At Financier, we understand that navigating the world of business financing can be complex. To help you better understand our services and how they can benefit your business, we've compiled a list of frequently asked questions. Whether you're new to business financing or looking to expand your financial options, our FAQ page has got you covered.
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Frequently Asked Questions
Quick Start Guide
General Questions
A: Financier is a business financing marketplace platform designed by entrepreneurs for entrepreneurs. We provide a range of financial solutions to help small and medium-sized businesses grow, manage cash flow, and seize new opportunities.
A: You can apply for financing through our online application form. Completed your business profile and our team will review your application to match you with the best funding options.
A: We work with a variety of businesses, including those in the technology, manufacturing, retail, healthcare, and service industries. Our solutions cater to established businesses with revenues ranging from $1 million to $100 million.
Solutions Offered
A: We offer a range of solutions including a marketplace with access to a wide range of business loans. Each loan type is designed to meet different business needs, from expansion and equipment purchases to working capital.
A: Terms and interest rates vary depending on the type of loan, the amount, and your business's creditworthiness. Generally, interest rates range with market fluctuations with various repayment term lengths.
Special Programs
A: Our special programs include Seasonal Business Financing, Emergency Funding, and Minority and Women-Owned Business Programs. These programs are tailored to meet the unique needs of different business types and situations.
A: Terms and interest rates vary depending on the type of loan, the amount, and your business's creditworthiness. Generally, interest rates range with market fluctuations with various repayment term lengths.
Accounts Receivable Financing
A: Accounts receivable financing, also known as invoice financing, allows businesses to convert unpaid invoices into immediate cash. This helps improve cash flow without incurring long-term debt.
A: Submit your unpaid invoices to the financing company, receive an advance of 70-90% of the invoice value, and get the remaining balance minus fees once your customer pays.
Equipment Financing
A: Equipment financing is a loan specifically for purchasing business-related equipment. This allows you to spread the cost over time, preserving your working capital for other needs.
A: Benefits include maintaining liquidity, predictable budgeting, potential tax deductions, and the ability to upgrade technology and machinery without significant upfront costs.
Purchase Order Financing
A: Manufacturers, wholesalers, distributors, and import/export businesses can all benefit from purchase order financing, especially when dealing with large orders that exceed current cash flow.
A: Manufacturers, wholesalers, distributors, and import/export businesses can all benefit from purchase order financing, especially when dealing with large orders that exceed current cash flow.
Revenue-Based Financing
A: RBF provides capital in exchange for a percentage of your business's future revenue. This flexible financing option aligns repayments with your business performance.
A: Qualifying typically requires consistent revenue history, a minimum monthly recurring revenue, and strong growth potential. This option is ideal for businesses with fluctuating or seasonal revenues.
Subordinated Debt
A: Advantages include access to substantial capital without diluting equity, tax-deductible interest payments, fewer covenants, and the ability to optimize your company's capital structure.
A: Advantages include access to substantial capital without diluting equity, tax-deductible interest payments, fewer covenants, and the ability to optimize your company's capital structure.
Why Choose Financier?
How We Work
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If there was something we didn't answer please contact us so we can assist you.
Securing business financing can be a complex process however, at Financier our Business Financing Experts will guide you from start (understanding your business needs) to finish (approval and funding deposits) answering all of your questions along the way.