Small Business Funding

At Ocean Drive Funding we work with all different types of small businesses all with the same primary focus; make money and grow.  Fortunately if these businesses are effective, we are able to look at their numbers and provided cash flow funding for up to 10% of their annual gross revenue in as little as 24 hours.  It does not matter if you accept credit cards or not and there is no collateral required.

The rates can vary between roughly 12% and 45% on the money funded and the payback terms are between 3 months and 24 months with the average being 90 days to 1 year.  Your monthly payments are a fixed amount so you can predict what you are getting into and prepare for the monthly expense.

sba-loans

The payments are divided over the total amount of the funds provided, plus interest/fees and spread evenly over a 21 day calendar month for the term of the payback.  Basically, your business bank account is ACH debited 21 times per month for a fixed amount of money, no variables whatsoever.  This can provide peace of mind and makes it easy to project fixed overhead during the payback period.

If you already have one or more active small business loans we can use this funding to pay them off, consolidate the debt into one new funding and even add some money on top for additional cash flow and operating expense needs.

APPLY NOW and we can get started on your quick approval today and fund tomorrow!

  • Apply Online and Receive Offers within 4 to 5 hours
  • Funds in as little as 24 hours from initial application
  • Up to $500,000 in working capital funding available per business
  • Fixed daily ACH payments make it easy to predict monthly expenses
  • Repayment terms from 90 days to 24 months with an average of 12 months
  • Average interest rates in the range of 18% to 33% but as low as 12%
  • Discounts and additional funding offerings provided for early repayment
  • No personal guarantee is required, your business’s revenue and banking history is all
  • Any business that exceeds $10,000 per month in revenue and opened over 120 days may apply

Collateral Loans

Ocean Drive Funding is pleased to offer Collateral Loans to business owner’s and executives.  These are loans which can be funded using assets owned by the business owner or the business itself as “Collateral” to guarantee the note during the repayment period.

Many companies need funding for expansion and growth, inventory or equipment purchasing, advertising campaigns, etc.  Ocean Drive Funding can provide funding for any type of business that owns property outright.  Whether the business owns a fleet of trucks, or tractors, or a whether they own the building they operate out of, Ocean Drive Funding can get the deal done and the funds wired to your account, fast.  Ocean Drive Funding can also provide business capital funding using the business owner’s personal assets as collateral, which may include their vacation home, boat/yacht, art collection and even valuable jewelry in most cases.

Business Collateral Loans can be approved in as little as 2 days and as long as 30 days, based on the asset being offered and the time it takes for appraisal and contract execution to be completed.  Average funding takes 5 days from approval.  Repayment terms on collateral loans can range from as little as 90 days to as long as 2 years.  These types of loan’s terms can run the gamut based on the value of the item(s) being used for collateral and the amount of business capital funding being provided.

Collateralized-Merchant-Funding

Based on the assets being provided as collateral, Ocean Drive Funding or its funding partner may require limited to no access to the asset or full access/possession.   Loans that are based on collateral like a vehicle are easier to approve than on a home, but a home can get a business more funds if the equity/property value is right for the numbers.

APPLY NOW and let’s get the funds in your account!

  • Apply Online and Receive Offers within 24 to 48 hours
  • Funds in as little as 5 days from initial application
  • Up to $750,000 in working capital funding available per business
  • Fixed daily ACH payments make it easy to predict monthly expenses
  • Repayment terms from 90 days to 24 months with an average of 12 months
  • Average interest rates in the range of 20% to 40% but as low as 15%
  • Borrow up to 1/3rd of the value of your asset
  • No personal guarantee is required, your property is your collateral
  • Any business that exceeds $10,000 per month in revenue and open over 120 days may apply

Merchant Cash Advance (Credit Card Processing Receivables Advance)

Ocean Drive Funding offers merchant’s who accept credit cards to fund business capital and pay it back in a structure that is easy to predict each month. Based on the merchants transaction volume monthly, Ocean Drive Funding can provide a capital funding for between 75% and 125% of the average of the last 3 to 4 month’s total monthly revenue.  If a company is generating $100,000 in monthly credit card sales, they will typically be approved for between $75,000 and $125,000.  There are cases every month in this scenario where we have even approved $150,000.

The Ocean Drive Funding repayment structure is simple.  In this funding model, the merchant agrees to allow Ocean Drive Funding to keep between 10% and 60% of the merchant’s daily net credit card transaction receivables during the term it takes to repay the full balance of the funding provided plus interest and or funding fee.  In most cases, Ocean Drive Funding and our merchant can decide as a team what is the best percentage to payback effectively and also grow the business without too much added cost of debt servicing during the payback term.

merchant-cash-advance

While this is not a fixed monthly payment, it is easy to determine based on past history what will likely be the payback each month.  If the business capital we provide a merchant enables them to increase revenue during the term of the repayment, that simply means the repayment will take place faster and Ocean Drive Funding can provide a second funding sooner!

Merchants who have been selling retail, wholesale, online, on-land, business to consumer, business to business, all can apply for Merchant Cash Advances with Ocean Drive Funding and get fast approvals and fast funding.

APPLY NOW and get the funding you need to grow today!

  • Apply Online and Receive Offers within 4 to 5 hours
  • Funds in as little as 24 hours from initial application
  • Up to $500,000 in working capital funding available per business
  • Repay your loan using a fixed percentage of each credit/debit card sale
  • Repayment terms from 90 days to 36 months with an average of 12 months
  • Average interest rates in the range of 18% to 33% but as low as 12%
  • Discounts and additional funding offerings provided for early repayment
  • No personal guarantee is required, your business’s merchant account history is all
  • Any business that exceeds $10,000 per month in revenue and open over 120 days may apply