Business Funding
At Capital Relief Financial, LLC the best way to choose the perfect business funding option is to understand the needs of your business. Each funding option can be used to help you obtain your business goals. Our experienced consultants provide the guidance to you every step of the way. Feel free to setup an appointment with a consultant and get the guidance you need for your business to receive funding.
Paycheck Protection Program (PPP) Loans:
The Paycheck Protection Program (PPP) is a $669-billion business loan program established by the 2020 US Federal government Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations, and tribal businesses continue paying their workers.
The PPP loan allows businesses to apply for low-interest private loans to pay for their payroll and certain other costs. The amount of a PPP loan is approximately equal to 2.5 times the applicant’s average monthly payroll costs. The loan proceeds may be used to cover payroll costs, rent, interest, and utilities. The loan may be partially or fully forgiven if the business keeps its employee counts and employee wages stable.
Don’t wait apply now and receive funding!
Benefits:
- A consultant can walk you through the process step by step.
- Fast Approval
- You can use the loan to fund payroll costs, employee salaries, costs related to the continuation of group healthcare benefits during paid leave (sick, family or medical), insurance premiums, mortgage interest payments, rent, utilities and interest on any other debt obligation.
Acquisition Loans:
An acquisition funding is a loan that’s given to a company to acquire another business, or for other reasons that are laid out before the loan is granted.
Benefits:
- Fast Approval
- A consultant can walk you through the process step by step
- Get access to more capital
- Possibly expose your company to different marketing industries
- Create a diverse stream of income more your company.
Merchant Cash Advance
Merchant cash advance (MCA) is one way many merchants get cash. Funding is based upon your future sales.
Benefits
- High Approval Rate
- Will not impact credit
- Flexible Payments
- Easy Application process
- Can be funded within 24 hours
- Use funds however you like.
- No down payments
Documents Needed:
- Filled out application
- Government-issued photo ID (Driver’s License).
- Voided check from your business checking account.
- Last three statements from your business bank account.
- Last three credit card processing statements.
Equipment Finance
Many businesses are using this method of funding. Equipment financing is obtaining the use of machinery, vehicles or other equipment on a rental basis. Ownership rests in the hands of the financial institution or leasing company, while your business has the actual use of it.
Benefits
- Improves your Cash Flow.
- Preserve Other Lines of Credit for your business
- 100 Percent Financing.
- Simplify Equipment Changing methods.
- No Hidden Fees
- Excellent Rates
- Save on Taxes.
Documents Needed:
- Filled out application
- Government-issued photo ID (Driver’s License).
- Voided check from your business checking account.
- Last three statements from your business bank
- If over 150k is needed you may need more documents your consultant will advise.
- Credit Report
SBA (Small Business Administration) Loan
Financing programs that are insured by the government. Loans are usually long-term, low interest small business loan that’s partially guaranteed by the government.
Benefits
- Access to SBA Resources
- Flexible Payment Plans
- Lower Rates than usual
- Financing for up to 80 to 90 percent of project costs
- Capital Availability
Documents Needed:
- Filled out application
- Government-issued photo ID (Driver’s License).
- Voided check from your business checking account.
- Last three statements from your business bank account.
- Two years of business tax returns.
- Schedule of debts.
- Credit Report
Line of Credit / Term Loans
Lines of credit are arrangements between lenders and merchants that gives a maximum loan balance for the borrow to pull funds from. With a line of credit, you can borrow funds at any time as long as you don’t exceed the maximum amount.
Benefits
- Evens Out Cash Flow During Slow Seasons
- Allows You to Pay for What You Use
- Builds Business Credit
- Can be used as a financial safety net for your business
Documents Needed:
- Filled out application
- Government-issued photo ID (Driver’s License).
- Voided check from your business checking account.
- Three months’ business statements
- Credit Report
Credit Repair
Credit repair is a process of fixing poor credit that may have been lowered for many different reasons. Repairing credit may be as simple as disputing mistakes, information with the credit agencies. Identity theft and the damage may require extensive credit repair work.
Benefits
- Quick Process
- Company negotiates your credit for you
- Save money on interest
- Stop debt collector harassment
- No need for co signers
- Have financial freedom
Documents Needed:
- Filled out application
- Government-issued photo ID (Driver’s License)
- Credit Report
Credit Card Processing
Businesses today rely on credit card processors to handle the details of accepting credit and debit cards, whether in person, over the phone, or online. Dependent on a third party to perform such a crucial service can make anyone anxious. Our partners are here to help make this process easier and give your business the opportunity to stay competitive in today’s market and increase your profits.
Benefits
- Accepting credit cards will often boost your current sales.
- It will legitimize your business
- Boost Sales
- Improve Your Business’ Cash Flow
- Over 90% of online purchases are made using credit cards
- Credit cards grab impulse buyers.
- Quick and easy setup
- Allows you to stay competitive in today’s market
- Incredibly convenient
Documents Needed:
- Filled out application
- Government-issued photo ID (Driver’s License)
- Credit Report