Financing Alternatives
Asset Based Loan
Nona Financial specializes in providing asset based financing from $500,000 to $10 million for manufacturers, wholesalers, distributors and service providers throughout the United States. Companies unable to secure traditional bank financing, or out of covenant with their current banks, look to Nona
to provide the working capital they need to fund growth, expand into new markets, increase buying power and take advantage of vendor discounts and rebates.
Receivables Factoring
Receivable Factoring is the selling of the business's accounts receivable to a bank or finance company. The bank or finance company pays the business Receivable Factoring is the selling of the business's accounts receivable to a bank or finance company. The bank or finance company pays the business a percentage of the value of the accounts receivable and deducts a fee for the cost of collections from the remaining balance when received. One way to look at factoring is that a business is out sourcing its receivables collections process while collecting it's cash upon invoicing.
Purchase Order or Trade Financing
Purchase Order Financing, also known as trade financing allows firms to fulfill sales opportunities that are beyond their current capital resources by providing financing up to 100% of the cost of pre-sold inventory. The steps to purchase order financing are: get a purchase order from a credit worthy customer; find a reliable supplier for the products, and lastly place the order with the supplier. It is a great solution when cash flow reserves are low. PO Financing frees up cash for critical business expenses.
SBA Loans
Loan amounts from $500,000 to $5,000,000 for the following: Owner-occupied commercial real estate, machinery and equipment, business acquisition and partner buyout, Franchise finance and working capital. We can offer long term repayment terms and low down payments.
Inventory Financing
A line of credit or short term loan made to a company so it can purchase products for sale. Those products serve as collateral for the loan. Inventory financing is especially useful for businesses that must pay their suppliers in a shorter period of time than it takes them to sell their inventory to their customers. It also provides a solution for seasonal fluctuations in cash flows and can help a business achieve a higher sales volume - for example, by allowing a business to acquire extra inventory to sell during a holiday season.
Machinery and equipment Financing
Our affiliates are the leading private, independent commercial finance companies in North America, Nona Financial is proud to serve the following industries with innovative, tailored equipment finance solutions:
- Transportation
- Industrial
- Construction
We understand the landscape of cash flow, balance sheets and credit requirements. We mesh that with a deep understanding of your specific industry – and we work with you to understand your business needs. Because of our understanding of the multitude of equipment finance options available, we can bring you the best term, structure, and finance options to suit your particular needs. At Nona Financial we move financing forward by raising the bar on service expectations and support in the financial arena. Contact Nona Financial to move your Financing Forward.
"Air Balls", 2nd Lien Financings
Nona can provide first and second lien loans and is often able to structure a financing that is complementary to an existing credit facility. We provide covenant light working capital, growth capital, acquisition capital or special situation financing, with terms that range from 12 to 48 months and loans up to $5,000,000.
Merchant Cash Advance
Borrowing cash typically to meet day-to-day operations or acquisitions. Reasons for needing a Merchant Cash Advance could be seasonal demand changes, business expansion or changes in the business cycle. We can provide advances from $10,000 to $500,000 in as few as 3 business days.
Export Factoring
Nona can offer Factoring for your exports. After checking the creditworthiness of your international customers all over the world, we buy your receivables from your export business and pay you the amount immediately upon the loading of your goods. At the same time, we will handle the complete management of your accounts receivable as well as the complete dunning process, as an additional service. In case your customer cannot pay due to insolvency, we offer full protection against deficit or shortfall of the payment.
Mortgages for Residential Investment and Commercial Properties
Our alternative asset-based mortgage programs are designed for self-employed real estate investors and small business owners
- 1-4 Unit Non-owner-occupied residential properties
- Multifamily, Mixed use, Office, Retail, Warehouse, Self-Storage, Automotive
- 30 year fixed and short-term IO options
- Up to 75% LTV (Purchase, Rate and Term, Cash-Out Refi)
- No DTI or DSCR requirements
- No seasoning of down payment funds
- Flexible Underwriting Guidelines
- short -term interest-only loans for acquiring and improving a property