Capital Funding Solutions Designed To Help You GROW Your Business!
Obsidian's Capital Funding tiers and what that means to your business!
Tier 3: Short Term Private
Tier 3 is for those businesses who have cash flow and credit challenges. Its for those businesses who have not been in business for more than 2 years, or who doesn't meet traditional credit, deposit or revenue requirements. This is for businesses who may have to much debt and need to consolidate to get out of the rate race. If this is YOUR business, then you have hit the pot of gold at the end of the rainbow because we SPECIALIZE in helping Tier 3 businesses become Tier 1.
Tier 2: Non Conventional
Tier 2 is the middle of the mark. This is a much better place to be than a tier 3 as the lending rates are much lower, the terms are a bit better and the funding amounts are higher. This is a stepping stone in the right direction. Maybe you were profitable but your debt service was just too high. Maybe your personal or business credit is a bit better but not just quite what it needs to be in order to become a Tier 1. This could be simply because you have been in business less than 3-5 years as required by the SBA. Regardless, we will not stop with you being a 2, we are only satisfied when our clients become a Tier 1 business.
Tier 1: SBA-Conventional
If you fall into this category then you are the elite of the elite. Your business has great business credit, you have good personal credit and most importantly your business is highly profitable with sufficient assets. This is the ultimate goal we want all our clients to get to no matter where they start. Its our goal with our memberships to help our clients move from Tier 3 and Tier 2 into Tier 1. No other lender or broker focuses on this method. When you are a tier 1, you qualify for top conventional financing and SBA Lending. The lowest rates and longest terms with the highest capital deployment in the nation.
Obsidian Capital Funding Products
At Obsidian we believe that every loan broker, every finance professional and every lender should be able to provide the best financing services with a specific set of ethics and a plan of action to help each business owner drastically improve their current situation. Below you will find a list of all the different loan programs we offer here at Obsidian to our clients based on their specific qualifications and needs.
Accounts Receivables can be used as a type of collateral in place of physical assets for specific loans or lines of credit. This type of financing is common in certain service-based industries such as contracting where key assets are utilized as collateral to lend money to a business owner. Typically, the lender "buys" future receivables with cash up front at a discount based on historical verification.
Contract Financing Unlike other forms of working capital financing, contract financing is specifically designed to aid business owners that need an advance on their contracted work before a service is completed, but not necessarily before work on a product is completed.
PO Financing When a cash infusion is needed to quickly fulfill an order, lenders can cut a check for the inventory directly to the supplier. This money, plus a fee, is then debited from your account in equal payments over a set number of months and days. Inventory purchase loans can be expensive, but can help you complete a profitable order on short notice.
Common Goal Funding for Franchisor and Franchisee
Obsidian prides itself on working with franchisees and franchisor's. We help bring a common goal together through assisting franchisor's help their franchisees with obtaining higher profits through our membership programs. In return both the franchisee and franchisor's revenues grow increasing profitability for both. We also assist franchisor's with helping their future franchisees with obtaining sufficient capital to purchase their franchise territory. By utilizing one of our memberships, the franchisor obtains a new franchisee and the franchisee obtains the long term support they deserve from both Obsidian and the franchisor.
Working Capital designed with a plan.
When it comes to working capital or any type of capital for that matter, Obsidian is very unique. As you can see from the above chart, we break our clients down into 3 tiers. Depending on what tier you are in is going to determine what lenders you are submitted to. Since we underwrite every file before we submit you to a lender, we know what lenders you have the highest chance of the best approval amount, terms and rates will be. No matter your needs for working capital whether it be for Inventory, Marketing, Buying out a Partner, Paying off Vendors or Consolidating debts, we have the lenders and the programs designed to help your business succeed and grow.
Collateral Based Capital
Equipment & Other Assets Can Be Used as Collateral
Now depending on what tier you are in, there may be another great option for you to obtain better funding with lower rates and a bit longer term. That is through Collateral based lending where the lender lends based on your collateral such as Inventory, Equipment and Real Estate. Now this is also great if you are looking to purchase equipment. The reason for that is yes your rate may be a tad bit higher than what your bank will provide, however you can qualify with your business credit and not have to provide a personal guarantee. This tradeline also reports to your business credit report and not your personal credit lowering your score due to the added debt load. Our goal is to help protect our clients through risk assessment, while also providing them the best solutions to grow their business and that is why asset based lending is one of our several options.
SBA Financing options for all your business needs!
Obsidian offers several different SBA funding programs designed for your business needs and qualifications. From general small business loans also known as a SBA 7(a) loan which is the SBA's most common program is a specific program designed for businesses with special requirements. CDC and 504 loans are also available for your business.
How we do it?
- We work with contractors across the country
- We understand what Contractors need
- We understand the value of what technology can bring your business
- We have over 150 lending partners and growing
- We have the right partnerships to drastically improve your performance
Why we do it?
To help contractors across the nation THRIVE vs. SURVIVE.
We have a deep passion to helping hard working entrepreneurs build something of great value while giving them their time and freedom back.We believe that every contractor or home improvement business owner along with staff deserve a fighting change to grow not at the business level but personally as well.
If you want to receive messages with latest updates, newest technologies, tipsand outstanding tools, please do not forget to give your e-mail address below
Put your e-mail address:[contact-form-7 id="498" title="Newsletter"]