• The 5 Best Ways to Prepare for the Holiday Season

    It’s time to get ready for the holidays and finish the year strong! Plan a sale, start thinking about your marketing efforts, and order those decorations. Use our handy checklist and you’ll be prepared for whatever comes your way!


    1) STAFF

    It’s no surprise your staff are a key part of your business. Be sure to line up any additional help you will need for the busy holiday season. Hold a meeting where you discuss responsibilities, expectations, new hours and any additional changes. This is also a good time to review policies and procedures with your staff, so everyone is on the same page. If you’re looking to hold a holiday employee party, it’s never too early to start planning and line up a venue. Holiday bonuses are also a nice gesture to show appreciation for the hard work of dedicated employees and boost morale.

    2) EVENTS + DECORATIONS

    Starting in October you’ll want to prepare for upcoming events like Halloween trick or treaters. Stock up on candy and a fun Halloween costume and be sure to get the word out to your customers through your marketing efforts.

    Thanksgiving and Christmas will be here before you know it so start preparing for a food and toy drive or volunteer outing. You can even have customers come in for a meet and greet with Santa to take pictures and enjoy some holiday refreshments.

    3) COMPANY PREP

    There are key things you should focus on internally for your business to prep for the holidays. Stocking up on inventory and supplies is important so you can meet the needs of your customers and ensure you are prepared for whatever should arise. Gift cards and wrapping materials are also a must.

    You’re likely to have new or extended hours during the holidays to accommodate shoppers, so be sure to notify customers through your regular communication channels and perhaps consider adding a sign at your location.

    Sending a holiday card to your customers is a nice idea to show your appreciation for their patronage. And consider having more cash on hand to help you out with any of the expenses. Here at Greenbox Capital®, we’re ready whenever you’re in need.

    4) PROMOTIONS / SALES

    Everybody loves a good sale and with the holidays, it seems everyone is having one! Try to think outside the box and recognize holidays not everyone participates in, and / or come up with special promotions to stand out from your competitors. Offering Veterans, a special discount on Veteran’s Day is a nice way to show gratitude or perhaps donate a portion of your sales to a worthy cause on Giving Tuesday. And don’t forget – everyone loves free shipping and delivery!

    5) MARKETING

    The power of marketing should never be underestimated. Make sure to utilize your marketing channels to get the word out about special holiday promotions, store hours and any updates you have.

    Your website should reflect anything you have going on at your location and be ready for the increased number of shoppers to your website. Make sure your website is equipped to handle the additional traffic and potential orders.

    Follow these tips to kick off the season right and finish the year strong. Let us know if we can assist your efforts to help make the holidays a great success!

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  • Small Business Loans for Women

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  • How to Get Working Capital When you Need It


    If you needed working capital in the past, it was fairly inaccessible for small business owners who didn’t have the proper credentials, documents, and credit scores. Small business loans were even more scarce after the economic downturn in 2008. Banks became notorious for taking months to get underwriting approval for small business loans and turning down about 90 percent of those applying. Most startups and young businesses had to use bootstrapping methods or personal credit cards as access to funding was next to nil.

    The positive upshot of that untenable situation is that new options are providing a streamlined process that can fund small business loans in less than 48 hours! Non-bank direct funding was once considered an alternative option for borrowing much needed cash and is now the first choice.

    Non-Bank Direct Funding is Mainstream

    Today direct funding is mainstream, because small and medium business owners have discovered the ease by which they can borrow much needed working capital in amounts as low as $5,000 and as high as $250,000. Small businesses often needs quick loans to capitalize on fleeting opportunities, smooth out any urgent hiccups in their business, and move forward on expansion plans. Accessing capital should not be complicated or time-consuming. Small business owners wear many hats and have zero extra time to waste, let alone the months wasted waiting for a loan approval from a bank.

    Non-bank funding transactions can be completed quickly because companies like Greenbox Capital are private companies and don’t have to comply with the restrictive measures that banks must follow. This fact alone has opened up the doors for much greater consistency and success in business. What was once a tedious, complex, and ungratifying process is now an advantage for all small business owners. Most non-bank direct lenders can now offer:

    • Simple applications
    • Fast approvals
    • Flexible terms
    • Funding within days

    Not all Non-Bank Direct Lenders are Alike

    As in any industry, not all companies are the same. Figuring out which non-bank direct lenders offer the features you want, is not difficult when you know what to look for. For example, each company has its own organizational structure, company size, interest rate, client preferences, borrower requirements, and terms.

