What Is a Small Business Loan
Our small business loans are based on the current cash flow of your business, not years of financial history (i.e. asset/collateral coverage and the balance sheet). We call this our “REVENUE ADVANCE”. These Revenue Advances are actually not loans but the purchase of the future deposits of the business. Financing is based on the amount of cash flow through the business operating accounts and repayment is made by automatic electronic debits (ACH debit). These ACH debits can be paid through a small, fixed daily or weekly payments from your business bank account. Because this product has a fixed daily payback amount, you get a definitive maturity date as well.
An Empire Revenue Advance is ideal for manufacturers, wholesalers, distributors, contractors and other service providers.
Why Choose a Revenue Advance?
Our small business loans - REVENUE ADVANCES were designed specifically to address the challenges that newly established or credit-challenged businesses can face in obtaining funding. They also provide a solution for businesses that derive little revenue from credit card sales. Whether you need a one-time infusion of capital or have an ongoing need for funding, this product enables you to access from $5,000 to $1,000,000 in just a few days.
Advantages of a Revenue Advance
- Enables businesses to leverage future cash flow to obtain working capital.
- Credit card sales not required
- Automatic daily or weekly fixed payment
- Definitive maturity date