Working Capital Advances:
A working capital advance is not a business loan but, is considered a capital advance based on the volume of your business receivables. Laromacorp Funding gets paid back by taking a portion of your future business revenue either daily or weekly. You can get approved within 24 hours with very little paperwork and Laromacorp Funding will give your business an upfront, lump sum of cash!
Term Loans:
A business term loan is a lump sum of capital that you pay back with regular monthly repayments at a fixed interest rate. The terms can range from 12-36 months and with Laromacorp Funding-no collateral is needed. Term loans are good for acquisitions, internal growth, leveraged buyout, all other expansion purposes.
Lines of Credit:
Laromacorp Funding is proud to offer clients our unsecured credit line loan program with no collateral needed. This program is for anyone. You may use the funds however you wish with no restrictions. To get pre-qualified, all you or a cosigner needs is a 600+ FICO credit score and an average of $30k per month in gross business revenue!
Equipment Financing:
We guide our clients through options to help them keep the cash they need protected. A brief one page application will allow one of our representatives to secure the approval necessary for equipment with no upfront fees and deferred payments. Lease approvals in 24 – 48 hours with minimal paperwork for new and used equipment from the vendor of your choice.