Small Business Funding provides small business owners with strong daily credit or debit card receivables an avenue of funding outside of traditional lending framework. Small business funding can unlock growth opportunities for small businesses. There are four "Key" areas of small business funding and repayment process:
Risks must be mitigated to make funding viable. We ensure that funding is provided to businesses with strong receivables and a proven ability to meet their obligation.
Daily, weekly and monthly payments are processed through a merchant processing provider and can be run either as ACH or credit processing.
We fund only those businesses that show a strong likelihood of meeting the financial obligations of the funding agreements. We purchase from a business an amount of future receivables, at a discount. We are then authorized to collect a portion of the business receivables daily.
We require that each business receiving funding to provide direct login access to its accounts and authorize direct draws in the event of default. Additionally each business owner signs personally as guarantor of the small business funding repayment and agrees to a stipulated judgment, executable against business assets.