- If You can Believe it - We can Achieve it -
Small business working capital is technically defined (and calculated) based on the amount of your current business assets minus your current liabilities: The amount that remains is considered your working capital.
Fast, flexible access to short-term funding is essential to the growth of your business. Our Working Capital product, which features 3 to 36 month terms and fixed payment options, will accommodate your specific needs so that you can focus on building your business. Did I say fast?
Though the “right” amount of working capital for small business varies based on a business’s industry, sales cycles and supplier relationships, working capital is an important metric to proactively manage. At Capital Lending Solutions LLC, we’re committed to empowering business owners with access to the working capital resources that ensure their business has financial stability throughout its life cycle.
An ACH Working Capital Loan is basically the same thing as a “Revenue Based” Loan. All it does is base the approval amount on the applicant’s last 3-6 Months’ worth of revenue. A solid rule of thumb to use is if an applicant is depositing $20,000 monthly into their business banking account or has gross monthly sales of $20,000, their loan approval cap will most likely be $20K.
Flexible terms and rates based on a business’ performance, and not solely personal credit history, may make a Next-Financing ACH loan an attractive option when compared to a traditional bank loan. We offer a quick response to loan applications by qualifying and evaluating business performance based upon a variety of important performance metrics with you!
Capital Lending Solutions LLC offers 3 different Programs for Working Capital. They are named appropriately as our “Starter MCA”, “Primary Capital” and “Premier Capital”.
3 Months in Business
$7k Gross Monthly Revenue - Bank Deposits
No Minimum Credit Score
Our Starter Program is for the business who is new to the scene or for an owner going through some credit challenges. As long as you have been in business for over 3 months and are depositing in excess of $7,000 per month and are not currently going through a BK, it’s very likely you will qualify for a Starter MCA Loan.
Time in Business: 3+ Months
Credit Score: No Minimum with No Open Bankruptcies
Must Have Separate Business Checking Account
Monthly Gross Revenue/Total Monthly Bank Deposits: $7,000+
Primary Business Checking Account – Average Daily Balance: $500+
Number of Negative Balance Days/Month in Business Checking Account: 0 – 10
*MCA, Cash Advance, Daily Payment, Weekly Payment Business Loan Weekly Payment, Working Capital Weekly Payment
Time in Business: 12+ Months
Personal Credit Score: 550
Minimum Gross Monthly Revenue: $15,000
Our Primary Capital Program is for the business who has made it through the treacherous first 12 months of being in business and is still standing and positioned to grow, which means they need working capital to feed their growth. The main qualifiers to graduate into Primary Capital is 12 months Time in Business and $15,000+ in Gross Monthly Revenue. This level of Working Capital provides longer terms and better rates on the money being borrowed, which gives our clients greater flexibility and an appetite for larger opportunities.
Time in Business: 12+ Months
Credit Score: 500+ with No Open Bankruptcies
Must Have Separate Business Checking Account
Monthly Gross Revenue/Total Monthly Bank Deposits: $15,000+
Primary Business Checking Account – Average Daily Balance: $500+
Number of Negative Balance Days/Month in Business Checking Account: 0 – 6
*MCA, Cash Advance, Business Loan Weekly Payment, Working Capital Weekly Payment, Working Capital Monthly Payment
Time in Business: 12+ Months
Personal Credit Score: 600+
Minimum Gross Monthly Revenue: $50,000
Our Premier Capital Program to those businesses who have taken things to another level and kept it going. Membership has it’s privileges and when you’ve reached our Premier Capital Level, it’s time to look at all opportunities that come your way, because you basically have access to extremely fast and cheap capital at the snap of your fingers. This is the level where credit score and bank account responsibility are key qualifiers, as the terms and approval amounts are extremely liberal.
Time in Business: 12+ Months
Credit Score: 600+ with No Open Bankruptcies
Must Have Separate Business Checking Account
Monthly Gross Revenue/Total Monthly Bank Deposits: $50,000+
Primary Business Checking Account – Average Daily Balance: $2,000+
Number of Negative Balance Days/Month in Business Checking Account: 0 – 3
*Business Loan Weekly Payment, Working Capital Weekly Payment
*Business Loan Monthly Payment, Working Capital Monthly Payment
The entire process normally takes just a few business days. First, we will review your business and its history to determine if we would like to buy your future receivables. You will need to submit a few documents, such as 3-6 of your most recent bank statements, so we can provide an approval decision that works within your business and credit profile. Upon Approval and Signed Receivable Contracts, we would fund your business with up to $500,000 in working capital.
*Signed / Loan Application
*3-6 months most recent bank statements. (We always ask for 6 months if they are available).
Q: What are the interest rates?
A: Interest Rates do not exist in the Working Capital/Receivables World. These are not the type of loans you seek to use long term, but rather short term to help grow your business. We buy your future receivables at a discount by using a factor number. For example, in exchange for $10,000 today, you agree to pay back $13,000 – a factor of 1.30.
Q: What if I have bad credit?
A: Our agreement to buy your future receivables is primarily based on sales history and the probability of having future sales. Certain credit score qualifiers will expose your business to a different set of terms or approval amounts, but it typically will not keep you from receiving an offer if your revenues are strong.
Q: Do I need to accept credit cards to get approved?
A: No. You do not need to accept credit cards. We consider all forms of business receivables while reviewing an application, including cash, checks, and electronic receivables. The important part of this answer is what can be proven or stated? What shows on your bank statements as the total amount deposited for the month? If not your bank statements, do you have other records to back up your gross monthly revenue claims?
Q: How does Next-Financing get paid?
A: We collect a percentage of your sales via an ACH debit from your business checking account or directly from your credit card processing transactions.
Q: Do we have a Spanish version of our application and instructions? Do we have Spanish speaking Reps?
A: Yes, we have a Spanish version of our application and all of the documents needed to get started and we would be happy to pair you with one of our Spanish speaking Sales Directors to assist you through the process.
Call Today: 888-230-3632