How Funding is Priced
How is Small Business Funding Priced?
Small business funding is not the same as a traditional bank loan. As you probably know, banks make it nearly impossible for small companies to borrow money. Unless you have perfect credit, loads of collateral and can personally guarantee the amount of money you need, your chance of securing traditional funding are nearly zero. Shore Funding Solutions understands that not everyone is in a position to personally guarantee an advance. We know that you may not have the best credit. Shore Funding also knows that regardless of your financial and business picture, you sometimes need extra capital to fulfill a last minute order or invest in a worthwhile project.
Funding Based on Your Business, Not Just Your Personal Credit
When determining how to arrange for the funding your business needs, Shore Funding considers all forms of your business income from bank statements to credit card processing history. We can then lend you a percentage of what your business grosses each month. With our common sense underwriting and numerous contacts, we have the ability to approve 90% of requested cash advances.
After reviewing your income history and gathering some additional information, we can work with our underwriters to find you the very best funding solution to suit your specific business needs. We base your cost on the amount of risk involved in advancing you the capital.
Businesses vary and providing a cash advance to one business may be riskier than another. The lower the risk, the more money you save when you repay the advance. The greater the risk, the higher the cost you will pay for the capital. How simple is that? Regardless of the risk, you quickly receive the cash you need to grow or sustain your business.
Flexible Funding Terms
Shore Funding Solutions offers flexible terms between 3 and 18 months. You have the opportunity to renew your advance after you pay half of the amount you owe.At that time, you may be eligible for a reduction in costs, more capital, and longer terms if you need them. Our flexibility does not stop there. We offer multiple remittance options also. We offer ACH fixed and adjustable programs, batch percentages, lock box remittance programs and much more. At Shore Funding Solutions, we will help you customize the terms of your cash advance. We have the resources and experience to find the right deal for you and your small business.
Interested in Small Business Funding? Apply Today!
Don’t let bad credit stop you from filling out our online application. Two minutes and a few questions can change the trajectory of your small business. When you need some extra financial support to expand your company or just get through a rough patch, we can help. Partnering with Shore Funding Solutions gives you access to the most reputable lenders in the industry who are waiting to help customize a funding plan to help your business thrive. Whether you need fast cash to cover expenses or an advance to purchase new equipment for that big job, Shore Funding has a solution for you. Apply now.