Author: Tate McIntyre

If you asked 100 small business owners what the number one thing was they wish they had more of, the answer the vast majority of the time would be working capital. Defined as Current Assets – Current Liabilities, a robust supply working capital can be an indication of a healthy business poised for growth opportunities. Conversely, small businesses lacking these assets often spin their wheels to stay afloat and miss out on potentially lucrative opportunities to thrive. This can further jeopardize the blood, sweat and tears required to build a business from the ground up. After all, expansion – and the inability to acquire the resources with which to expand – is the top obstacle small businesses face.

For small businesses that lack the assets, time in existence or credit score to qualify for bank financing, there are other options available. Most notably, private specialty lenders exist for the exact reason of helping hard-working small business owners get over the hump and get to the next level. While specialty lending is sometimes scrutinized for higher interest rates and shorter terms than traditional bank funding, this short-term inconvenience pales in comparison to the opportunity to create a profitable business in the long term.

One astounding example of how revenue advances – a core offering of many specialty lenders – can propel a business to immeasurable success, is sports media giant ESPN. In 1979, ESPN Co-Founder Bill Rasmussen and his partners were in the midst of negotiations with the NCAA, cable networks and satellite providers. Once they reached agreements for broadcast rights and the associated logistics, there was a glaring immediate need for capital. Mr. Rasmussen took out a $9,000 revenue advance to facilitate these partnerships and the rest is history. Now, fast forward four decades and ESPN has grown into one of the most recognizable brands in the world.

All this is not to say that everyone who utilizes specialty funding will achieve this type of success, but it goes to show that the sky is the limit if entrepreneurs have a great plan and the resources necessary to execute it. As the premier private lender in the specialty funding space, MobyCap has helped small business owners – and even publicly traded companies – in virtually every industry acquire the funds they need to expand. We’ve already deployed over $1 billion in working capital over the last decade-plus and continue to innovate in the space so we can create even more long-term partnerships.

We can complete our fast, easy funding process in a matter of hours or days, rather than the weeks or months required to complete a bank loan. Since we don’t require any collateral or personal guarantee and require minimal documentation to underwrite, there is much to gain with virtually no downside to exploring your options. Don’t hesitate to call (737) 577-1180 or Contact Us at your earliest convenience if interested in doing so. Moreover, you can simply Apply Now if you’re ready to move forward ASAP.

Most small business owners start out down a similar path: they gain experience in their chosen field, develop their own expertise, formulate a plan for how to improve things, and finally branch off to start their own company. While some are fortunate enough to hit the ground running, with pre-existing clients in tow, many are focused on drumming up new business for the first months – or even years – of their new ventures. This often requires copious amounts of spending on startup costs, marketing and staffing, to name a few. Once a merchant overcomes these large initial challenges, the next one can rear its ugly head… seasonality.

Seasonality describes the increase and/or decline in demand for a product or service, based on the time of year. Several key factors can contribute to seasonality, including weather, consumer behavior patterns, travel, and more. Some examples of seasonal businesses include vacation and travel entities, lawn care, retail (especially those with a sports and recreation focus), tax services and education services, among many others. These seasonal companies experience fluctuations in resources that are two-fold: they often require available capital to keep up with the surge in demand during the busy seasons, and funds to cover operational costs during the slow times. A lack of funding during the former can lead to missed opportunities while lacking resources during the latter can have more dire consequences. Either way, it can be extremely beneficial for small business owners to know what options are available to them if a need for quick funding arises.

Small Business Loans for Seasonal Companies

Many seasonal businesses are not candidates for traditional bank financing if they are light on assets, have low or insufficient credit or simply can’t wait weeks or months to receive the funds they need to take advantage of their opportunities. MobyCap is considered the premier specialty finance option for small business owners seeking funding to make the most of seasonality. We’ve successfully deployed over $1 billion and counting to merchants in similar situations over the last decade and continue to refine our offerings while streamlining our approach to make it easier than ever for small business owners to acquire funding tailored to their exact needs. Unlike other private lenders, we offer a full suite of options including term loans, revenue advances and lines of credit. We typically underwrite for all possible options before presenting the best approvals and moving quickly through the closing process.

