Today's economy is challenging, to say the least. And...that is especially true when talking about small start ups and companies that are in their earliest stages of operation and having little credit history and minimal collateral. Unless collateralized by real estate, bank lending for small business is all but non-existent.
But, there are alternatives to traditional bank loans when seeking funding for your small business and at Chicago Business Capital, LLC, we specialize in such alternatives. For many small business owners, we can provide:
Factoring: the financing of accounts receivable due from your customers
Inventory Finance / Asset-Based Lending: a revolving credit line based on accounts receivable, inventory, and equipment
Merchant Cash Advance / ACH Advance: an advance of cash based upon your future sales or credit card receipts
Microloans: Small business loans up to $50,000 often provided through the SBA
Purchase Order Finance: Cash advance or posting of letters of credit provided to manufacture goods to meet a valid purchase order from a creditworthy customer