Many business owners run into a situation where the owner needs access to emergency cash. And often times the owners have asked themselves can I get cash flow funding with bad credit? Can I repay my cash flow funding? How do I qualify for cash flow funding, period. SpotOn Financial can answer those questions with one word, YES! Whether your business is barber shop in Denver, or a new restaurant in Pueblo, or a second generation auto repair shop in Colorado Springs, Colorado. Your business qualifies. SpotOn Financial is proven and experienced business financial consultant that can help your business get cash flow funding fast and easy, and with the lowest cost to you and your business.
Cash flow Lending is also known as a merchant cash advance.
It is easier to explain what cash flow lending is not, a cash flow funding is not a loan. It is a lump sum payment provided by a lender based on the cash flow of a business. The cash flow is the collateral or asset used to secure the funding. The cash flow funding is typically repaid using daily or weekly bank ACH debits or by the credit card processing from a business.
This form of business financing is designed for businesses that have been in business at least six months, have monthly deposits of at least $15,000, and need to rebuild or establish business credit . Typically this type of funding can be provided even with a challenged credit history. As a local lender partner for business loans in Colorado Springs, Pueblo, and Denver Colorado, SpotOn Financial brings an ever expanding network of lenders and over twenty-three years of experience as a business financial consultant helping business owners apply and get approved quickly for cash flow funding.
The cost to a borrower for cash flow funding could be significant based on a few factors. The first is the stability of the cash flow to the business. If the business struggles with collection, or unstable deposits. The business could miss payments to the lender resulting in additional costly bank fees, and even default. Cash flow based funding is ideal for short term financing and should never be considered a long term debt strategy. In addition, the cash flow lenders typically will fund a business owner with less than perfect credit. This added perk is actually a hidden cost. The better your business and personal credit the lower the rate.
The process for funding is simple, fast, and easy. With that being said there is nothing guaranteed but death and taxes. SpotOn Financial will meet with you to discuss your short term funding needs. We will assess your business to determine what funds you can get, the term available, and the cost for you. Once we identify these options for you, you will decide to engage SpotOn Financial to secure those funds on your behalf. Our job then becomes the collection of the financial documents, providing our expertise regarding potential hurdles to funding, and then finally using our relationships with the lender we offer your package for review. Because we are paid a success fee from our clients, we do not take compensation from the lender. Thereby insuring the borrower gets the most favorable terms.
Are you ready to consider your options? The financing process no matter what it is can be daunting to say the least. Hiring a financial services broker can eliminate most of the headache, prevent delay, and if leveraged correctly will enable you to access lenders or partners you may not otherwise get on your own. Lenders can be tricky when it comes to reviewing a borrower and establishing risk. SpotOn Financial has direct relationships with over forty major and small cash flow lenders. Call us today to discuss your funding needs and if we can help you, we will get you the most funds at the lowest cost to you.
Are you ready to get your funding application done? SpotOn Financial can offer you cash flow funding immediately and with a simplified process. In addition to funding we can offer you expertise that will build your business, protect your business, and support your business.