    • Always look for a competitive rate, not always the lowest. Oftentimes, the lowest rate comes with hidden or additional fees. A reasonable rate that makes sense based on your business information is best.
    • Quick approval AND quick funding is important. It’s one thing to get approved within 24 to 48 hours and quite another to receive funding within that same period of time.
    • Leading edge technology will allow you to bypass talking with loan specialists. Save time and anxiety by using lenders who use technology as their primary means of client contact.
    • Flexible terms for all credit levels. You don’t have to be penalized for having less-than-perfect credit! A smart lender understands that repayments must be fair-minded and not put added pressure on the business owner.

    Greenbox Capital Checks Off All the Boxes

    Whether you’re looking to fund an upcoming expansion, a marketing campaign, ramp up staffing or increase your inventory, Greenbox Capital offers competitive rates, quick approvals and funding through our leading-edge technology and will provide flexible terms for all clients.
    As if that wasn’t enough, the technology is so sophisticated and application so simple it can be filled out and submitted through your Smartphone!

    Click here to get started or if you prefer to provide your business information over the phone, call 1.855.442.3423.

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  • Faster Business Loan Approvals with Cutting Edge Technology


    While the banking industry plays “catch up”, the non-bank direct lending industry continues to forge ahead and lead the pack on small business loans. Banks have fallen behind, with their cavernous offices that echo from the lack of in-person customers to their lack of streamlined services. One has to wonder when they are going to notice that they have lost an enormous amount of potential borrowers to alternative lenders.

    It’s true, bank websites are beginning to provide more automated services, but can you imagine the frustration in trying to get a small business loan online… from a bank? It is the surge of non-bank direct lending companies that have made small business loans not only possible, but fundamentally practical. Working capital is critical to running a successful operation.

    How do Non-Bank Direct Lenders do it?

    Alternative lenders can provide quick funding for small businesses because they are not federally regulated. There are specific requirements that they must meet, but after that the sky’s the limit. They control their lending practices and consumer technology based on their business goals.

    Instant accessibility to funding is the name of the game. In years past, small businesses had to provide an inordinate amount of information and were typically refused for a loan. Today, there are many alternative lending options that are capable of providing small business loans quickly without personal contact and that is an irresistible feature.

    Add to that the time saved and the advantages are even stronger. Quick funding without having to submit unnecessary documents or speak with loan officers is difficult to beat. Business owners don’t have time to waste – they are busy overseeing their operation, putting out fires, and focusing on increasing revenue. Mobile technology eliminates extra steps so it is clearly the answer for small business loans – hands down.

    How to Compare Alternative Lenders

    The industry is growing so quickly, it means small business owners have to be mindful when they select an alternative lender. It’s paramount to partner with a company that has an excellent track record and loan features that are geared toward their particular needs.

    Use this questionnaire to help compare non-bank direct lending companies:

    1. How long is the application and can it be done on a smartphone?

    2. What is the least amount of funding available? What is the largest amount of capital available?

    3. What is the quickest approval I can expect?

    4. What is the quickest funding I can expect?

    5. Is bad credit a problem?

    6. Are repayment terms flexible?

    7. Can I do the whole transaction through my Smartphone?

    8. What is the average monthly revenue that is required?

    9. How long must my company be in business before I can get a loan?

    10. Is hard collateral required?

    Get the Greenbox Advantage – Smartphone Technology

    There are so many advantages to working with Greenbox, we “almost” don’t know where to start… keyword – almost. We want to share our answers to the questions that will help determine which non-bank direct lender is best for your company.

    (Hint: We have strategically planned our features to make sure we come out on top! We want to work with you!)

    This is how we do it…

    1. How long is the application and can it be done on a smartphone?

    It is only ONE-PAGE and is easily completed on a Smartphone!

    2. What is the least amount of funding available? What is the largest amount of capital available?

    $5,000 is the smallest amount of funding available and at this time, $250,000 is the largest amount available.

