SEIZE GROWTH OPPORTUNITIES
AND COVER TEMPORARY CASH FLOW SHORTAGES WITH BENCHMARK FUNDING
Tired of waiting on banks to provide the working capital you need for your business? When your business is confronted with unexpected situations that appear beyond your control, or you simply need to make a large investment to grow your business, Benchmark Payment Networks business capital program can provide you with the financial relief you need.
We understand the challenges you face obtaining funds through traditional methods, which is why we provide simple and convenient alternative financing solutions. Our easy-to-implement working capital options are flexible, and funds are immediate, ensuring your business needs are satisfied.
Benchmark has mastered all of the complex aspects of the funding process, so we can adjust even the smallest of details to create the best financing structure available for you.
Our team has the industry-experience, knowledge and relationships to ensure that you get the best business funding option possible. By focusing on management, assets and future revenue, instead of only balance sheets and projections, often Benchmark can do what typical banks cannot. For example, we may be able to offer longer payback terms if needed. We may also be able to create dynamic financing solutions that combine term loans and lines of credit to satisfy both short and long-term funding requirements. Whether you need funds to expand your business or increase working capital – whatever your situation – we can deliver the capital funding options to keep your balance sheet stable and your business growing.
BUSINESS CAPITAL SOLUTIONS TAILORED TO YOUR SPECIFIC NEEDS
There is no “one size fits all” approach to funding. That is why we carefully weigh your need for capital and the creditworthiness of your business, and evaluate available options before creating the right financial solution. Our programs make borrowing money simple and quick, without the bureaucracy and red tape generally associated with traditional banks. This means less paperwork and more time for you to focus on growing your business.
Small Business Loan
Whether you are seeking a merchant cash advance, small business loan, revolving line of credit, or spot factoring, our team will assist you in selecting the best working capital program for your unique situation.
When your business is confronted with unexpected situations that appear beyond your control, Benchmark’s line of credit program can provide you with the financial relief you need. We can shorten the underwriting process of asset-based lending because we secure your revolving lines of credit with your company’s assets:
- Accounts receivable
- Existing inventory
- Real estate
This quicker turnaround time, compared with traditional bank financing, means you will have your funds sooner to meet any business shortfalls. This working capital option offers you the flexibility to draw down on the line, or more quickly obtain an increase in the line, at different times, and for different purposes. You can also utilize the funds for virtually any business endeavor with no restrictions – the possibilities are endless.
Benchmark has taken asset-based lending principles one-step further by applying this concept to leveraging future revenue. This innovative financing solution provides you with a merchant cash advance – not a loan – by leveraging your future credit card sales and future bank deposits.
This type of cash advance is not related to any specific collateral and is simply repaid through your business’ earnings.
Reap the benefits of our flexible and affordable repayment structure, as they are determined by your daily cash flow. We automatically debit a fixed payment from your business bank account at an agreed upon interval, so you won’t have to worry about missing due dates.
This capital option might be the best fit if your sales fluctuate or if your business is seasonal, as the availability to funds mirrors your cash flow.
With payback periods of typically six to eighteen months, we solve your short-term cash flow needs without creating new problems – and you may qualify for a renewal at your option.
A term loan, also known as a small business loan, is the most common form of funding. With a term loan, we can fix the outstanding balance for a period ranging from three to eighteen months. Whether you need funds for marketing campaigns, seasonal hiring, location expansion or new product development, we will work with you to determine the appropriate sized funding amount and the optimal payment schedule for your business. Our funding process is fast and easy, unlike the lengthy process from a traditional bank. We focus on getting you approved so your business can thrive.
Benchmark offers spot factoring services to those businesses that have occasional working capital needs due to seasonality or large contracts. This funding alternative is considered an advance against your invoices and not a loan.
It’s a perfect way to bridge the gap between your invoices and collection.
When you require money, you simply assign your accounts receivables to us and receive an advance. Our spot factoring services give you flexibility so you only factor invoices when you need the money – giving you the confidence to fulfill larger orders. Let us help you turn your receivables into cash now, and gain the working capital and peace of mind your company requires to succeed.