Small Business Loans
Small business loans are available through the Small Business Administration (SBA) for companies that want to expand and have a history of profitability. The SBA guarantees business loans to banks and finance companies which encourages financial institutions to lend money to companies that meet the SBA guidelines.
Government funding is facilitated through guarantees from government organizations such as The EXIM Bank and in combination with banks or finance companies that provide business loans. EXIM Bank provides guarantees to banks and financial institutions that lend money to companies that are exporting American made goods.
Working capital loans are often revolving lines of credit. These types of business loans are based more on the borrowers ability to repay the loan than that underlying value of the assets. These business loans do not require the submission of borrowing base certificates, however, are harder to qualify for than other types of business finance.
Merchant capital is available to restaurants, retailers and other businesses that accept credit cards. Business finance lenders take an average of 6 months credit card statements and provide an advance on future receipts. These types of business loans are typically paid off in four to nine months, but, can go longer.
Equipment funding is available to companies that need to purchase business equipment or have existing equipment they need funded. Equipment leasing allows companies to acquire equipment and pay on a monthly basis over several years. The company and owners typically need to have good credit to be approved for equipment leasing.
Customized Financing Options
Asset Based Lending
Revolving lines of credit up to $20,000,000
Accounts Receivable Factoring
No minimums, up to $20,000,000
Secondary lines of credit for ABL or Factoring
Equipment & inventory facilities
Great for staffing & temp agencies