tel: (917) 200-5918 submissions@urfunder.com

Existing Advance Consolidations

If you have 1 or more advances and are looking to consolidate and net more capital, call us at (917) 200-5918.

Does your business need funding today?

Our agents are standing by to completely service your application and draft an approval in hours and disburse funds same day.

Do you need support?

If you need immediate assistance or need an update on your application, please call us at (917) 200-5918 or email our support team at submissions@urfunder.com.

Why Ur Funder?

☑ Quick Business Advance/Loan Process

☑ Advance Consolidations

☑ All Industries Accepted

☑ More Cash flow

☑ No Broker Fees

BUSINESS SOLUTIONS

CREDIT CARD REVENUE LOANS

Do you accept credit card payments? If so, we have credit card loans that allow you leverage those future swipes with a loan today. We assess your monthly volume, create an approval, and fund your business based on the monthly credit card volume, called a Merchant Cash Advance. A Merchant Cash Advance (MCA) is an alternative to the lengthy approval process and strict credit requirements required for a traditional bank loan.

How a Merchant Cash Advance Works

An agreement is made between the you and our company Ur Funder regarding the advance amount, payback amount, hold-back and term of the advance. Once an agreement is made, the advance is transferred to the business’ bank account in exchange for a future percentage of credit card receipts.

Each day, an agreed upon percentage of the daily credit card receipts are withheld to pay back the MCA. This is called a “holdback” and will continue until the advance is paid in full. 

Because repayment is based upon a percentage of the daily balance in the merchant account, the more credit card transactions a business does, the faster they’re able to repay the advance. And, should transactions be lower on any given day, the draw from the merchant account will also be less. This means that during times of slow business, the business’ payback is relative to your incoming cash flow.

How to Apply:

The time it takes to get approved for a merchant cash advance could be anywhere from hours to a couple of days depending on the paperwork and other details. 

The application process isn’t as complicated as a traditional loan, which typically makes the merchant cash advance approval process a faster option. Here are the steps a business needs to take:

  • Applying: Use our online application or downloadable form. The application is two pages and you will be asked for your social security number, business tax ID, and other important information about your business.
  • Providing documentation: We require business bank statements for the last 6 months and credit card statements for the last 3. 
  • Approving your application: It could be as quick as 1 hour for your business to be approved for a merchant cash advance.
  • Receiving the funds: The funds from the MCA will be deposited into the small business’ bank account used in the application process. 

STEP 1: APPLY

Submit your application with 4 months' business bank statements and merchant credit card statements.

STEP 2: UNDERWRITING & CONTRACTS

Our team evaluates your business and contacts you with a decision within 24 hours. Upon approval of the offer, return the provided contract and all requested stipulations.

STEP 3: FUNDING

Receive requested funds within 72 hours of submitting an application.

BUSINESS REVENUE LOANS

ACH Business Loans, The Basics

Small business owners have the option to receive creative ACH financial loans, that help meet their very specific financial objectives like:

  • Funding is lightning fast when compared to traditional loans
  • Lowered Credit Requirements
  • The ability to sell a piece of the business’ future generated revenue.
  • The ability to finance using outstanding receivables as collateral

General Industry Underwriting Standards:

  • Credit Score – No less than 500, which is a credit standard that is easy to qualify
  • Length of Business Operation – at least a ½ year
  • Checking Account Monthly Deposit – at least $10,000 per month
  • Number of NSF’s Permitted Monthly – no more than six Insufficient Funds’ (NSF) notices in any given month
  • Application Fees –none
  • Collateral – none
  • Company Financials – usually not required

How to Apply:

The time it takes to get approved for a merchant cash advance could be anywhere from hours to a couple of days depending on the paperwork and other details. 

The application process isn’t as complicated as a traditional loan, which typically makes the advance approval process a faster option. Here are the steps a business needs to take:

  • Applying: Use our online application or downloadable form. The application is two pages and you will be asked for your social security number, business tax ID, and other important information about your business.
  • Providing documentation: We require business bank statements for the last 6 months.
  • Approving your application: It could be as quick as 4 hours for your business to be approved for business advance or term loan.
  • Receiving the Funds: The money from the Advance will be deposited/wired into the small business’ bank account used in the application process. 

 

STEP 1: APPLY

Submit your application with 4 months' business bank statements and merchant credit card statements.

STEP 2: UNDERWRITING & CONTRACTS

Our team evaluates your business and contacts you with a decision within 24 hours. Upon approval of the offer, return the provided contract and all requested stipulations.

STEP 3: FUNDING

Receive requested funds within 72 hours of submitting an application.

ASSET BASED LENDING (ABL)

Trying to obtain suitable financing for your business can be time-consuming and complex. Credit history, cash flow and business profitability all play a role. Your business potential means something to us, which is why our credit decisions take into account the past, current and future success of your business. We place significant weight on your future prospects for growth by extending you a line of credit, knowing that working capital can help you make payroll, purchase equipment and inventory or even take trade discounts.

 

Prompt and Responsive Solutions

We achieve this mission by providing clients with prompt, responsive business financing services of the highest quality. We tailor our loans to meet the changing needs of our clients as their business accelerates.