This streamlined approach requires minimal documentation to start underwriting and can yield approvals within hours of receiving the items we need to start. Moreover, we assign a team of specialists to every deal in order to gain a deeper understanding of our clients’ current needs and future aspirations, which allows us to truly customize offers suited to their exact needs. This also inspires us to focus on speed and ease, as we know business owners would rather focus on running their operations, rather than tracking down the resources needed to do so.

There is no hard credit pull or personal guarantee necessary to underwrite, so you have nothing to lose and much to gain by calling in to discuss your options with our funding experts. Don’t hesitate to submit your information through our Contact Us page, or call (737) 577-1180 to get started. Thank you, we look forward to working with you and are confident we can be a valuable asset to your business.

Inflation is defined as the general increase in prices and the fall in the purchasing value of money. As you can imagine, this cause-effect relationship can have a wide-ranging impact on small business owners. This can include rising costs for inventory/materials, the subsequent raising of one’s own prices to keep up, and a potential loss of business to competitors as a result. This is just a simple example, as there are countless other ripple effects involved for business in different industries. Moreover, in times of high inflation, small business owners sometimes scramble for new sources of materials and/or overhaul their systems, which can incur large up-front costs. Any combination of these events can severely impact small business owners’ bottom lines in the short and long term.

For the 12 months that ended in February 2022, the inflation calculator reflected a four-decade high of 7.9%. There are many contributing factors to this dramatic rise, including repercussions of the Covid-19 pandemic, global supply chain issues, and the Russia-Ukraine conflict, which is exacerbating things by impacting energy prices. For many small business owners who were looking forward to a big summer after emerging from the shadows of the pandemic, this has thrown a wrench into their plans. The government is actively taking measures to combat inflation, so hopefully, this is more of a temporary setback, but small business owners still must navigate through this challenging landscape. The looming threat of a recession adds more fuel to the fire but is something that can be overcome on an individual level through proper planning and opportunistic decision-making.

Combat Inflation With Flexible Funding

In the past, bank financing was the only viable option for small business owners in need of capital to take advantage of growth opportunities, cope with changes in the business environment and/or bridge the gap when receivables lag for any reason. However, big banks are often quite rigid with their underwriting processes and often turn away merchants who are light on assets, have thin or subpar credit, or simply haven’t been in business long enough. Traditional financing also takes weeks or months to complete, which can feel like an eternity for small businesses. After all, a key advantage of smaller organizations is their ability to quickly adapt to a changing environment. If one is unable to secure the resources necessary to do so, dire consequences can ensue.

It is for all these reasons and more that MobyCap has carved out a niche in the alternative finance space while funding over $1 billion and counting to small business owners over the last decade. We specialize in granting our clients quick access to the capital they need to accelerate their business goals. We’re constantly streamlining our process and can complete deals within one business day because we know the impact a quick influx of working capital can have on a business’ growth trajectory. We strive to exceed expectations at every step of the process and truly feel we can help anyone who walks through our doors, with our full suite of funding options ranging from $50k to $5M. Unlike most others in the unsecured funding space, we strive to gain a deep understanding of all our clients so we can create fruitful, long-lasting partnerships.

If you’re interested in exploring your options, don’t hesitate to call (737) 577-1180 or simply click HERE to fill out our secure one-page application. We look forward to working with you and are confident we can be an asset to you and your business!

The Federal Reserve, aka The Fed, is the main governing body over the United States economy. Currently headed by Jerome Powell, the Fed’s main job is to control the supply of money in the economy through various policies, along with accomplishing primary objectives like controlling inflation and maximizing employment. Perhaps its most powerful tool in influencing the economy is its ability to manipulate the Federal Funds Rate, which impacts everything from yields earned on savings accounts to credit card interest and beyond. The FFR also influences the interest charged to both individuals and companies when borrowing funds.

