Revenue-Based Funding
Our Revenue-Based Funding allows business owners to borrow against future earnings. Providing business owners with working capital in as little as 24 hours. As the business generates revenue, a fixed percentage of sales will be pulled on a daily or weekly basis until the balance is satisfied.
Advantages
Flexible payback terms
Provides access to quick working capital
Approval based on revenue, not personal credit score or collateral
Fixed rates—so you’re never surprised
Collateral-Based Funding
Collateral-based funding is similar to revenue-based funding. The difference being that when business owners leverage collateral, their interest rates decrease as their funding amount increases.
Advantages
Higher approval amounts
Lower rates offered
Lower default rates
Credit Card Processing
With our Credit Card Processing product, business owners borrow against future credit card sales. We match and beat competitor rates so that merchants receive the best deal. As the business generates revenue, a fixed percentage of credit card sales will be pulled on a daily or weekly basis until the balance is satisfied.
Advantages
Updated terminals and POS
Competitive rates
Fixed percentages of sale
Approval based on sales, not personal credit or collateral
Business Line of Credit
A business line of credit gives business owners access to a pool of funds to draw from when capital is needed. Unlike other types of funding, a business line of credit is drawn as needed instead of receiving a lump sum. This gives business owners the flexibility to borrow at their leisure while only having to repay the withdrawn amount.
Advantages
Great to have in case of unexpected expenses arise
Borrow only as needed
Payback only what was withdrawn
Flexible terms
Equipment Financing
Whether updating old equipment or purchasing additional equipment, business owners turn to BIFundingGroup to provide funding within as little as 24 hours. Having up-to-date equipment promotes efficiency and safety. Adding more equipment can also promote efficiency and generate more profits for your business.
Advantages
Flexible approval terms
Quick application process
Helps generate efficiency
Funding in 24 hours
Hard Money Loans
With our hard money loan product, you pay 20% of the loan amount and receive 80% of the loan within 24 hours.
Advantages
Small upfront cost
Fast funding
No equity required
Lesser fees
Invoice Factoring
Few things are more infuriating than having over-due invoices and not being able to make your payroll or payments on time because you are waiting on receivables. While you wait, BIFundingGroup can provide you with the income and working capital you need right away so that you never have to worry about who you will pay next.
Invoice factoring involves receiving funds that are already owed to you but getting them at a faster rate so that you don’t have to wait to pay for things that need immediate attention.
Advantages
Receive funding immediately without waiting to get paid
Money is already yours
Consolidation
Many merchants struggle with handling various positions with high rates. Our consolidation process is simple. We lower your rates and purchase you debts, so you can make one payment instead of various.
Advantages
Lower monthly payments
One payment instead of various
Pay less in interest fees
Flexibility with approval