Alternative Business Financing for Your Business

Credit Downgrades, the Credit Act and too much government intervention impact all small businesses, especially if your business is in need of financing.  More businesses are opting to alternative business financing because business owners can’t get financed at their local bank.  The rate of approved traditional business loans have fallen by 4.7% since 2011, but the rate for alternative business financing has increased  (Source:  Bloomberg)  What are your  lending alternatives if  your business gets turned down for traditional financing? Alternative Business Financing for Your Business

Micro Loans

Micro loans are fast and easy; it’s a simple way to get quick cash for your business, loan amounts range from $50,000- $250,000.  Micro loans are:

  • Merchant Cash Advance
  • Cash Flow Loan
  • Inventory Loans
  • Small Business Expansion Loan

Micro Loans are ideal for carry-outs, car washes, franchises, heating and cooling, pet care, restaurants, retail stores and salons.

Factoring Loans

Waiting to get paid for your invoices, but need cash now? Select a factoring loan, factor your accounts receivable and get fast cash for your business.  Loan amounts range from $50,000 to $500,000

Purchase Order Financing

Finance your purchase orders to get quick cash for your business now.  Example: Our client had purchase orders from Verizon, he could not obtain an asset based loan because of his industry, instead he opted to purchase order financing, which gave him capital he needed for his business.

Don’t rule out alternative business financing for your business, especially if your business is growing and performing.

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 For more information on how we can improve your small business and credit in Chicago IL, Naples FL and Palm Beach FL, please fill out the online contact form about your concerns or give us a call at 866.885.5131. Read what our valued clients have to say about First Pro Capital on our Testimonials page.

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