    3. What is the quickest approval I can expect?

    We’re proud to say approval generally happens within a couple of hours.

    4. What is the quickest funding I can expect?

    We’re will provide funding within 24 to 48 hours, depending on the situation and amount.

    5. Is bad credit a problem?

    Not a problem. We understand how tough it is to maintain great credit at times and we can work with that.

    6. Are repayment terms flexible?

    Yes, we will work with your ability to repay and nothing drastic will happen if a payment is missed.

    7. Can I handle the whole transaction through my Smartphone?

    Yes, and our technology continues to improve. Our goal is to provide small- and medium-sized businesses with working capital when they need it and leading-edge technology is the gateway.

    8. What is the average monthly revenue that is required?

    Our funding options are for small-and medium-sized business averaging at least $7,500 in revenue in each of the past 3 months.

    9. How long must my company be in business before I can get a loan?

    Another advantage of working with Greenbox – we only require companies to be in business for a minimum of five months.

    10. Is hard collateral required?

    We’re not a hard-nosed bank, so don’t sweat your credit history or lack of collateral.

    We would love to hear from you! All types of businesses are welcome, particularly service, retail, and manufacturing companies… which covers just about every type. Call 1-855-442-3423 if you prefer to provide your information over the phone. If you’re like most business owners, you’re looking for speed so just click this link to get started!

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  • How to get Approved for a Small Business Loan

    City Overview

    Many business owners are turning to alternative lending options when they realize traditional banks have stringent and exhausting loan qualifications. Getting a small business loan should not require a stream of documents that have little to do with one’s ability to repay.

    A great credit score is always helpful; however young businesses often experience peaks and valleys while they zero in on how to stabilize their revenue stream. A small business loan is often used to gain ground by expanding, thereby reducing or eliminating income fluctuations.

    In truth, traditional financial institutions are more interested in larger, long-term commitments that result in a greater rate of return. Since underwriting costs for evaluating and processing larger loans are about the same as for smaller business loans, a traditional lender prefers to work with big businesses. It is in their best interest to deny a large percentage of SMB loan applications.

    According to a recent survey, this is partially why over 80 percent of small businesses in the U.S. were denied financing by their banks. There are several other reasons small business owners are given for being denied. They pretty much run the gamut, ranging from having no business plan to poor personal credit. The bottom line is banks prefer not to invest their time or money in ventures that are viewed as high risk and low return.

    Get Approved for A Small Business Loan

    Advantages of Traditional Lenders?

    There are no real advantages for going through the laborious process of getting a small business loan from a bank. Each financial institution has its own criteria, so shopping around is important – yet who has the time?  Generally-speaking, you must have good business and personal credit a detailed business plan, tax statements, income statement, balance sheet, accounts receivable, a positive cash flow, minimal (or no) debt, a personal financial summary, and possibly collateral.

    Small businesses are better off considering more suitable options.

    Advantages of Non-Bank “Direct Funding”

    When you need a business loan for less than $250,000, direct funding is the most expedient and efficient route to take. It may surprise you to learn that interest rates are competitive and sometimes lower than that which a bank offers. Plus you will receive personalized service without having to jump through hoops to finalize your loan. In other words, you can get what you need when you need it even if you have only been in business for a year.

    A big advantage non-bank lenders have is that they don’t have the burden of providing a full array of financial services, so they excel at funding loans. The sole purpose of a non-bank lender is to approve loan requests based on a fraction of the information traditional lenders require.

    When you review the funding options side-by-side, it’s easy to understand the shift in popularity of working with a direct non-bank lender.

    Greenbox Capital vs. Traditional Banks & SBA

     
     
    Greenbox
    Capital
    Traditional
    Banks
    SBA
    Loans
    Competitive Rates✔️✔️✔️
    No Hard Collateral✔️XX
    High Approval Rate✔️XX
    Quick Funding (24 hrs)✔️XX
    Paperless Application✔️XX

    Greenbox Capital Clients are the #1 Priority

    We understand how stressful it is to wait for a response to a loan request, so our technology is set up to process most loans in less than 48-hours. In fact, many approvals are made in 3-5 business hours.

    We know you will love our “smart phone capable” system! Our process is so streamlined, you may never even need to speak with a loan representative. We are committed to satisfied and happy customers, which will be evident the minute you get started.

