Don’t let a lack of capital keep your business from expanding. You didn’t come this far just to throw in the towel. One of the biggest mistakes a business owner can make is not asking for help when they need it most.
We know exactly what lenders are looking for and how to secure the best financing options. We guide you through the loan process and lead your business to success. From cleaning up the books to refining your business plan, we’ll make sure you’re confident and prepared for what’s next.
When you schedule a consultation with us, we’ll explore all of your lending options and find the best solution for your business. The most common funding options include:
The size of commercial loans can make qualifying more difficult. Your business may need higher revenues, a longer track record, or greater collateral. These are all things we’ll discuss as we prepare your financials to present to lenders.
When you apply for a commercial loan, lenders will consider factors including:
A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank. It is typically used to fund major capital expenditures or cover operational costs. Most financing options will have set terms, a fixed repayment plan, and rates based on your existing credit and other qualifying factors. Many commercial loans require collateral, such as property or equipment. Others may require a downpayment–it all depends on the lender or bank.
Real estate is commonly used for collateral. Other collateral can include assets such as vehicles, equipment, machinery, accounts receivable, and more.
Your credit rating will impact your ability to qualify for a loan. When you meet with us, we can create a plan to help improve your personal and business credit score and drive down any debt before applying for a loan.