Services
Term Loans
Obtaining financing through term loans is one of the most traditional funding options for established small businesses. These loans generally carry fixed interest rates and monthly repayment schedules which are based on the company’s revenue.
Most often, they’re used to finance inventory purchases, capital improvements, new construction and acquisition of large equipment and machinery. They can also be used to consolidate existing short debt to ease constraints on cash flow.
For many businesses, rates can start at 5.49% on loan amounts ranging from $25,000 to $2,000,000 with a fixed monthly payment over a 1 to 5 year period.
Business Lines Of Credit
A line of credit that can be drawn against as often as once a day for anything your business needs to grow, pay for only what you take.One of the most common uses for a business line of credit is to help maintain cash flow, at some point all businesses will experience some degree of cash flow problems.There are unexpected circumstances that arise that can put even the strongest of small businesses into a cash flow crunch such as customers who are slow to pay their bills, a sudden drop in sales, a recent influx of new employees ( which means additional payroll) or unexpected expenses.Whatever the reason, it’s normal for businesses to occasionally have urgent short – term needs for additional cash.
A maximum credit limit is established and companies can borrow as little or as much as needed up to that limit. Payments on the line of credit would generally be made on a monthly basis. This is a good funding option for small businesses who require financial flexibility to meet short-term needs.
Equipment Financing
Equipment financing is a convenient way of obtaining critical equipment needed for your business without breaking your neck. Huge up-front costs involved in buying expensive equipment can be a burden for small businesses. Even for big enterprises which can afford to buy expensive equipment, spending a huge amount all at once may not be a preferred option. Equipment funding comes in handy in such instances. Lenders provide secured loans in which the purchased equipment itself acts as the collateral. Equipment loans give you the flexibility of paying back the amount in smaller payments spread over a period of time. Get fast and easy funding to buy or repair critical equipment required, at Swiftly Capital. Tell us your requirements and we will suggest the most suitable equipment loan for your business.
Merchant Cash Advance
Merchant cash advance is an alternative to traditional loans. Businesses with low credit score and limited or no assets can raise funds through this system. If you own a business with a decent volume of card transactions, then merchant cash advance system could be the ideal funding option for you.
Merchant cash advance system has many advantages over a conventional loan. You obtain the financial aid required, without a collateral. Here the lenders offer you the required amount in exchange for a share of your future credit card sales. Remittances are drawn on a daily or weekly basis. Since the remittances fluctuate according to sales volume, the MCA system offers greater flexibility to the businesses.
Cash advances are processed much faster than a conventional loan. If you have a short-term credit requirement and do not qualify for a traditional loan, merchant cash advance is the right solution for you.
SBA Loans
SBA loans are small business loans partially guaranteed by the US federal agency, Small Business Administration. Committed towards the growth and development of small businesses, SBA partners with lenders nationwide to provide loans on flexible terms and low interest rates. In other words, SBA loans are issued by private lenders and backed by the government. SBA guarantees a portion of the loan and repays it in case the business fails to repay it. This reduces the risk for the lenders and makes it easier for businesses to get loans. SBA loans can be great choice for businesses which might have trouble qualifying for traditional bank loans.
Choosing the right funding option for your budding enterprise might be a game changer. At Swiftly Capital we offer you a wide choice of start-up friendly SBA loans.
