Verge Funding Solutions

Verge Funding Solutions

Verge Funding SolutionsVerge Funding SolutionsVerge Funding Solutions

Tailored working capital solutions for your Business funded directly by Banks and Private Capital Sources. 

Verge Funding Solutions

Verge Funding SolutionsVerge Funding SolutionsVerge Funding Solutions

Tailored working capital solutions for your Business funded directly by Banks and Private Capital Sources. 

I'm looking forward to our call

I've owned Verge Funding for over six years and have spoken with thousands of business owners like you who are looking for reasonable working capital solutions. 


I aim to establish a long-term relationship with you and have zero tolerance for time wasters, dishonest actors, or BS.


I will work with you and my partners to secure the best rate and term working capital available for your business.


I only work directly with Banks or private lenders. For example, if you are applying for an SBA loan, you will work directly with an SBA-approved Bank and a bank lending officer.


ZERO upfront fees and Zero obligation. 


Karen  

Book My Call

Working Capital Products for Your Business

SBA 7a LOAN  


  • SBA-guaranteed loans have adjustable rates based on the prime rate and terms of 10, 15, and 25 years depending on the use of funds.
  • Loan amounts range from $500K to $5M.
  • Funding times are expected to be around 60-90 days.
  • Approvals are generally given in less than 5 days with a full file.
  • 7(a) loans can be used for Acquiring businesses, refinancing debt, improving real estate/buildings, purchasing real estate, purchasing equipment as well as working capital.
  • You will work directly with an SBA approved banks.

SBA EXPRESS LOAN


  • SBA Express loans approval times are much shorter than for most SBA loans and can close in less than 40 days.
  • Loan amounts are available up to $500,000, with terms of 10-15 & 25 years.
  • Loans can be used for acquiring businesses, refinancing debt, improving real estate/buildings, purchasing real estate, purchasing equipment as well as working capital.
  • All SBA loan rates are based on the prime rate.
  • You will work directly with an SBA approved banks.

SLOC: SYNDICATED LINE of BUSINESS CREDIT 


  • SLOCs are 0% APR business bank lines of credit. 
  • SLOC Terms will range from 12-24 months.
  • A credit score of 680 or more is required for these products.
  • SLOCs are GREAT for STARTUPS as well as established businesses.

BUSINESS LINE OF CREDIT


  • A business line of credit can help you bridge the gap between payables and receivables or capitalize on new growth objectives for your business with no collateral required.
  • These products are very flexible with lower rates and monthly payment schedules.
  • With a line of credit you borrow and pay back the amount of your loan as needed.

ACCOUNTS RECEIVABLE FACTORING


  • $25,000 to $5,000,000 monthly revenue, including participations with a proven network of financial partners.
  • Customers maintain their bank relationships
  • Off-balance sheet transaction.
  • Progressive relationship, as your business grows credit limits can be increased based on projected volume.
  • No requirement to fund every week
  • Our service is deposit-friendly and compatible with your bank’s existing services and offerings.

BUSINESS TERM LOAN


  • These loans are recommended for quick turnaround needs.
  • LOW documentation.
  • Rates starting at 14%.
  • Terms range from 6 - 24 months.
  • Loan amounts from $10K to $2M. 
  • Loans can be funded in less than 24 hours.



REAL ESTATE FINANCING 


  • Work directly with our team to source private capital for any and all real estate ventures.
  • Credit score is not a concern, just the value of the asset.
  • Real estate loans are available up to $300M.
  • Terms and Rates are determined on a case by case basis.

WORKING CAPITAL: CANNABIS


  • Funding from $10K to $3M
  • 9 to 60 month terms 
  • Medical, Recreation, Grow facilities, Inventory loans  Additional location money all funded.
  • Rates vary at 10% to 22% 
  • Startups considered.
  • Time in Business not an issue 


CLIENT SUCCESSES

SBA: Medical Practice Acquisition


  • SBA 7a: $1.5M, 10-15 year term, 90 days to close


  • Medical practice acquisition with the help of a $1,500,000 SBA 7(a) loan. 


