Why Choose Packer Brook Consulting for Your Capital Needs?
At Packer Brook Consulting, we specialize in helping businesses that have faced challenges in securing credit or access to capital. We believe that every business deserves a chance to thrive, regardless of past credit challenges. Our dedicated team is here to turn your obstacles into opportunities, helping you access the capital you need to succeed.
Our Methodology
To get started, we begin by gaining a full understanding of your unique situation. From there, we conduct a thorough review of your business’s financial history, credit reports, and funding requests to identify the specific reasons for any previous funding denials. Finally, we tailor a strategy that we will present to our partner lenders that will get you the funding you need for your business.
Tailored Solutions
Rather than applying a one-size-fits-all approach, we design strategies that cater to your unique circumstances. For example, if cash flow issues are a concern, we might recommend alternative financing options or cost management strategies.
Access to Capital
Small Business Adminstration Loans
- Small Business Administration (SBA) loans are government-backed loans designed to support small businesses in accessing capital. These loans typically offer lower interest rates and longer repayment terms compared to conventional loans.
- SBA loans often come with lower down payments and longer repayment periods, making them more manageable for small businesses.
- Our team is well-versed in SBA guidelines and requirements. We provide detailed guidance to ensure that your application meets all necessary criteria, which increases your chances of approval.
Secured and Unsecured Lines of Credit
- We understand the importance of having access to cash when you need it.
- We specialize in helping our clients secure both secured and unsecured lines of credit, providing immediate financial flexibility for personal and business needs.
- Some of the benefits of having a line of credit include immediate access to cash, enhanced buying power and cash flow management.
- Lines of credit can help bridge temporary cash shortfalls, ensuring that businesses can meet their obligations without delay.
Asset-Based Financing: Equipment Loans
- We understand that acquiring new equipment is crucial for the growth and efficiency of your business. Asset-based financing, particularly equipment loans, can provide you with the necessary funds to secure the machinery and tools you need without straining your cash flow.
- Equipment financing involves borrowing funds specifically to purchase business equipment. The equipment itself serves as collateral for the loan. This can include machinery, vehicles, computers, and any other assets essential for your business operations.
- Equipment loans allow you to acquire necessary assets without requiring a large upfront payment. This preserves your working capital for other critical business expenses.
- Lenders often finance a percentage of the equipment’s cost, usually between 80% to 100%.
- Equipment loans often come with flexible repayment options tailored to your business’s cash flow cycle, making it easier to manage monthly payments.
- Our team has extensive experience in asset-based financing and can guide you through the process of securing equipment loans tailored to your business needs.
Invoice Financing
- We understand that managing cash flow can be challenging, especially when waiting for customer payments. Invoice financing is an effective solution that allows businesses to obtain immediate capital by selling their receivables to our invoice factoring partners.
- When you sell your invoices to a factoring partner, you typically receive a percentage of the invoice amount upfront (usually 70-90%). The factoring company then collects the full amount from your customers.
- This immediate cash can be used to pay suppliers, cover operating expenses, or invest in growth opportunities without waiting for customer payments to arrive.
- Our team has in-depth knowledge of the invoice financing landscape and can help you navigate the process smoothly.
- We have established relationships with reliable invoice factoring partners, ensuring you get favorable terms and quick funding.
Home Equity Line of Credit
- A Home Equity Line of Credit (HELOC) enables homeowners to leverage their home equity to access funds to cover expenses, such as home improvements, education, or emergency costs.
- A HELOC functions much like a credit card, allowing you to withdraw, repay, and borrow again, offering continuous access to financing as you need it.
- Repayment options can be tailored to fit your financial situation, allowing you to choose between weekly or monthly repayment schedules.
Payment Processing
- We partner with trusted service providers to empower small businesses to accept various payment methods, including credit and debit cards, as well as other electronic payments.
- These payment processors oversee the entire transaction process, ensuring smooth customer payments and timely deposits of funds into the business’s account.
Credit Repair Services
If your business has been denied credit, we can help you repair and rebuild your credit profile—so you can regain financial stability and unlock new opportunities for growth. Our Services Include:
- Credit Evaluation: Comprehensive assessment of your personal and business credit reports to identify inaccuracies or negative items that may be affecting your creditworthiness.
- Dispute Guidance: Step-by-step advice on how to dispute errors found in your credit reports, ensuring compliance with credit reporting laws.
- Correspondence Preparation: We prepare and send dispute letters and follow-up correspondence to credit bureaus and creditors on your behalf.
- Credit Profile Review: Detailed analysis of your personal credit scores and reports from major agencies (Experian, Equifax, TransUnion), along with a review of your business credit profile through Dun & Bradstreet.