BitX Funding is a lending partner that offers true short-term unsecured business loans with automatic fixed daily or weekly payments. If you’re looking to finance a project that has an immediate return on investment. Such as updating your location, inventory deals with a quick turnaround, marketing campaigns, seasonal hiring or high demand inventory short-term loans are for you. They range from $5,000 to $2,000,000 with terms of 3 to 24 months and the cost of capital varies by term.
Merchant Cash Advances are a viable short-term financing option if you don’t qualify for a business loan. A Merchant Cash Advance is a financing option for small businesses in which a provider pays a one-time lump sum to a merchant in exchange for a percentage of future credit card sales. Based on credit and debit card sales, our automatic daily payback allows you to pay more on busy days and less when it’s slow.
Business lines of credit allow you to draw funds whenever you need and only pay interest on funds that are put to work. Funds will be deposited directly into your bank account. Repay via automated weekly debts over six months. Your available balance replenishes as payments clear. Lines of credit can go as high as $100,000 with interest rates averaging around 13%.
BitX Funding offers true Mid-term business loans with automatic monthly payments. If you are looking to fund larger projects that pay back over a longer term with rates as low as 5.49% this option may be right for you? Terms are 12 to 60 months with traditional monthly payments and unsecured loans starting at $25,000 to $500,000.
BitX Funding start-up financing program connects entrepreneurs and business owners with $25,000 – $150,000+ in unsecured business lines of credit. This program can provide you with funding in as little as 10 days and is typically offered with 0% interest financing for the first 6-18 months.
There are various SBA programs available to small business owners, but navigating through them all is cumbersome and time-consuming. BitX Funding has relationships with several lenders offering SBA programs and will guide you through the process saving you time, money and energy. To qualify no start-ups, 3 years in business, 1.25 debt service ratio, 680 FICO +, for-profit companies and are looking for 700K to 5 Million in funding.