Easy Business Loans Miami

Funding can be a nightmare for small businesses like yours, but it doesn’t have to be. Every business requires financing solutions that work for them, and sometimes their opportunities are limited by certain conditions. We provide those opportunities for short-term cash solutions and business loans that fit your company’s needs. We’ve been the premier capital loan solution for countless Miami businesses looking to keep their operations afloat or put a stop to cash flow issues.

If you’ve ever tried to get a loan or cash flow solution from a traditional bank, you know just how difficult it can be or long it can take. You’ll be up against stacks of paperwork, long approval times, and possibly being denied due to poor credit scores. If you’ve faced these hurdles or are worried that you may not be approved, after all, there are still options available. Here’s a list of financing opportunities you can take advantage of through AdvancePoint Capital.

Business Term Loan

Miami businesses that need a financing option, but can’t go to a traditional bank for their loan should think about a business term loan. Here, you obtain a set amount of capital upfront at a fixed cost. This is coupled with a fixed term and payment limit for a straightforward solution.

  • • $10,000 to $1,000,000
  • • All credit types are considered
  • •  Fast processing time
  • •  1-5 year repayment plan

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Business Line of Credit

Business lines of credit work similarly to a business credit card. Business owners like you can draw money from their credit line when they need it most all the way up to a specific limit. You then pay back interest only on your outstanding balance.

  • • $10,000 to $1,000,000
  • • Credit scores above 500
  • • Speedy processing time
  • • Revolving repayment

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Short Term Business Loan

Miami businesses that haven’t been in business long or may have poor credit can certainly benefit from a short term business loan. It has a short processing time and a term length of around 6-18 months.

  • • $10,000 to $1,000,000
  • • Substandard, Mid-Prime, to Subprime credit scores, are considered
  • • Processing Time: as little as 1 day
  • • Length of time of Repayment: 6 to 18 months

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Does your Miami business have a tough time finding the right funding solution through traditional banks? We provide solutions for companies just like yours. Get a quote today through our easy application.

Merchant Cash Advance

A merchant cash advance is a perfect solution for small businesses that receive a good portion of their revenue from credit and debit card sales. This option allows a company the ability to repay their advance with future sales. It’s an extremely flexible and fast way to get cash flow.

  • • $10,000 to $1,000,000
  • • Poor credit considered
  • • Processed in as little as 24 hours
  • • Flexible repayment options

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Equipment Financing

Miami businesses can use their equipment purchases as collateral for instant cash flow. Industries that rely on heavy or expensive equipment such as the healthcare industry can take advantage of this unique funding opportunity.

  • • $10,000 to $1,000,000
  • • All credit types considered
  • • Processed in as little as 2 days
  • • 1-5 year repayment

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SBA Loans

The Small Business Administration (SBA) provides programs, guidelines, and loan guarantees to lenders for businesses throughout Miami. While not a lender themselves, they provide peace of mind for businesses that may fear any risks from cash advance options.

  • • $10,000 to $1,000,000
  • • Strong personal credit considered
  • • Processed in as little as two days
  • • Revolving repayment

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How to Grow Your Business in South Florida
View the South Florida Small Business Resource Guide for information and assistance in growing your local business, exploring funding options, and contracting.

U.S. (SBA) U.S. Small Business Administration South Florida District Office

Invoice Financing

For businesses that need cash quick and can’t wait on outstanding invoices, this financing option is perfect. Invoice financing allows you the ability to leverage outstanding invoices to your business to obtain a cash advance.

  • • $10,000 to $1,000,000
  • • All credit types considered
  • • Processed in as little as two days
  • • Revolving repayment

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Why Does Your Miami Business Need a Loan?

Every business needs some financing help at one point or another. Before you make any decisions about which funding option is best for you, it’s important to take a step back and think about why your business needs cash. Making the wrong financing decision can be costly. Let’s take a look at some common reasons that businesses need a loan.

