At Skyrocket Financial Solutions, we provide
financing alternatives for small and mid-sized businesses. We offer real
solutions to the variety of complex financial challenges those businesses face
so that they can grow and prosper. We excel in situations that require
extraordinary service, creativity and flexibility. We have created an expansive
network of commercial finance companies to provide services for you, our
customer, such as: Working capital, A/R financing, Equipment financing and
Sale/Leaseback, Commercial Real Estate, Trade and Purchase Order financing,
financing for Leveraged Buyouts and
Acquisitions, Inventory financing, Debt restructuring, Mezzanine financing, Turn
around and Bankruptcy financing, Bridge Loans
and Equity financing.
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We look forward to hearing from you.
There are many reasons companies choose to lease rather than purchase equipment
via conventional financing. Our role is to help you understand the array of
choices available to you and what is best for your company’s situation and then
put your funding request in front of the best leasing companies to fit your
need. We work with over 30 leasing companies to provide our customers the
ability to get virtually any type of commercial equipment or software financed.
Our leasing partners can provide a very wide variety of terms and lease
structures. We can get equipment financing ranging from $5000 to $10 million.
Additionally, we work with leasing companies who can fund startups and weaker
credit companies who cannot get financing elsewhere. Many companies have the
need to structure a financing program around the seasonality of their business
and we can help with that as well. Once we understand your business
requirements, we will work to find the best leasing company to work with who
will structure their payment schedule around your business needs.
As a vendor or manufacturer it is definitely in your
best interest to have a financing program for your customers. At the top of a
long list of benefits is the ability to help you increase your sales by offering
financing. Just think of how it would impact the success of your business to be
able to provide your customers with 100% financing to include freight,
installation and soft costs such as services and training. Through our
affiliation with over 30 leasing companies, we can help you find the right
financing fit for your customers so that you can provide them with a vast array
of flexible options. We can also work with you to find the right leasing
companies to structure and manage a formal vendor leasing program that will help
you Skyrocket your business! The benefits include having joint marketing
information and financing options branded as your own or dealer demo unit
programs allowing you to finance demo units.
Through our leasing affiliations we can become a
consultative partner with existing and prospective clients. Our leasing partners
have tools that identify lease and tax issues for the client while demonstrating
the benefits of leasing versus purchasing or borrowing. Several of our leasing
partners have advisors who will work directly with companies to determine
optimal structures and documentation for asset acquisition through leasing or
borrowing. We can help assure your customers that their asset acquisition is
financed to optimize the financial impact on the company and that the company
obtains the most reasonable rates and structures available while keeping in mind
the tax considerations.
As a business, you may have multiple assets at your
disposal and need to unlock them to obtain funding to help you succeed and grow.
Traditionally, a business will obtain bank lines of credit with accounts
receivable serving as primary collateral for their loans. By working with us and
our lending sources, your business may also secure additional borrowings with
inventory, equipment, trademarks, or other assets. We can help your business
obtain an asset based loan from as little as $80,000 up to $100 million. Many of
our asset based lenders provide additional services such as fully integrated
accounts receivable management. This includes the collection, computerized
processing, and reporting of accounts receivable. Clients of all sizes outsource
their entire accounts receivable department. If you can transfer this
administrative function to the lender, you can focus on your core business. This
enables your management team to concentrate its time and energy on more
profitable areas, such as planning, finance, marketing and production.
Collections processing is often a sticky area for businesses. Asset based
lenders are professionals and provide this service every day for many clients.
They will handle all collections with a unique combination of friendliness,
tact, and firmness fully cognizant that maintaining a good business relationship
between you, your customers, and your asset based lender, is essential to
everyone's success.
One of the most powerful tools to help businesses is obtaining immediate cash flow for their receivables. In many cases this can provide the solution that helps them get bootstrapped financially, get through tough times or even through times of rapid growth and expansion. Simply put, factoring is where a business sells their receivables at a discount for immediate cash flow. As a business, you may not be able to afford to wait 30, 60 or 90 days to get paid for your invoices. We work with a variety of factoring companies offering multiple solutions, term structures and even no contracts which can get you cash within days for your invoices to improve your cash flow and grow your business. The important thing for businesses is that these factoring companies look for quality receivables, not a strong balance sheet or past performance of your business.
What you can expect in a factoring relationship is to
be able to sell your invoices and receive an advance of 75%-95% of the value of
the invoice within 24 hours into your account. After your customer pays the
invoice 30, 60 or 90 days later, you will receive the balance of the invoice
minus the factoring fee. There are multiple ways the factors fee can be
calculated, and this is all negotiated up front when the relationship is
established. They can charge a daily rate for days outstanding, every 10 or 15
day rate, a flat fixed fee and there are numerous other options. What we do at
Skyrocket Financial Solutions is to listen to you, our customers, and find out
the program that would best suit your needs and then help place you with the
most appropriate factoring company. We then represent you and help you negotiate
their services.
