Products
MERCHANT CASH ADVANCE
A lump-sum payment to a business in exchange for an agreed-upon percentage of future credit/debit card sales or revenue
LETTER OF CREDIT
A letter from a financial institution guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.
LINE OF CREDIT
An arrangement between a financial institution, usually a bank, and a customer that establishes a maximum loan balance that the bank will permit the borrower to maintain.
BUSINESS / COMMERCIAL LOAN
A debt-based funding arrangement that a business can set up with a financial institution. The proceeds of commercial loans may be used to fund large capital expenditures and/or operations that a business may otherwise be unable to afford.
