Industries We Serve
Restaurants and Bars
Is your restaurant experiencing empty tables and a staff milling around? Do you have fluctuating income with the ebbing and flowing of patrons? Are you still recovering or experiencing a cyclically slow season?
Converge Capital Group provides working capital loans for restaurants. We have been helping restaurants in communities throughout to help ease the stress during an uncertain season. Our working capital advances and loans might be the best solution for your restaurant.
A working capital advance or loan from Converge Capital Group helps finance the daily operations of your restaurant. This will help cover times when sales are down and is considered a short-term funding solution. We tailor our working capital solutions to your restaurant, and this can be an amazing economic solution during this time filled with change.
Having enough working capital for your restaurant operations can be challenging to calculate, manage, and juggle. However, our experienced business funding experts will listen and help determine the amount you need that is affordable for your circumstances. Your working capital funding solution may be used for business-related expenses such as a downswing in sales (to cover salaries and supplies), inventory, marketing expenses, renovations, repairs, and unpredictable emergencies.
Converge Capital Group is a leader in alternative funding. We provide access to the capital to help businesses sustain, grow, and expand. In addition, we provide working capital as a short-term solution to many restaurants to help them thrive again and serve their communities. If you think your restaurant may benefit from obtaining working capital, get in touch today!
Construction and Contractors
Too often, construction companies and contractors lack the working capital needed due to larger projects they are bidding on or working to complete. As a result, construction companies and contractors often need additional working capital to bridge the gap to deliver on the promise they made to their clients by having their big project completed on time. Let us help you make a difference in communities by providing you with the access to working capital you need. So, alleviate some stress and move toward reaching your goals this week by obtaining the working capital you need.
We understand the construction industry and recognize the cash flow issues of a thriving construction company or contractor. A construction company or contractor can often benefit from a quick working capital loan to cover them during significant endeavors, with additional workforce needs, or with more of the necessary equipment needed to complete the job. Sometimes it is more cost-effective for a construction company or contractor to outsource labor or rent specialty equipment. Contractors and construction businesses don’t have time to wait or room for delays in this competitive industry.
Converge Capital Group is a leader in providing fast, convenient, and hassle-free alternative funding. We provide working capital with short turn-around times and same-day answers with our easy-to-use online application. We have high approval rates and can typically help you obtain working capital funding within 24 to 48 hours. Apply today for a no-obligation quote for your construction company or as a contractor.
Is your auto repair shop needing additional working capital fast? Having enough working capital can make or break your business. Don’t cut yourself short. There are business funding options available! Apply now using our online no-obligation application that is easy to navigate and get a same-day answer. It’s free, quick, and easy to apply to get the funds you need to keep your business thriving. After approval, you can typically receive your working capital loan funds within 24 to 48 hours.
Converge Capital Group is experienced in providing working capital loans to auto repair shops and the automotive industry. We are a leader in fast alternative funding and stand dedicated to helping your businesses move forward.
It takes money for auto repair shops to operate. Auto repair shops need a skilled workforce, marketing campaigns, parts, inventory and expensive equipment. When lengthy projects arise or equipment breaks down, covering these expenses can halt business and income, quickly compromising operational working capital.
Providing service year-round can get complex, and keeping auto repair shops open, providing service and earning income are challenging. Converge Capital Group provides fast working capital loans for auto repair shops to help them overcome obstacles and pay their expenses on time so they can remain competitive year-round.
The trucking industry is expected to grow approximately 6% by 2026. We’ve heard it before, “it takes money to make money,” and there’s some truth in that familiar phrase. Converge Capital Group recognizes that business growth also means a need for additional working capital. The trucking companies that maintain ample working capital to move ahead and be competitive can thrive. In contrast, a lack of working capital can hinder reaching the business goals of your trucking company.
Converge Capital Group offers fast working capital loans for your current trucking company needs. A working capital loan is usually recommended for a short-term business funding need, typically with terms of two years or less. This business funding loan option generally does not require perfect credit, and a trucking company can use this business funding loan as working capital for their everyday operations and to improve cash flow. A working capital loan for a trucking company is used to help purchase additional trucks and maintain your daily expenses as you move ahead toward growth and long-term success.
