Exploring different finance options can provide a business owner with a more comprehensive understanding of what is available to them, allowing them to make more informed decisions about their finances. This can ultimately lead to better financial management, increased profitability, and long-term business success.
Revenue-based financing (RBF), also known as sales-based financing, is a type of funding for businesses that provides access to an upfront sum of working capital in exchange for a portion of the business’s future revenue. The business then remits payment to the provider according to the payment schedule (typically daily or weekly), until a total amount, agreed to upfront, has been paid in full.
A term loan is a type of financing in which a borrower receives a lump sum of capital upfront, which is then paid back over a predetermined period of time with interest.
A line of credit is a type of financing in which a lender extends a maximum amount of credit to a borrower, who can draw on it as needed, only paying interest on the amount borrowed.
Equipment Finance
Equipment finance is a type of financing in which a borrower obtains funds to purchase or lease equipment, such as machinery or vehicles, which are then used as collateral for the loan.
A commercial real estate loan is a type of financing in which a borrower obtains funds to purchase, renovate, or refinance a commercial property, which is then used as collateral for the loan.
Non traditional residential loans are a type of mortgage that does not meet the criteria for a Qualified Mortgage, typically because the borrower's income, employment, or credit history does not fit within the standard guidelines established by the Consumer Financial Protection Bureau.
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