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PLATINUM1 FINANCIAL

is a provider of financial business services. Our highly professional team provides solutions and ideas to business owners.  Platinum1 Financial is always there to provide any help and valuable advice our customers may need. We treat our customers as partners, so they decide how extensive our services should be.

 
The purpose of Platinum1 Financial is to provide our customers alternative working capital while ensuring good values and commitment that build long-term partner relationships. We have several options by which businesses can obtain alternative working capital for expansion, inventory, or other business needs.  Our goal is to provide our customers with superior service that builds a long term relationship. 

 

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ABOUT BUSINESS CASH ADVANCE
  

A Business  Cash Advance is an "UNSECURED ADVANCE" that allows a business owner to borrow cash against their average monthly credit card sales and cash flow. The funds are paid back via an automated process by which the lender retrieves a fixed percentage from the credit car sales of the business. Business Cash Advance guidelines are less stringent but are usually more expensive when compared to a traditional bank loan. They are for businesses that need the money fast and are willing to pay a higher rate for it.  Typically business owners will pay a one-time fee that varies between 19% - 48% of the advance amount, with payback between 6 -12 months.


Example:
$10,000 Advance; Purchase Price: $1,900; Total Payback: $11,900 (Best Case)  

$10,000 Advance; Purchase Price: $3,000; Total Payback: $13,000 (6 Months)

$10,000 Advance; Purchase Price: $4,800; Total Payback: $14,800 (8 Months)

Our program offers a fast and convenient way for business owners to get the cash they need to run their company. It is not a typical business loan, which means no checks to write, no interest rate, no fixed monthly payments, and none of the restrictions/excessive documentation typically associated with a bank loan.

 

Approval rates are much higher than a bank loan and funds are typically wired to your business account within 10 business days. Repayment is based on a small fixed percentage of your future Visa and MasterCard receipts until the pre determined payback amount is satisfied. We get paid as you get paid thus helping you manage the cash flow of your business, especially during slower months.

 

Qualifying for a business loan in today's economy is difficult. A typical business loan involves many hurdles for a small business owner, including: excessive paperwork, a lengthy approval process, low approval rates, collateral and personal guarantees for security, fixed monthly payments, and restrictions related to use of funds.

 

By comparison, our business cash advance offers a streamlined process that provides a simple one page application and immediate unsecured funding from $5,000-$500,000. You will further benefit from high approval rates, minimal credit requirements, and a flexible repayment process that is directly tied to your business' sales volume. All of these features provide you with immediate access to funds that you can use for any business purpose.