Commercial Fishing and Fish Farm Financing
Finance for Commercial Fishing and Fish Farms
Commercial fishing and fish farming operations are unique and potentially quite lucrative. Unfortunately, their inherently risky nature, bad personal credit on the part of business owners, or outstanding loans can create extenuating difficulties for those trying to obtain business loans in order to finance essential purchases. Buying permits, boat repair, fuel costs and equipment, while necessary, can be costly for a commercial fishing or hatchery business and may necessitate infusions of liquid cash.
As a fishing business owner, you want funding that will be available for use within as little as 48 hours, without restrictions on what you can use it for, and without having to leverage your boat or equipment as collateral.
Perhaps you are worried that bad credit will prevent you from getting an unsecured loan, or have been turned away before? Maybe you have a clean credit report but are not able to wait for financing you need as soon as possible in order to purchase a new boat or tanks. Horizon Business Funding can help you without putting your valuable assets at risk.
Traditional business loans can take over a month to approve while banks do due diligence. These types of loans can be secured against your property, meaning that in a worst case scenario you lose your equipment or receivables. At Horizon Business Funding, we offer alternatives to traditional bank loans that make sense for commercial fishing and fish farming operations and take the nature of the industry into account.
Merchant cash advance options for fishing businesses.
In the spirit of keeping things simple, we've broken down what makes a merchant cash advance an ideal alternative to financing for fisheries through loans by demonstrating where Horizon Business Funding's programs and the needs of small business owners meet.
What You Have:
- Bad credit, existing loans, a high risk designation or any issue banks use to disqualify.
- A business you have been operating for at least 2-3 months. No Startups.
- Monthly gross sales of $15,000 or higher.
- Interest in business funding to improve or expand your fisheries business.
What We Need:
- You to fill out the form on the right of this page.
- The completion of some easy steps that a representative will help you do over the phone.
- Try our chat system on the right of the page to talk to a live representative.
What You Don't Need:
- Small business loans that take ages to get, while opportunity passes you by.
- Demands for collateral and valuable time spent at bank locations.
- Restrictions on how you can use the money you apply for.
Does this sound like your small business? Then our cash advance programs could be perfect for your needs.
Apply now by filling out the form on the right of this page.
How Commercial Fishing and Fish Farm Financing Works
In order to qualify for our business loan alternatives, you must have been operating your business for a minimum of 2-3 months and have gross monthly revenues of $15,000 or higher. Liquid cash amounts range from $1,000 to $1,000,000 and can be accessed from your bank account in as little as 48 hours from the time you apply.
Business owners can apply for additional funding as soon as their first advance is 70% repaid, up to 200% of the initial funded amount.
No restrictions are placed on funding once granted. We are confident that by providing financial solutions tailored to commercial fishermen and fish farmers and letting them use them as they see fit, we are maximizing the effectiveness of the advance. Repayment is taken as a small percentage of daily bank deposits; so that payments are always proportional to earnings and your cash flow will not be compromised.
Our merchant cash advance program allows you to get the money you need for your business without any need for collateral or good credit. We aim to be a resource that your business can rely on whenever you need quick and easy access to capital.
Don't wait, apply now.