    Our goal at Greenbox Capital is to provide comprehensive pro-grade loan servicing from start-to-finish. We hope you’ll select us for all of your business funding needs. Start today by filling out this form to see the amount for which you qualify!

    Greenbox Capital is a non-bank direct lender that specializes in providing funding to all types of businesses: Manufacturing, Construction, Pharmacies, Physicians, Retail, Gas Stations, Dry Cleaners, Day Care centers, Law Offices, Dental offices, Restaurants, and more.

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  • How the Small Business Loan Process Works

    Book And Glasses

    Understanding the Small Business Loan Process Small Business Loan Process – Simplified

    It really isn’t rocket science, although it sure feels like it when going through the traditional small business loan process. Banks tend to mystify their processes so customers can never figure out how much they are really paying for a loan – unless asked. Between application fees, set-up fees, loan doc fees, and interest, it adds up.

    Over the past few years transparency has become more important to consumers and for good reason. Business people need to understand the financial details of bank loans with ease. The good news is that small business owners now have greater options than they’ve had in the past. It’s no longer necessary to work through a bank to get a business loan.

    The traditional loan process is time-consuming and the steps required to apply are extremely tedious. It’s no surprise that so many business owners give up halfway into the process as it feels like a never ending, non-gratifying situation. Plus it can be humiliating and uncomfortable to watch one’s personal and business finances scrutinized to the nth degree.

    There is no advantage in going through a lengthy process that generally results in a DECLINE. Online direct lenders have become the first choice in the small business loan industry for all the right reasons:

    • Smaller loan amounts are offered
    • Technology powers the process
    • Processing time is within hours not months
    • Competitive rates
    • No bureaucracy
    • No hard collateral

    In order to understand the differences between a traditional lender versus a non-bank direct lender, take a look at the following flowcharts:

    Traditional Lender – SMB Loan Process

    Loan Process Flow

    Non-Bank Direct Lender – SMB Loan Process

    Canada Small Business Financing Loan Process

    As you can see, traditional financial institutions are not viable options.Typically online small business loans range from $1,000 to $50,000 and don’t require hard collateral. However, when looking for a non-bank direct lender, it’s important to do your homework. Not all alternative funding options are equal. Look for speed, flexible terms, fee transparency, and cutting-edge technology. Add to that excellent customer service and you’ll have the best loan option, hands down.

    Finally, small business owners looking for funding are in the driver’s seat!
    Shake Hands

    Greenbox Capital Offers Streamlined Service

    When we say streamlined, we really mean it! Our terms are flexible and we provide several financing options to suit your specific needs. Amounts as small as $5,000 can be financed in as little as 24-hours and in many situations approvals are made in 3-5 business hours.

    Our goal is to empower business owners by providing access to working capital when they need it. If you would like to consult with one of our expert finance specialists or simply get started contact us here.Our technology is so sophisticated, our system can handle most requests without ever having to speak to one of our representatives. And that’s what it is all about… speed, efficiency, and funds without playing the waiting game for nothing.

    Greenbox Capital is a non-bank direct lender that specializes in providing funding to all types of businesses in all industries: Manufacturing, Services, and Retail companies such as  Construction, Pharmacies, Physicians, Retail,
    Gas Stations, Dry Cleaners, Day Care centers, Law Offices, Dental offices, Restaurants, and many more.

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  • How to Build Credit for Your Business

    Open A Business Bank Account to Increase Credit for Small Business Loans

    How to Build Credit for Your Business

    If you haven’t been in business for very long or have not yet established credit, it should top your to-do list.  Establishing business credit should be a priority for any small business owner for two reasons:

    1. 1.It separates your personal credit history from your business and allows both to run somewhat independently. If your company is structured as a sole proprietorship or general partnership the government will consider you and the company as one and the same. This means your personal assets could be attached to a company lawsuit, a lien, etc
    2. 2.When you accumulate a positive credit history it will ultimately provide benefits. For example, good credit makes it easier to obtain a commercial loan from a financial institution, should you need it in the future.

