Our Services
Revenue-based financing provides a lump sum of cash in exchange for a percentage of your future sales. Instead of managing monthly payments, you’ll repay your financing through small, automatic deductions, from your business bank account. Payments are predictable, allowing for enhanced forecasting.
Long-term business loans range from five to twenty years and are typically used when looking to make a larger investment or expansion in your business. Most often, these loans have a fixed or floating interest rate and tend to require collateral, such as real estate, to secure the loan. Since the loan is getting spread out over a longer period of time, the monthly payments are usually lower than short-term loans. This frees up cash flow while still providing your business with the funds it needs to expand.
With Akron Capital Group LLC, clients can get approved for a revolving line of business credit in as little as 48 hours. The biggest benefit to a business line of credit is that you get access to the cash you need when you need it at a better rate than you might with a credit card. The application only takes a few minutes to complete.
Invoice factoring is a fantastic funding option for businesses that deal with invoicing and have had trouble tracking down payments. Essentially, with invoice factoring, business owners can turn their account receivables into cash factoring lines. Akron Capital Group LLC offers competitive industry-standard rates, a wide selection of financing options, and flexible repayment terms.
Businesses that have been active for six months or more, have a $15,000 monthly revenue or $180,000 annually, and have a FICO score of 500+ are encouraged to apply for any of our business financing options. In addition to short term loans, we offer long term, merchant cash advances, equipment financing, lines of credit, and more.
Equipment financing is a fantastic funding option for businesses that need to invest in new equipment but might not have the financial resources to pay for the up-front cost. With equipment financing options, you can replace your outdated or broken equipment, increase output, and expand your fleet all while keeping your cash flow high.
Small Business Administration or SBA loans are loans offered and backed by the federal government to assist businesses in times of need. Akron Capital Group LLC works with clients to find the right SBA loan product for their specific requirements. Clients have used SBA loans for any number of situations, including purchasing new real estate, buying out partners, or simply to fulfill the need for more working capital.