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. 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. Lines of credit are available from $20,000 to $150,000. These credit lines are ideal for business owners with a FICO score of 700 or higher. Unsecured lines of credit are typically approved for business use. If a borrower does not pay an unsecured loan, the lender has no assets to sell to recover its money. Unsecured Business Lines of CreditĪn unsecured loan or credit line is secured only by the personal guarantee of the borrower, not by any assets. You may borrow anywhere from $5,000 to $150,000. These loans are typically easier to obtain than other business loans, regardless of credit issues. Cash Flow LoansĪ 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. Credit issues or concerns may not impact your ability to obtain this type of financing for your business. Your business may have a portion of credit card sales that qualify for an advance against future payments. Ideal for retail businesses, a merchant cash advance is a business loan that uses your merchant account as collateral. Typical loans have interest only for 6 to 24 months. Loans are based on equity in the property, and the loan to value can range from 50% to 80%. Bridge loans are typically hard money loans wherein long-term financing is pending, and requires more time to close. Interest rates are typically higher than conventional rates based on higher risk, and can range from 8.9% to 11.9%.
Hard Money and Bridge LoansĪ hard money loan is a specific type of financing secured by the value of a parcel of real estate. Advance on PO can range from 50% to 80%, and fees are based on each transaction. The creditworthiness of the customer is essential. PO lenders prefer to advance against orders that do not require a complex manufacturing process.
The lender advances funds against a Purchase Order (PO) to pay vendors for raw materials. Purchase order financing is a funding option for businesses that need cash to fill customer orders. Subcontractor receivables are eligible as well. An advance on invoice can range from 70% to 90%. 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. 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 Receivableįactoring is a financial transaction wherein a business sells its accounts receivable (i.e., invoices) to a third party at a discount. Our service is perfect for companies that need: We serve most industries, including contractors, distributors, manufacturers, and service companies. in Upland, California, offers alternatives like hard money loans and merchant cash advance.
If you don't qualify for conventional financing, Allied Financial Group, Inc. Viable Alternatives for Your Specific Financing Needs
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