Industrial parks in a young city
Santa Clarita incorporated in 1987, and the Newhall Land and Farming Company played a major role in how it developed. The Valencia Industrial Center is the largest business park in the Santa Clarita Valley, stretching toward the I-5/CA-126 interchange and housing offices of Advanced Bionics, Aerospace Dynamics International, Woodward and others. Other industrial areas include Saugus Station, Valencia Corporate Center, Needham Ranch and Vista Canyon. Companies based in the city include Princess Cruises, Honda Performance Development and Precision Dynamics Corporation.
Aerospace, medical device and precision manufacturing suppliers live on purchase orders and inspection schedules. A single delayed payment can leave a shop short on payroll even when its order book is full.
What fast means
We do not promise same-day funding. Approved files are funded in as little as 24 hours. Getting there depends on a five-minute application, a soft credit pull and about three months of business bank statements; there are no tax returns to collect. Funding ranges from $25,000 to $5,000,000, FICO 500+ is considered, and sole proprietors can apply.
For illustration: a precision machining shop
A shop in the Valencia Industrial Center wins a rush order for aerospace fittings. Material and tooling come to about $65,000; the customer pays 45 days after delivery and inspection. (Illustrative numbers, not our terms.) The shop can bridge with working capital for the material and look at equipment financing for any new machine it buys to handle the volume.
Choosing the shape of the money
| If your need is | Consider |
|---|---|
| A one-time gap with a known payback date | Working capital |
| A planned project with fixed payments | Term loans |
| Recurring short gaps | Line of credit |
| Payments that flex with sales | Revenue-based financing |
| Card-heavy retail or food | Merchant cash advance |
What slows a Santa Clarita file
- Statements pulled from the wrong account, such as a payroll-only account instead of the operating account
- A missing month, or pages left out of a PDF
- Existing advances or loans that are not listed up front
- Large customer deposits with no explanation
- An owner who is out on the shop floor and misses the reviewer's question until the next day
Each of these is easy to fix before you submit, and each one can add a day.
Shops, studios and students
The valley is also home to CalArts, The Master's University and College of the Canyons, which feed a steady customer base of students and staff for nearby cafes, print shops and studios. Those businesses tend to follow the academic calendar, with summer slowdowns. Note that pattern in your application so slower months are read correctly. Newer businesses can also review startup business loans.