view it now SMALL BUSINESS FUNDING
1. Business Line of Credit
A line of credit is a lot like a business credit card: A lender approves you for an amount of money that can be drawn on whenever necessary. You only pay interest on the funds you take out. As you repay the lender, your money is available again without having to reapply for the loan.
2. Short-Term Loan
A loan with a term of 3 – 18 months, generally provided by a bank or an online alternative lender.
3. Long-Term Loan
The terms of these loans are generally flexible to a business’s needs and vary as such.
4. Merchant Cash Advance
A merchant cash advance provider reviews a potential borrower’s daily credit card receipts and determines if they can repay the cash advance in a timely manner. Then, a small business “sells” a portion (cost expressed as factor rate) of those credit card sales to the lender to acquire the advance.
5. SBA Loan
The Small Business Administration is a government agency that helps encourage lending to small businesses by guaranteeing a portion of the loan.
1. APPLICATION AND 3 MONTHS BUSINESS BANK STATEMENTS
2. UNDERWRITING PROCESS
3. CONTRACT AND STIPS
4. FINAL UNDERWRITING
5. FUNDS DISBURSED TO BUSINESS ACCOUNT WITHIN 48 HOURS FROM STARTING APPLICATION PROCESS
SILVERBACK SYNDICATIONS CORP
97-36 Corona Ave 2Fl, Corona, NY 11368
Office: (929) 462-7184