Home Jersey finance news VIP Capital funding provides EIDL funds and merchant money

VIP Capital funding provides EIDL funds and merchant money

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Raleigh, North Carolina, Oct. 29, 2021 (GLOBE NEWSWIRE) —
Owner and Senior Executive Managing Partner of VIP Capital Funding: Joshua E Triplett

Amid the deadly impact of the coronavirus on the global economy, VIP Capital Funding is offering its relentless support to several companies nationwide. The leading fintech company makes EIDL funds and merchant cash advances easier and faster for small and medium businesses.

These financial products are offered by their knowledgeable team of experts under the able leadership of the CEO of the company, Mr. Joshua E Triplett. Together, they help accelerate growth and cash flow for small and medium-sized businesses through simple, consultative approaches.

How do EIDL funds help small businesses?

According to the CEO, “Disaster Economic Injury Loan” or EIDL funds benefit businesses in a variety of industries, including working capital, inventory, materials, payroll, and more.

“This also includes financing business owners with MCAs or merchant cash advances. These financing solutions aim to serve as a symbiotic and mutually beneficial combination to meet working capital needs during these uncertain times,” added Mr. Triplett.

How does MCA promise to provide incredible financial support?

VIP Capital Funding helps business owners by first understanding their needs. Following this, their experienced consultants provide the most suitable suggestion for owners to take advantage of the capital by making a bulk purchase at a discount and using the MCA funds as a bridge before the EIDL advance is sanctioned.

It should be noted that MCA is revolving capital designed to mutually benefit all parties involved. Due to the total sanctioned capital, MCAs will prove advantageous in covering past and future MCA debts of owners, while companies await funds from EIDL. The fund is designed to help with bulk discounts for inventory, materials, marketing, etc. It additionally offers tax benefits and negates the cost of capital with prepayment discounts.

VIP Capital Funding additionally provides one of the fastest approvals within 24-48 hours. The repayment period depends on the owner’s turnover on the investment to make a profit.

Can this be explained by a case study?

Two excellent examples from Mr. Joshua E Triplett clearly explain the benefits. If a business owner commits an investment that has a 3 month lead time to make a profit, it would be beneficial for him to have a 5-6 month lead time. Also, the amount depends on the cash flow of the business instead of the credit rating. Similarly, a repayment term of 8-10 months would be ideal for a 6-month turnaround time to make a profit.

How does MCA score better than traditional loans?

Business owners generally believe that bank loans are the best possible option, which is not always the case. Traditional loans come with multiple stipulations and take 30-90 calendar days for approval.

If statistics are taken into account, business owners only have a 5% chance of approval, after a lot of wasted time, effort and energy. MCA funding brings about a 90% chance of approval if business owners make a monthly deposit of at least $25,000 and hold a credit score of at least 590. VIP Capital Funding sanctions funding incredibly quickly.

Again, some of the difficulties with traditional bank loans are long approval time, low chances of financing, prepayment penalties, etc. required for a traditional bank loan at $100,000 – $200,000. As it uses all the funds, there will be prepayment penalties and no renewals.

On the contrary, if owners take an MCA of $100,000 to $200,000 for 3-6 months from VIP Capital Funding, they can repay the loan without prepayment penalties and enjoy prepayment reduction benefits. The fintech company will help secure the renewal of the advance once the owner is ready to reinvest for their capital needs.

What is VIP Capital Funding’s suggestion to its clients?

VIP Capital Funding strongly recommends that business owners make their decisions based on ROI or ROI and ensure that they are making a profit. Promising to be a reliable fintech company, they want to ensure that every injection of capital benefits all associated parties. This approach will simultaneously help the company successfully retain several long-term clients who earn between $200,000 and $30,000,000 per year.

What is VIP Equity Funding?

VIP Capital Funding is a reputable fintech company with 20 exceptionally skilled financial consultants. The company is dedicated to providing and empowering small businesses with smart financing solutions. They are renowned for offering innovative products and services, fast processing of funds, and building long-term client relationships.

Contact details:

Joshua E Triplett: LinkedIn and Twitter handles

VIP Capital Financing:

Website: https://vipcapitalfunding.com/

Office phone: 800-735-7754

E-mail: [email protected]

Carlos Hernandez, Senior Vice President

Direct: 919-300-0203

E-mail: [email protected]

Cheynne Chong, Chief Financial Officer

Direct: 919-521-8451

E-mail: [email protected]

Kenneth Lewis, Chief Financial Officer

Direct: (725) 212-1278

E-mail: [email protected]

There is no offer to sell, no solicitation of an offer to buy, and no endorsement of security or any other product or service in this article. Further, nothing in this PR should be construed as a recommendation to buy, sell or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether an investment, investment strategy, security or related transaction is suitable for you based on your investment objectives, financial situation and risk tolerance. Consult your business advisor, attorney or tax advisor regarding your specific business, legal or tax situation.