An interest-only loan is a loan in which the borrower pays only the interest on the principle balance. Because only interest has been paid, a balloon payment is due at maturity which is the outstanding principal sum on the loan.
An Unsecured Line of Credit requires no collateral. No asset is acting as collateral against the lent funds which causes us to accept a much higher level of risk while the borrower has the freedom to use funds appropriately and according for the growth of the business. A borrower can use it to purchase equipment, finance inventory, payroll, or even expansion.
A Merchant Cash Advance is a funding option that differs from a conventional loan by focusing on revenue volume rather than other traditional loan requirements. This gives a merchant the opportunity for flexibility in managing their cash flow. MCA’s are a useful resource in aiding the development and growth of a business. They require little to no credit and the funding process is one of the quickest in the industry.
Many borrower’s take on multiple Merchant Cash Advances. A MCA Consolidation buys out existing positions to help merchants avoid defaulting. A borrower benefits from consolidation because it puts a merchant back on track towards long-term sustainability. If it makes financial sense, we can buy out as many as 7 open positions.
This is a key program for assisting start-up and existing small to midsize businesses with financing. To qualify the primary factors are based on what the business does to collect its income, the integrity of its internal structure in addition to where and how the business operates. There is no set minimum and can be as large as $50 million.
Invoice factoring is a financing solution to turn pending invoices, or accounts receivables, into cash on hand. Invoice factoring supplies businesses with the ability to stay current on their expenses and avoid missing any opportunities for expansion by eliminating waiting for payments from their customer base. Once invoices are submitted and reviewed, they could potentially be funded within 24 hours.
Purchase order financing is a process where we will purchase a portion or the entirety of the supplies needed for a business to successfully complete a processed order from a customer. Turning down a potential order from a customer because of insufficient cash flow results in lost revenue and a tarnished reputation. A purchase order financing plan can aid in avoiding such issues and help keep a business running smoothly.
Equipment leasing provides a suitable solution to businesses with low amounts of available funds that are in need of operating materials for their company. Leasing equipment provides businesses with the opportunity to stay technologically current and also preserve the cash they do have on hand. Leasing equipment also provides tax savings and other benefits that would not be utilized through the direct purchase of such equipment.
We started with an idea in mind, to build a better funding process and company that would better serve mid-market and emerging growth companies and their principals.
Since opening our doors, we have worked hard to differentiate ourselves from the larger global players by providing the superior levels of service and local market expertise typically associated with smaller community banks. We have distinguished ourselves from the community banks by offering access to the banking expertise and capital typically found at the larger banks.
We have built a better banking experience for mid-market and emerging growth companies, and we are proud of the relationships we have built along the way. Evolution Capital Group isn’t just a working capital provider, it is a place where people go to find smart solutions – and where they stay because they find trusted advisors.
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