Educational & Daycare Centers Choose Principis Capital for Their Financing
Teaching requires knowledge, enthusiasm, and above all: patience. But when you’re trying to run a business and have bills to pay, patience isn’t always a virtue or even a possibility. Maybe you’ve applied for a small business loan and been turned down, or you can’t afford to wait the weeks and weeks a bank loan would take to get you the capital you need. A merchant cash advance from Principis Capital offers a better way:
It’s Our Money – There’s No ‘Middle-man’
When you get an answer from us, you know it’s valid and that the funds will arrive in a short period of time.
Fast and Simple
Most of our customers receive a pre-qualification from us within 24 hours of submitting the 1-page application, and actually receive the money in their business bank account within 7 days. The process for obtaining a traditional small business loan from a bank could take several months. Learn how our cash advance underwriting process works!
Minimum Documentation and No Collateral Required
We’re not a bank, so we don’t require the same level of documentation. For example, unlike for traditional bank loans, you do not have to provide tax returns, financial statements, or physical collateral in order to obtain a business cash advance. We have a simple one-page application and only require 4 months of credit card processing statements and 2 months of bank statements.
Personal Credit Isn’t a Problem
We take many factors into consideration through our proprietary underwriting process, and we have funded thousands of merchants who have credit scores of under 500. Business loans often require a minimum FICO or credit score. Read how you can qualify for our business cash advance.
No Fixed Payment Schedules
A business cash advance isn’t a traditional loan. The advance is paid back as a percentage of your credit card sales. When business picks up, you pay back more and when business slows, you pay back less. Learn how our business cash advances work.
What Principis Capital Can Do for Your Business
Expanding minds takes energy and money, and different students have different needs. You may be able to plan a lesson, but you can’t plan everything about your business. On top of all the normal costs of doing business, you also have to be prepared for unexpected needs. One problem with a traditional bank loan is its inflexibility. When applying for a loan you may have to outline exactly how you intend to spend it, and banks’ strict payment deadlines don’t allow you to hold on to capital for uses you can’t anticipate. Here are just a few things you can use one of Principis Capital’s small business loan alternatives for:
- School supplies
- Safety equipment
- Computers and testing supplies
- Hiring new staff
- Insurance payments
- Expanding your advertising
- Buying out a partner
- Repairs, renovations, and expansion
- Opening a new location
- Any other needs
What Small Business Owners Are Saying About Us
I am the owner of two stores in San Francisco dealing in the sale of table linen, bedding, antiques, and Chinese artifacts, all imported from mainland China. I’ve been in business for over 25 years at the same locations. Principis Capital helped us when we needed fast financing; we had our money within 10 days! I was also surprised how fast I was able to rollover the financing, the process was done within one to two days at most.Mr. Joanel Albert, Director of Renewals, has helped us a great deal. Questions and answers were explained immediately. He has helped us a great deal, and that is one of the reasons we will be staying with Principis Capital.
You are the best! You have saved my business and once I am again in good shape, I will remember that it was you who put me there!
Our business is an upscale special occasion store in the heart of Maryland (Baltimore County) featuring designer label, Prom, Bridal, Pageant, Evening-wear, and Tuxedo Rentals. I have been in business 15 years.
The cash advance type of financing is great for our business because it allows quick access to funds based on our credit card receivables during peak and off-peak seasons allowing us to better manage cash flow. I’ve considered the traditional bank products (i.e. business loans, lines-of-credits) and the red tape is so discouraging. The cash advance is based on the money you actually make without the red tape and strict credit guidelines.I like the renewal process because it’s very convenient to make one call and speak to your account rep directly and feel like a partner not just another business because they know your business cycles and can recommend the best amount and payback time-frame for you with urgency and efficiency.
More than anything about Principis Capital, I like the customer service and personal feel I receiver from the staff.