Cash Flow Lending
Same day/next day cash service. Your business can borrow up to a months’ revenue and there are no early repayment fees. Also known as a revolving credit facility or retail finance / bridging loans.
Generally the interest rates are higher than asset lending; because it’s unsecured. However, digitalisation reduces the cost of the lending, so it’s still cheaper than the banks.
Alternative funders integrate online selling accounts like Amazon and Ebay to their analysis algorithms, enabling revolutionary approval processing and simple application forms. Interest rates can be as low as 1.5 – 4.5% per month. You need some kind of trading history to apply here – at least 6 months and an ‘ok’ credit score for approval.
Two Weeks Vs Two Hrs
Cash flow lending is a quick solution.
Basically some smart guys created online algorithms to speed things up… It’s called cash flow lending and it’s very different to traditional banking loans.