer requests.
Factoring
Waiting on accounts payable can take months. In the meantime, your cash flow may depend on those payments to help you get supplies and materials for incoming orders. This tension strains your finances and diminishes your ability to expand your business. Instead of waiting, use factoring to get the cash you need right away. You won’t add debt to your balance sheet and don’t have to pay back the funds unless your clients refuse payment.
Factoring works by selling your accounts receivable to a factoring firm. The factoring company gives you a percentage of the account value right away. When your customer pays their invoice, purchase order, or contract, they pay directly to the factoring firm. The remaining cash goes to you after a small factoring fee. Most firms charge an average of 3% to 5% in fees. Don’t wait 30, 60, or 90 days for cash to come in. Move forward now by speaking with our brokers about factoring.
Lending Overview
The sooner you can boost your cash flow, the better. Our brokers will help you access financing fast without having to give up your assets or investments. Tap into a wide range of options and boost your cash flow in as little as 24 hours. We’ll help you streamline your application and guide you to the best financing available. Contact our brokers to talk about your business’s cash flow needs today.
The Process Is Simple
Step 1:
Calculate your available working capital. If you’re running low, it’s time to speak with a broker about cash flow options. If you have excess working capital, we can show you how to invest it back into your business.
Step 2:
Consider how much cash you need and what your repayment plans might be. Short-term loans will require repayment faster than other financing options.
Step 3:
Speak to a professional broker about which funding options fit your business needs. When you know what you want, we’ll help you find the right lender.