Business Loans and Account Receivable
LINE OF CREDIT Unique Financial Solutions can help you determine if this is the right transaction for your business. A line of credit can be one of the most useful financial tools for a small business.
COMMERCIAL REAL ESTATE LOANS If you are considering a purchase or construction of commercial real estate, we can offer you up to 90% financing whether it’s owner/user or strictly an investment. We have access to some of the most aggressive programs in the industry and with loan terms up to 25 years. You’ll be surprised at how easy owning commercial real estate can be.
START UP LOAN If you are planning to start a business, your best opportunity to obtain financing may be the assistance offered by Unique Financial Solutions. Through our network we can provide capital for start up businesses nationwide.
ASSET BASED LOANS This type of loan is secured by the assets of the business and the business owner’s credit—which is secondary.
UNSECURED LOANS Unsecured loans are typically made to provide working capital to an established company or individual. This type of loan usually requires the business owner to personally guarantee the debt.
WORKING CAPITAL LOAN Working Capital Loans are usually for the length of the selling season to a period of up to one year. Unsecured working capital loans also typically require that they be paid off for a period of 30 to 60 days before they are re-established. This is called “resting” the loan.
ACCOUNTS RECEIVABLE FINANCING A loan is secured by your accounts receivables through a UCC-1 filing. Between 65 – 80% of eligible accounts receivables (less than 90 days old) is advanced to your business. Interest is charged on a daily average of the outstanding loan balance. At no time will your customers be aware that their accounts are pledged for a loan. You are billed on a monthly basis for interest only and the loan is repaid by the submission of new collateral. As the collateral base increases, your borrowing capability increases.
FACTORING
Factoring is the conversion of a business’s accounts receivables into immediate cash by the outright purchase of its receivables, at a discount by a factor. The discount fee is usually dependent on the amount purchased, the credit worthiness of the debtors, and the turn around time. Fees can vary substantially but are usually less than most business owners expect. Factoring accelerates cash flow by eliminating the lag time between the delivery of goods or the performance of a service and the payment for it. Accounts receivables may be the biggest asset on your company’s balance sheet. Your business can use cash currently tied up in receivables to increase sales, take advantage of supplier discounts,
