Working Capital
Small business working capital loans are perfect for healthy businesses with steady revenue. Our working capital provides speed, simplicity, and versatility to meet the funding needs of any business.
Payment terms can be set to automatic daily, weekly or monthly payments.. Instead of having to cut checks, figure out payments, and get unexpected surprises in the mail, money is deducted from your business’s bank account which makes the re-payment process more efficient. It’s financing without the usual stress and hassle.
For business owners looking for manageable funding amounts and shorter repayment terms of 6-24 months, working capital loans and merchant cash advances through Converge Capital Group are ideal. However, if you’re interested in longer repayments terms of 36 months and beyond, we can provide those terms if you meet certain requirements. Let’s get started on providing your business with the funds you need when you need it most!
Products we specialize in are:
Term Loan: Invest in your business or use funds to expand
Loan Amounts :
$10,000 – $5,000,000
Term:
6 months – 10 years
Funding Time:
1 – 3 days
Line of Credit: Manage cash flow or purchase inventory with a revolving line of credit
Loan Amounts :
$10,000 – $5,000,000
Term:
6 months – 10 years
Funding Time:
1 – 3 days
SBA Loan: Get expedited SBA funding at a prime rate to cover working capital and expenses related to growing your business
Loan Amounts :
$50,000 – $5,000,000
Term:
10 – 25 years
Funding Time:
45 days
Equipment Financing: Use for major equipment purchases
Loan Amounts :
$10,000 – $5,000,000
Term:
1 – 5 years
Funding Time:
2 – 5 days
Commercial Real Estate Loan: Purchase or refinance an owner-occupied or investment property
Loan Amounts :
$100,000 – $5,000,000
Term:
10-yr term, 25-yr amortization
Funding Time:
30 – 45 days
Government Contract Financing: Growth capital needed to fund contract completion
Merchant Cash Advance: Utilize future sales to get great financing terms that are tailored for you
Loan Amounts :
$10,000 – $5,000,000
Term:
6 months – 12 months
Funding Time:
1 – 3 days
Merchant Cash Advance Reverse Consolidation: Consolidate your MCA debt and improve cash flow by up to 75%
Loan Amounts :
$10,000 – $5,000,000
Term:
6 months – 12 months
Funding Time:
1 – 3 days
Accounts Receivable Financing: Turn your accounts receivables into cash now to better manage your cash flow gaps
Loan Amounts :
$10,000 – $5,000,000
Maturity:
6 months – 10 years
Funding Time:
2 – 5 days
Asset Based Loans: Use for expansion projects or large purchases
Loan Amounts :
$10,000 – $5,000,000
Term:
6 months – 10 years
Funding Time:
1 – 3 days
Franchise Financing: Use to acquire a new franchise or location
Loan Amounts :
$10,000 – $5,000,000
Term:
6 months – 20 years
Funding Time:
2 – 7 days
Startup Funding: Launch your new business without cash flow challenges
Loan Amounts :
$10,000 – $5,000,000
Term:
6 months – 10 years
Funding Time:
1 – 3 days
Does Your Business Qualify
1. We offer access to working capital which means you need to have been in business for six months or more.
2. Your business bank statements must show deposits that are at least $10,000 a month.
3. If you do not think you qualify right now, give us a call and one of our Business Advisors will be happy to speak with you about our products. One of them may fit your needs right now.
What You Will Need to Provide
Your Business Advisor will walk you through the process and explain any details—like what you might need to finalize funding from our lending partners. We will need the following to finalize your loan or advance:
3 months business bank statements
Unexpired government issued picture ID of all owners
Voided Check from underwritten business bank account
HOW IT WORKS
We Have A Simple 5-Step Process from Application to Funding…
Online Application
Completed
Meet Your
Advisor
Review Funding
Options
Choose Best
Offer
Get Funded