Business Financing For Ohio Dry Cleaners
If you’re in the dry-cleaning business in Ohio, then you understand the value of attention to detail. Your customers look to you for your expertise in linen cleaning, and delivered quickly and conveniently. At Greenbox Capital, our goal is to provide you with that same high-priority, quality service throughout your small-business funding process.
Just as you cater to specific market demands by providing same-day service and/or concierge pickup and delivery, we fit our business funding solutions to meet the unique demands of your dry-cleaning company. As champions of small Ohio business success, we pride ourselves on oureasy, no hassle application process. We offer an experience that is refreshingly different than credit unions, banks, and traditional institutions. After all, it’s no secret that traditional lenders favor and cater to big businesses that have the time and money to wait weeks to months for approval. Choose Greenbox Capital where you can get funded in as little as 24 hours.
Unlike traditional banks, we won’t make you hunt down old business files and tax returns. We know your time can be better spent deciding on how to invest your money. Our wide range of business financing programs can get $5,000 up to $250,000 in your hands as quickly as 24 hours, and require very little paperwork. Additionally, to further improve your opportunity for success, Greenbox Capital business financing doesn’t require collateral and is not based solely on your credit.
Since there is no middleman and we are a direct funder, we have the flexibility to create customized and affordable funding programs. When considering financing approval and credit amount, our knowledgeable of in-house underwriters review your business stability, cash flow, as well as trends in business growth, the key for success is a funding plan that fits easily into your company’s operations. This means not only starting the process easily, but also arranging for easy, no stress payback methods.
Uses for Working Cash Capital
- Cash Flow Management
- Expansion and/or Remodeling
- New Equipment or Technology Purchases
- Licensing Renewals
- Employee Training
- Franchise Investment Opportunity
- Launch New Lines of Revenue
Advantages of Greenbox Capital Business Funding
- Fast and Easy Online Application
- Qualifications Much Less Stringent than Banks
- Low Credit and No Collateral OK
- No Restriction on Use Of Funding
- First-Rate Customer Service & Quick Response
- Same-Day Funding is Possible
Qualifications for working capital small-business loans¹ and merchant cash advances² include a minimum average of $7,500 revenue over the past three months and at least 6 months of operation. There is also no restriction as to how you choose to use the loan, and a low credit scores are not an automatic disqualification.
A small Ohio business can get approved for an unsecured merchant cash advance equal to 70% or even 100% of their total monthly revenue, and funding can be accessed in as little as 24 hours. A business line of credit provides the needed flexibility to draw cash as needed, rather than all at once. Renewals with lines of credit are possible without 50% payback of the original advanced amount. We also offer special programs such as 3 Stip Business Cash Advance and an Early Pay-Off option. Additionally, ask about collateral-backed options for a merchant cash advance or even a short-term small business loan, that is if your cash flow fails to meet unsecured funding requirements.
Repaying a Business Cash Advance
Also referred to as “credit card receivable funding” and “sale of future receivables”, a Merchant Cash Advance is the purchase of your future receivables. It is not only the fastest ways to get a financial boost, but it also comes with a fully-automated payback method!
Repayment options include the Automated Clearing House (also known as ACH) payments or split funding through your credit card processor or lockbox. ACH payments are fixed and are deducted either daily or weekly from your business’s account, and are ideal for the business owner who feels secure knowing the amount of the payments in advance. The other method is called split funding, this syncs the payment amount with your credit card receipts. If your business has seasonal ups and downs, or you want a payment schedule that follows sales split funding is for you. A split funding payment is based on a fixed percent of credit card receipts, so you are never burdened. The credit card receipts will vary with sales, but the percentage is agreed upon from the beginning.
¹ Greenbox Capital Small Business Loans may not be available in all regions of the United States or Canada.
² Greenbox Capital Merchant Cash Advances may not be available in all regions of the United States or Canada.
For a free consultation, please complete our application or contact our Merchant Account Service Team.