Every trucking business needs to have enough working capital available to cover planned and unpredictable expenses. In addition, having ample working capital can help you cover fluctuations and inflation – the rising fuel cost faced by your trucking company.
Converge Capital Group offers working capital loans to the trucking industry as a lifesaver to provide easy access to quick business funding when you need it the most. If you don’t want to go through the complex and lengthy process of obtaining a bank loan, have been turned down by your bank, or have credit problems, a working capital loan from Converge Capital Group may be the right solution for your cash flow needs.
If you own, operate, or manage a landscaping company, chances are you will find a quick working capital loan is advantageous to your success. There’s always room for improvement. Suppose you dream of adding more workforce, better transportation, new equipment, or your old equipment is holding you back, or you want to improve your equipment. In that case, a fast-working capital loan may be the right solution for your landscaping company. Each of these investments in your landscaping company can improve your business productivity and revenue.
Chances are you’ve got big dreams for your landscape business. You’ve dreamed of a large client base, the latest products, and high-end equipment. Yet, a lack of working capital is holding you back and your landscape company is not where you want it to be at this point. If you had more working capital, you’re sure you could bring your vision to reality.
You don’t have to be held back from having a successful landscaping business. A working capital loan can provide from $5,000 to $500,000, and we offer fast approvals. Converge Capital Group recognizes that a quick working capital loan for your landscape company can help it generate more revenue. The business funds can be used for various business purposes. Your landscaping company can benefit from a quick working capital loan, so it has ample funds to move ahead. Whether you are struggling to make do with old equipment in need of repair, need money for marketing or a new website, find it difficult to make payroll, or require a financial boost for supplies, a working capital loan can quickly make things operate smoother and alleviate some financial stress.
Hotels and Lodging
If you are an owner, operator, or manager in the hotel and lodging industry, we understand your normal obstacles and the additional hardships that you have incurred over the last two years. A quick working capital loan for hotels or lodging businesses is a funding solution used to finance a hotel or lodge’s everyday operational expenses. These working capital loans are not used to buy long-term assets but to provide the quick working capital that a hotel or lodge needs to cover its short-term operational needs. These operational needs can include business expenses such as debt repayment, payroll, and rent.
Hotels and lodging businesses have high seasonality and cyclical sales, which makes a working capital loan an excellent choice to help them continue to sustain their operating expenses even during downtimes where business activity is slow. With everything hotels and lodging companies have experienced and endured, sometimes a boost of the working capital loan is enough to help them thrive again.
Converge Capital Group is a leader in fast alternative funding solutions. A working capital loan is easy to obtain, is not an equity transaction and collateral may or may not be required. It typically depends on the working capital loan amount and your personal credit score. Contact us today to see if the working capital loan is the best solution to increase your hotel or lodge’s working capital.
The neighborhood liquor store has been there forever. Locals continue to support it as they can. So, if you are a liquor store owner struggling to have enough working capital to order at the optimal times, keep shelves stocked or renew licenses, let’s have a conversation about a fast-working capital loan tailored to fit your circumstances.
Liquor Store working capital loans target cash flow cycles and recurring expenses. The key to success for most liquor stores is focusing on high-profit items, which is difficult to predict. A liquor store has a lot of investment in inventory, security, licenses and needs enough working capital to maintain, grow, and stay competitive.
Converge Capital Group provides quick working capital loans to liquor stores to help with short-term needs and larger purchases. In addition, working capital loans can assist with paying for marketing, advertising, inventory, and other business expenses.
Liquor stores can experience seasonal booms and slowdowns. Liquor Store business loans can help you stay up to date on vendor payments, making you eligible for discounts or longer payment terms.
We understand the industry and we’re here to help liquor store owners throughout keep their doors open, maintain and grow again.
Retail stores have experienced an even more unstable cash flow within the last two years than previously. It was always a typical circumstance for a retail store to have cash flow issues due to many situations. So, now, there could be too much inventory sitting on shelves leaving working capital at a stand still. In addition, competition is also extreme with everyone working hard to get the foot traffic.
