If you’re a small business owner in North Carolina, you’re likely on the hunt for a funding solution that best fits your needs. It can be a daunting task, as every company has its own unique hoops to jump through — which in turn creates specific financing requirements. Here at AdvancePoint Capital, we offer a wide range of business loans and short-term cash flow options for businesses of all types and sizes. If you’re in need of capital to keep operations afloat, finance renovations to your business, or plug cash flow leakages — we can help. 

You’ve probably taken a look at traditional loan options from banks and other financial institutions, and if you’re here, you’ve come up empty-handed. Maybe you’ve been denied due to poor credit history, or perhaps you’re too afraid to be denied at all. Some business owners may even be waiting on the bank’s final decision and are running short on time. We offer alternative financing solutions for business owners just like you to get the cash flow you need — fast. 

Business Term Loan

Business owners throughout North Carolina seeking a funding option that looks similar to traditional bank loans can benefit from a business term loan. With a fixed amount of upfront capital at a fixed cost, you also get fixed terms and payments — making for a straightforward loan option. 

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

Business Line of Credit

A business line of credit works comparable to a credit card, in which you can draw money from it when your business needs it most. Perhaps the best feature of this loan is that you only pay interest on your outstanding balance, which makes it a great revolving loan option.

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

Short Term Business Loan

Businesses in North Carolina that have a poor credit history or a limited time in business can benefit from a short term business loan. These loan options have term lengths of around 6-18 months. 

  • $10,000 – $1,000,000
  • Substandard, Mid-Prime, to Subprime credit scores are considered
  • Processed in as little as one day 
  • 6-18 month repayment 

Are you a business owner in North Carolina who is having a difficult time finding the ideal loan solution? We offer alternative financing options for businesses throughout the state! Get a quote today.

Merchant Cash Advance

If you own a business that runs on credit card and debit card sales — a merchant cash advance can be a sound choice. Merchant cash advances aren’t technically a loan, but rather an advance that uses your monthly cash flow as collateral — and you repay your advance with future sales. It’s a flexible option that you can rely on.

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

Equipment Financing

Let’s face it; equipment is an essential, yet an expensive necessity for many businesses. You can use the future purchase of equipment as collateral for the cash you need today — which makes it a great option for healthcare industries, restaurant owners, and other business sectors that rely on expensive equipment.

  • $10,000 – $1,000,000
  • All types of credit considered 
  • Processed in as little as two days 
  • 1-5 year repayment 

SBA Loans

The Small Business Administration (SBA) provides guidelines, loan guarantees, and programs that offer lenders peace of mind and risk mitigation to borrowers. This loan is a great option for many North Carolina business owners that have good credit.

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

Invoice Financing

Unpaid invoices can be a pain and even be detrimental to the progress of your business. However, invoice financing allows a business owner to leverage outstanding invoices in order to get cash fast. 

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

Learn More

 

Why Does Your North Carolina Business Need a Loan?

The first step in choosing your ideal financing solution is to outline why exactly you need a loan in the first place. It’s here that you can choose some potential contenders and ditch options that don’t fit your needs or requirements. Let’s explore some popular reasons for financial help.

Working Capital is always a necessity for business owners. When sales rise and fall, operating a business still requires some additional capital on hand.
Marketing spend usually gets left by the wayside, but for business owners that have a plan — it’s a must. Promotional costs, digital advertising, and other marketing endeavors require some funding. 
Equipment isn’t cheap, and North Carolina business owners that rely on equipment for everyday processes and output know this. Finding a financing solution to keep equipment updated or up to compliance standards is always needed.
Growth comes with a price tag. Whether it’s moving to a new office or hiring on new employees, the cost of infrastructure while scaling requires some funding assistance.

So, have you nailed down why you need a business loan? Awesome, here are some other important questions and considerations to take into account. 

  1. How much do you need? 
  2. Understand your business cash flow 
  3. What is your budget? 

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

Which Loan Is Right for Your North Carolina Business?

We wish there were a universal solution that every North Carolina business could put their faith into, but that’s simply not how loans work. Every business demands certain outcomes and terms — and finding a lending option that best suits your particular circumstances means digging a little deeper. The good news is that there are several business loan options available.

Here at AdvancePoint Capital, we’ve established ourselves as a trusted funding partner for businesses throughout North Carolina. With a wide variety of loan options, terms, and repayment options available, we’re able to empower business owners throughout the state to move their company forward.

Start with this Online Form

Applying for a loan with AdvancePoint Capital is as simple as a 1, 2, 3, 4 process. Start with this online form, then fill out the short application page, wait a few hours for your approval, and then get your money!

AdvancePoint Capital offers an easy business loan experience. Our customers love the fast, streamlined process and high approval rates that come from working with us. All credit scores are considered.

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.

Get Quote Now!

* 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.