Some small business needs are just that – small. When a hefty business loan is not required, a Small Business Administration (SBA) Microloan may fit the bill. This program is designed to help those who might not qualify for a traditional SBA loan because of low cash reserves, poor credit or lack of business-running experience. With the help of just a small sum of money, these businesses can often get off the ground. Loan Limits and Terms Experts have calculated that it costs about $30,000 [...]
Category: Business Loans
Small Business Administration (SBA) loans are made through approved, private lenders, with most of the terms being negotiated directly between the small business owner and the lender. This includes the interest rate, within certain limitations. The SBA has set maximum rates for lenders, but it is possible to work with lenders to get a better interest rate. Maximum Loan Rates The SBA has determined that lenders can charge borrowers a certain amount more than one of three established rates. [...]
The Small Business Administration was created in 1953 by the U.S. government to promote the economy by providing financial assistance to small companies. The SBA has a number of loan programs to help fund most small business needs. These are made available by approved, private lenders with the aid of SBA financing. 7(a) General Small Business Loans The 7(a) is the most common SBA loan and has a maximum cap of $5 million. These loans may be used as short or long-term working capital. They [...]
Micro loans provide your business with small capital injections that can really make a huge difference to your company. Typically micro loans are $35,000 and under. They also work for both newly established and start-up companies. No matter what stage in the developing your business is in, you should consider this financing option. These micro loans are most often provided by the SBA (Small Business Administration) as they provide the money to non-profit community lenders who are responsible for [...]
Equipment sale leaseback is the sale of an asset (business equipment) for cash. The asset remains on the seller’s property with a contract to lease it back from the source purchasing it. The seller retains ownership of the asset at the term end. Why would I use my equipment to get working capital? Get up to 70% of the original purchase price on equipment you own. The equipment stays on your property for your use. You can write off 100% of the monthly payments. No restrictions on how the [...]
Start up financing is essential to the success of your business. Start up financing comes in a variety of forms for businesses. There are a variety of financing options including standard business bank loans, unsecured lines of credit like business credit cards, vendor lines of credit, account receivable factoring, venture capital, angel investors, and more. All businesses know that start up financing is vital to their present and future success. Businesses use start up financing for a variety [...]
Accounts receivable loans are owed by customers to the business; amounts owed to a business for goods and services sold by the business but not yet collected. A key factor in analyzing liquidity of a business is the ability to meet current obligations without additional revenues. Need immediate capital? Sell your receivables to a "Factor" at a slight discount. Accounts receivable loans (also called Invoice Factoring) is an expedient means of acquiring working capital by [...]
Leasing the equipment you need rather than purchasing: Gives you the equipment, software, and furniture your business needs Does not tie up your cash, receivables, credit cards, or bank lines Reduces the amount of cash you need and can be expensed for taxes "Very Impressive. Your service opened the doors for us to get the money we needed." Allan Morrell – US Publishing, Inc. Capital Type Capital Type Definition Leasing Contract [...]
Dental Loan – Pre-qualify before you apply for your specific loan program. Credit is the lifeblood of your business, especially for small or new startup companies. BusinessFinance.com assists entrepreneurs to get started purchasing equipment, building your inventory and expanding your business. Some important items to know to finance your are: How much money do you really need? Do you know your exact FICO scores? How do you plan to repay the loan? Who is going to borrow the money? You [...]
Small business loan source allows you to maximize your time and money Small Business loan source hunting might sound simple and easy at first glance. Though the sources are inumerable – connecting with the right one can be a daunting task. We help make that task much easier. In order to assist you in your search for business finance firms, we have categorized the lending and investing criteria of funding sources in a variety of areas: Commercial finance Equipment leasing Investment banking Government [...]