Velocity Capital Group offers a game-changing source of small business funding that all too few entrepreneurs take advantage of: merchant cash advances. Whether you need an influx of cash to launch your business, meet payroll, or invest in necessary equipment to scale your operations, merchant cash advances help businesses get over common bumps on the road to success. What’s more, this funding solution is fast and easy to acquire, which means you get the cash you need when you need it — not a single day too late.
“We believe that in the modern world, businesses should be able to access capital if and when they need it to support and grow their business,” says Jay Avigdor, founder and CEO of Velocity Capital Group. “Our aim is to assist small businesses in receiving working capital that best suits their needs.”
Velocity Capital Group is a leading innovator in the alternative financing industry. Their merchant cash advances meet a critical need in the business world: providing the green that keeps companies in the black.
The startup challenge: Raise funding
Startups of all kinds face the same fundamental challenge: acquiring funding. Since most entrepreneurs aren’t already wealthy, they can only get their ventures — and their dreams — off the ground by securing outside funding. Failure to do this can mean failure of the entire enterprise. Indeed, 16 percent of startups end up closing due to financial problems or inadequate cash flow. Approximately 25 percent of startups receive inadequate funding, which limits their ability to grow from the beginning.
Meanwhile, more than a thousand proposals flood the inboxes at any given venture capital firm on average every year. That’s why only 0.05 percent of new businesses successfully obtain funding through this means.
Faced with statistics like these, what’s an entrepreneur supposed to do? Luckily, Velocity Capital Group’s merchant cash advances provide the solution.
“We understand startups’ needs, because we were once a startup ourselves,” Avigdor says. “I started Velocity Capital Group out of a small room in my house with $50,000 of my own personal savings, so I know exactly how hard and stressful launching a new business can be.”
What are Velocity Capital Group’s merchant cash advances?
Velocity Capital Group’s merchant cash advances aren’t traditional business loans. Indeed, they aren’t loans at all. Instead, they constitute a powerful and effective alternative way to finance your company.
While conventional business loans require business leaders to submit to a lengthy and onerous vetting process, as well as stake assets as collateral, Velocity Capital Group’s merchant cash advances enable entrepreneurs to leverage their future. With a merchant cash advance, the business grants Velocity Capital Group a portion of upcoming sales. In effect, Velocity Capital Group would buy a percentage of your future profits.
In return, Velocity Capital Group provides your business with immediate access to new capital. Indeed, Velocity Capital Group works so fast on your behalf, their website promises same-day funding. Twenty-four hours is considerably faster than it takes to secure most conventional bank loans.
The business can then use this infusion of money for whatever priorities are most important or urgent. “Every company feels the pinch at one time or another,” Avigdor says. “Velocity Capital Group’s merchant cash advances make that pinch go away.”
Merchant cash advances are the perfect solution for businesses that anticipate future receivables and are experiencing a short-term restriction on liquidity. Imagine how tragic it would be for your entire venture to go under just due to a temporary financial hiccup!
With Velocity Capital Group’s merchant cash advances, there’s now no reason why such a tragedy should ever happen to you.
Qualifying for a Velocity Capital Group merchant cash advance
Only a few requirements are necessary to qualify for a Velocity Capital Group merchant cash advance: at least $20,000 in monthly revenue, the last three months of bank statements, and a FICO Score of 500 or more.
This means Velocity Capital Group merchant cash advances are available to businesses that can’t hope to obtain a federal Small Business Administration (SBA) loan or conventional bank loan. They’re also available to newer companies with a short track record or uneven cash flows.
Does your business have a low credit score? That also doesn’t prevent you from securing a Velocity Capital Group merchant cash advance.
“No matter your situation, it’s likely our team can help you acquire capital for your business,” Avigdor says. “Certainly there’s no harm in trying. At Velocity Capital Group, our proprietary credit and underwriting process will never adversely affect your credit score.”
Velocity Capital Group keeps you in business
Velocity Capital Group works hard to serve businesses in ways other funders won’t. Their exemplary customer service is just the beginning. Velocity Capital Group also offers bonuses and incentives that other lenders can’t match. That’s why Velocity Capital Group’s merchant cash advances should be the first choice for any small business looking for quick capital funding.
“It’s our job to help you stay in business,” Avigdor says, “we appreciate every businessperson who gives us the chance to help their business thrive.”