New ways to get funded
OrangeFi is here to change the way small businesses think about financing.
Small Business Administration, SBA 7 (a), 504, and Express Loans
Without a doubt, Small Business Administration (SBA) loans are one of the best ways to finance your small business. They’re guaranteed by the federal agency, which allows lenders to offer them with flexible terms and low interest rates. Getting one can help you grow your business without taking on possibly crippling debt. Depending on which bank you are speaking with, there can be different criteria to qualify. That's why working with OrangeFi for your SBA loan makes sense. We work with several SBA banks and can match you with the best bank for your situation.
Strategic Credit Lines, SCL (0% Intro Credit)
As you might guess, many young and new businesses can qualify for a small business startup loan. Since you won’t have a lot of revenue history, the most important factor to lenders will be your personal credit score: The higher the score, the better your chances of qualifying. This program is unsecured and requires no deposit or down payment. You can receive up to $250,000 at 0% interest for 12 to 24 months.
Equipment financing is a great way to purchase new or used equipment you need for your business. You can finance 100% of the equipments value and typically funds as fast as 2 days. Applying for an equipment loan is an easy way to purchase the finance of most types of equipment such as - Office phones, computers, pizza ovens, printing press, vehicles, and machinery.
Self Directed 401K, IRA Rollover
Rollovers for Business Start-ups allow you to leverage existing retirement funds to invest in a small business or franchise — without incurring tax penalties or getting a loan. It’s one of the most efficient ways entrepreneurs can finance a business start-up, acquisition or expansion.
Business Term Loan
A business term loan is a lump sum loan that you pay back with regular repayments at a fixed interest rate over a set amount of time. Term loans can be used to finance a specific purchase, an investment or almost anything for your r your business. Terms can be from 2 to 10 years and rates vary depending on credit, time in business and business revenue/cash flow.
Invoice factoring is when a bank or lender issues your business an advance on your open invoices based on contracts with other business. This only works with business to business contracts. We can factor contracts in every industry including retail, construction, medical, government and many more. Factoring allows you business to remain liquid during those periods where your net terms are not paid but you still have to cover costs.
Business Cash Advance
A Business Cash Advance is a funding product that can provide quick and uncomplicated working capital to you – the business owner. You sell a specific amount of your business’ future credit and debit card receivables (at a discount) in exchange for cash you can use for whatever your business may need.