Dallas – August 17, 2016 – Jet Business Loans, LLC (dba Jet Capital), an online financial services provider, is expanding its small business funding solutions to include the Baltimore area.
Jet’s entry into the Baltimore market is part of the latest phase of the small business capital provider’s nationwide roll out. When completed, Jet Capital will be able to offer its small business funding solutions to businesses throughout Maryland, as well as throughout the nation.
Jet is noted for its ability to offer qualified small businesses access to fast, flexible working capital, in as little as 24 hours. Jet is able to compress the funding timeline because of its leading proprietary technology and analytics-driven platform, which can analyze and evaluate applications in minutes.
Jet currently offers cash advances up to $100,000. With a cash advance, Jet purchases a portion of the business’s future revenues at a discount to get the business owner access to the working capital they need to grow today. More information about Jet Capital and its products is available at www.JetCapital.com.
Jet Capital offers 3 merchant cash advance products, each tailored to its customers’ unique business needs:
Core Merchant Cash Advance (MCA) ̶ Available to businesses that have been operating for a minimum of nine months and have gross monthly revenue of at least $10,000. Qualifying businesses can receive financing of up to $100,000 as soon as the next business day
Boost Merchant Cash Advance (MCA) ̶ This new program was developed for newer businesses that many banks and competitors have ignored. Businesses that are at least three months old and have gross monthly revenue of at least $5,000 could qualify to receive same-day funding of $2,500 - $5,000.
Pre-Fund Merchant Cash Advance (MCA) ̶ This new program offers well-qualified businesses up to 20 percent of their approved cash advance, up to a maximum of $10,000, as fast as the same day of application – no paperwork or documents required, with the remaining balance of the advance available as fast as the following business day. To qualify for this program, the business must be at least 24 months old, have a minimum monthly gross income of $10,000 and meet other qualifications.
For example, under the Pre-Fund Program, an established Baltimore business that is approved for a $25,000 cash advance can receive $5,000 as soon as the same business day based solely on their application. Then, after uploading a few documents, upon final approval, , the firm could receive the remaining balance of its approved advance ($20,000) as fast as the next business day.
“By expanding into Baltimore with these innovative funding options, we are able to bring our nearly 4 decades of financial services expertise, together with our leading technology platform to tailor fast, no hassle working capital solutions to Baltimore area small businesses,” said Kenneth Wardle, Jet Capital CEO. “We are finding that businesses universally recognize Jet Capital as an alternative to the time-consuming, often frustrating processes of conventional banks and other lenders.”
About Jet Capital
Headquartered in the Dallas-Fort Worth Metroplex, Jet Capital (Jet Business Loans, LLC) offers funding solutions to businesses in need of a fast and convenient source of additional working capital. Leveraging advanced analytics and proprietary technology, the company’s mission is to provide fast, innovative, responsible and hassle-free funding solutions for small business owners. Learn more at www.jetcapital.com.
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