Business Financing

Small Business Loans and Business Funding

MERCHANT CASH ADVANCE

A Merchant Cash Advance is a great alternative to traditional financing for small and medium size business.

By purchasing a portion of your businesses future credit card sales at a discount, an MCA provides cash now for your future sales. The repayment is simple as we take a small portion of your future credit card sales as repayment.

REVENUE BASED ADVANCE

This program is designed with little or no credit card sales.

It’s an ideal funding solution for manufacturers, wholesalers or distributors. Similar to a Merchant Cash Advance, this product is not a loan but the purchase of future receivables. The funding is based on the deposits in the business operating accounts and the repayment made by an ACH debit.

This funding solution enables businesses to turn their future sales in to cash now. Funds can be used for marketing/advertising, inventory purchase, staff hiring, renovations or just working capital.

PURCHASE ORDER FINANCING

A short-term commercial finance option

Purchase order financing (or PO Funding) is a short-term commercial finance option that provides capital to pay suppliers upfront so your company doesn’t have to deplete cash reserves. Here is a representative scenario: A business that has a solid purchase order ready to fulfill, but not the funds to pay its suppliers upfront; nor a bank willing to extend the amount of credit that would be required.

Using a purchase order finance option, the suppliers are paid directly usually via a letter of credit. The business fulfills the order; with proceeds arriving after shipment is received. Usually you can get up to 75% of the money needed to produce the product. 100% is possible.

FACTORING RECEIVABLES

Factoring receivable invoices is the sale of an asset – your invoice.

The sale of your invoices to a third party – known as a Factor – eliminates the sale-to-collection business cycle of waiting for payment. A factor will purchase your invoices for up to 90% of the total amount.

Get your cash now and the factor takes on the risk of collecting the payments from your customers. The creditworthiness of your customers is very important if you want to get a good rate from a factor.

EQUIPMENT LEASING

Your business could receive the equipment now

Instead of waiting until you have the cash on hand to make major equipment purchases, an Equipment Financing program is a savvy alternative for obtaining the equipment needed to operate and grow your business.

Your business could receive the equipment now and pay for it over time, while it generates the profits to pay for itself, allowing your business access to the tools it needs to thrive, through the right type of funding.

PROGRESS PAYMENTS

Best for contracting and sub-contracting industry

Progress payments work best for our merchants in the contracting and sub-contracting industry. Traditionally, when a contractor has completed a portion of a work order, or a sub-contractor has completed their assigned portion of a work order, either party generally has to jump through a ton of hoops to gain access to working capital.

With Paradigm Funding, our contractors and sub-contractors have the option to seek out progress payments that will pay them for the work as it is completed..

Small Business Loans and Business Funding

Varied Amounts and Terms with Predictable, Fixed Payments

Growing your small business on your own can be very difficult without access to additional business funding. One of the most common ways to raise working capital for your business is through a business loan. At Paradigm, we want to help you and your small business thrive and can provide you with access to small business loans with funds sent in as quickly as one to four business days.

Basic Requirements for Approval

Your business may qualify for a loan and/or working capital if:

  • Your business has monthly gross revenue of $4,500 or more.
  • Your business’s monthly revenue is relatively stable.
  • Your business has been in operation for at least 4 months.

 

How much can my small business get?

From very small to very large small business loans

Paradigm, along with its funding partners, can help you access very small to very large small business loans and/or working capital advances: from $2,500 up to $150,000 for single location businesses and up to $250,000 for multi-location businesses. They have a range of terms from 4 to 24 months. That means your small business can access a short-term capital for inventory, for example, then sell your merchandise and pay off quickly or take your time paying back what your business borrowed.

Benefits

Regardless of what you choose to do with your small business financing, you’ll find a few big benefits through Paradigm

No checks! A small, fixed amount is automatically deducted from your business bank account each weekday.

No personal collateral needed.

Approval is based on your business’s strength.

Funding is fast enough to cover unexpected expenses.

Give us a call, or apply today.

Curious about small biz loans?

We've given millions of dollars to small businesses just like yours. Get notified when the latest and greatest loan opportunities open up to small business owners.