Viable Alternatives for Your Specific Financing Needs
If you don't qualify for conventional financing, Allied Financial Group, Inc. in Upland, California, offers alternatives like hard money loans and merchant cash advance. We serve most industries, including contractors, distributors, manufacturers, and service companies. Our service is perfect for companies that need:
Immediate Working Capital to Facilitate a Large Order | To Improve Cash Flow to Cover Operations | To Raise Capital to Meet Payroll or to Pay Vendors | To Address a Tax Liability
Factoring of Accounts Receivable
Factoring is a financial transaction wherein a business sells its accounts receivable (i.e., invoices) to a third party at a discount. This "off-the-balance sheet" financing allows a company to obtain working capital immediately from its accounts receivable as opposed to waiting 30-60 days for the customer to pay them. An advance on invoice can range from 70% to 90%. Subcontractor receivables are eligible as well.
Purchase Order or Contract Financing
Purchase order financing is a funding option for businesses that need cash to fill customer orders. The lender advances funds against a Purchase Order (PO) to pay vendors for raw materials. PO lenders prefer to advance against orders that do not require a complex manufacturing process. The creditworthiness of the customer is essential. Advance on PO can range from 50% to 80%, and fees are based on each transaction.
Hard Money and Bridge Loans
A hard money loan is a specific type of financing secured by the value of a parcel of real estate. Interest rates are typically higher than conventional rates based on higher risk, and can range from 8.9% to 11.9%. Bridge loans are typically hard money loans wherein long-term financing is pending, and requires more time to close. Loans are based on equity in the property, and the loan to value can range from 50% to 80%. Typical loans have interest only for 6 to 24 months.
Merchant Cash Advance
Ideal for retail businesses, a merchant cash advance is a business loan that uses your merchant account as collateral. Your business may have a portion of credit card sales that qualify for an advance against future payments. Credit issues or concerns may not impact your ability to obtain this type of financing for your business.
Cash Flow Loans
A cash flow loan is a type of debt financing wherein a bank lends funds (generally for a working capital) using expected cash flows that a borrowing company generates as collateral. These loans are typically easier to obtain than other business loans, regardless of credit issues. A quick closing is available. You may borrow anywhere from $5,000 to $150,000.
Unsecured Business Lines of Credit
An unsecured loan or credit line is secured only by the personal guarantee of the borrower, not by any assets. If a borrower does not pay an unsecured loan, the lender has no assets to sell to recover its money. Unsecured lines of credit are typically approved for business use. These credit lines are ideal for business owners with a FICO score of 700 or higher. Lines of credit are available from $20,000 to $150,000.
The residents of Atlanta, Boston, Charlotte, Chicago, Dallas, Houston, Los Angeles, Miami, New York City, Philadelphia, Phoenix, San Francisco, Seattle, and Washington DC that have tried our Alternative Financing have all raved about how friendly and knowledgeable our staff is. We know your satisfaction with our Alternative Financing is the only thing that will make you use us again, and more importantly cause you to refer any friends or family to us.
We specialize in offering working capital solutions for any business
We know we have to give you a great price for our Alternative Financing and make it an easy and enjoyable experience across the USA.
The easiest way for us to prove to you how well we provide our Alternative Financing is by trying us out. Please call us today so that we can help you with all your Alternative Financing needs across Atlanta, Boston, Charlotte, Chicago, Dallas, Houston, Los Angeles, Miami, New York City, Philadelphia, Phoenix, San Francisco, Seattle, and Washington DC.
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