Radix Helps Small Grocery Store Owner Avoid Merchant Cash Advance with A 10-Year Term

When the owner of a small grocery store needed quick working capital, merchant cash advance offers kept rolling in. The issue was that this

owner was looking for something long term and with a low monthly payment. Every offer he received was daily and short term.

Borrower’s Issues

• Business was showing a loss in its most recent tax return
• Existing high-rate debt
• No collateral

Radix’s Solution

A year ago, this borrower would not have had any options other than high rates and a daily or weekly payment loan. With our new SBA Express Loan, Radix easily qualified this company for $150,000 based on revenue and credit alone. The owner has great credit and strong revenue, which fits our SBA Express criteria exactly. We were able to fund this happy business owner in under two weeks, and in 90 days, he plans on coming back for a second $150,000 draw.

Terms:

Funded: $150,000

Interest Rate: 3.75%+ Prime (12%)

Monthly Payment: $2,152

Funding Time: 2 weeks

Learn more about our fast and easy SBA Express Loan. If you are interested in applying for your company, call Radix at any time, or fill out our quick and easy application.