BB Capital is a private lender founded in 2013 to help small businesses like yours expand operations, tackle new projects, and succeed in an increasingly competitive marketplace. After the great recession we all saw the credit markets dry up, leaving small businesses all around the country with very limited options when trying to raise the capital they needed to successfully run their business. At that time, and largely still now, small businesses had only 2 options to choose from; SBA Loans or Merchant Cash Advance Loans.
While SBA Loans are a great for small businesses, the paperwork involved, as well as the strict lending criteria, make it very difficult for most businesses to qualify. Merchant Cash Advance loans, although relatively easy to obtain, will cost you an APR of anywhere between 30% – 50%, as well as put a tremendous strain your future cash flows through daily auto-debits from your credit card processing batches.
Because of this void in the marketplace, and we stepped in to help ordinary business owners just like you make sure that you had the necessary capital to make your business not just run, but to grow.
As a private lender, we are flexible in our ability to structure loan programs and solutions that will fit your business needs. Our loans are typically made at competitive interest rates between 10% – 15%, which, although higher than traditional SBA loans, are only a fraction of the rates that Merchant Cash Advance Loans charge. We can do this through smart detailed underwriting, by getting to know your business and coming up with a loan product and payment schedule that will allow you to succeed without extensively stressing your future business cash flow needs. The way we see it, you need to find the right loan so that you can best utilize the money to grow your business, without crippling your ability to repay. In other words, when you succeed, we succeed.
Your business deserves the opportunity to be even greater than it already is. Let BB Capital help you do that.