One of the questions that are probably lingering on your mind is how do small businesses get financing? It’s simple; business loans. A business loan is a funding borrowed from lenders and repaid with interest over the time. This is financing option for businesses to help them achieve their goals.

They are basically for new or existing businesses who need financial boosts to purchase equipment, replenish inventory, complete renovation, acquire a property, finish franchise refresh, open a second location, hire extra staff, have extra cash on hand and many more depending on their specific business needs. Businesses can get business loans from banks, lending organizations, or private lenders.

Of course, different loans have different requirements and payback terms, and that’s why it is important to find a suitable loan from the right lender who will make the process fast, simple, and seamless for businesses.

What are the business loan options available to you?

What are the benefits of getting a loan as a small business owner or startup? A business loan could be just the boost your business needs right now. How?

It is not enough that you have goals and dreams for your business; you need to make them a reality. So, when you confident that opportunity will benefit your business helping to expand it and become stronger financially you take a business loan. There are a lot of reputable lenders offering small business funding helping then grow and get moving. Many small businesses find benefits of small business loans applying for financing to support their expansion, to cover operating expenses or refinance their existing loans.

Scale-up your business with our small business loans. We believe that every small business owner should have access to funding to be able to grow, scale their business and thrive, and that is why we help them with suitable business financing solutions.

Get the help your business needs easy, fast, and seamless.

We want every business owner to succeed, so we ensure our loans are easy to qualify and have flexibility to repay. There is always a loan available which is most suitable for your business. Check out some of the business loans available:

Term loans – It is a one-time loan up to your approved limit, where business gets funding and pays back over some period of time. Depending on business needs it could be short-term or long-term loan and be a good solution for businesses who have to make a large one-time investment or purchase expensive equipment

Startup funding – This loan is to help startups kick start their businesses successfully with sufficient funding. We believe every startup has a chance of excelling, and that is why we have a financing solutions for pre-revenue or young business who is unable to qualify for a traditional business line of credit. This is a great option that is contingent on your personal credit and verifiable income.

Merchant Cash Advance – This loan is a cash advance that a borrower takes from a lender against future credit card sales and pays it back at a daily percentage. So, you can get the money you need now and pay when you earn. It’s fast and easy to qualify and does not require collateral, though it is one of the most expensive forms of small business financing

Line of credit – This works like credit cards where a lender provides you with a line of credit and charges you with interest of just the amount you spend. Business can draw funds repeatedly within qualified credit line. This is a good solution for businesses to cover cash gaps with bridge cash while waiting for account receivables.

Real estate investment loan – Real estate investment loan is a form of funding for entrepreneurs or small businesses who want to invest in real estate. Our Real Estate Investment funding providing alternative solutions for non-owner-occupied property investors with higher LTV and better terms comparing to hard money lenders.

Invoice factoring – Invoice factoring is a form of business loan where you get access to the money in exchange for your account receivables you’re waiting on. For some businesses it could be a good alternative for line of credit as invoice factoring funding potential is only limited by your company’s sales and loan will no extension approval would be required

Equipment financing – This is a form of financial aid where businesses get approval for equipment leasing or financing so they can buy or replace pieces of equipment that they need to grow their business.

In many cases to expedite qualification process businesses will be required to provide SSN/ Tax ID, profit and loss statements, bank statements, balance sheets. Preparing appropriate documents and have them accessible upon applying for the loan will significantly help for approval and will also determine qualified loan terms and amount.

Finding appropriate funding solution will be the next step in getting a business loan. Our financing advisors will help you to find most suitable solution for your specific business needs in accordance with your short-term, mid-term and long-term goals.

Having all documents ready and decided what type of loan would work the best business is ready to apply. Depending on funding applied it could take form 24 hours to 7 business days to qualify for a loan and get funded,

We make business funding easy and simple; however, you need to meet specific requirements depending a loan product and lender qualification criteria

Even many lenders apply a broad approach to their underwriting process, there are some major factors many of them take into consideration while qualifying you for a business loan: time in business, industry risks, personal and business credit score, cash flow, account payable and account receivable, equity, credit utilization and consistent revenue. Some lenders may ask for collateral when others don’t. Since most of the small business loans are unsecured the owners assume responsibility where personal credit score and credit history plays significant part in determining a qualified loan amount.