One of the most common questions we get from potential clients is how our loans differ from those offered by other lenders. After all, we aren’t a bank or a credit union.
Well, here’s how it works – and how it helps our clients grow and succeed in their businesses:
We pay our investors’ money forward
Unlike a bank, our money doesn’t come from other borrowers or from deposit accounts. We raise capital from private wealth – individuals like our co-founders and investment funds – and offer them a fixed return on their investment.
We then leverage this capital to benefit you. You borrow from us at a fixed rate that allows you affordable credit and our backers a reasonable return on their investment.
Essentially, we operate very similarly to a bank line of credit, except that we are faster and more flexible.
We’ve been where you are
Our co-founders and CEO are former government contractors and military veterans. They’ve all started their own companies, faced financial challenges, and even failed from time to time. These experiences created a vision which became Parabilis – a financial firm run by people who have been in your shoes, not number-crunching “finance people.”
We understand your challenges. We know how important affordable and attainable capital is to your success. Our goal is to bridge the gap between you and affordable growth capital.
Our loans are secured
We secure our loans by lending against your accounts receivable, unbilled labor, and even delivery orders. We then direct all payments from your collateral to your Parabilis account. What we don’t do is take your invoice, force you to borrow all of it up front, and pester your contracting officer until it’s paid. It’s like any other loan, where we are the senior financial partner using our financial expertise to help you move the ball down the field.
Our “secured” loan status means that you are able to borrow up to a limit determined by your accounts receivable. Once the invoices are paid, your line balance drops, and you are eligible to borrow again – creating the revolving line of credit which helps our clients succeed.
Contact us today to learn more.