    Business People

    Tips on Building Credit for your Business

    1)      Corporation vs. Sole or Partnership. How you structure your business matters.If your business is already a corporation or LLC, excellent. When your business is structured as a sole proprietorship or general partnership, your personal and business financials are legally the same. Therefore the credit rating is the same. Additionally, there is risk as a sole proprietorship or partnership. If someone was to sue your company, your personal assets could be at stake.

    2)      Open a business bank account. Make sure you have filed and received your Employer Identification Number (EIN) from the state, a necessary tax-related number for corporations and LLCs. The account will be opened in the legal corporate name. It goes without saying that you will then pay for all business transactions from this account as well as deposit any revenue received.

    3)      Acquire at least one business credit card:  Your commercial bank will be happy to provide a debit card immediately. Within time, the bank will offer a business credit card. Once obtained, you should make a few purchases with the card and pay off the entire balance each month. This is not an invitation to go into debt. This is simply a technique to initiate movement from the credit reporting agencies: Experian, Equifax and TransUnion.

    4)      Establish a line of credit with vendors and suppliers. If you have been paying your vendors and suppliers C.O.D.,ask for credit applications and start paying off of a monthly invoice instead. When appropriate, ask them to report your payment history to the credit reporting agencies.

    5)      Pay bills on time and don’t go into debt. This is a no-brainer. On-time payments equal good credit and a high debt-to-asset ratio is death in the credit business. So again, don’t carry a balance on your credit cards – pay everything on time and you’ll quickly experience credit success for your business.

    Success Ahead

    Benefits of Having Good Business Credit

    Having good business credit can provide a number of benefits, including:

    • Positioning your company for more favorable payment terms with new vendors and suppliers.
    • Reducing the number of times you will need to prepay for products or services purchased.
    • Allowing you to obtain better interest rates and credit terms from lenders and banks.

    Once you have established good business credit, protect it, as it will act as a positive calling card for most of your future needs.

    How Greenbox Capital Fits In

    Whether you have impeccable credit or not, Greenbox Capital may be able to help build your credit. Take out a small loan and pay it off. We offer flexible terms and several financing options and solutions. Amounts as small as $5,000 can be financed in 24-hours and we also offer business credit lines.

    Our finance specialists are available for consultations, or go direct and fill out the qualification form which will get the process started. Our goal at Greenbox Capital is to provide comprehensive pro-grade loan servicing from start-to-finish. Supporting small-to-medium businesses is our goal.

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  • Benefits of Dealing with a “Direct” Canadian Lender

    Dealing Directly With Canadian Lender for Small Business Loans

    If you are a Canadian or have ever been around people from Canada, you probably already know. The Canadian culture breeds no nonsense people who are bright and don’t want to go through additional and unnecessary hoops to meet their financial goals.

    Small business owners don’t have time to search high and low for a financial intermediary to steer them in the most effective direction when it comes to funding. They want and need to rely on a direct connection with an alternative lender who understands their business. Whether it is a small, medium or large loan that’s desired, having to use indirect methods is enough to deter and intimidate even the bravest small business owner. The paperwork alone is tedious and overwhelming.

    Extra money is often needed when the business is ramping up from its initial year or for an urgent need to replace equipment or increase staffing. During periods of growth spurts or expansion an extra financial push helps immensely. Sometimes a small loan is all that is needed.

    Yet, who has the time to gather an abundance of documents, start the loan application process and wait for it to be approved.  Just looking at the list of required information makes most business owners’ heads spin.

    Plus gathering this information is only the beginning of a very long process. All business owners know the importance of “striking while the iron is hot”, so delays in funding often translates to lost opportunities. It’s enough to make any business owner pause before taking a step further, right?

    Drinking Coffee At Work

    Direct Funding is the Fastest Gateway

    Why would any business owner want additional stress by going through an indirect method of funding, where underwriting, collateral and more is required? Greenbox Capital has been funding small businesses for the last 6 years and is thrilled to offer small business owners our alternative, reliable methods.

    Greenbox Capital’s fast business cash advances and short-term small business loans make growing a business possible. Our application process takes only a minute! And unlike many other lenders, we don’t charge an application fee or an origination fee. Get funded in 24 hours!

    Our fees include only the cost to set you up on our platform, unlike most lenders. Access the working capital needed to control your business’s growth. Now you can purchase new equipment, hire new employees or expand into an additional location.

