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.
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.
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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.
Merchant cash advance (MCA) is one way many merchants get cash. Funding is based upon your future sales.
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.
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.
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.
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.
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.