Small business financing options that can benefit businesses
Strata Financial Solutions, where small business go big. Providing fast and affordable financing for over 30,000 small businesses.
Easy Process
Apply within minutes
Tailored Financing
Created specifically for small businesses
Fast Funding
Receive funding within hours of approval
What is Small Business Financing?
Business financing is when a small business receives financing, such as a business loan, merchant cash advance, or line of credit, that is used solely for business purposes. In fact, most businesses rely on small business financing to help meet many of their needs. Small business financing can apply to anything business-related, such as marketing efforts, location expansion, and general working capital.
At Strata Financial Solutions, we understand how small businesses operate, and we’ve created financing solutions to meet those needs. Our funding solutions offer a simple application process, easy-to-understand terms, and flexible payment options so small businesses can obtain the working capital they need when they need it most.
Business Financing Options
Small Business Loan
Great for receiving funds in one lump sum with fixed payments and terms. Small business loans are ideal for bridging a gap in cash flow, one-off equipment purchases, capitalizing on a new opportunity, or completing a big job.
Loan Amount
Starts at $25,000, up to $25,000,000
Flexible Payments
Based off your qualifications you will be placed in the proper payment option.
Business Loan Terms
Starts at 3 months and ranges up to 72 months
Key Benefits
An easy application process, fixed payments, longer terms, and access to higher dollar financing amounts
Payment Frequency
Daily, weekly, biweekly, monthly payment options available
Cost & Fees
An interest charge or fixed fee will be charged; other fees may also be charged
Merchant Cash Advance
A merchant cash advance is great for businesses that want more flexibility as the advance has variable payments based on credit card sales or other receivables
Advance Amount
Starts at $25,000, up to $25,000,000
Flexible Payments
Based off your qualifications you will be placed in the proper payment option.
Loan Terms
Starts at 3 months and ranges up to 24 months
Key Benefits
Great for businesses that have high credit card sales/receivables or are seasonal
Payment Frequency
Daily, weekly, biweekly, monthly payment options available
Cost & Fees
The receivables are purchased at a discounted price and fees may be charged and deducted from the advance amount
Line of Credit
A business line of credit is a flexible funding option that works on a revolving basis. It provides businesses with an approved amount of working capital funds that they can draw on whenever they need it. A business line of credit is valuable for unexpected expenses, acting as a cushion for cash flow during slow times.
Loan Amount
Up to $1,230,000
Rate
7% per clip drawn.
Payment Charged
Interest-only on the amount deposited
Monthly Cost
$13,000
No prepayment penalties
Renews annually
Key Benefits
Flexible funding is ideal for repeat cash flow, which allows businesses access to working capital when they need it most
Bridge Loan
Bridge loans are short-term loans available to businesses while they secure permanent financing or remove an existing financial obligation. Ideal for businesses that need to meet current obligations with immediate cash flow.
Funded Amount
Up to $235,000
Business type
HVAC and COOLING
Payment Frequency
Weekly payment $2,100.00
Key Benefits
Access to quick capital until the business can secure a longer-term loan
Funding Time
Funded within 12 hours
SBA Loan
An SBA loan is a long-term, low-fee small business loan partially guaranteed by the government that can be used for business purposes.
Loan Amount
Loan amounts up to $1,500,000
Payment Frequency
Monthly payments from an account on file
Term Length
10 years
Rate
Competitive variable rate
Monthly Payment
Approximately $18,000 – $22,000 a month.
No short-term pressure
or daily payments
The Result
With affordable long-term financing, the client was able to:
- Increase revenue capacity
- Improve operational efficiency
- Preserve cash flow
- Continue growing with confidence
Asset Based Loan
Asset-based loans are based on company assets that are used as collateral to secure business financing. This allows you to borrow on an ongoing basis to cover expenses or investments.
Funded Amount
Up to $2,200,000
Payment Frequency
$17,050 a month
Loan Terms
129 business months
Small Business Financing Questions to Consider
A merchant cash advance is a great option for businesses that accept credit cards, have lots of receivables, or are seasonal. It’s based on the businesses’ credit card sales or other receivables, so payments are flexible. If a business is looking for a higher financing amount and fixed payments, then a small business loan may be a better solution for the business.
How long your business needs working capital for can guide you towards the best option for your business. Merchant cash advances and lines of credit are the most flexible when it comes to shorter-term financing. Small business loans are great for long-term financing as your business may have up to 60 months to repay.
While some small business financing does take into account your credit score, the majority of commercial financing companies rely more on the performance of your business. Certain financing products, such as a merchant cash advance, typically allow for a lower credit score, whereas a line of credit might require a higher credit score.
Lines of credit could be the best business financing option since, once approved, you have access to a pre-determined amount whenever your business needs it.