From citrus groves to air cargo
Ontario, in southwestern San Bernardino County, was incorporated in 1891 and named for Ontario, Canada. Its early economy ran on its reputation as a health resort, then on lemon and orange groves, vineyards and olives; the Graber Olive House is still producing and is a city historical landmark. Dairy farming remains common, as it is next door in Chino.
Today Wikipedia describes Ontario International Airport as one of the busiest cargo airports in the country, and the city lies 35 miles east of downtown Los Angeles. That puts a lot of small companies in a supporting role: packaging, repair, staffing, food service, fleet upkeep and wholesale for larger shippers and distributors.
The slow-payer problem
Supporting bigger customers usually means waiting on them. You buy materials and pay your crew this week; the invoice clears weeks later. A business loan can bridge that gap, but only if the gap is temporary. If the same customer always pays late, the shortfall comes back every month, and a recurring need is often better matched by a revolving line of credit.
For illustration only: a pallet repair shop lands a contract that needs $40,000 of lumber and two added workers up front, with the first payment due 45 days after delivery. A fixed loan sized to that ramp-up, paid from the contract revenue that follows, is a reasonable use. Borrowing $150,000 "just in case" is not.
Three questions to answer before you apply
1. What exactly does the money buy?
Name the line items. Material, payroll for a ramp, a vehicle, a deposit on space.
2. When does it pay itself back?
Tie the request to the revenue it creates or protects, and to the date that revenue lands.
3. What happens in a bad month?
Look at your weakest month in the last three. If the payment would have broken that month, shrink the request.
What we review and what we offer
Funding ranges from $25,000 to $5,000,000 and can be funded in as little as 24 hours. We review about three months of business bank statements, consider FICO 500 and above, use a soft credit pull and do not require tax returns. The application takes about five minutes, and sole proprietors can apply.
If a machine or truck is the purchase, compare equipment financing. If revenue swings with volume, look at revenue-based financing or a merchant cash advance. Industry pages cover restaurants, retail, healthcare and construction. Credit concerns: bad-credit options. New business: startup loans. Already carrying advances: MCA relief.