Skyrocket Financial Solutions can connect you with funding sources for almost any commercial real estate need or construction project. We have worked on loans from $100,000 to $200 million. We put your funding request in front of lending sources who have an appetite for your type of project. We understand that every customer and every project are different and so we work closely with our customers to find out exactly what they need and to discover where any pitfalls may lie. In order to obtain funding successfully in today’s complex lending environment you must be ready with the correct information and have the right lenders to work with. We work with you and the lender to submit a funding package that will help ensure success. We can arrange Hard Money loans, Bridge Loans, Builder LOC, Commercial Construction, Joint ventures, Land/Lot loans, Mezzanine financing, Foreign Nationals Loans, Spec loans, Structured finance and more. Whether you want to Purchase or Refinance and obtain Fixed Rate Loans, Adjustable Rate Loans, Private Money Loans, or Equity Capital for your Real Estate Projects, we can help.
Many times when a prospective business owner or
investor wants to buy a business they will talk to their traditional bank or SBA
lender. Most lending sources will look at franchises the same way they look at
all new businesses. However, franchises are proven business concepts with a
track record and we work with lenders who understand that. They know that when a
franchisee opens a new location, it’s not the same as a “Start-Up Business”. We
can help franchisees who are new or existing and opening new stores, remodeling
or updating equipment. For a specific franchise concept, our lenders start by
reviewing the UFOC (Uniform Franchise Offering Circular). Once a franchise
concept is approved, they are able to offer “established company” rates and
terms in situations where banks will only offer “start-up company” rates.
If you are a business owner selling products through
installment contracts to consumers, you understand the complexity and
frustrations of financing, servicing and collecting on those contracts. Through
our extensive database of funding sources, we have lenders who will work with
your business to provide all of those services for you. Our funding sources can
purchase your in-house portfolio or your ongoing consumer contracts as they're
generated. They can also create consumer finance programs for all types of
retail installment contracts, promissory notes and other instruments that more
traditional lenders won’t touch. The advantage of selling contracts is that your
business can receive immediate cash. Sometimes getting immediate cash versus
waiting for monthly payments can help in your business operations. There are
also many other benefits to working with our lending sources if you are a retail
business selling to consumers. You can get access to an online approval system
to get consumer applications approved with speed and ease by simply logging onto
the system, entering the consumer’s information, and receiving an approval or
decline within seconds. This is great for any business that executes immediate
sales, i.e. retail furniture, jewelry, or other products. Retail businesses can
get instant approvals and close the sale while the consumer is still “hot” for
the sale. After loans are financed, they need to be serviced and collections
need to be made. Think of the benefits to your business if you could outsource
all of those services to a professional financing, servicing and collections
organization who is providing them at an affordable rate? Many companies find
they are good at creating new sales, but not very good at managing accounts
receivable. These businesses find that it is cheaper and more efficient
to outsource these services to experienced
commercial finance companies. Let us help you get a proposal for your business
to obtain these services today!
We can help healthcare providers, including doctors,
medical practices, nursing homes, hospitals, home healthcare companies, rehab
clinics and others with working capital, acquisition and
accounts receivable financing. This can be
accomplished for clients whose funding needs range from $100,000 to $100
million. We will work with you and with our lending sources whose knowledge of
the healthcare industry is unmatched by commercial banks or other finance or
factoring companies. What you can expect from us is outstanding service, highly
competitive rates and great funding programs to fit your needs.
Because we see so many business owners and consult with them on their business finances, we have developed a business relationship with a lending source who provides a very creative solution for business owners to fund their retirement out of their business proceeds and is not a 401k or SEP-IRA program. This way business owners don’t have to wait until their business is sold to prepare for retirement. This is all done while also taking advantage of tax benefits available for financing through their business. This service has the potential to help a business owner in ways they never dreamed possible. Ask us to show you how to fund your retirement out of your business in a tax-advantaged way.
We can help businesses obtain
financing for
Leveraged Buyouts
and Acquisitions, Debt restructuring, Mezzanine financing, Turn around and
Bankruptcy financing,
Bridge Loans
and Equity financing. These can be accomplished through term loans, lines of
credit, loans to lenders or warehouse lines or escrow deposit loans.
Through our lending network, we can
help your business establish international trade financing or obtain letters of
credit and can even perform credit analysis
on any Chinese companies that you are considering working with. Some of our
lending sources with offices in China, can be a local contact for your business
to work with vendors or suppliers on your behalf. Our customers can obtain
financing for import or export based on purchase orders without selling equity
in the business or providing extra collateral.
We look forward to hearing from you.