Access to quick financing can be one of the greatest challenges for small businesses to sustain and grow. The financing may be needed to raise working capital, expand business, source equipment, and fulfil specific job requirements. However, it may not be operationally feasible for small businesses to raise conventional financing. So, it can be a good idea to opt for quick funding via non-conventional funding sites. But finding suitable sites for quick business funding can be really challenging.
In this article, we have discussed financing features of Specialty Capital and what makes it different from other financing companies. Let’s have a detailed understanding of what makes speciality capital your best choice.
Professional support and guidance
The customer support team of speciality capital is professional, committed, patient, empathic with a positive attitude and market understanding. They take time to understand your business conditions and needs for finance.
They are highly qualified and competent professionals with a strong grip on business understanding and market dynamics. So, they understand your business needs for the cash, repayment aspects, and how you’ll be able to arrange repayment from business operations.
The best part of our support is that you will be able to understand how much cash you’ll need and which method of financing is best for you. For instance, there can be different sources of finance that include revenue-based financing, working capital financing, unsecured business financing, junior debt funding etc.
On the other hand, if we analyze customer support services from other financing companies in the country, their customer services seem to be standard and one size fit for all. So, if you are confused with any aspect of the financing, asking the following questions to yourself can be helpful.
- Should I opt for financing?
- How will I be able to repay?
- Which type of financing should I opt for?
- What will be the repayment strategy?
- Which types of operations should be financed – working capital or expansion?
If you are stuck in any of the questions above, contacting specialty capital can be an excellent move; it does not matter what business ground you have and what’s nature of your business; our support will ensure you get the best possible advice.
Different financing options
Specialty capital provides various financing options with different features and pre-requisites. These financing facilities include,
- Revenue-based financing – This financing is based on revenue. It’s a good idea to opt for this one if you are confident about business expansion and revenue generation with business operations. This mode of financing is not based on the credit score. Further, no personal guarantee or asset collateral is required. In addition to this, approval criteria with specialty capital are comparatively relaxed and easier when compared to other financing companies. So, financing with specialty capital can be an intelligent decision leading to quick, easy, convenient, and cheap funding.
- Working capital financing – We understand you have space to facilitate your business operations and we further understand you need some quick financing to fuel your business operations. So, it can be good to opt for working capital financing with specialty capital that offers competitive rates and repayment terms. Other financing companies in the market also offer such financing. However, their procedural formalities are complex and the rate of approval is very low with a comparatively higher rate.
- Unsecured business funding – Sometimes, it might be difficult for the businesses to raise finance without giving an asset as collateral. Especially in the case of service-based businesses that do not have an asset base to offer as collateral. Further, financing companies usually benchmark higher interest costs, good credit scores, and better financial health. On the contrary, specialty capital offers financing facilities at comparatively lower benchmarks, credit scores and rate.
- Junior debt financing – Sometimes, the business might already have massive debt and still looking for subordinated/additional financing. Very few companies offer such financing because of existing financing commitments, and specialty capital is one of these.
Other financing companies also offer such types of services. They are well known to support small businesses and industries.
However, their approval criteria are limited to companies and businesses with greater financial conditions and better credit scores.
Most of the companies require you to have been in the business for at least one year. Likewise, you must have earned a threshold amount each month/annum.
In addition to this, processing time at other companies takes weeks and months. So, it’s not suitable if you are looking for some quick financing.
Further, their lending capacity is limited for small businesses. Hence, it might be a great hurdle if you want to scale your business on a large scale.
Overall, it’s a good idea to opt for financing via Specialty capital that offers quick, flexible, scalable funding conveniently with professional guidance and attitude.
Coverage of diversified industries
We love to fund various industries and sectors. These sectors include but are not limited to medical offices, pharmacies, mental health providers, dentist offices, veterinarians, cleaning services, optometrists, and grocery stores etc.
Please note we are open to financing any of your businesses and help to take the business at next level.
Small business owners often face problems in raising finance for their business. They face problems and trouble raising finance to meet working capital and expansion. Further, they have to face major problems in terms of getting access to quick financing and scalability.
So, Specialty capital can be an excellent way to fuel your business with finance and ensure operations remain stable with increasing business demand.
Other financing companies in the market provide similar financing services as specialty capital. However, it comes with time-consuming evaluation strategies, limited approval, personal guarantee, collateral etc.
Further, our customer support is unmatchable where we ensure you get solutions to business needs. Likewise, we do not have a one size fit for all approach. Instead, we understand your business and ensure quick, scalable, and convenient financing; let’s get connected and take your business to the next and next heights. Contact us.