 

ABL Loan Products

Ur Funder offers four types of asset-based financing in addition to a factoring solution. Each is customized on an individual basis to meet our clients growing needs regardless of where they are in the business development cycle.

 

Accounts Receivable Financing

We use outstanding accounts receivable as collateral for our clients to assign to us and borrow against to meet their business objectives. An accounts receivable line of credit is established to accelerate cash flow whereby advances are made against accounts receivables. The rate of advance on accounts is generally between 75–85% of the accounts receivable balance. Our loans are set up in a self-liquidating fashion. Advances are based on products shipped and/or services rendered to creditworthy customers with loans paid down as cash collections are received.

 

Inventory Financing

We also allow clients to obtain financing through us against specific types of inventory that can include, but are not limited to, raw materials, work in progress and finished goods for seasonal sale. Our inventory financing is typically provided in conjunction with our accounts receivable solution, with the accounts receivable piece as the primary component of the facility. Inventory financing is provided to assist you through the process of purchasing, processing and converting your inventory into salable goods. Advance rates on raw materials and finished goods vary between 25–65% of cost depending on the type of inventory.

 

Equipment Financing

Clients can also obtain financing against their existing capital equipment, or they can obtain a capital expenditure line to purchase additional equipment they need to grow and expand. Equipment financing is provided in conjunction with accounts receivable financing, with the accounts receivable portion as the primary component of the facility. We provide equipment term loans to finance existing capital equipment or to purchase new capital equipment. Advance rates on equipment financing are determined on a case-by-case basis and are dependent on the specific equipment being financed. Formal appraisals are generally obtained to determine the approximate value of the equipment.

 

Technology Financing

Our technology product is designed specifically for emerging technology companies. Many firms lack sufficient operating results to secure traditional financing, but with our unique offering they are able to secure the funds necessary to grow with limited dilution of ownership equity. Our offering provides high technology firms an interim financing solution between conventional bank debt and equity, whether it’s institutional or angel money. By utilizing our elastic working capital line, companies can easily leverage trading assets to bridge operating cash flow. In addition, with little warrant coverage required, our program is ideal for postponing future equity offerings, thereby enabling our customers to concentrate on building the valuation of your currency.

 

Benefits of the programs allow our customers to:

  • Receive a larger line of credit than available through traditional financing
  • Capitalize on profitable opportunities requiring cash
  • Utilize as bridge financing
  • Obtain cash to meet operating needs
  • Take advantage of trade discounts
  • Increase sales through prudent credit extension
  • Gain access to credit checking and credit management services
  • Utilize web-based borrowing base & reporting

 

Factoring

If you have clients who take 30, 40 or 60 days to pay their invoices, we have a solution to help. We provide factoring, which is a financing tool that allows you to get your invoices paid immediately upon delivery of your goods or services. It provides your company with the necessary capital to operate efficiently, pay your own suppliers and grow. We can help you meet monthly financing needs from $50,000 to $1,000,000 dependent on application approval.

Not a traditional loan, factoring involves selling your invoices at a discount for immediate cash and thus that cash gives you immediate access to the funds you need to operate. Once your customers pay their outstanding balance, you get the amount paid less the advance and factoring fee.

If your business has minimal capitalization, a lack of credit and collection expertise and/or limited operating history, the advantages of factoring to you include:

  • Prompt approval and funding
  • No minimums
  • No long-term contracts
  • Flexible assignment of accounts and invoices
  • Ultimately, the ability to transition to one of our more traditional revolving lines of credit as your situation allows

 

How to Apply:

The time it takes to get approved for a merchant cash advance could be anywhere from hours to a couple of days depending on the paperwork and other details. 

The application process isn’t as complicated as a traditional loan, which typically makes the advance approval process a faster option. Here are the steps a business needs to take:

  • Applying: Use our online application or downloadable form. The application is two pages and you will be asked for your social security number, business tax ID, and other important information about your business.
  • Providing documentation: We require business bank statements for the last 6 months.
  • Approving your application: It could be as quick as 4 hours for your business to be approved for business advance or term loan.
  • Receiving the Funds: The money from the Advance will be deposited/wired into the small business’ bank account used in the application process. 

STEP 1: APPLY

Submit your application with 4 months' business bank statements and merchant credit card statements.

STEP 2: UNDERWRITING & CONTRACTS

Our team evaluates your business and contacts you with a decision within 24 hours. Upon approval of the offer, return the provided contract and all requested stipulations.

STEP 3: FUNDING

Receive requested funds within 72 hours of submitting an application.

EXISTING LOAN CONSOLIDATION

If you have more than 1 business loan or merchant cash advance, Ur Funder will review your file and payoff all your existing balances and even allow you net additional capital to get your business back on track. The application process for this loan is very simple, easy, and fast. Yes, that means we can help you get out of these loans in less than 48 hours and reduce the strain on your business cash-flow.

CONTACT US

Complete an application online. For more information about our application process, our to speak with a loan adviser please contact us at (917) 200-5918 or email us at Submissions@UrFunder.com