Having access to working capital can be the difference between businesses folding, and being able to thrive and grow. Unfortunately, many New York City business owners meet with rejection from banks and other traditional lending institutions when applying for extra working capital. Frequently, banks require businesses to have a healthy and established borrowing history and high revenue numbers. This can be challenging for New York City entrepreneurs who need working capital for growth or to launch their operations.
CounselPro Can Lend a Hand
CounselPro specializes in helping business owners in NYC get the working capital they need. We are not beholden to the limitations of traditional lending sources, and we can provide customer financing solutions based on your current financial situation, your needs, and your goals.
Our Working Capital Programs Include:
- Accounts Receivable Financing – We work with New York City business owners to help them monetize their unpaid customer invoices to get them immediate working capital, rather than waiting the full aging period for customers to remit payments.
- Merchant Cash Advances (MCAs) – We offer flexible terms to give your business an infusion of working capital without having to deal with the strict payment schedule of a traditional bank loan.
- Purchase Order Financing – CounselPro Lending will advance the capital needed to cover unusually large customer orders so that NYC business owners can reap the rewards of higher revenue to position themselves for growth, without placing a strain on their cash flow.
Unsecured Business Lines of Credit
For new and small business owners in New York City, it can be an impossible challenge to get access to unsecured business lines of credit from banks and similar lending institutions, especially they do not have a right amount of collateral. CounselPro has solutions designed specifically to help entrepreneurs with little or not collateral to get the unsecured business lines of credit they need, and to help them improve their credit ratings over time to access credit lines with even higher spending limits. For NYC-based business owners, having access to unsecured lines of credit is a powerful and renewable funding tool that can be used for small office purchases on up to leveraging the business credit rating for long-term financing. We believe in helping businesses across every industry, and being able to get them lines of credit when other lending sources are turning them down is the foundation of some of our strongest client relationships.
A More Personal Approach to Working Capital
At CounselPro Lending, we understand that thousands of New York City business owners request extra working capital, and are rejected by traditional lending sources because they do not fit their ideal “bottom line” candidate. We believe in getting to know our clients and understanding their needs for working capital, as well as both their short and long-term goals. By understanding your business, we can structure a working capital solution that is tailored to your needs, so that your business can thrive in the most competitive city in the world – NYC. If you have questions about any of our working capital programs, or if you simply want to see what options are available for your unique circumstances, call us and a member of our team will work with you to get you access to the working capital your business needs to take it to the next stage of success.