Working Capital Perhaps the most common reason for a business loan is working capital. Keeping a business afloat with rent, payroll, and other everyday expenses means your business will need some extra capital.
Marketing Marketing campaigns or budgets are another springboard for business loans. Without the right exposure or promotional activity, it’s tough to make money in Miami. Business loans allow you the cash flow to gain some momentum around a product or service
Equipment Expensive equipment, software, or other business tools can be another reason for a business loan. Compliance standards and dynamic trends force companies to update their hardware constantly.
Infrastructure Expanding or scaling up is always a great achievement for any business owner. However, it also costs money. New infrastructures or growth means a need for an influx of capital as variable costs stretch companies thin.

So, you’ve figured out why your business needs a loan. Now it’s time to ask yourself a few other important questions.

  • • How much do you need?
  • • Understand your business cash flow
  • • What is your budget?

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How To Qualify For a Business Loan

There are essentially three main factors that affect business loan qualifications. Depending on what type of loan or advance you are considering, some of these factors may play a larger role than others in qualifying you for a loan than others.
• Credit score
• How you have been in business
• Financial statements such as business bank statements, profit and loss statements, or business and personal tax returns

Additional Resources, Information, Programs, Additional Services, and Grants for Small Businesses in Miami

United Way of Miami-Dade – Guide to Services for Small Businesses

Small Business Assistance Program- Part of the broader Miami Pandemic Relief Fund was created by generous donors to help small businesses that may not be eligible for other assistance but are struggling financially. Small business owners will need to meet the eligibility requirements and provide certain documentation to complete the application. Only first-time applicants will be considered.

Florida Small Business Emergency Bridge Loan Program – which can assist small businesses impacted by COVID-19. The bridge loan program, managed by the Florida Department of Economic Opportunity (DEO), will provide short-term, interest-free loans to small businesses experiencing an economic injury from COVID-19

Miami-Dade County launches Small Business Assistance Forgivable Loan Program – County program to help those not receiving other previous assistance. The $5 million Small Business Assistance Forgivable Loan Program (SBAFLP) utilizes the United States Department of Housing and Urban Development (HUD) Community Development Block Grant (CDBG) funds allocated through the Federal Coronavirus Aid Relief and Economic Security Act (CARES Act).

Miami Downtown Development Authority (Miami DDA) – The Miami Downtown Development Authority (DDA) is the economic agency for the City of Miami’s urban core and maintains several concentrations including Advocacy, Quality of Life, Urban Planning/Resiliency, Marketing, and Business Development. Together we work to fulfill our mission statement “to grow, strengthen and promote the economic health and vitality of Downtown Miami.

Miami DDA Incentive Fund The Miami DDA Program will only be available to New-to-Market Businesses or Expanding Businesses that will either relocate, or hire, a minimum of ten (10) new employees to the Miami DDA District within a three (3) year period. Additionally, the applicant must meet several other program requirements as stipulated in the guidelines.

Which Loan Is Right for Your Miami Business?

The answer to this question isn’t black and white. There’s not a universal lending solution for a Miami business like yours. It’s about taking the time to understand how each loan or lending option works best for your unique needs.You’ll want to pay close attention to any costs or repayment stipulations associated with your business loan. Don’t try to swim against the tide; make sure that it works with you and not against you. The most important factor is whether or not you can repay that specific business loan. If you’re uncertain, it may be worth looking at a different lending option. There are a lot of business loans to look through.

At AdvancePoint Capital, we’ve made it our mission to become a trusted source of funding for businesses throughout the Miami area. While many companies find it difficult or impossible to find a financing option that suits them, we provide alternative funding opportunities for businesses like yours.

The fast, convenient and straightforward way to get the money you need for your business – now! Get your Quote Today by filling out our simple form.

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* All loans made by either WebBank, an FDIC-insured Utah industrial bank, or Bank of the Internet Federal Bank, an FDIC-insured federally chartered thrift located in California. In connection with the loans, the Banks' underwriting conditions and terms apply.