Converge Capital Group is a leader in alternative funding solutions. We provide working capital loans to retail stores to assist them through the slow times and to help them thrive. A fast-working capital loan for your retail store will help you cover short-term needs, your day-to-day expenses and bridge a gap until things pick up.
Having enough working capital is vital to the success of your retail store. Most retail stores do not get to experience steady cash flow all the time. A lack of working capital makes it impossible to keep up with your routine expenses that occur, whether your business is in a slow time or booming.
Our working capital loans are hassle-free, quick and easy. We provide a same-day answers on your application and typically provide the funds for the working capital loan within 24-48 hours. So, contact us now and let us partner with you to move your retail store forward this week.
Beauty Salons and Spas
The Beauty Salon and Spa industry continues to grow and generate significant revenue. They were impacted dramatically over the last couple of years and are rebounding now. Most of us want to look good and seek out beauty salons and spas for help!
We understand the unique benefits and the struggles faced in the beauty salon and spa industry. Converge Capital Group wants to help you keep serving your communities so you can help people look and feel better. Our quick working capital loan may be your answer if you struggle with having ample cash flow to meet your daily operating expenses.
Beauty salons and spas have numerous operating expenses, including keeping a talented workforce, investing in digital marketing and physical marketing, keeping the interior design neat, clean, welcoming, maintaining salon equipment and offering beauty products. Cash flow is hindered for many reasons, and a fast-working capital loan helps cover the gaps in cash flow so a beauty salon and spa can meet their operating expenses.
Converge Capital Group is a leader in alternative funding. We offer a quick application process with a same-day answer. Our working capital loans are processed fast, with funding in as few as 24 hours after approval. You can count on our business funding experts to listen to your needs and customize a solution to your needs.
Manufacturing is an essential and vital part of the U.S. economy, for both manufacturers and employers. Unfortunately, there doesn’t seem to be an industry that has not been impacted negatively by the pandemic and the manufacturing industry is not escaping unscarred. We recognize that many manufacturing businesses dived into funds you didn’t plan to use and are now experiencing a lack of working capital. It’s hard to keep up with payroll, overhead, and day-to-day expenses or be able to take advantage of opportunities, grow, or expand with a lack of working capital. When a manufacturing company has ample working capital, it can focus on improving manufacturing processes and keeping up with the latest technology and procedures instead of the ownership and management experiencing sleepless nights worrying about moving ahead.
Many manufacturing companies need additional working capital and banks aren’t always eager to lend. If you are a manufacturer struggling to obtain traditional financing or need immediate business funding, consider obtaining a working capital loan through Converge Capital Group.
We recognize the important role manufacturing plays worldwide and are here to help make a difference by providing access to fast working capital funding when you need it the most. We focus on cash flow and not necessarily the credit score and history. We can be creative with our working capital loan offers with amounts from $5,000 to $500,000 much faster with less paperwork and documentation than a traditional lender.
A staffing company can be very profitable. So how can a staffing company need a working capital loan? Outsourcing employees is a prevalent business solution, and this business environment has caused the staffing industry to thrive. However, operating a thriving staffing agency is challenging. Outside of the ordinary operating expenses, payroll can be excessive and must be paid on time every time. This is often a dilemma for staffing businesses. They may lack the working capital because they are waiting on their commercial clients to pay their invoices for the outsourced staff. Your commercial client has 30 to 60 days to pay their invoices and you must pay your employees every week or two. This delay in receivables creates a continuing gap in your cash flow.
Enough working capital can help your business thrive and succeed. However, not enough working capital can be detrimental to your staffing company. A working capital loan can help you improve your cash flow quickly and is a short-term solution while you build up your reserves.
Converge Capital Group provides fast working capital loans to help staffing agencies like yours move forward with confidence as they have the business funds to take on the new clients and meet payroll, which will ultimately increase revenue. We are a leading funding enterprise offering alternative funding that is quick, easy and hassle-free. If you do not have the time, energy and patience to obtain a traditional loan or have been denied a loan already, contact us to see if alternative funding will work for your situation.
