Running a business today will have many obstacles and hurdles that will have you second guess your decision to run your own business. And many of those bumps in the road will require working capital loans to help grow your business with the purchase of new machinery, adding more employees, adding a more direct focus and expensive marketing plan. Whatever your need will be it will require additional business funding to succeed.
We at Atlanta Business Capital recognize that you are not alone in your quest to grow your business the right way so we would like to help!
We dedicate ourselves on providing our clients with the correct focus and knowledge to obtain a cash advance loan that is right for their needs. Our drive will be to deliver a loan package that will help solve the immediate hurdle while setting up the future with easier financial solutions to help their business prosper.
Atlanta Business Capital can get you funded quickly with loan amounts between $5,000 to $500,000 within 24 to 48 hours with a simple and quick application process with very little focus on credit scores and more driven on monthly business bank deposits.
If you already have an Advance Loan but need more working capital please let's us know. Our network will allow for multiple loans for qualified business owners.
There are numerous types of working capital loans, the most common being a quick pay short-term working capital loan. The amount can be as low as just a few thousand dollars since it is based on the daily and/or monthly costs of running your business. You would have as little as four months to pay off the debt in full, and payments can be collected on a variety of frequencies.
Potential borrowers with substantial credit card sales would be wise to consider a Merchant Cash Advance. This type of working capital loan supplies a lump sum in exchange for a fixed percentage of daily debit and/or credit card sales, until the balance is paid back. The amount is based on the amount of debit and/or credit transactions you are projected to perform over a set period. Payments are only deducted when you make sales so as not to impact your cash flow negatively. This options is quick, simple, & easy and most will qualify regardless of credit scores but more focused on Deposits into the business checking.
Another type of a quick funded working capital loan we offer is Accounts Receivable Factoring, which is tailored for borrowers with unpaid receivables or invoices. After evaluating the entity that owes the borrower, we purchase the unpaid receivables for a discount and then pay the borrower right away. It is then our responsibility to collect the payment from the customer or client. Once the payment is collected, the borrower is paid whatever was missing from the first payment, minus a percentage. The discount and percentage are the fee, similar to interest on a traditional business loan.
To get your application processed today you will need the following items for a quick and easy process that will have you funded in 24 to 48 hours.
With the above items I can determine the loan amount and term to be repaid once I submit those items to my underwriters in my partnership network.
Qualifying for a working capital business loan
SBA loans are the most misunderstood loans in the market for business owners. Having the right
business consultant that will help you navigate through the process is the key into clearing up the
fog and putting your business on the right path of financial success. As a business owner, what loan you take out to finance your business needs could alter your business and cash flow for years to come that could be good or bad.
The Small Business Administration (SBA) works with lenders to provide loans to small businesses. The agency does not lend money directly to small business owners. The SBA will set guidelines for loans made by its partnering lenders/ funders, banks, and many micro-lending institutions. The SBA guidelines and support will reduce the risk for lenders and make it easier for them to access capital. That makes it easier for small business owners, such as yourself, to get loans.
SBA guaranteed loans generally have rates and fees that are much lower than all Advance loans and many bank business loans. Repayment plans are monthly with periods lasting up to 10 years to spread out your payment options.
Some loans come with continued support to help you start and run your business. Having the ability to have access to a business specialist that can help with marketing strategies and other business needs can go a long way.
Based on loans type, SBA offers lower down payments, flexible overhead requirements, and no collateral needed for some loans.
$30,000 to $49,000 Prime Rate plus 3.75%
$50,000 to $350,000 Prime Rate plus 2.75
*** Prime Rate as published by the Wall Street Journal ***
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Funding as fast as 7 days after application is complete