Business Loans in Massachusetts

For business owners, Potomac Mutual Trust is a valuable resource offering flexibility in allocating funds to address diverse needs. Whether you're facing unexpected expenses like equipment repairs or need to purchase inventory, these loans provide timely access to capital. We empower you to seize expansion opportunities by opening new locations or investing in marketing campaigns.

Additionally, business loans help you manage cash flow fluctuations, ensuring smooth operations during lean periods. By providing quick access to funds and flexibility in usage, these loans play a crucial role in supporting your business growth and sustainability.

The most popular request from small business owners is a business term loan. Business term loans offer cash upfront, with a fixed term, fixed interest rate, and a fixed payment. Good for emergency funding if you have good credit and a healthy bank account. A short-term loan may allow for some credit issues vs. traditional business loans. Receive funds same business day from an online lender.

• Lump sum of money upfront
• Fixed rate and terms
• Fixed payments
• Streamlined application process

Business Capital is crucial in maintaining the day-to-day operations of a business. Designed for short-term or long-term needs, these loans can be pivotal when your business requires a cash flow injection to cover operational costs such as payroll, rent, or other urgent expenses.

Features:

1. Loans are often unsecured, not requiring collateral, which is less risky for business assets.
2. Repayment periods are typically short, aligning with the immediate need for cash and rapid turnover.
3. Versatile usage for any operational expenses.
4. Quick application and funding process, with some lenders offering same-day funding.
5. Varying loan types under working capital such as overdrafts, invoice discounting, and business credit cards.

Benefits:

• Tailor-made for meeting exigent business costs.
• Can smooth out the cash flow fluctuations of seasonal businesses.
• Helps keep the business running during unexpected financial shortfalls.
• Frees up cash for businesses awaiting customer payments.
• Facilitates opportunity seizing, such as bulk-buying inventory at a discount

• Repayment terms: No term limits. Estimated payback periods are 6 to 18 months, tailored to accommodate the sometimes-volatile cash flow of retail businesses and other inventory-dependent companies.
• Fees: Typically 1% to 3% Origination Fees, which is relatively minimal considering the speed and flexibility of the lending process.
• Payment Terms: Set percentage of future card sales volumes as payment, which aligns seamlessly with businesses already working closely with credit card processors.
• Business Credit Standards: Both business owners' personal credit score and business credit are evaluated by MCA providers. All business credit types from poor credit to good credit to Excellent credit are considered. Not a business credit score-driven, so personal credit bureaus can show poor credit.
• Documents: One-page Application,  and business bank statements to get a merchant cash advance offer

What are the Most Common Uses of Business Rescue Funding?

• Cash Flow - Helps balance out cash flow in a tight revenue vs. expenses scenario.
• Working Capital - Covers all basic immediate needs of a business whether a purchase or expense issue.
• Advertising and Marketing - Advertising costs related to customer acquisition can be managed with the strategic use of emergency business loans for a targeted approach.
• Repairs - Equipment breakdowns, facility repairs, and other repair needs are unexpected expenses that lending options can swiftly address.
• Inventory & Supplies - Capital to replenish inventory and supply to meet customer demand is essential, and quick access to funds through an emergency loan can be crucial.
• Payroll - Emergency payroll issues due to lack of cash reserves in a business bank account can disrupt operations, but ample lending options provide a safety net.
• General Emergencies - Cash infusions due to extenuating circumstances or an unexpected crisis are facilitated by emergency loans which are vital for business continuity.
• Accounts Receivable Issues - Sometimes clients/customers don't pay invoices on time causing a cash reserve crunch; lending options can offer the necessary bridge funding.