Business Start Up Funding:
The Challenge And The Opportunity

There are a number of options to explore when looking for business start up funding.


New businesses, and ideas for new businesses are created everyday. Many dream of owning their own business.


However, one soon comes to the reality of needing to find sources to fund, or finance their dream. This can be a very daunting and time-consuming process.


Business Start Up Funding Requires Having
A Solid Business Plan In Place


Whether you decide to look for business start up funding from a bank, venture capital/angel investors, or from private lenders, you have to have a solid business plan in place.


It will need to include an executive summary, income statement, cash flow projections, contingency scenarios and realistic forecasts, and other important financial information. Investors or lenders want to know that you have a well thought-out and executed business plan, and one that's likely to turn a profit, and therefore, the return on their investment in you, in the near term.


A wealth of information can be found online about how to construct a well-written business plan. Also, read more about business startup loans.


Some Options For Business Start Up Funding


Personal Funds:


When looking at financing options for your business, one obvious source is one's own money. Whether this is money from personal savings, home equity lines of credit, or cash advances from credit cards (very expensive), this is often the first place to look for money.


And in fact, even if you're considering a loan from a bank or credit union, bank lenders will almost always require some of your own money as part of any loan offer.


In addition, you might consider a gift or loan from family and/or close friends.







commercial loans

Banks and Credit Unions:


Banks and credit unions are common places to seek funding for a business start up. One place you might look is an unsecured personal loan.


If you have good to excellent credit, a good steady income, and haven't taken on too much debt, you can usually get approved for an unsecured personal loan.


A bank commercial loan is another avenue to consider, although these can be more difficult to get approved for a brand new business. Also, in today's tougher economy, banks are increasingly conservative when evaluating new small business prospects.



Venture Capital and Angel Investors:


This might be a viable option. Be prepared, though, to give up some bit of control and/or ownership of your business.


Angel investors and venture capitalists invest in certain types of businesses that they believe will potentially net them a greater return than the stock market, for instance. This percentage of ownership in your business is part of their investment return for loaning funds to start your business.


Private Lenders For Funding A Business Start Up

private lenders


As banks are becoming harder sources for business start up funding, and venture capitalists tend to look for "proven winner" formulas and known quantities when financing their projects, more and more private lenders are lending money.


Private lenders can offer competitve interest rates, comparable to banks. And because its private money, they make decisions based on their own guidelines, not a conservative bank regulator. They also don't seek ownership or control in your business.


Private lenders take a look at a number of factors, such as business cash flow, and value of the real estate and other assets. Credit scores are less a factor in credit-granting decisions. This can be attractive to those with blemished, and/or little credit history.


Most private lenders tend to specialize in certain industries. As such, they can better understand both the risk factors, as well as the profit potentials for differnt business vertical markets.





If you need a private commercial loan for your business, scroll down to our quick commercial loan application below.


  1. - All Credit Tiers (including subprime)
  2. - Accounts Receivable Financing
  3. - Commercial Loans
  4. - Mezzanine Financing

- Bridge Loans

- Business Lines of Credit

- Construction Loans

- 2nd chance customer financing (500 FICO minimum)

- Working Capital Loans



Restaurant-Retail Loan App

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Return to Business Funding from Business Start Up Funding

Business start up funding is available in:


Merchant Cash Advance and

Working Capital Loan Programs

are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


Commercial loans are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware,

 Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


COMMERCIAL LOAN PROGRAM HIGHLIGHTS


Commercial Real Estate Programs

· Lending Area: Nationwide & International


· Loan Size: $100,000-no maximum


· Rates as low as 3.74%

· up to 90% LTV


APPLY HERE

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Commercial Development & Construction Loans

· National & International


· $2MM-$50MM


· Interest Rate: 5-9% Fixed (1% for churches)


· Amortization: up to 25 years


· Zero fees


· Points: Up to 3%, paid at closing


· Term: 5 yrs; also can structure a construction to permanent loan with interest only during draw down periods.


APPLY HERE

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Hard Money Loans Rates and Criteria:

· Loan Size: $100K-$100MM


· Lending Area: National & International


· Collateral: We lend to mainly on commercial real estate, including raw land and development projects


· Interest Rates: 7-14% (rates depend on collateral)


· Amortization: Interest only


· LTV: Up to 80%

· Origination Fee: 1-4%

· Closing time: 1 week to 30 Days


APPLY HERE

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Bridge Loans

· Loan Size: $1MM-$15MM


· LTV: Up to 75%


· Rate: 5-7%


· Term: 1-3 years, Interest Only


· Property Types: Office, Retail, Industrial, Multi-Family, Manufactured Housing, Condominiums, Self Storage, Special Use, Hospitality, Assisted Living/Congregate


APPLY HERE

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Unsecured Business Lines of Credit

· $25,000-$100,000 (start up businesses with no established revenue and business owner with good credit)


· $100,000-$500,000 (established businesses w/ revenue of $1MM or more; no collateral if good credit and financials)


· 0% intro rates on business credit card solutions, to 1-5% over prime for large credit lines.


· No "subprime" unsecured lines


APPLY HERE

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Click Here To Apply for A Business Cash Advance or Working Capital Loan


Bank ACH or Credit Cards


90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

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Restaurant-Retail, 
Small Business Loan Program


  • · Unsecured Loans up to $1,000,000 per location

  • · No Collateral Required

  • · Minimum Annual Sales: $150,000

  • · Minimum: 550 FICO

  • · Must be in business at least 1 month to document sales

  • · Loan amounts below $150,000 require NO tax returns or financial statements


APPLY HERE

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Customer Finance Programs for Businesses

· Can finance your customers down to a 500 FICO;

can finance your turndowns from your current credit provider


· Instant online credit processing and approval


· E-signature capabilities


· Can purchase or collect bad debt portfolios


· Industries include: Medical, Dental, Jewelry Retail, Furniture, Memberships, Private school tuition, Security/Alarms, Vocational Schools, Travel, etc.


APPLY HERE

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Click Here to Apply for

A Private Lender Commercial Loan


- Zero upfront costs, zero fees for approval to our programs.


- Minimum loan amounts: $100K for commercial building projects, with no maximums.


- No pre-payment penalties on programs offered.

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Click Here To Apply for A Merchant Cash Advance or Working Capital Loan


- Bank ACH or Credit Cards


- 90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

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