Your situation is unique, so your funding solution should be too. We aim to secure working capital for your business through our network funders, while our team of experts helps you choose the right option with minimal paperwork and unmatched customer service.
OUR BUSINESS FUNDING PRODUCTS INCLUDE:
BUSINESS CASH ADVANCE (BCA)
A Business Cash Advance is the alternative to a conventional small business bank loan. You get fast cash in your business account for whatever you need to succeed, then repay the advance with a percentage of your future sales. Since a Business Cash Advance is not a loan, there is no accruing interest, just a simple fixed buy rate. This is a short-term solution, usually for an immediate need.
BEST FOR: RESTAURANTS, RETAIL, BEAUTY SALONS & BARBERS, AUTOMOTIVE, HOSPITALITY, ENTERTAINMENT, YEAR-ROUND LANDSCAPING, FLORISTS
A Business Cash Advance approval requires less paperwork and is based upon the strength of your business. No security is required, and a low individual credit score will not exclude you from receiving the money you need. If you are eligible for funding, BizLender will have your advance deposited into your business checking account within 4-5 business days. At BizLender, we realize that companies are unique. That is why each business is reviewed independently to guarantee that our customers receive the funding that matches their business goals and needs. By analyzing each Business Cash Advance application, we are able to grant more approvals than our competition.
UNSECURED BUSINESS LOAN
An unsecured business loan is a financial tool available for almost every business, regardless of most credit scores and time in business. Payback rates applied to Unsecured Business Loans are higher than those of more traditional business loans from banks and credit unions. However, the ease of use and speed of funding make unsecured business loans a preferred method of financing for many business owners.
BEST FOR: RESTAURANTS, RETAIL, BEAUTY SALONS & BARBERS, AUTOMOTIVE, HOSPITALITY, ENTERTAINMENT, YEAR-ROUND LANDSCAPING, FLORISTS, PROFESSIONAL SERVICES
Business owners with insufficient funding and less-than-perfect credit just don’t qualify for business loans from banks anymore. Traditional lenders are approving fewer small business loan applications, and their loan underwriting guidelines are tighter than ever. Most secured small business loans come from a bank or credit union and require near perfect credit or collateral. However, an unsecured business loan can be approved and funded with little or no collateral, and without perfect credit. Not to mention, applying for an unsecured business loan demands considerably less paperwork than a bank or credit union loan. Plus, you can be funded in days, depending on the lender that approves you.
MERCHANT CASH ADVANCE (MCA)
Merchant Cash Advances are ideal for businesses with strong credit card sales that may have had difficulty qualifying for loans due to bad credit history or lack of collateral. You get a lump sum in exchange for a percentage of future sales. The funds can be used for business expansion, regulating cash flows, product development or any number of business-related expenses.
BEST FOR: RESTAURANTS, RETAIL, BEAUTY SALONS & BARBERS, AUTOMOTIVE, HOSPITALITY, TRAVEL, HEALTH/DENTAL CARE, CONTRACTORS, FLORISTS
Businesses can benefit from a cash advance because it is very flexible. A set percentage is deducted from daily credit card sales until the premium is met. The amount you remit is contingent upon your cash flow so, unlike other financing options, it is adaptable to the seasonality and unpredictability of real-world business. With a Merchant Cash Advance there is no concrete due date or fixed remittance schedule. So, if traditional lines of credit have been unsuccessful or you need a faster, more flexible financing option, a Merchant Cash Advance is a viable option.
SECURED BUSINESS LOAN
Secured loans are protected from default by either a personal guarantee and or collateral. Because of this, payback rates for Secured Business Loans are consistently lower than those of unsecured business loans and traditional business cash advances. The lower rate and extended payback terms, plus the speed of funding, make secured business loans a preferred method of financing for many business owners.
BEST FOR: RESTAURANTS, RETAIL, BEAUTY SALONS & BARBERS, AUTOMOTIVE, HOSPITALITY, TRAVEL, HEALTH/DENTAL CARE, CONTRACTORS, FLORISTS, MANUFACTURERS
A secured loan from most banks and credit unions require near-perfect credit and a minimum of two years in business. If timing is important when it comes to obtaining financing for your business, a secured loan through BizLender may suit your immediate needs. On average, a typical bank loan can take up to six months to close and an endless amount of paperwork. However, a secured business loan is a financial tool available to almost every business regardless of most credit scores and time in business.