Chicago, IL (PRWEB) September 15, 2011
Clopton Capital is a provider of working capital and is located in Chicago, IL. They primarily focus on commercial mortgages, SBA loans and niche financing mechanisms such as gas station loans and owner operator financing. The founder of Clopton Capital is Jake Clopton and this press release is part of Clopton Capital's consistent effort to remain involved with the public, namely their future clients. Clopton Capital can be contacted at CloptonCapital.com.
Clopton Capital is announcing their desire to provide working capital to businesses unable to get funding through their banks. They intend to do this through numerous commercial lending products they maintain, but they state most banks do not. To promote this new initiative Clopton Capital has purchased WorkingCapital.ws as a means to promote commercial loans, bridge loans, and merchant cash advances.
Clopton Capital claims to have used bridge loans to save numerous pieces of commercial property from default over the past year. They do this buy lending the property owner(s) enough capital to pay off their current mortgage and then charge them only interest payments on the money borrowed while working to source a new commercial mortgage for them. “Just as the name suggests, bridge loans bridge people through a short period where capital is hard to come by. By delivering $1,000,000 or more of immediate working capital to these property owners, I think it's safe to say that we save them from a much worse outcome”, said Matt Reed, an associate of Clopton Capital.
Merchant cash advances are a type of working capital that Clopton Capital rarely utilizes. “Merchant cash advances are really ideal for those who don't have the best credit but do have a solid income stream from credit card transactions. I would say very few businesses fit into this category, but when and if they do I think a business loan like a merchant cash advance can be extremely beneficial to these businesses”, said Jake Clopton, the founder of Clopton Capital. A merchant cash advance, which is also known as a business cash advance, is a method of borrowing funds against future credit card transactions within the same business that borrowed the capital.
Clopton Capital can be contacted at their website CloptonCapital.com or at 866.647.1650 during regular business hours central time. Their website contains more specific information about their working capital products. Their website dedicated to working capital is WorkingCapital.ws.