HELPING BUSINESSES GROW
WORKING CAPITAL, START UP AND GROW, BUY EQUIPMENT, PURCHASE INVENTORY, MAKE PAYROLL, PAY FOR MARKETING, EXPAND, HIRE NEW STAFF, SAVE MONEY.
The difference between having a trusted partner by your side committed to transforming your financial dreams into reality. Your future starts now, and we're here to lead you toward a prosperous tomorrow.
About Us
WE SUPPORT SMALL BUSINESSES
We are partnered with leading lenders and investors to come up with an all around solution to small business challenge of financing. We have a cutting-edge technology to evaluate your business based on its actual performance, not personal credit. We created a quick and easy
process to borrow money. We will jump through hoops to give your business the funds it needs to grow today..
FUNDING OPTIONS
EQUIPMENT FINANCING
Equipment financing is a financing option that allows businesses to acquire necessary equipment without making a large upfront payment. Through equipment financing, businesses can obtain the equipment they need by making manageable monthly payments over a specified period. This approach helps preserve cash flow, as businesses can allocate their funds towards other critical areas of their operations. Equipment financing provides quick access to equipment, allowing businesses to operate efficiently and meet customer demands. Additionally, it may offer tax benefits, as lease payments can often be considered operational expenses and deducted from taxable income. However, businesses should carefully consider factors such as interest charges, potential ownership limitations, and the commitment to repayment before opting for equipment financing.
TERM LOANS
A term loan can be instrumental in supporting and facilitating the growth of a business. This type of loan provides a fixed amount of money upfront, which the business can use for various purposes, such as expanding operations, purchasing equipment, or investing in new projects. Unlike a revolving line of credit, a term loan has a defined repayment period with regular installments over a specified term, typically ranging from one to ten years. This predictability allows businesses to plan their cash flow and allocate resources effectively. Additionally, a term loan often offers lower interest rates compared to other types of financing, making it an attractive option for businesses seeking affordable capital. By providing the necessary funds, flexibility, and stability, a term loan empowers businesses to seize opportunities, enhance productivity, and achieve their long-term goals.
WORKING CAPITAL
Working capital is a crucial aspect of a business's financial health and refers to the funds available for day-to-day operations. It represents the difference between current assets (such as cash, inventory, and accounts receivable) and current liabilities (such as accounts payable and short-term debt). Working capital serves as a financial cushion that enables a business to cover its operational expenses, manage inventory, meet short-term obligations, and pursue growth opportunities. Sufficient working capital ensures smooth business operations, timely payment to suppliers, and the ability to seize favorable market conditions. Insufficient working capital, on the other hand, can lead to cash flow challenges, missed opportunities, and potential business disruptions. Therefore, businesses need to carefully monitor and manage their working capital to maintain financial stability and support ongoing growth.
SBA LOANS
An SBA loan can be a game-changer for small businesses looking for financial assistance. The Small Business Administration (SBA) provides loan programs specifically designed to support and promote the growth of small businesses. SBA loans offer several benefits, such as lower down payments, longer repayment terms, and more flexible eligibility requirements compared to traditional bank loans. This accessibility makes it easier for businesses to secure the funding they need for various purposes, such as working capital, equipment purchases, real estate investments, or refinancing existing debt. Moreover, SBA loans often come with competitive interest rates, which can significantly reduce the cost of borrowing and improve the overall financial health of the business. Beyond the financial aspect, SBA loans also provide valuable guidance and resources through the SBA network, offering expertise and support to help businesses succeed. By offering affordable financing and expert assistance, SBA loans play a vital role in fostering entrepreneurship and fueling the growth of small businesses.
