11 January Getting Funding with Become: 3 Things You Need to Know
In the dynamic landscape of business, securing funding is often a crucial step for growth, especially for ecommerce and Consumer Packaged Goods (CPG) brands. One platform that has been gaining attention for its innovative approach to financing is Become. In this article, we'll explore three essential aspects you need to know about getting funding through Become, with a specific focus on their partnership with Yardline.
1. UNDERSTANDING BECOME:
Become is a financial technology company that empowers small and medium-sized businesses to access funding quickly and efficiently. Their user-friendly platform connects businesses with a wide array of lenders, simplifying the often complex process of securing capital. One of their strategic partners is Yardline, a funding solution provider specializing in ecommerce and CPG brands.
2. Qualifications for Funding:
When it comes to securing funding through Become and Yardline, the qualification process is designed to be accessible and swift. Eligible businesses can get approved for up to $20 million in as fast as 24 hours, a crucial factor for companies looking to seize growth opportunities promptly. The flexibility in funding amounts allows businesses of various sizes to find a solution tailored to their specific needs.
To qualify for funding, businesses typically need to demonstrate a solid financial track record and potential for growth. Become and Yardline understand the unique challenges faced by ecommerce and CPG brands, making the qualification criteria reflective of the industry's dynamics.
3. types of funding offered:
One of the standout features of Become, in collaboration with Yardline, is the diverse range of funding solutions available. Recognizing that different businesses have different financial needs, they offer a comprehensive suite of options. Some of the funding programs include:
Inventory Financing Programs:
Yardline understands the importance of maintaining a well-stocked inventory for ecommerce and CPG businesses. Their inventory financing programs allow businesses to secure capital specifically for inventory management, ensuring that they can meet customer demand efficiently.
Lines of Credit:
For businesses that require ongoing access to funds, Yardline provides lines of credit. This flexible funding solution allows companies to draw on a predetermined credit limit as needed, providing financial agility to navigate various operational challenges.
Small Business Loans:
Traditional small business loans are also part of the funding arsenal offered by Become and Yardline. These loans provide a lump sum of capital with fixed repayment terms, suitable for projects or investments requiring a significant upfront investment.
PO and Invoice Factoring:
For businesses dealing with purchase orders and outstanding invoices, Yardline offers PO and invoice factoring solutions. This allows companies to unlock the value of these assets, improving cash flow and facilitating smoother operations
Navigating the complex world of business funding is no easy feat, but Become, in partnership with Yardline, aims to simplify the process for ecommerce and CPG brands. With their efficient qualification process, quick approval times, and a diverse range of funding options, businesses can confidently take the next step in their growth journey.
When it comes to securing funding, having multiple lenders compete for your business is a significant advantage.
Become and Yardline's collaboration ensures that businesses have access to the best rates and terms available, ultimately contributing to their success in the competitive ecommerce and CPG landscape. Whether you need inventory financing, lines of credit, small business loans, or other tailored solutions, Become and Yardline are positioned to support your business's financial needs