WORKING CAPITAL IS ESSENTIAL FOR A BUSINESS to remain afloat.
But sometimes a company may find that the difference between assets and liabilities is not sufficient to maintain daily operations. That’s when it’s time to bridge the gap by financing Working Capital.
There are different ways a company can finance working capital. Some of the more common solutions include a Merchant Cash Advance (MCA), a revolving line of credit and accounts receivable factoring. And while they all provide cash flow, they are not created equal.
Indeed, there is a product that offers a long list of customer benefits – not the least of which are better rates and extended terms: Our New Cash Out program.
THE CASH OUT PROGRAM
The Cash Out Program is an excellent alternative to the, more expensive – less flexible – financing arrangements. Simply put, it allows borrowers to “pull out” the equity from paid-up business equipment and channel the proceeds back into the company.
Although similar in concept to a “sale leaseback”, our Cash Out is structured as a loan. That means all the benefits associated with a loan are in effect.
CASH OUT BENEFITS
- Competitive Rates
- Terms Up To 60 Months
- Monthly Payments vs Daily or Weekly
- Early Payoff Options With No Penalties
- Up To 140% Loan To Value
- Retain Ownership Throughout The Life Of The Loan
- NOT Tied To Accounts Receivables – Invoices – or Credit Card Sales
- No Restrictive Covenants
- Equipment Usage Remains Uninterrupted
- Flexibility With Use Of Funds
Cash Out For These And More!
CASH OUT IN ACTION: EXAMPLE
Assume you want to pledge an unencumbered 2017 CAT D5K-XL Dozer for a Cash Out Loan.
We would assign a Loan-to-Value of up to 140% of the assigned wholesale value for a Cash Out transaction.
If the equipment has an assigned wholesale value of $90K, a loan in the amount of $126K (after fees etc) will be disbursed to you. Rate and down payment is determined on an individual basis.
Need working capital? With a Cash Out Refi Loan arranged through P&S Business Financing you can:
- Put cash in your company’s pockets
- Take on more jobs
- Acquire new equipment or expand your business
The Equipment equity loans we arrange are not based on the profitability of your company but the value of your equipment. Even if your personal credit is badly damaged we can get you the cash you need – Now! Call us today!
P&S Business Financing is a specialist in arranging funding for all types of specialty trucks, logging, agriculture, construction equipment, and more. We work directly with equipment dealers or end users. Our specialty is less than perfect credit or people who have been turned down by traditional sources, but welcome strong bank worthy businesses as well. We can approve transactions in 24-48 hours or less. Normally, we do not require financial statements or tax returns on any transaction up to $150,000 (some sources up to $300K). We also have a preferred rate program for better credits. Our application is the easiest to fill out.
