Funding Products
We offer a comprehensive array of funding products tailored to address the distinct needs of your business. While we do have access to conventional loans, we prefer to use solutions that are designed to align with your specific objectives. Our experienced team takes the time to assess your funding requirements, guiding you in selecting the most beneficial option to achieve your goals. Together we will identify the optimal funding option to propel your business forward!
A working capital loan is an essential financial tool designed specifically to meet a business's short-term operational needs. It empowers companies to manage cash flow effectively, invest in inventory, and cover everyday expenses with confidence. Unlike long-term loans, working capital loans come with a shorter repayment period and can be secured or unsecured, providing flexibility for businesses. This adaptability makes them a crucial asset for organizations looking to maintain operational excellence and capitalize on growth opportunities.
Revenue-based financing, commonly known as a “business cash advance” or “revenue-based business loan,” is a lump sum based on your monthly revenue. Unlike traditional loans that require fixed payments, this type of financing allows for flexible payment schedules, daily, weekly, or monthly—depending on the lender's terms. Payments vary with your sales volume, similar to a merchant cash advance. However, while merchant advances are tied to debit and credit card, revenue-based loans are drawn from your total sales, providing a more adaptable solution for managing cash flow.
Accounts Receivable Factoring, commonly known as Invoice Factoring, is a powerful financial strategy that enables businesses to sell unpaid invoices to a factoring company, or "Factor," at a discount. By leveraging this approach, the factoring company takes on the responsibility of collecting payments from your customers, streamlining the process. Once the payment is collected, the business owner receives the remaining invoice amount, minus any factoring fees. This method is invaluable for small business owners facing delays between service delivery and payment, as it accelerates cash flow and enhances financial stability.
A business term loan is a powerful financing solution tailored for businesses. offering a substantial amount of capital for a predetermined period, usually between one to ten years.this loan is ideal for strategic purposes, such as acquiring new equipment, expanding operations, or effectively managing cash flow. Borrowers benefit from receiving a lump sum upfront, with the assurance fixed repayments throughout the term, either at a fixed or variable interest rate. It is an excellent choice for businesses poised for growth. Providing the necessary funds while ensuring a clear and predictable repayment plan.
A business line of credit is like the best of both worlds. It allows you to access funds without the various hassles or costs that come with other options. You only pay interest on the amount used, not the total amount of extended credit. It can bail you out of unforeseen cash flow problems or help you capitalize on unexpected opportunities. And once the used funds are repaid, they become available again.
One of this concepts' central purposes is to give women business owners access to various small business financing products. Previously, female entrepreneurs with a subpar personal credit score or lower operating capital could not access the most appropriate products for their goals. It didn’t matter how well their small businesses were doing. Historically, the credit system hasn’t favored women. Did you know that women couldn’t apply for their personal credit score until 1974!? While we’ve come a long way since then, the system is still catching up. That’s why women’s credit scores tend to fall about 20 points below their male counterparts’ minimum credit scores these days. Some banks have near-perfect minimum credit score requirements for their loans, hurting female entrepreneurs. Fortunately, Alternative lenders have much lower minimum credit score requirements.
If you’re a small business owner who needs quick access to capital immediately, a Merchant Cash Advance (MCA) could be what you’re looking for. With this type of cash advance is easily accessible and comes with flexible payment terms. Typical requirements like an excellent credit score or overflowing financial statements aren’t mandatory for merchant cash advance eligibility. Payment amounts for a merchant cash advance are based on daily credit card sales and aren’t fixed, so business owners only pay what their cash flow can bear each month. A merchant cash advance doesn’t become more expensive if sales slow down for a little while. This can make a merchant cash advance more ideal for small businesses. Rather than struggling with the fixed payment schedule of a traditional business loan.
Are you a small business owner wondering how to get expensive new equipment with a low or no down payment? You can do it with the help of Business Equipment Financing & Equipment Leasing. Small business owners have many loan options when financing equipment. With business equipment loans, you can enjoy small monthly payments almost as if you were equipment leasing. Better yet, the business owner owns the new equipment outright once the balance is paid off. Whether we’re talking about upgrading it or breakdowns, purchasing equipment costs money. And maintenance and can strain your cash flow.
The approval rate to get small business equipment financing is among the highest of all funding products. The application process and payment options are straightforward. The paperwork needed for equipment financing is minimal. Best of all, small business owners can get funded in a matter of days, with a low or no down payment, and enjoy better rates (starting at 5%), which in most cases qualifies for a tax deduction.
SBA Loans are easily the most coveted business loans on the market. No other type of business loan can compete with their interest rates, terms, and borrowing limits. However, these advantages make SBA Loans particularly challenging to qualify for. As if the requirements weren’t challenging enough, the application process often catches business owners off guard due to the various misconceptions surrounding SBA Loans. To earn approval, it is necessary to have someone on your side that understands the intricate workings of the process.
Contrary to popular belief, a poor credit score is not always an indicator of irresponsibility. Many hard-working small business owners have poor credit for reasons beyond their control. It’s very common for a business owner to use personal finances to keep a business alive in its early years. And once your credit score takes a big hit, it takes a long time to build it back up. Bad credit business loans are types of financing options that small business owners can access with a minimum credit score below 600. These loan options are designed to give a business owner enough cash to keep their business running, pay off existing debts, or cover short-term expenses.
What types of entities are CRE loans typically made to?
Loans are most often secured by partnerships, developers, funds, trusts, corporations, and real estate investment trusts (REITs). Owning and operating commercial real estate is usually done through companies specifically set up to buy property and lease it to other businesses. Real estate loans are an effective, customizable way to get this type of operation off the ground by financing purchases, development, and construction that can attract valuable, stable rental income.
While the proceeding products are extensive, We still offer a few other services here at Wrenfield Finance.
Such as, Purchase Order Financing, Micro Funding (from 500-10K)
For The Self-Employed, Identity Protection, And Healthcare Alternatives To Traditional Or Government Health Insurance.