1. Our partner company, TieTechnology, works with select lenders who advance you cash by purchasing a predetermined amount of your business's sales volume at a discount.
2. The lenders verify your total gross sales, business history and business relationships. You can qualify to receive $5,000 to $300,000.
3. As repayment, the lenders collect a small percentage of each of your credit card transactions, or a pre-determined amount through your checking account. There is no set term; you pay back the advance as your customers make purchases. This makes it easy to repay at a comfortable, affordable pace.
4. Rates are competitive, ranging from 1.19% to 1.49%.
Example: If the average amount borrowed were $20,000 at 1.19%, then the payback would be $23,800 in six to nine months.
5. Funding is quick—as little as 5 to 7 days.
Benefits to You:
• Money in your bank in 5-7 days!
• Easy payback terms and conditions
• Renewal options
• Can include all fees in cost of goods
• Funding available for opportunistic buys
• Tax deductible
• Improves cash flow
• Builds business credit
• Avoid marking down inventory to raise cash