Recapitalization, Refinance, and Cash Flow Support
The life cycle of a company rarely comes without its challenges. We have a number of valuable products to help you recapitalize and reposition your business to get you back on the right track, whether that means getting out of high interest short-term loans such as merchant capture advances, lengthening your current repayment terms, providing additional working capital when you are undercapitalized, and more.
Unlock the equity you have in free and clear equipment or consolidate and lengthen the repayment terms on existing loans that you have. If you paid cash for equipment or have worked hard to pay off all your debt and now need a shot in the arm, we can provide liquidity from otherwise illiquid equipment and titled vehicles. We are also able to combine business personal and real property, unlocking equity you have in real estate with equity you have in equipment in one loan or lease to own.
We have a lender who takes great pride in providing unsecured loans and lines of credit whether starting a business or already established. If you are in need of unensured financing, we are likely able to help. Additionally, we can help with personal loans to individuals in need of cash for everything from home improvement projects to medical bills to debt consolidation.
For established businesses that have assets to pledge to a loan, we offer traditional working capital loans with great rates and up to 1-4 years to repay. Our lender is an industry leader that works hard to provide the best credit financing solutions for our clients.
This is a conventional fixed rate loan in amounts of between $20,000 and $500,000. We also have a FAST TRACK loan program where we can provide a loan of between $20,000 to $100,000 and all we need is an application and the last four months bank statements and can have an answer in 24-48 hours and fund shortly after the approval.
The application takes less than 10 minutes and funding can be available in as little as 3 days. This is a great program for clients in a wide variety of industries. A sample of the Industries and the restricted industries are listed below:
Included Industries:
- Gas Stations
- Convenience Stores
- Dry Cleaners
- Agriculture/Farming
- Distilleries/Breweries
- Restaurants/Bars
- Liquor Stores
- Healthcare
- Pet Care
- CPAs
- Lawyers
- Engineers
- Hotels & Motels
- Other Personal / Professional Services
Unlock the Cash Tied Up in Your Receivables
Accounts Receivable Financing, or Factoring, is financing using your invoices as collateral. Borrow against the accounts receivable assets you have created by the work you have done, and be positioned to obtain capital immediately as you grow. Even if you check all the boxes to obtain a line of credit from a bank, this product allows you to have nearly unlimited access to capital without having to worry about the continuous bank underwriting, the loan covenants, and the unexpected change of course from the bank will sometimes do unexpectedly, either based on any number of criteria related to your company or maybe that has nothing to do with you, such as their own liquidity, other loan losses or their recent experience with other borrowers in your industry.
If you sell your products or services to businesses that pay in 30, 60, 90 days or more, First Funding Source has a liquidity solution for you. We can finance companies that are start-ups, losing money, or in bankruptcy because accounts receivable financing is based on your customer's credit, not yours. You invoice your client and send that invoice for the completed work to the factoring company. They pay you the bulk majority of what is owed to you the same day, allowing you to redeploy your capital instead of your client using you as their bank. An added value is that the factoring company then becomes your outsourced accounts receivable department. In addition, as a specialist in collecting on invoices, they check your customers' credit for you and notify you of bad risks and they provide detailed monthly statements. Qualifying accounts even get free credit insurance. Once your client pays them, they send you back the balance you are owed, net of the interest they have earned.
Stop being the bank for your clients, let our lender do that and allow you to redeploy your capital!
- Cash in 24 Hours
- No Personal Guarantees
- We Finance Any Type of Business
- No Recourse Even if the Account Does Not Pay
- Credit Insurance on Your Clients At No Cost To You
- No Arbitrary Loan Board Decisions, No Fixed Payments
- As Sales and Receivables Increase, Funding Increases
Focus On Your Business, Not Collections
Businesses that experience a challenge or need to reposition themselves usually take the first step of going to their bank for a line of credit or working capital loan, only to find out a bank has a hard time supporting businesses during challenging times. If there is a pressing need for funding, businesses often wind up having to resort to expensive short term “Merchant Capture Advance” loans, comparable to a business payday loan, which have large fees, high interest rates, and daily payments taken directly from the business’ point of sale system or bank account. We have a lending partner that refinances these loans, reducing rates and lengthening repayment terms. We have another partner who arranges more favorable terms with the existing lender, reducing the interest rate, modifying from daily to either weekly, semi-monthly or monthly payments, and lengthened repayment terms.
Often a company is approved for a loan through its bank, or financial institution, but the loan doesn't close for 4-6 months. During that time, we can provide a short-term bridge loan, which will be paid back when the senior loan closes, so your short-term financial needs can be met.
We can also provide other types of short-term collateralized loans and can usually close in 10 days or less.
We offer the nation's only non-transfer of title Securities-based loans. If you have a portfolio of securities, we can set up a line of credit of anywhere from 70-90% of the value of the portfolio. This is a true revolving line of credit, like a very low interest rate credit card secured by your financial investments. You can utilize the money for any purpose, with no restrictions.
Repayment is interest only, with no required monthly principal payments. The rates are very low and approval is almost guaranteed, regardless of personal credit. We can usually approve your loan within 3-5 business days with no credit checks. There is no sale of your stock. You receive all dividends. You can sell the stocks in your portfolio, as long as you buy other stocks of equal value.
You keep complete control of your portfolio, having the best of both worlds to leave your investments working while obtaining liquidity for other initiatives!
Learn More https://www.abnicholas.com/leverageline/?AIN=ABN-4587-194