It's been a pleasure working with Bank of Cardiff. Very professional and knowledgeable customer service. We are blessed to have found them, when other banks denied us loans. Thank you and we hope to keep working together for a better future.
Cardiff was able to provide me funding where other banks were not. My credit score, which I find to be a challenge when finding a loan for my business. Their representatives were great. They offered me some financial advice in order to get future funding at even better terms which I found very helpful as well.The loan process was very easy and you get funded in less than 48 hours. I will certainly use them again in the future.
Recently got our semi trucks financed through Bank of Cardiff. Never thought we would get the loans approved at one point, but to my surprise we got approved . Not only did we get approved , we got very good interest rates considering this was our very first time financing an equipment. It was an awesome experience working with Ally Diaz, she was very polite and helpful. Great customer service, communication was excellent all through the process. She took her time in answering all my questions and directed me to the right person as needed within their organization. I will definitely recommend Bank of Cardiff to other business associates and family!!!
I had a great experience with Ms. Tania Stevenson this week. We were in need of a loan to get us through the month, while waiting on payments from net/30 customers. She was very knowledgeable about all of the products that Bank of Cardiff offers. She moved quickly & professionally to meet our needs! I'm so grateful for her and her service to help us. Great Job Tania!!
If you need cash just call Saul and Chris they are both amazing people. I never thought I would even get near a loan but they made it happen. The process was easy an fast!! I would recommend them 1000x.
Had a great experience with Bank of Cardiff. If you need quick and easy finance call them, and specifically ask for Jesse Moore or Sal they know all the different programs Cardiff offers and better fit your needs. Quick, easy, straight to the point and no bull. Jesse and Sal will try their best to get you exactly what u need. Definitely will keep using Bank of Cardif . Thanks
Had a great experience. Great customer service Sal & Jesse were very helpful. Need a loan give them a call.
It's always a pleasure to work with John at Bank of Cardiff! We have received nothing less than prompt, attentive, friendly service. Bank of Cardiff gave us comfort and hope during a difficult situation, and we would recommend John Mena to anyone and everyone we know!
This is my second time working with Cardiff Bank and I enjoy it. This time around Christian worked with me on getting a bigger loan. I would recommend Cardiff Bank to anyone trying to get a loan. I forgot to mention that they work with your credit score to get you the best interest rate.
John and Mitch were very great, responsive and stayed in touch with me the whole process. this is my third transaction with bank of Cardiff , I would recommend them any time
Working capital financing is designed to bridge cash flow needs for small business owners. Terms typically range from 3 to 24 months. Payments may be daily, weekly, or monthly and can be fixed or tied to the ebb and flow of your business revenue.
For example, if your company has had a large purchase order, you need to pay for product to fulfill it. You’ll get that money back from a retailer when your product sells. But as a small business, how do you stay up and running, covering your expenses like payroll, rent and supplies, while you wait?
A similar problem arises for doctors and dentists. You provide a service typically covered by insurance. But insurance companies take time to pay. You might need a working capital loan to keep the lights on while you wait for the insurance company to cut your office a check.
Calculating the amount of working capital your business needs comes down to a relatively simple formula. In general, working capital is the difference between current assets and current liabilities. However, that number likely changes each month as bills get paid.
A better way to gauge how much working capital your business needs is based on your operating cycle -- the amount of time it takes your business to create and sell a product.
For some businesses, like a restaurant, the cycle is very short. For others, like a clothing manufacturer, it’s much more seasonal. You’ll want to take into account your cash flow during each operating cycle to determine how much working capital you’ll need.
Sometimes, the unexpected happens. Kitchens have fires, equipment requires repairs, taxes must be paid. To solve these problems, we can have the money you need deposited into your account within 24 hours.
In general, there are three types of working capital financing. These include:
Many businesses qualify for working capital lending, as you only need evidence that you have a business and the loan will be paid, to qualify for financing.
At Cardiff, our requirements look like this:
Typically, personal credit scores aren’t as important as other commercial credit factors. However, a good rule is that if your Credit Score score is over 500, you’re in the clear!
We look for at least 6 months of time in business.
$20,000/month or $240,000 in annual sales with a minimum of three deposits/month.
Having US citizenship isn’t required. Cardiff only requires that the business owner be a legal resident.
Any owner can execute the contract regardless of their ownership percentage
To apply for a Cardiff working capital loan, you’ll want to have a few things prepared, including:
When you have your paperwork in order, you’ll fill out an application and find out what terms your lender can offer you to keep your cash flowing as your business moves along.
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