At the heart of Philadelphia’s economy, you will find small businesses spanning every industry, from mom and pop shops to innovative startups, franchises, trucking companies, family doctors, small manufacturers, and everything in between. The one thing all small businesses have in common is the need for accessible business financing. Monterey Commercial Capital provides a variety of funding solutions to help businesses get the capital they need to maintain and grow their operations in Philadelphia, PA. Small businesses throughout Philadelphia can use our working capital solutions for a number of purposes, such as: 

• Acquiring or upgrading equipment
• Covering overhead
• Hiring employees
• Improving purchasing power
• Launching marketing campaigns
• Making payroll
• Paying down utilities, loans, and other obligations
• Purchasing assets, inventory, supplies, and raw materials
• Rolling out new products and services
• Taking advantage of growth opportunities

Merchant Cash Advances for Small Businesses in Philadelphia, PA

Monterey Commercial Capital offers merchant cash advances to small businesses in Philadelphia that want a flexible source of working capital without the burden of debt. Our merchant cash advances are an injection of working capital based on future sales, so no collateral is required. Instead of fixed payments, the balance is repaid from a small percentage of credit card sales receipts, so businesses in Philadelphia can maintain a healthy cash flow. Merchant cash advances for small businesses in Philadelphia offer the following benefits: 

• Working capital advances up to $200,000 for each business location
• No collateral required
• Flexible payment methods
• No fixed payments, application fees, or closing costs
• Minimal paperwork to qualify
• No prepayment penalties
• Financing available in as fast as 7 days

Our merchant cash advances can be repaid from sales when customers use major credit card brands, such as:

• American Express
• Discover
• MasterCard
• Visa

Unsecured Business Lines of Credit for Entrepreneurs in Philadelphia, PA

One of the biggest hurdles facing small businesses in Philadelphia is getting access to working capital. Traditional lenders and credit providers require collateral, which often pushed new and existing small businesses to the sidelines. At Monterey Commercial Capital, we offer lines of credit to small businesses in Philadelphia without any collateral requirements. This allows new and existing small businesses to access the working capital they need to improve their purchasing power. Our unsecured lines of credit provide discretionary capital, so local businesses can use them for equipment, supplies, inventory, marketing, or anything else they need. Unsecured lines of credit from Monterey Commercial Capital offer the following benefits to small businesses in Philadelphia, PA:

• Unsecured lines of credit from $25,000 to $50,000 for startups and new businesses
• Unsecured lines of credit up to $500,000 and above for established businesses
• Low interest rates
• No subprime loans
• Revolving and non-revolving options
• Attractive introductory offers
• Up to 5% over prime for large lines of credit
• No collateral required as long as other qualifications are met
• Fast prequalifications