    The possibilities are endless with an unsecured merchant cash advance or small business term loan up to $250,000 from Greenbox Capital.

    Team

    What Does Any of This Have to Do with Canadian Lenders?

    Well, nothing really – we hoped it would get your attention. Yet, like we mentioned earlier, Canadians are straightforward, down-to-earth people who don’t want to deal with companies that require unnecessary information and time-consuming procedures. We are a Canadian-based company and proud of our no nonsense, direct methods of helping companies realize their visions.  Check out our application process and you’ll see what we mean.

    Apply today or contact us to find out more about our fee structure.

    Here is what Charity Hannah – All About Tires, has to say:

    “I have worked with Greenbox over the last couple years when I find the need for working capital and they always provide me with a plan that fits my needs and goals. I would recommend Greenbox to any small business seeking extra funding. I have worked with Greenbox over the last couple years when I find the need for working capital and they always provide me with a plan that fits my needs and goals. I would recommend Greenbox to any small business seeking extra funding.”

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  • Behind the Scenes: How Traditional Lenders Make SMB Loan Decisions

    Macbook And Notebook

    Looking for a small business loan can be intimidating if you aren’t familiar with the process. What information do they need? What numbers count in my favor? What are my chances?

    Gaining access to working capital means understanding what traditional lenders look for before approving a small business loan. It’s not as simple as it should be here. Here’s how you can tell if you are a good candidate for a traditional lender.

    Be Prepared with the Basics

    Of course basic information, such as:

    • Type of business
    • Business overview and history
    • Personal credit score
    • Annual revenue
    • Purpose of loan

    There are some types of businesses that some lenders won’t touch. Yes, there truly is a blacklist, but it is not standardized. It’s basically a general list of business types that have been known to default on their loans, such as businesses that are risky (i.e. projects done on speculation, like building large art installations in the hopes they will sell). Often budding entertainers get turned down for loans that are intended to be used to launch careers.

    Discussion for Small Business Loans

    Additional requirements

    Of course, if your business is humming along brilliantly and your net revenue is stable and shows your business is on the upside, getting a loan should be easy if the amount is in line with your numbers. You will need around three to six months of business bank statements, personal and business income tax returns, business organization documents, income statement (P&L), and a balance sheet.

    And that’s the easy part. You’ll also need to provide some or all of the following documents:

    • Tax statements
    • All relevant business licenses, permits, and approvals
    • Payroll records (previous 6 months)
    • Any company-owned real estate title deeds or leases
    • Accounts receivable system
    • Possible collateral, such as personal real estate deeds
    • Full disclosure of any liens or negative regulatory activity
    • Disclosure of any liens against business property
    • Patents, copyrights, and other intellectual property rights

    Wait, there’s more…

    After you’ve provided all of the necessary documents, you may be asked for additional information, such as other documents that can substantiate those previously provided. In the past, many retailers used cash registers and paper receipts. Systems were not automated and fully integrated the way most businesses operate today. So if each facet of your business works through a central system, it should be a bit simpler. But basically, the small business underwriter is in charge of making the final decision – so there is definitely an element of personal judgment. Having said that, don’t take first impressions lightly. Prepare yourself in the months leading up to filling out the application and make sure you have:

    • A strong credit score (hopefully over 600)
    • A consistent balance in checking account
    • Positive cash flow
    • Minimal or no current debt
    • Loan request amount

    Aside from all of that, the approval will still be up to the underwriting professional with whom you are working, so personal judgment does enter in.

    The “Direct” Approach

    Discussion

    If all of that feels intimidating, we understand. Greenbox Capital has been in business for over 6 years and we consider ourselves an alternative lender. Why? Because we specialize in funding options for small- and medium-sized businesses that average a minimum of $7,500 in revenue for the previous three months.

    Sure, we still require some documentation, but Greenbox Capital small business funding is unlike traditional lending institutions. We accept all business loan applications for companies that have been in operation for at least five months.

    Our loan structure is simple and straightforward, and our application process takes only a minute. And unlike many other lenders, we don’t charge an application fee or an origination fee. Our fees include only the cost to set you up on our platform! Apply today or contact us to find out more about our fee structure.

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  • Physician Loans

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