The Fed raises the FFR with the goal of increasing short-term interest rates, and vice versa when lowering the benchmark. During the Covid-19 pandemic, when the economy abruptly came to a halt for several weeks, triggering all sorts of repercussions that are still being felt, the Fed lowered the FFR to 0% in an attempt to soften the blow by increasing the likelihood that lenders would be repaid while borrowing would still be feasible for those seeking funds.

Implications of the Fed Rate Hike

Since that move was made, thanks in part to the fallout from Covid-19 as well as lingering supply chain jams and the war in Ukraine, inflation has picked up at an alarming pace. In an effort to tame inflation, the Fed has made it clear that the next step is to begin raising the FFR rate in a series of hikes over the coming months. The plan the Fed has outlined would represent one of the most aggressive raises on record and has sent shockwaves through the stock market since it was made public. After all, a higher FFR means companies both public and private will face more challenges related to growing their bottom lines, while the other aforementioned issues are still impeding gross sales.

While a higher FFR affects those seeking funds through traditional banks, MobyCap has secured resources that will dramatically lower the cost of capital for all clients funded through our in-house bank. Our commitment to securing the most beneficial funding options for our clients never stops, and in the face of challenging macro-economic conditions, we feel it is even more necessary. What’s more, these enhanced options won’t slow down our streamlined process at all, as we can still present offers within hours of underwriting and offer funding within 24 hours in many cases. Along with these lower rates, MobyCap continues to add innovative, customizable options which enable us to help a wider array of small businesses.

Because there is no hard credit pull or obligation needed to underwrite, you have nothing to lose and much to gain if your business could benefit from an influx of working capital as we head into the summer months. After all, even if you don’t plan on borrowing funds in the immediate future, it never hurts to know what options are available should the need arise. The last few years have shown us just how unpredictable the economy can be, and that significant swings can occur even when the Fed announces correctional measures.

Don’t hesitate to call (737) 577-1180 or submit your information through our Contact Us page to explore your options with one of our experts. You can also simply Apply Now, if you’d like to expedite the process. Thank you, we look forward to the opportunity to work with you as we continue our mission to support as many small business owners as possible!

For weeks now, Russia has waged a war in Ukraine that has resulted in harsh economic sanctions handed down from many of the most powerful countries in the world. While these sanctions could significantly impact on Russia’s ability to prolong the conflict, they will also have global repercussions given its status as one of the largest players in the energy sector. The timing of all this is especially unfortunate considering the world economy was showing signs of emerging from a two-year period marred by the Covid-19 pandemic and supply chain jams. Now that the United States has pledged to stop importing Russian energy, gas prices have quickly risen, throwing another wrench into the plans of small and medium-sized business owners.

Given the multitude of obstacles impeding the recovery, virtually every industry could be impacted either directly or indirectly. Some unforeseen opportunities could arise for businesses in industries like logistics, manufacturing, and even oil & gas. While such businesses will surely be pleasantly surprised by the influx of additional opportunities, they will also need the resources with which to take them on. In this case, a customized funding solution from a private lender can be extremely valuable. Whether these projects require a quick influx of capital that can be paid back over a short period of time, stretched out over a longer term, or via a personalized payment schedule, all are things MobyCap can accommodate. Because we can provide up to $5M in small business funding, complete deals within one business day of receiving documents and offer a wide array of options, we’re confident we can help virtually any business that meets our minimal requirements.

Conversely, many others could be hindered in the short term, including those that rely heavily on inventory and uninterrupted cash flow. In these instances, MobyCap offers multiple funding options designed to help our clients bridge the gap when business is slow or accounts receivable lag. Like the other solutions we offer, these “bridge funding” options are rather customizable based on the unique needs of each of our clients. As a hedge against uncertainty, we often approve deals for a longer-term while also including discounts for an early payoff, in case business picks up, receivables arrive, or new opportunities present themselves in the near term. Such options are unheard of at traditional banks and are just one of the reasons we’ve won over thousands of clients who see the value in working with a private lender who will go to great lengths to help their businesses thrive in the good times and protect themselves against unforeseen setbacks.

