Funding For Starting A Business-
First Steps


Funding for starting a business requires a carefully executed, and well thought-out plan. Whether you're a brand new, first time business owner, or you're already in business seeking funding. Regardless of whether you seek funding from a bank, angel investors, venture capital, or other private sources, you will most certainly need a solid business plan.


Any would be investor will want to see that you've invested the time and forethought into formulating a sound buiness model that's likely to net a profit. Afterall, lenders want to feel reasonably certain they'll be repaid for investing in your idea.


Go online, as you will find a lot of information available about writing a good business plan.


Self Funding For Starting A Business


If you're a brand new, first time business owner, its very likely that you're going to have to finance a good portion of your business venture yourself. Lenders are usually reluctant to extend credit to first time and/or small business owners.


With that in mind, you'll want to look into your own savings or other liquid assets. If you're a home owner, you might consider taking out a second mortgage. Be very careful with this though. If your business fails, you could end up losing your home also.


As a last resort, credit cards are an option. Only consider credit cards as funding for a new business if you feel sure you can recoup your costs and still turn a profit. Look for credit cards with low interest rates, and know all the risks involved.


Funding For Starting A Business-
Other Financing Avenues

commercial loans

Banks- If you're a first-time business owner, you're likely to run into difficulties getting funded at a bank. Bank regulations and conservative underwriting guidelines make them very hesitant lending to small and/or first time business owners.


They want to be guaranteed repayment for money lent. New businesses are very risky ventures for banks. For new business owners, usually, the only guarantees they can offer are their personal assets.


Banks will want to see real, and liquid assets that you can offer as collateral, in case of loan default. Again, you should carefully weigh the risks in making personal guarantees. In addition to your new business possibly failing, you don't also want to lose your home that you put up for collateral.


Banks will also take into account your credit history.




private lenders

Angel Investors- These are usually wealthy individuals, looking to invest in and fund new businesses. Because new businesses are risky investments by nature, and because angel investors tend towards investment vehicles with the potential for higher returns, they also expect to play a greater role in the direction and operations of your business.


Know this before seeking out angel investors for funding your new business. If you're not comfortable with giving up a sizable amount of control and involvement in the running of your business, then this might not be an attractive option for you.


Funding For Starting A Business: Private Lenders A More Reasonable Source


Today, private lenders are becoming an alternate and more attractive means as funding for a new business. Because they're not regulated by the FDIC, they're able to make their own underwriting guidelines.


Credit history, although a factor, isn't as heavily weighed, since they look at other factors, such as the value of the real estate and other assets.


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 Funding For Starting A Business


Funding for starting a business options are 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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