WE SPECIALIZE IN WORKING CAPITAL LOANS FOR COMPANIES OF ALL SIZES!
Boom working capital loans help you manage, fund and grow your business. Our working capital program can help you open a new location, hiring of new staff, marketing campaigns, buy equipment in bulk, upgrade/invest in your technology, buy a residual portfolio, partnership buyout or buyout a sub agent residual stream.
WHY YOU NEED A WORKING CAPITAL LOAN
What exactly is a working capital loan? This is a type of financing for businesses designed to cover everyday expenses such as rent or payroll as opposed to longer term investments such as equipment and machinery. You need working capital to grow your business from the ground up. Use our working capital loans to make sure you are covered on a day-to-day basis, giving you peace of mind and room to grow.
You may know you need a business loan, but a regular business term loan won’t cut it. You don’t have the time to waste on traditional loan approval and you don’t need the money for a big one-time investment such as machinery or an office addition. What you do need cash for is to cover your day-to-day expenses and smaller investments.
On top of that, you don’t want to deal with the strict payment schedules that come with a business term loan. What you need is a working capital loan. These differ from other business loans. They are easier to obtain, meant for smaller amounts and may be just what you need to take your business to the next level.
Who Qualifies for a Working Capital Loan?
COMPANY SIZE
ISO: Minimum monthly residual of $10,00.
MSP, ISV or VAR: Minimum monthly recurring revenue $100,000.
FOCUS
Financing based on Monthly Recurring Revenue.
12, 24, 36 and 48 month amortizing loans.
Working capital financing in 3-5 business days.
INVESTMENT SIZE
$100,000 to $5,000,000 per loan.
Our working capital loans require that you have a recurring residual revenue stream from a payment processor or ISO and can provide business bank statements reflecting steady revenues. Qualifying for funding with Boom is easier than jumping through the hoops required to get a traditional bank loan. With us, business financing is fast, takes less paperwork and is even available to business owners with poor credit.
Our team has provided over $100,000,000 in working capital to ISO’s, MSP, ISV’s and SaaS companies of all sizes.
Sell Your Portfolio
The management team at Boom Commerce has been involved in over 100 acquisitions of businesses and residual portfolio buyouts from all the processors and many of the largest ISOs in the country. Our portfolio purchases range in size and complexity from one time events involving a single portfolio to multiple transactions over an extended period that allows sellers to stagger transactions into multiple tax years.
If you are interested in hearing the options for loans to secure against your portfolio then we should discuss the options there are for you. Contact us today for a free consultation and find out how much of a loan you can qualify for or to discuss the value of your portfolio residual at sales@boomcommerce.com.