MORE BUSINESS OPTIONS
BUSINESS LINE OF CREDIT
A business line of credit can be a valuable financial tool that provides flexibility and stability to businesses. Unlike a traditional loan, a line of credit gives businesses access to a predetermined amount of capital that they can draw upon as needed. This allows businesses to address short-term cash flow gaps, manage unexpected expenses, or seize new opportunities without the need to apply for a new loan each time. With a business line of credit, businesses only pay interest on the amount they borrow, making it a cost-effective financing option. Additionally, a line of credit provides businesses with a safety net, ensuring they have access to funds when they need them most. It offers the flexibility to borrow and repay repeatedly within the predetermined credit limit, allowing businesses to manage their cash flow efficiently. Overall, a business line of credit empowers businesses to navigate financial fluctuations, seize growth opportunities, and maintain a stable financial position.
INVOICE FACTORING
Invoice factoring can be a valuable financial tool that helps businesses manage their cash flow effectively. Invoice factoring involves selling unpaid invoices to a third-party company, known as a factor, at a discounted rate. This allows businesses to access a significant portion of their accounts receivable immediately, rather than waiting for their customers to make payments. By converting unpaid invoices into immediate cash, businesses can meet their immediate financial obligations, such as paying suppliers, covering payroll, or investing in growth opportunities. Moreover, invoice factoring eliminates the need to wait for customers to settle their invoices, reducing the risk of late or non-payments. Additionally, invoice factoring companies often assume the responsibility of collecting payments from customers, saving businesses time and resources. This flexible financing option can be especially beneficial for small businesses or those with inconsistent cash flow, providing them with the liquidity they need to thrive and succeed.
CREDIT CARD PROCESSING
A credit card processing discount program can be a valuable asset for businesses that accept card payments. Such programs provide businesses with reduced processing fees and transaction costs for credit card transactions. By taking advantage of these discounts, businesses can effectively lower their overhead expenses and increase their profitability. Additionally, a credit card processing discount program often offers enhanced security features, fraud protection, and reliable payment processing services, which can provide peace of mind to both businesses and their customers. This type of program also ensures seamless integration with existing payment systems, making it easier for businesses to process transactions efficiently. Furthermore, by offering a variety of payment options, including credit cards, businesses can cater to a wider customer base, enhance customer satisfaction, and boost sales. Overall, a credit card processing discount program enables businesses to save money, streamline payment processes, and improve overall financial performance.
FAQS
Q: How do you provide value to my business?
As entrepreneurs, we understand that you need enough working capital to fund the many aspects of your business. Our value is in providing the capital you need today to maintain and grow your business for tomorrow and beyond. The approval requirements for our lending programs are significantly lower compared to secured bank loans, so our funding programs are the fastest and easiest way to obtain the money you need. In addition, unlike traditional banks, we offer post-funding support in the form of strategic and financial consulting—free of charge.
Q: What is the application process?
The application process is straightforward and should take approximately five minutes. You submit an application through our representitive to guide you through the process. Once we receive your full application and supporting documents, you will receive an offer within 24 hours.
Q: What are your minimum requirements to be approved for funding?
Minimum of six months in business. Minimum of $25,000 in monthly revenues.Your business is based in the United States or Canada.
Q: What can I use the money for?
It is your money for your business, so you can use it however you see fit. Many of our clients use funding to cover payroll, renovate, manage inventory, expand, purchase equipment, and a variety of miscellaneous business expenses. You are the expert in maintaining and growing your company, and we are the experts in getting you the money you need to do so. It’s a win-win situation
Q: I have bad credit and even a previous bankruptcy. Can you get me funding?
This is one of our most frequently asked questions and the answer is YES! If you have poor personal credit, or even have filed previously for bankruptcy, we can still provide you with working capital. The qualifications are 1) you have been in business for at least 6 months and 2) your business generates sales in excess of $25,000 per month. In over 90% of cases, if you meet these two requirements, we can provide you with funding!
Q: How long does the approval process take?
Typically, approval is within 48 hours after we receive your full application, but it can take up to 72 hours, depending on how quickly you provide the required information, as well as the amount of funding being requested.
Q: How long will it take to receive my money?
Usually within 24 hours after a contract is executed and received.
Financial Team
At ICONIC CAPITAL NETWORK
our team is the driving force behind our commitment to your financial success. Our team members share a common passion for empowering individuals and businesses to navigate the complexities of finance.
Get In Touch
