Congratulations to Domenic Nardini securing and funding $350,000 to a growing $8mm revenue Market Research firm.
Funds were needed for some up coming projects and to pay off some short term cash advance debt.
This 4 year young firm had an offer & contract on the table for $500,000 for another cash advance. The total payback was over $725,000. 1.45 (.45 cents on the dollar) was the effective factor rate and cost over a one year term. After the initial consultation, Domenic felt confident this business would easily qualify for Amerifi’s featured 2-3 year term loan program with a significantly lower cost.
Just two weeks after the call, the final result was $350,000 funded term loan at 11.25% which saved this customer over $180,000 in interest and fees. These types of savings can be CRITICAL and VERY REAL for the businesses we work with.
Clients typically turn to Amerifi when they have a line of credit with the bank that is maxed out and they need more cash or they are not able to get a bank loan due to credit, time in business, insufficient collateral, and many other reasons the banks decline. Our clients may have an immediate need for cash to meet payroll, pay off a tax lien, gap late receivables, growth, purchase equipment and inventory or have an opportunity that they can leverage and take advantage of with fast cash…. This is where Amerifi delivers!
We specialize in helping businesses out of expensive cash advance products and into the more traditional ones (Term Loans & Lines of credit) We are able to produce term sheets in 24-48 hours and fund in less than a week!
This is just one of a long list of Amerifi’s satisfied clients. Amerifi is very active in working with clients with high cost daily and weekly payment loans and steering them in the right direction consolidating these when possible into more traditional like lower cost programs with monthly payments.