Nebula Finance has multiple financing options for your small business
Business financing refers to when a small business receives financing, such as a business loan, merchant cash advance or line of credit that is used solely for business purposes. Many business purposes are not just limited to purchasing new inventory, machinery or even paying off debt. Business financing can also be used for anything business related such as marketing efforts, location expansion, and general working capital.
Most businesses whether large or small heavily rely on small business financing to help meet a lot of their business needs. We understand how small businesses operate and that’s why our team created business financing products to help meet those needs in a simple and fast way. Our loan products have a quick and easy application process, easy to understand terms and flexible payment options so that small businesses can obtain the capital they need ASAP. For those businesses that have a lot of receivables, credit card sales or are a seasonal business, our merchant cash advance product might be a great fit for your business. If you want your business to have a safety net by having financing available as easy as a draw away, a line of credit might be the perfect business financing solution. It all starts with a quick application so we can learn more about your small business. If we are a fit and your business is fully approved, our team will work quickly to send over the funds.
Loan amounts starting at $5,000 up to $1 million
Loan terms starting at 3 months and ranging up to 60 months
Automatic daily, weekly or monthly payments withdrawn from the business account on file
he fixed payment amount is automatically withdrawn from the business bank account
Easy application process, fixed payments, longer terms and access to higher dollar financing amounts
An interest charge or fixed fee will be charged. Other fees may also be charged
Variable payments based on a portion of your credit card sales or other receivables. An advance is great for businesses that want more flexibility as the advance has variable payments based on credit card sales or receivables.
Advance amounts starting at $5,000 and range up to $500,000
Payments are based on the business’ receivables so there is no fixed payment term
Variable automatic payments based on the business receivables
Automatic payments calculated based on a percentage of the business’ credit card sales or other receivables
An advance is great for businesses that have high credit card sales or receivables or are seasonal
The receivables are purchased at a discounted price and fees may be charged and deducted from the advance amount
A business line of credit is ideal for repeat cash flow needs. Businesses have access to the approved amount whenever they need it, which makes it great for those unexpected expenses.
Credit limits starting at $5,000 up to $250,000
Amortization can be from 3-18 months. Term may reset every time you draw capital
Fixed daily, weekly or monthly payments withdrawn from the business bank account on file
Payments are automatically withdrawn from the business bank account
Flexible product as it allows a business to have capital ready to go when the business may need it
An interest charge or fixed fee will be charged. Other fees may also be charged
A short term loan available to businesses while they secure permanent financing or remove an existing financial obligation. Ideal for businesses that need to meet current obligations with immediate cash flow.
Loan amounts starting at $5,000 and range up to $1 million
Loan terms starting at 3 months ranging up to 60 months
Automatic daily, weekly or monthly payments withdrawn from the business account on file
The fixed payment amount is automatically withdrawn from the business bank account
Access to quick capital for a short term until the business is able to secure a longer term loan
An interest charge or fixed fee will be charged. Other fees may also be charged
An SBA loan is a long-term, low fee small business loan partially guaranteed by the government that can be used for business purposes
Invoice factoring, also known as accounts receivables factoring, allows businesses to turn pending invoices into immediate funds
Loan amounts starting at $50,000 and range up to $10 million
Loan terms ranging from 1 year up to 30 years
Monthly payments from an account on file
Advance amounts starting at $20,000 and range up to $10 million
Apply and submit your outstanding invoices
Get immediate access to capital on outstanding 30, 60 or 90 day invoices
Loan amounts starting at $50,000 and range up to $10 million
Loan terms ranging from 1 year up to 30 years
Monthly payments from an account on file
Advance amounts starting at $20,000 and range up to $10 million
Apply and submit your outstanding invoices
Get immediate access to capital on outstanding 30, 60 or 90 day invoices
For businesses that accept credit card payments, have receivables or are seasonal, a merchant cash advance is a great option as it is based off of the businesses’ credit card sales or other receivables, so payments are flexible. If a business is looking for a higher financing amount and fixed payments, than a small business loan may be a better solution for the business.
How long you need the capital for can guide you towards the finance option that meets that time frame. Merchant cash advances and lines of credit are the most flexible when it comes to short term financing. Small business loans are great for long term financing as you may have up to 60 months to repay.
While some small business financing does take into account your credit score, the majority of commercial financing companies rely more on the performance of your small business. Certain financing products, such as a merchant cash advance (which payments are based on future credit card and other receivables) typically allow for a lower credit score, where as a line of credit might require a higher credit score.
Unexpected costs can be frustrating and stressful. Lines of credit could be the best business financing option as you have access to a pre-approved amount whenever you need it. No need to take more than you actually need for your expenses.
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