Alta Funding Group
Services
Cash Advance | Commercial Mortgages | Working Capital
Equipment Financing
Our method is simple and extremely fast. We make our distinction from many traditional financial loan institutions by using a steady stream of credit card sales to determine the financial viability of a business. When your small business needs funds quickly, advanced capital on future credit card sales offers unlimited flexibility.
Unfortunately 8 out of 10 small businesses fail during the first year and 92 percent are unable to get traditional financing. According to the latest statistics from Equifax, today there are more than 18 million small businesses in the US. A high percentage of those small business owners are digging into personal savings, taking out home equity loans, borrowing from family, and running up credit card bills as forms of financing.
Now retail operations, or any organization that accepts credit card payments, can now get advances on expected credit card sales many companies are using this option to stay afloat.
Cash is King. There are as many different needs for a Business Cash Advance as there are small businesses operating today. For example, a restaurant owner who can’t quite make payroll may survive the crisis and keep his doors open with a business cash advance.
A mom and pop hardware store could suffer a flooded basement or damaged piece of equipment and need to make an immediate and often substantial cash investment.
Even when these extra expenditures are covered by insurance, there might be a lag time until reimbursement. Of course there is the unpredictability of running a business day to day. Routine occurrences, like a slip in sales because of bad weather or a shutdown during a power outage, can cause a significant cash crunch.
Small businesses also may need an influx of cash for a growth opportunity. If a hair salon is looking to expand its services and become a day spa and the space next door suddenly becomes available, the owner will need money to renovate.
The amount of money you, the business owner, can receive is determined by calculating your company’s average monthly Visa and MasterCard credit card sales for the previous six months. The level of financing ranges from $5,000 to $200,000, and funds can be obtained in as little as 7 to 10 business days.
Alta Funding’s Business Client Managers guide you through the process.
It’s beneficial for you to hire a consultant in the cash flow industry who knows what each of the funding sources requires and can help you find the best match. In addition to helping locate the most appropriate funder, business client managers can help you through the application process. The funder’s underwriting department will then pre-approve your application. The pre-approval process generally takes 24 hours. After all the information is verified, the deal can be financed, typically, within 7 to 10 business days.
Business Cash Advances can be a great way for a small business to get the cash it needs to grow, or to get through a particularly difficult time. For many small businesses, it may be just the source of funding that will help it grow.
If a business is currently receiving a steady payment stream, in most cases, we can provide a lump sum of cash for reinvestment and use now to grow the business and add to future financial success.
Alta Funding Group works with established and expanding businesses to provide working capital to companies in the small-to-medium-sized range who have difficulty securing funding from traditional financial institutions or prefer a funding option that aligns with their cash flow.
With fast, courteous and professional service, Alta Funding promises a free, no obligation consultation that aims to help your business reach their financial goals and dreams.
Commercial Mortgages
We know you are busy running you’re business and that you really don’t have time to submit applications and search out lender’s requirements. We do research on a daily basis and we are in touch with national lenders to help you obtain the best financing for your unique situation. Alta Funding is well connected to all of the major banks that fund commercial deals. One of the biggest questions that are clients ask is
“Will I be able to participate in the conventional market?”
The answer is not as easy as the question however if you can you will benefit tremendously on rate and fees. Every commercial property owner knows how expensive funding for their loan can be, so it is crucial that you limit the number of times that you finance your property and make sure that you do it right the first time. This entails choosing the right lender so that we easily get through underwriting and get a yes answer. Taking into account amortization schedules, loan terms, whether or not you can document your income. Preparing a professional loan package and getting the loan in front of the right lender is key, this is where we come in and this is what you pay us for.
We will always be asking the question: How much risk is in the deal?
Remember risk is representative of yield. Keep in mind that the property only serves as partial collateral we also look at the global cash flow.
Standard Program Highlights
- Purchase, refinance and equity commercial loans and lines of credit from $50,000 up to $500,000.
- Two-page application – it takes only minutes to complete.
- Stated-income on owner-occupied properties.
- Limited income verification required on investment properties.
- Initial credit decision usually received within 72 hours.
- No application fee.
- No appraisal fee.
- No title or escrow fees on equity and refinance transactions.
- Just a 1% loan origination fee.
Working Capital
A measure of both a company's efficiency and its short-term financial health.
Positive working capital means that the company is able to pay off its short-term liabilities. Negative working capital means that a company currently is unable to meet its short-term liabilities with its current assets (cash, accounts receivable and inventory).
If a company's current assets do not exceed its current liabilities, then it may run into trouble paying back creditors in the short term. The worst-case scenario is bankruptcy. A declining working capital ratio over a longer time period could also be a red flag that warrants further analysis. For example, it could be that the company's sales volumes are decreasing and, as a result, its accounts receivables number continues to get smaller and smaller.
Working capital also gives you an idea of your company's underlying operational efficiency. Money that is tied up in inventory or money that customers still owe to the company cannot be used to pay off any of the company's obligations. So, if a company is not operating in the most efficient manner (slow collection), it will show up as an increase in the working capital.
Working capital finances the cash conversion cycle of a business-the time required to convert raw materials into finished goods, finished goods into sales, and accounts receivable into cash. These factors vary with the type of industry and the scale of production, which varies in turn with seasonality and with sales expansion and contraction. Internal sources of working capital include retained earnings and savings achieved through operating efficiencies. External sources include Financial Institutions and other short-term borrowings.
This is quite literally the explanation of working capital. However it is often a misunderstood term for a type of business financing. If your business currently falls under the Negative working capital situation as described above you should call us immediately, as your options maybe limited.
Equipment Financing
Finance the equipment you need rather than purchasing outright:
Equipment finance gives your business the equipment, software, and furniture it needs in order to operate successfully and make a profit. One excellent way to obtain equipment finance is through a lease. A lease is great for businesses because it does not tie up cash, receivables, credit cards, or bank lines.
Equipment finance through a lease is appealing to businesses because they do not need large amounts of collateral in order to get approved. The other major positive is that with a lease the taxes can be expensed.