Fast Funding Working Capital
Apply Today & Get Funded Tomorrow!
What Makes Next-Financing Different?
- 3 Different Levels of Fast Funding Working Capital/Advance Programs – Listed Below.
- We will beat any written offer. Contact us with your current offer and let us beat it!
- Soft Inquiry Only (No impact on your credit score) to Provide You with Loan Options. Zero Risk To You.
- Over 100 Working Capital/Advance Products, which Allows Customized Solutions for Your Business.
- Early Repayment Discounts.
- Daily, Weekly and Monthly Payment Programs. We also offer Term Loans: https://next-financing.com/term-loan
- Your Loan/Advance has the ability to act like a revolving line of credit. https://next-financing.com/hybrid
- 3 – 36 Month Terms. If you’re looking for Equipment Financing: https://next-financing.com/equipment-financing
- Low Commission Fees Paid To Our Reps (2-5%) – Compared to the industry average of (10-19%). Yes, we make money on your loan/advance, but we do it through volume – NOT by charging max fees on every deal.
- We will Provide Your Business with The Very Best Loan Product For Your Current Need and Situation.
Our Stance & Opinion on Working Capital or MCA ‘s
We want to be up front from the very beginning. When it comes to any sort of working capital, ACH Loan, MCA or whatever you want to call it – it’s not for everybody. If you decide to work with Next-Financing, you will hear the question “what are you trying to accomplish?” We ask that question, because we want to provide the very best solution for your your current situation & need.
The correct mindset to have in regards to Working Capital or any MCA Product is to look at the funding as a “tool” to grow your business. If you don’t have a plan or full understanding of how you are going to use this new found capital, we recommend you don’t do it. It’s always going to be your decision what to do in the end, but that’s our two cents on the subject.
Click The “Let’s Get Started” Button Below & Get Pre-Approved Today!
Fast Funding Working Capital – Full Transparency
When it comes to working capital, everybody wants to talk about being different and there are some out there who are, but it’s not easy to find them. Next-Financing has been in business since 2006 and will do our very best to assist you with all of your capital needs.
One of the main reasons a MCA’s APR is so much higher than a typical bank loan (other than speed of funding, no real credit score requirements and no required collateral), is that a bank receives a monthly percentage on the balance owed, not the full amount of the loan. When a bank loan is paid off and the balance reduced, the interest paid is less. However, a merchant cash advance fee is a fixed charge for providing the advance.
The second major culprit of expensive money? The outrageous broker/origination fees being charged all over the place. There will be no 8%, 10%, 12% and even 15% nonsense with our name on it. Our standard fee for all of the products we offer is 2 – 5% (varies by product type and industry type).
The third culprit are all of the fees charged to the merchant/borrower at the time of funding. When a merchant is told they are approved for $20,000 and is expecting to receive a deposit of $20,000 into their bank account, they are mistaken. They will be making payments based on the $20,000 approval, but after all of the fees listed above, the actual “net” deposit into their account will be approximately $18,500.
Next-Financing Working Capital
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 available 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?
An ACH 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’s 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.
3 Levels of Fast Funding Working Capital
Next-Financing offers 3 different Programs and they are named appropriately as our “Starter MCA”, “Primary Capital” and “Premier Capital”.
Starter Working Capital
Our Starter Working Capital Program is for the business that 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.
Basic Qualifiers – Starter:
Time in Business: 3+ Months
Credit Score: No Minimum Score Required – 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
Primary Working Capital
Our Primary Working Capital Program is for the business that 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 of Time in Business and $15,000+ in Gross Monthly Revenue. Our Primary Program provides longer terms and better rates on the money being borrowed, which gives our clients greater flexibility and an appetite for larger opportunities.
Basic Qualifiers – Primary:
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
Premier Working Capital
Next-Financing offers our Premier Working Capital Program to those businesses who have taken things to another level and kept it going. Membership has its 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.
Basic Qualifiers – Premier:
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
Usage of Working Capital Funds:
Our customers use these working capital funds for buying inventory, taking advantage of opportunities, handling emergencies, buying/repairing/upgrading equipment, managing payroll, increasing their marketing efforts, hiring additional employees, updating their office and much more. You never know when unexpected opportunities or costs will occur. It’s always wise to have funds available to protect and grow your business.
Getting Started – What to Expect:
The entire working capital application process takes just a few business days. First, we will review your business and its history to quickly provide a pre-approval offer. 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 Contracts, we would fund your business account within 24 hours.
Required Documents:
*Signed / Loan Application
*3-6 months most recent bank statements. (We always ask for 6 months if they are available).
Frequently Asked Questions:
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.