Does your medical practice need additional working capital? Medical practices often must wait too long on receivables and have large payouts, expensive overhead and can quickly have a lack of cash flow. This adds stress to your days and can hinder your growth and revenue potential.
Obtaining working capital quickly for your medical practice should not be complicated or a long and drawn-out process. However, if you need ample working capital for your operating expenses fast, that is hassle-free and skips the red tape of a bank loan, contact us about getting the working capital you need.
Our fast-working capital loans may be used for operating expenses such as purchasing equipment, marketing, advertising and taking care of unexpected costs. In addition, our quick working capital loan may be the solution if you need to improve your cash flow. Our professional business funding experts understand, listen and create business funding solutions customized for your unique needs.
Converge Capital Group is a leader in alternative funding and provides a same-day answer to the easy-to-use online application and fast business funding of a working capital loan, generally within 24-48 hours. Our fast-working capital loan provides short-term funding to help cover the everyday expenses of medical practice.
A quick working capital loan helps medical practice owners meet daily operational expenses and obligations. These short-term working capital loans for a medical practice can help stabilize cash flow and meet your business needs.
Gym and Fitness Centers
Converge Capital Group can help you quickly increase your capital so your gym or fitness center can reach its unlimited potential. If traditional bank financing doesn’t work for you, whether you have been turned down, have credit flaws, or don’t have time for their lengthy process, a working capital loan might be the right choice. So, contact us today, and let’s move forward.
The transportation industry has grown so quickly that many small, medium, and mom-and-pop companies find themselves in need of fast business funding. We provide immediate working capital solutions for the transportation industry. A working capital loan may be the best solution if you don’t have time for the drawn-out process of traditional lending, don’t meet their strict requirements, or have been turned down. In addition, a working capital loan could help your transportation company take care of operating expenses, overhead, payroll, or expansion to move ahead.
The transportation industry in America is competitive, diverse, and a significant component of the economy. Transportation encompasses air, freight, maritime shipment, and of course, trucking. The transportation industry keeps resources flowing worldwide and across the United States.
Converge Capital Group provides working capital loans faster than a bank loan, requires less documentation, has less credit history requirements and doesn’t reject your business automatically because of a less than perfect credit score. An application gets an answer on the same day and an approved working capital loan is generally funded within 24 hours.
Consider applying for a working capital loan if you need business funding immediately. Then, you could be ready to move forward next week instead of worrying about the impact that a lack of working capital can have on your transportation business. Let us help you refocus on what you do best!
The Information Technology (IT) industry is anticipated to continue to grow quickly leading to 4.4 million jobs by 2024. So, you wonder why an IT company in a booming industry would need a working capital loan? Many Information Technology companies struggle to meet day-to-day expenses, overhead, and payroll costs as top-line developers are in demand.
Working capital is needed to stay ahead of the game in this competitive and growing IT industry. A lack of working capital can harm your revenues and chances of success. Not having enough working capital makes it difficult to keep an IT business open or develop new and innovative solutions. As an information technology business competes against larger brand name companies already holding a large market share in the IT industry, marketing your new technology solutions can quickly diminish your working capital. Investing in marketing could be the factor to help your information technology company compete successfully. If you already need to expand from your home office or from your small start-up facility to a larger one, don’t halt your growth by being reluctant to consider a working capital loan. While your space is vital, keeping updated equipment is also essential for an information technology company. Converge Capital Group can help you obtain a working capital loan that may help you keep your information technology company moving ahead and thriving.
Our application is straightforward. Complete it today and submit the minimally required documents. Get a same-day answer, and generally, you can obtain the business funding for a working capital loan within 24 hours.
It takes a lot of dedication, hard work, and long hours to make a lot of money. Many aspiring entrepreneurs work incredibly hard just to get their wholesale business up and running. But we’re here to help. With over a decade of experience, we offer the working capital loans you need to get your business going. Converge Capital Group can support Wholesalers by providing working capital funding in 24-48 hours. The application process is fast and simple, and we’re readily available to help you with any questions you may have.