Specialty Capital
Specialty Capital provides diverse small business funding options, including Revenue Based Financing and Multi-Draw Advances, tailored to businesses with stable revenues, irrespective of credit history.
Services
Specialty Capital offers a variety of small business funding options. These include Revenue Based Financing, Prepayment Discounts, and Multi-Draw Advances. The company focuses on providing flexible financial solutions to meet diverse business needs. Their prepayment discounts help reduce financing costs, and the multi-draw advances act like a revolving line of credit, offering businesses flexible access to capital.
Tailored Financing Approach
Specialty Capital employs a tailored, holistic approach to financing. This allows for funding approvals based on four months of stable or increasing revenue, regardless of the credit score or history of the business owner. This approach is designed to support businesses that might not qualify for traditional funding due to past credit issues but demonstrate a stable financial performance.
Prepayment Discounts
Specialty Capital provides industry-leading prepayment discounts to help businesses reduce their financing costs. These discounts are structured to incentivize early repayment, thereby lowering the overall cost of capital for the business. This option is particularly beneficial for businesses that anticipate higher cash flows in the future and want to minimize their interest expenses.
Location
Specialty Capital is located at 68-60 Austin Street, Suite 603, Queens, NY 11375. This central location allows them to conveniently serve a wide range of businesses in the area. The office setup is designed to facilitate consultations and streamline the financing process for small business owners.
Qualification Criteria
The minimum qualification criteria for funding from Specialty Capital include annual revenue greater than $250,000, a time in business of at least 1 year, and a Fico Score of 550 or greater. These criteria ensure that businesses receiving funding have a proven track record and a basic level of financial health, making them suitable candidates for the various funding options provided by Specialty Capital.