Business Financing
EMPOWERING
THE HEART BEATOF
OUR COUNTRY,OUR
SMALL BUSINESS OWNERS.
The Best Business Financing Options For Your Business
-
Monthly Payments
-
Low Rates
-
Longer Terms
-
Limited Paperwork
-
Funding In 1-3 Days
BUSINESS FINANCING PRODUCTS
Term Loan
EQUIPMENT FINANCING
SBA Loan
BUSINESS LINES OF CREDIT
Term Loan
Similar to traditional bank style financing. A Term Loan is a set amount that a borrower pays back at a fixed amount. The common uses for these types of loans are business expansion, working capital and equipment purchases.
Benefits of a Term loan
-
Interest on loan is tax deductible
-
No prepayment penalties
-
Lower cost options
-
Stable daily, weekly monthly payments
-
Reported to the credit bureaus which can improve credit
-
Flexible options
Qualifications
-
3+ Months Time in Business
-
$240,000 Annual Gross Sales
-
No Minimum FICO
Loan Amounts: $10,000 – $5 Million
Terms: 6 Months – 10 Years
Funding: 1-3 Days
SBA Loan
An SBA loan is a government backed loan that can be used for starting to expanding a business. The loan has certain requirements for eligibility, such as size standards, providing the ability to repay and a solid business purpose.
Benefits of a SBA loan
-
Fixed and variable options
-
Monthly payments
-
Terms up to 25 years
-
Prime rates
-
Government backed
Qualifications
-
No Monthly Gross Sales
-
No Minimum Time in Business
-
650 + FICO
Loan Amounts: Up to $5 Million
Terms: Up to 25 Years
Funding: 90-120 Days
Equipment Financing
Businesses utilize equipment financing to purchase business related equipment. Obtaining these assets can be through equipment leasing or equipment financing which doesn’t require businesses to pay out of pocket large amounts of cash ultimately freeing up working capital within the business.
Benefits of a Equipment Financing
-
Only pay interest on the funds drawn
-
Credit available as needed
-
Draw as many time as you need
-
Fast Approvals
Loan Amounts: $10,000 – $5 Million
Terms: 1-5 Year Terms
Funding: 1-5 Days
Business line of Credit
A business line of credit provides flexibility for the business owner. Rather than a fixed amount issued at one time, funds can be accessed as needs arise. And funds are made available again, as the balance is paid down.
Benefits of a Business Line of credit
-
Only pay interest on the funds drawn
-
Credit available as needed
-
Draw as many time as you need
-
Fast Approvals
Qualifications
-
3+ Months Time in Business
-
$240,000 in Annual Gross Sales
-
No Minimum FICO
Loan Amounts: $10,000 – $5 Million
Terms: 6 Months – 10 Years
Funding: 1-3 Days