MERCHANT CASH ADVANCE LOAN PROGRAM
Operating Loans up to $500,000
No Collateral Required
Approvals Mainly on Financial Merits of Business
Loans on Receivables
COMMON MYTHS ABOUT MERCHANT CASH ADVANCE LOANS
“I don’t have collateral”, “I don’t want to put up collateral”
…good news! You don’t have to! Many do not realize that getting a working capital loan through a company, like Paramount Payment Systems is simple! Unlike traditional bank loans, that often require collateral, working capital loans do not. The loan is mainly based on the business’ cash flow, proving that the business making money is our first priority, alleviating a lot of stress from not having to tie up property or assets.
“I will not be approved because of my poor credit”, “My credit is perfect, I can be approved for any loan”
… good credit or bad credit, we don’t care! Although the working capital industry does approve higher rates of applicants (roughly 65%) than the traditional banking industry’s 20-30%, there are still requirements that need to be met. These requirements are just different, mainly focusing on the financial merits of the company rather than the personal pitfalls of the signer.
“I can use funds, but my business can’t wait weeks or, even, months for approval!”
Many apply for traditional business bank loans only to find that the process is lengthy and often takes several months to be approved. With a working capital loan through Paramount Payment Systems you can receive funds in significantly less time, often times in as little as 24 hours!
- Minimum of 1 year in business. Most major banks require 3-5 years in business however we understand that financial situations happen regardless of time in business.
- Minimum revenue of $20,000/month. Lower minimums allow us to charge one flat interest rate, opposed to continued interest saving your small business money.
- Not based on personal credit history. Don’t sacrifice your personal credit, Paramount solely relies on the businesses ability to pay back the loan.
- No collateral, no problem. Paramount does not require business owners to submit collateral to take out a loan.
GET AN OFFER
We find the best funding solution for your construction business and contact you to discuss your options based on revenue deposits, time in business and negative days.
Financing up to $500,000 and receive money in as little as 24 hours!