Blog
Our team is hard at work keeping you informed on industry news, financing options, and insider tips. Check out some of our most recent articles.
Should you be worried about a trade war affecting your commercial loan?
President Trump’s potential trade war with China and other countries has been dominating the news as everyone tries to figure out if the trade war will have an immediate impact on their lives. At the forefront of those searching for answers are small business owners whose companies may be impacted by a loss of revenue or importation of much-needed supplies.
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Picking a Commercial Loan Broker: How to Find the Best Partner for Your Needs.
Getting the capital, you need to run your business is a daunting task. Banks can be frustrating to work with and finding a loan on your own can seem impossible. Commercial loan brokers can be a middle ground between the strict requirements of a bank and an overwhelming challenge of going it alone.
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Factoring and Accounts Receivable Options
Accounts receivable financing, also known as factoring, is a less familiar form of commercial financing for many business owners. This unique solution uses money owed to a company as collateral to secure the financing. There are a variety of options, so let’s see how the pros and cons line up for each.
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Is Hard Money Lending the Right Option?
Hard money loans are a unique source of capital for small businesses. They offer very rapid funding and don’t rely on your credit history, so they might be a great fit. But they also carry higher fees than many types of financing, so it’s important to make sure they really are the right option for your needs.
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Inventory Financing: What it Means and How It Works
Inventory financing is a form of asset-based financing. This financing keeps businesses growing by providing the funds needed to purchase inventory for future sale. The value of the inventory is then used as collateral to secure the loan.
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Real Estate Financing: Finding a home for your business
Every business, no matter how large or small, needs a home. Whether in retail or in manufacturing, location is essential to the success of a company. However, financing for commercial real estate is different than other types commercial lending. So understanding the different types is essential to securing the best financing for your needs.
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What’s the best way to get the equipment I need?
Every business needs equipment. Whether a baker or a construction firm, most can’t operate without them. However certain equipment is more expensive than others. A new truck cost significantly more than a calculator, and often times these purchases can have a negative impact on the financial outlook for the company. Equipment financing can help solve these problems, making life less stressful for many small business owners.
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How Can Lines of Credit Accomplish Your Business Goals?
Lines of credit, or LOCs, are a powerful commercial funding option. They are versatile financing which can be used to pay everyday business expenses such as employee wages or utility bills, or they can be used for larger business needs, like material or equipment. They are also unique in the commercial loan environment because they have built-in flexibility. The borrower can be approved for a certain amount, but they do not have to use it all.
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