Private Credit to assist with any business need.
Our private credit advance helps you plan for a successful future. Get fast access to the working capital you need to grow your business.
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What is Private Credit?
Private Credit gives businesses fast access to working capital based on future credit card or other receivables so they can meet their business needs. This type of funding is an alternative form of financing that works by giving businesses upfront access to a lump sum in return for a portion of the future revenue receivables at a discounted price. This allows the payment timeline to be tailored to the flow of business sales.
To be approved for private credit, certain criteria must be met. Important qualifying factors are that the business must accept credit card payments or have other receivables.
At Block Equity, applying for private credit is fast and convenient. You can complete the application for your business through our online portal in just a few minutes. Our private credit amounts start at $5,000 and range up to $5,000,000.
Which Business Is Ideal for This Type of Small Business Financing?
Businesses that accept credit card payments and need fast access to capital funds are ideal candidates. Aside from having a simpler application process, private credit is designed to help businesses get flexible access to the working capital they need quickly. The reason private credit provides flexibility is that it has variable payments based on future revenue receivables.
If your business has high credit card sales, lots of receivables, or is seasonal, then private credit might be ideal.
An estimated completion date is calculated based on the estimated time it will take the business to deliver the receivables (which will vary based on the business’ performance). These estimated completion dates typically range between 3 months up to 18 months, but this is only an estimate.
Grow Your Business Fast With Private Credit. Your business only needs 4 important things to apply.
- A valid form of identification
- Business bank account number and routing
- Last four months of business bank statements
- Last four months of credit card processing statements
Private Credit FAQs
Private credit is a great option for businesses that accept credit cards, have lots of receivables, or are seasonal. It’s based on the businesses’ credit card sales or other receivables, so payments are flexible. If a business is looking for a higher financing amount and fixed payments, then a small business loan may be a better solution for the business.
How long your business needs working capital for can guide you towards the best option for your business. Private credit and lines of credit are the most flexible when it comes to shorter-term financing. Small business loans are great for long-term financing as your business may have up to 10 years to repay.
Lines of credit could be the best business financing option since, once approved, you have access to a pre-determined amount whenever your business needs it.
The timeline depends on the financing option and how quickly you provide the needed documents. In many cases, the process can move quickly once your application is complete, and we keep things clear and straightforward from start to finish.
No hidden fees means no surprises. We focus on being transparent about the terms and costs before you move forward, so you know what to expect and can make a confident decision.
Private Credit with Block Equity
At Block Equity, we’re dedicated to unlocking big potential for your small business. Consider us part of your team, helping your business grow with flexible financing solutions tailored to your business’ unique needs.
- Trusted by over three thousand small businesses
- Innovative funding technology that allows you to apply on any mobile, tablet, or computer device
- Team of actual business advisors who provide fast, simple, and trusted funding information
- A streamlined process for additional funding needs
Ready to see what your business qualifies for? Apply now and get a funding review from the Block Equity Group team.