A start-up city
Wikipedia notes that Irvine has been rated one of the top cities for start-up businesses and that several technology and semiconductor companies keep their headquarters there. The city is home to the University of California, Irvine, Concordia University, Irvine Valley College, and campuses of the University of La Verne and Pepperdine. The City of Irvine runs Destination Irvine to promote the city for visits, meetings and events, and the city is also used as a film location.
The small businesses that follow: software consultancies, contract engineers, labs' suppliers, clinics, event caterers, hotels' vendors, and the restaurants and retailers serving campuses and office parks.
Growth is a cash problem
A young services firm that lands a bigger client often has to hire before the first invoice is paid. A caterer booked for a large conference buys food and staff time weeks before settlement. In both cases, a strong month on paper can coincide with an empty bank account. That is the situation where owners start searching for same-day money.
What a reviewer needs from an Irvine file
- About three months of business bank statements. Complete PDFs, from the account where client payments land.
- Separated finances. Founders who run expenses through personal cards should explain the setup.
- Context on lumpy revenue. Retainers, milestone payments and event deposits each look different. Say which you have.
- A responsive owner. One unanswered question can add a day.
The application takes about five minutes; the credit check is a soft pull and no tax returns are required. Complete files can be funded in as little as 24 hours. We don't promise same-day funding.
Illustration: the new client
For illustration only, with round numbers that are not our terms: an Irvine IT consultancy signs a client worth $25,000 a month, payable 45 days after each month's work. It needs $55,000 to hire two engineers now. Its statements show steady retainer deposits from existing clients. With the new contract in hand and statements complete, the file reads clearly. The owner's test: once the client pays, does the margin cover the funding comfortably?
Other Irvine options
New companies can compare startup business loans and revenue-based financing. Recurring payroll gaps may suit a line of credit or working capital; larger planned purchases may fit term loans or equipment financing. Card-based businesses can look at a merchant cash advance. All options are on the Irvine funding page.