Businesses can sell Invoices to a third party company for the improvement and management of cash flow, additionally often aiding in the reduction of bad debt. When Invoice Factoring is used in business, an almost immediate benefit is realized because of the immediate boost to cash flow, while at the same time reducing the ‘follow up’ load by eliminating the need to process invoices, which can decrease employee payroll. With Factoring or Invoice Financing, since the third party buyer assumes all risk if the invoice is not paid, an additional benefit is the reduction in bad debt.

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The S.B.A. is a Government Guaranteed Program; it does NOT loan any money, but instead issues guarantees to lessen the risk for many banks (and a handful of non-bank lenders) who make the actual loans.

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Any business loan acquired to provide capital for the purpose of purchasing or leasing equipment. Financing methods can include equipment leasing, SBA and other government loans, as well as sale-leaseback and other collateralization of existing equipment toward additional purchases.  Equipment leasing often is desirable when depreciation is a higher factor.

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When you use a Merchant Cash Advance, the business gets a cash advance – usually approved and funded in a matter of a day or two – it’s relatively easy and very little paperwork is needed. Of course, you contractually agree to pay back the advance, and the additional agreed upon fee.  The funding provider takes a portion of your credit card sales each day directly from your business account, until the entire amount has been repaid.

Merchant cash advancing is a widely accepted way to get quick cash, but it can also be very expensive. Fees range from 15% to 85% APR or higher, based on the amount financed. Funding providers measure their fees naming a factor rate, which can average from 1.15 to 1.50. The amount of advance you receive is multiplied by the factor to determine the total amount you’ll pay back. The Funding Provider accepts your payments as a fixed percentage of your credit card revenues each and every day until the loan has been paid off.  Effectively during slower sales months you’ll repay a percentage of decreased receipts, thus less money during slower periods. Repayment periods are usually 8 – 9 months, or as little as 4 months and as long as 18 months. The higher the fixed percentage of your credit card sales sharing, the lesser the time needed for repayment.

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Uncollateralized Business Line-of-credit loans (UBLOC). Often the most flexible, and useful type of loan for a small business is the UBLOC loan. This is a revolving type of credit that can place loan proceeds directly into your business checking account up to the maximum amount of your approved credit accounts. Interest rates vary but currently rates are more attractive than they have been in the past and customarily, you only pay interest on the actual amount advanced from the time it is advanced until it is paid back. Often with UBLOC accounts there is an upfront one-time setup fee the amount of which varies greatly. This type of business lines of credit funding can be used to pay any and all business expenses without bank or lender pre-approval. For the purchase of real estate, property and other assets, normally it is recommend you use asset-based type loans.

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Ultimately, by utilizing our trademarked PUBLOC™ (Portfolio of Uncollateralized Business Line-of-credit loans) product and service, you are not only able to secure the funding you need, but also strengthen your credit for now and for the future.

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