Because we don’t need many documents to underwrite and don’t require any sort of personal guarantee or hard credit pull, you have nothing to lose and everything to gain if your business could benefit from exploring their working capital options. Don’t hesitate to call (737) 577-1180 or submit your information through the Contact Us page to connect with a funding specialist. You can also simply Apply Now if you’re ready to get started.

It’s no secret that Covid-19 has presented small business owners with perhaps the toughest challenge imaginable. Just when it seemed we were in the clear, the Omicron variant began to spread like wildfire, causing a new wave of shutdowns in some states. While growing a healthy business is tough enough, months of economic shutdown followed by inconsistent sales forced many small business owners to close their doors… some for good. On the other hand, small businesses in some industries found themselves much busier than before, with an influx in opportunities related to the pandemic. While this sounds like a blessing, sudden, rapid growth is actually one of the main challenges small business owners face and can cause havoc if they aren’t armed with the resources to take proper advantage.

The scenarios mentioned above outline how important it is for virtually every merchant to explore all options available to them, including specialty finance. Also known as alternative finance, specialty finance refers to private lenders who can supply small businesses with quick, robust sums of working capital they can use to navigate through difficult times or excel during busy periods. MobyCap has established itself as the premier private lender in the space, with numerous customer service awards from Lending Tree and an average deal size roughly four times the industry average. We’ve managed to achieve this status by offering several key advantages that traditional lending institutions like big banks cannot offer. These include:

• Speed – We have closed thousands of deals within mere hours or days, while traditional banks often take weeks or even months to generate approvals. We understand the urgency many of our clients feel when searching for funding and strive to move extremely quickly while exceeding expectations every step of the way.
• Amounts up to $5M – Thanks to our superior resources (we are backed by a $100M line with Silicon Valley Bank), experience, and industry connections, we stand head and shoulders above other private lenders in terms of our ability to fund large sums. While we can help businesses of all sizes secure funding, we’ve become the premier option for transactions of $100k and above and fund multi-million-dollar deals with regularity.
• Customer service – While many traditional banks plug numbers into an algorithm, provide a loan estimate and move on, we dedicate an entire team to each customer from the time we first make contact until funding and even afterward when our clients are ready to take on more working capital.
• Uncollateralized funding – While no two banks use the exact same underwriting parameters, they have one thing in common: they virtually all require assets as collateralization to offer approvals. Many small businesses, especially those with asset-light business models, are simply unable to meet these requirements and are thus turned away by their bank.
• Customized Options – Perhaps the greatest advantage we offer is the ability to create truly customized deals around our clients’ needs. Because we are a direct funder and strive to create long-lasting relationships with each of our customers, we often design payment schedules that maximize the customer’s chances of using our money to enhance their business without putting it in any sort of financial jeopardy. Moreover, unlike many of our competitors, we also regularly urge customers not to move forward with deals if it isn’t in the best interest of their short and long-term success — even if they’ve already been approved.

The ongoing pandemic continues to present new challenges, making it paramount for merchants to understand all their options if a need for working capital arises. When you factor in the current global supply-chain issues, small businesses are arguably facing more challenges now than they did throughout much of 2020. Whether merchants want or need to utilize bridge funding to secure inventory, expansion, payroll, staffing or any other reason, cultivating a relationship with a premier private lender offers no downside.

We don’t run hard credit pulls or require any sort of personal guarantee to underwrite, so there’s nothing to lose and much to gain if your business could benefit from an influx of working capital. If you’re interested in speaking to a funding specialist about your options, don’t hesitate to Apply Now or call (737) 577-1180. Thank you, we look forward to working with you and are confident we can be an asset to your business.