  • SBA 7a approved Bank facilitated the purchase of the practice, investment in new medical equipment, and the hiring of staff. 

SBA: Salon and Spa Expansion


  • SBA Express: $350K, 10-year term, 40 days to close.


  • Salon and Spa client revitalized their facilities, upgraded workout equipment, and launched new fitness programs via a $350,000 SBA Express. 



SLOC: Medical Technology Startup


  • SLOC: $125K, blended 12-24 month terms, 12 days to close.


  • Our tech startup client leveraged a $125,000 0% APR SLOC, which was used for working capital for marketing and equipment. 

SBA: Salon and Spa Expansion


  • SBA Express: $425K, 10-year term, 35 days to close


  • A full-service salon and spa client underwent a significant expansion with the use of a $425,000 SBA Express loan. 
  • The SBA Express loan financed the addition of new service offerings, the creation of a white-label product,  renovation of the salon space, and the launch of extensive marketing initiatives. 


AR Factoring: TN based Commercial Printer


  • Credit facility limit: $3,000,000


  • This Tennessee-based contract printing company experienced accelerated growth and although the company currently maintained a bank line of credit, guaranteed by the SBA; the capital structure was insufficient to support growth demands.
  • Now able to increase revenues with stable gross margins and relatively flat fixed expenses the client generated the additional profitability needed for business growth.

SBA: Family-Owned Restaurant Renovation


  • SBA Express: $275K, 10-year term, 40 days to close


  • FL family-owned restaurant revitalized its dining space with the help of a $275,000 SBA Express loan. 
  • The funds were used to renovate the restaurant's interior, upgrade kitchen equipment, and launch a marketing campaign. 



SBA: Construction Company Expansion


  • SBA 7a: $2.2M, 10 & 15-year term, 77 days to close.


  • OH based construction company, utilized a $2,200,000 SBA 7(a) loan to purchase new construction equipment, hire skilled laborers, and take on larger projects. 
  • The loan catapulted their business growth, leading to more contract opportunities, higher project completion rates, and enhanced credibility in their industry.




SLOC: Energy Sector Innovator for Solar


  • SLOC: $250K, blended 12-24 month terms, 10 days to close.


  • AZ Solar Panel Installation client used a $250,000 SLOC to purchase inventory, launch a new marketing strategy, and pay for travel between markets.



SLOC: Barbershop and Full Service Salon


  • SLOC: $95K, blended 12-24 month terms, 11 days to close.


  • GA Barbershop and Full-Service Salon, used a $95,000 SLOC to purchase inventory, new chairs, marketing, and debt consolidation.




SBA: Manufacturing Company


  • SBA Express: $450K, 10-year term, 41 days to close


  • OH based manufacturing company used a $450,000 SBA Express loan to purchase equipment, marketing, and have some extra working capital as a cushion. 



AR Factoring: FL Cosmetics Company


  • Credit facility limit: $400,000


  • Maintained long-standing relationship with their bank
  • Secured an adequate credit facility collateralized by their accounts receivable than otherwise possible leveraging their current balance sheet
  • Increased liquidity to support new purchase order demand without raising dilutive equity capital.
  • Expanded at an integral part of the company’s life cycle without restrictive covenants.
  • Decreased overall Days Sales Outstanding
  • Reduced senior management’s time and energy on cash flow management and

AR Factoring: Illinois-based Security Staffing Firm


  • Credit facility limit: $4,000,000


  • the company could not qualify for a bank loan and was constrained by the terms of their current partnership with little options for alternative providers. 
  • In addition to not being able to meet payroll, the company was also looking into a new contract with the city with the long term plan of growing their client list and doubling their volume.
  • This company was successfully transitioned away from its current accounts receivable financing provider and in order to better address immediate funding needs and position it for growth.

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Book My Call

Karen Garbutt, Owner

610-331-4546 

Karen@vergefundinggroup.com


241 King Manor Dr. Suite B, King of Prussia, PA 19406

4700 Raffia Palm Circle, Naples FL 34119


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