We specialize in these types of loans. If you need a different financing solution, be sure to contact us.
Merchant Cash Advance Loans:
A merchant cash advance (MCA) was originally structured as a lump sum payment to a business in exchange for an agreed-upon percentage of future credit card and/or debit card sales. The term “merchant cash advance” may be used to describe purchases of future credit card sales receivables or short-term business loans.
Unsecured Working Capital Loans:
An unsecured loan uses no collateral while a secured loan is made based on the value of a property or asset placed as collateral. With an unsecured business loan, you will not have an asset seizes in case of default. You will typically have higher interest rates because the lender is assuming more of the risk.
Equipment Loans / Leases:
Equipment loans are used to buy business equipment. Equipment can include such items as medical machinery; restaurant equipment, phone systems; computers, specialized machinery, industrial equipment, and much more. AIt is essentially equipment your business needs to run at maximum efficiency and productivity. Loans to lease equipment is also an option. A lease option may be beneficial for your business to reduce upfront costs or upkeep.
Contact us today to experience the Spectrum Financial difference – Reliable and Customized Business Financing Solutions.
We serve businesses nationwide.
Need to grow your business? Secure financing within 24 hours to make your dreams a reality. Contact us regarding our no hassle application process.
Need to secure inventory for your business while maintaining cash flow? Buy the inventory you need by securing a business loan. No collateral needed.
You have a contract but you need financing to carry your business before you get paid. Ask about our short-term financing options and get moving today.