A Wealth of Loan Choices
Merchant Cash Advancement
A merchant cash advance (MCA) is an alternative type of business financing that advances a lump-sum payment based on future credit, debit card sales, or revenue.
You’re essentially guaranteeing the advance with future revenue. This type of financing is typically for businesses that get revenue through credit card sales.There are 2 types of MCA loans Percentage of Revenue MCA > Fixed Payments
Small Business Administration Loan
SBA loans are business loans partially guaranteed by the U.S. Small Business Administration and issued by participating lenders of MTP.
The SBA sets guidelines for loans made by its partners, but does not lend money directly to small business owners that is done by companies like us and the lenders we are partnered with. SBA loans have tight lending standards, but flexible terms and low interest rates.
Term Loans
A business term loan is a sum of capital that you pay back with regular repayments at a fixed interest rate. Traditional financing is what most people think of when it comes to small business loans.
Repayment Structure: You’ll make regular payments (usually monthly) over a predetermined period, typically ranging from 1 to 10 years.
Loan Amount: Business term loans can range in size from $5,000 to $5 million.
Equipment loan/leasing
Equipment leasing loans are a type of equipment financing, which is the process of obtaining business equipment using a loan or lease.
Equipment leasing loans involve the lender buying the equipment and renting it back to the business for a fixed monthly fee.
Equipment leasing loans do not appear on the company balance sheet and the lease payments are deductible expenses.
Business Line of Credit
Business Line of Credit is a credit line that remains available even as you pay the balance. Borrowers can access credit up to a certain amount and then have ongoing access to that amount of credit.
Revolving credit is a line of credit that remains open even as you make payments.
You can access money up to a preset amount, known as the credit limit.
When you pay down a balance on the revolving credit, that money is once again available for use, minus the interest charges and any fees.
Invoice Factoring
Invoice factoring, similar to accounts receivable factoring, is a way for small businesses to get access to immediate cash before a customer pays an unpaid invoice.
Instead of one invoice this is based off of your entire open receivables which essentially means the entire amount that your customers owe you across multiple invoices
Invoice Financing
Invoice financing, also known as accounts receivable financing, is a powerful financial tool that empowers businesses to improve cash flow
With this solution, businesses can unlock the value of outstanding invoices by selling them to a third-party financial institution, often at a discounted rate.
Microloans
Microloans are small loans for businesses that need a non-traditional way to get funding. They are smaller than a typical small business loan, making them easier.
Microloans are designed to help meet the needs of startups and small businesses that may not qualify for funding elsewhere. They are generally available in amounts up to $50,000
Credit Card Splits
A credit card split allows the business to only have to pay a certain percentage of their credit card sales each month rather than the full amount.
That’s what a credit card split is for; it’s a simple payment system that can work alongside your business to assure that your debts are cleared in a professional, timely manner.