A. Our network of lenders focus on a business’s historical cash flow and performance which provides us with much more flexibility in our lending standards. This allows Synergistic Investments to focus on the business and not just a credit score, providing you the capital your business deserves.
A. Approvals are a specified dollar amount based off of gross monthly revenues. Repayment is based on a small fixed percentage of your sales until the pre-determined payback amount is satisfied. Your balance decreases as your business makes sales thus helping you manage the cash flow of your business, especially during slower months.
A. Our basic qualifications are that you must have a physical location, be in business for at least 12 months, and have at least $5,000 a month in gross monthly revenues. You can qualify for up to 150% of your gross monthly sales. For example if you process an average of $50,000 a month in sales you can qualify for up to $75,000.To find out how much you qualify for, simply complete the online application and provide some basic information. You will receive a free, no obligation quote from a Synergistic Investments Account Executive who will review your funding options.
A. While credit history does have a role in underwriting, our cash flow financing options are not based on credit. We look at other factors such as type of business & length of time in business.
A. Nothing. It costs nothing to apply and see how much you qualify for. Fees are based on the actual dollar amount your business is approved for. If you aren’t approved, there are no fees!
A. Each business is unique and therefore receives a customized quote based upon its specific needs and situation. Several factors influence both the principal and interest rates of our cash flow financing options, including; business size, industry, processing history, volume, ticket size, and various other factors. To find out how much you qualify for and the associated cost, simply apply now for your free quote.
A. You never have to write a check. Payments are made via ACH on either a daily, weekly, or bi-weekly schedule.
A. Your capital can be used for any business purpose, including: purchasing inventory, repairing equipment, renovations, expansion, reducing debt, or emergencies expenditures. You are free to spend the money on whatever is best for your business.
A. Unlike a typical bank which can take months, Synergistic Investments’ approval time from submission is 72 hrs. This quick and easy turnaround allows you to have the peace of mind of knowing your funds are just days away. Our entire funding process typically occurs within 5 days of submission.
A. Contact us to find out specifically how much we can offer you. We often offer larger advances than our competitors and can pay off your existing advance if it is in your best interest. Call us today to find out how much you are qualified to receive.
A. In most cases, yes. Our cash flow financing products do require a personal guarantee; however, we guarantee that our products will NOT REPORT TO THE PERSONAL CREDIT BUREAUS, thereby keeping the business owners personal credit separated from the business’s.
A. No. A percentage is maintained until the advanced is paid in full.