Fast Cash
When you need cash now, you can’t afford to wait for a traditional bank loan. That’s why our lenders provide fast cash financing so you can get business done today.
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Whether you’re looking to close on a real estate deal or need to handle surprise expenses, we have financing that’s ready in a flash. Traditional long-term loans are valuable and effective in the right situations, but they’re slow. Banks often have layers of red tape you need to cut through before becoming approved. Once your bank gives the thumbs up, it could still be weeks before you see any money.
Our lenders can approve your loan in a matter of hours or days, not weeks or months. We also have financing options that don’t require a loan at all. Leverage your company’s equity assets to bring in the capital you need right now and say goodbye to the wait. If short-term funding isn’t enough, transition with term-to-perm financing. To find out more, speak with an R-Edge Commercial Funding specialist today.
Similar to credit cards, lines of credit are a form of “revolving” credit. But unlike credit cards, you can use company assets to secure a low-interest rate. Get higher borrowing limits and pay less for financing when you get a business line of credit. Don’t feel like putting up collateral on your account? Try an unsecured line of credit that keeps your assets off the table in case you’re unable to make payments. You only pay interest on the amount you borrow, which makes a line of credit great for emergencies. Keep a zero-balance line open for next to no cost. We’ll show you how.
Lines of Credit
Factoring
When you need cash fast but don’t want to take on more debt, try factoring. Factoring is a sale of assets, not a typical loan. You can turn your accounts receivable assets into cash by selling them to a factoring company. Factors buy invoices, purchase orders, and contracts from you and then collect from the customers who owe on those accounts. You only need to pay the factor back if your customer fails to pay the invoice themselves.
With factoring, it’s your customers’ credit and payment history that matters, not your business credit score. For businesses that haven’t had time to build up their credit scores, factoring can be an ideal way to bring in capital quickly. It enables companies to take care of their expenses without late fees or penalties, instead of waiting weeks for customers to pay. Used this way, factoring can help you avoid hits to your credit score and put you in an ideal position for future financing.
A sale-leaseback is a way for companies to sell their equipment without surrendering it. You sell your company’s equipment for a lump sum of cash. Then, you enter into a lease agreement with the new owner so you can continue using the equipment. It’s a smart way to leverage equipment assets for financing without giving up the machines and tech you use every day. When the lease is up, there are buy-back, renewal, and upgrade options available.
Once you’re in a lease, you can access several new advantages. With most equipment leases, maintenance and repairs are included in your monthly or quarterly payment. That means you don’t have to scramble for extra cash when equipment breaks down. Upgrade equipment easily when you want new technology like AI automations and IoT-enabled devices. Sale-leasebacks give you cash and maneuverability when you need it most. Ask an R-Edge Commercial Funding team member to show you how.
Sale-Leaseback
Hard Money Loans
Hard money lenders look at the value of your company’s assets, not its credit score, to determine the loan. That means you can use the equity in your real estate assets, equipment, or inventory to secure a hard money loan even if you have poor credit. Most hard money loans come from private lenders, who aren’t under the same underwriting restrictions as banks. This enables them to make decisions faster and give you the money you need without the long processing time.
If you want to invest in CRE to restore and resell, a hard money loan gives you the cash to close quickly. Secure the loan on the property you’re purchasing and use the After Repair Value (ARV) to get extra cash for the renovation all at once. Then you can resell and move on to the next investment. To learn more about what you can do with a hard money loan, consult with one of our team members today.
Our Process Is Simple
Three Steps to Funding
Step 1
Fill Out Our Application
Fill out a quick application form to tell us about your company.
Step 2
Match With a Lender
Meet with an R-Edge Commercial Funding specialist to help you choose your options.
Step 3
Receive Funds & Grow
We’ll make sure your application is complete and set up for success.
Access funds today with financing sourced through our lender network. We’ll help you find the right terms and the right sources of money to support your business growth.
ALTERNATIVES
If fast cash isn’t what you’re looking for, try:
SBA 7(a) Loans
The SBA’s 7(a) loan lets you borrow working capital to put toward your business goals. If you’re a small business, even with poor credit, an SBA loan can give you financing for up to a seven-year term with an SBA-capped interest rate. Down payments are as low as 10% for qualifying small businesses.
Bridge Loans
A bridge loan covers the financial gap between short-term needs and long-term goals. Use a bridge loan to put a cash offer down on a commercial property while you’re waiting for your mortgage to come through. Replace the bridge loan with the long-term loan when you’re ready to switch.