WORKING CAPITAL THAT WORKS
If you need cash this week and have invoices as collateral, Summit’s small business loans can get you the money, fast. Our small business product is designed for loans up to $500,000 and can be provided within 3 days of application. We fast-track your funding, by hustling every detail. Without cutting corners, we fund your deal faster. After all, you shouldn’t be penalized for having a good track record, just because you need some quick cash. Let a Summit small business loan get you working capital now, when you need it.
SMALL BUSINESS LOAN HIGHLIGHTS
- Loans up to $500,000
- Provided within 3 days
- Fast-track process
Small Business Loans
Up to $500,000
90% of A/R
How Summit’S Small Business Loan Compares
Take a look at our offerings, and see how we can help. We offer small business loans up to $500,000, and a host of other working capital products to fit your needs.
How Summit’s Small Business Loan Compares
|Small Business Loan||Factoring||ABL||Inventory||Term||Stretch|
|Description||Receivables Purchase||Receivables Purchase||Borrowing Base Certificate||Add-on only||Add-on only||Structured Stretch Piece for Growth; Add-on only|
|Facility Limits||Up to $500,000||$100,000 – $4,000,000+||$100,000 – $4,000,000+||Up to $500,000||Up to $500,000||<$250,000|
|Advance Rates||Up to 90% of A/R||Up to 90% of A/R||Up to 85% of A/R||Up to 50% of Inventory Cost||Up to 60% of NOLV or 40% of Book Value||n/a|