SECURED & UNSECURED TERM LOANS
These loans provide a one-time lump sum for your business, which can be used for long-term needs such as expansion, equipment purchases, or debt consolidation. Secured loans are backed by assets like property, which often results in lower interest rates. Unsecured loans, while not requiring collateral, may come with higher rates due to the increased risk for lenders. Both options give you fixed monthly payments, making it easier to plan your finances over the loan term. We offer SBA backed financing and private term loans.
BUSINESS LINE OF CREDIT
A revolving line of credit that works like a credit card for your business, offering access to funds as needed, without having to reapply for a new loan each time. You can borrow only what you need, when you need it, and you only pay interest on the amount borrowed. This is ideal for covering short-term operational needs like managing inventory, payroll, or unexpected costs. The flexibility of a line of credit helps you maintain cash flow without overextending yourself.
FACTORING
Factoring allows businesses to sell their outstanding invoices to a third party, known as a factor, in exchange for immediate cash. The factor advances up to 90% percentage of the invoice value and takes responsibility for collecting the payment. Once the invoice is paid, the factor sends the remaining balance minus a fee. This can be an excellent option for businesses with long payment terms who need quick cash to cover day-to-day operations without taking on additional debt.
A/R LINE OF CREDIT
An A/R (Accounts Receivable) Line of Credit is a practical solution for improving cash flow, allowing your business to avoid waiting 30-90 days for customer payments. Compared to invoice factoring, it costs about half as much and offers a more favorable structure without requiring invoice notifications. Factoring typically applies a fixed rate for up to 30 days after the invoice date, but the rate increases every 10-15 days if the payment is delayed. In contrast, an A/R line of credit offers a single low-interest rate for up to 90 days past the invoice date. If you're using invoice factoring, switching to an A/R Line of Credit can be a much more cost-effective option, potentially saving you tens of thousands of dollars, as factoring often includes hidden fees for canceling the agreement.
ASSET-BASED LENDING
Asset-based lending (ABL) is a loan secured by business assets such as inventory, equipment, or real estate. This financing option is great for businesses that may not have strong cash flow but have significant assets that can be leveraged for working capital or expansion. The amount of the loan is based on the value of the collateral, and the loan is typically used for general business needs or to cover operational gaps.
REVENUE-BASED FINANCING
Revenue-based financing offers flexible repayment options tied to your business’s revenue. Common types include:
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Merchant Cash Advances (MCA): One of the fastest financing options, providing capital within 24 hours, repaid through a percentage of daily or weekly sales.
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Revenue Share Agreements: Repay a portion of monthly revenue for long-term flexibility.
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Credit Card Splits: Repay based on a percentage of credit card sales, adjusting with transaction volume.
MCA "REVERSE CONSOLIDATION"
Through Njord Capital Group, we offer MCA reverse consolidation with terms of up to 12 months, helping alleviate cash flow issues. Funding can occur as fast as 24 hours, providing weekly deposits to cover your existing MCA payments and allowing you to make a lower, more manageable repayment through scheduled withdrawals. This approach reduces the pressure of frequent payments, giving you greater flexibility in managing cash flow. We work with you to ensure this solution aligns with your long-term financial goals.
Why Njord Capital Group?
Our customized approach to financing gives you the flexibility and support to grow your business. With a variety of options, we help you optimize capital structure while maintaining operational efficiency.