Small Business Loans:
Types Of Business Financing Options

Generally speaking, small business loans can be very challenging to get for business owners. Most business enterprises approach banks and other commercial lending institutions to obtain loan assistance for their business.


They can be good options as long every business has a solid credit history and good reputation in the market, and with some collateral to offer as security. However, one of the biggest problems lies in seeking quick loan approval from these banks and the lengthy procedure involved in the process of documentation.

Problems Faced By Enterprises In Obtaining Small Business Loans

Unfortunately, entrepreneurs may not be in a position to wait for long periods to get loan approvals from banks, as any delay may harm their immediate business prospects and they might lose valuable customers in the process.


Moreover, banks may have more stringent criteria for providing small business loans to enterprises and the chances of rejection are much higher in these cases. Business owners must be able to demonstrate a sound credit history, good repayment capacity and long term presence in the business, along with credible references that can increase the possibility of getting approved from banks and other lending agencies.

 

Some Benefits Of Obtaining Loans For Small Business

Small business loans can help in securing your business and can help run your business operations in a smooth and efficient manner.


Whether it is buying commercial properties, investing in machinery, buying commercial rental spaces, improving your current inventory or purchasing costly equipment, small business loans can help in fulfilling all these different financial obligations.


Loans for small business can provide valuable opportunities for start-up enterprises to smoothly manage their business operations in the initial phase of operations, until they can achieve some stability in the long term.

What Are The Best Options For Seeking Small Business Loans?

-Small Business Administration Programs


The Small Business Administration provides financial assistance to small businesses through its efficient loan programs, along with offering counseling, training, support and protection of the interests of the small business community in general.


However, the SBA does not directly make loans to borrowers. Rather, they offer guarantee to the lending agencies on the behalf of the enterprise.


This can make it considerably easy to obtain funding assistance from private lending agencies for enterprises who require initial funds for their business.

 

-Micro Loans From Lenders


Yet another option for small businesses is to obtain funding assistance by way of micro loans from numerous small lending agencies. These micro loans are mostly suitable for businesses that are small in size and start-ups that require immediate funding assistance.


Sometimes, community non-profit lenders may be in a position to provide these kinds of loans to small enterprises based on their own requirements. It may be a good idea to find some reputable agencies that provide micro loan assistance to obtain funds for start-up enterprises. 


-Accounts Receivable Factoring 


For some companies, factoring may be prove to be a good financing option as this can help them in getting quick access to funds for managing their business operations.


It enables every business to reduce the amount of cash balances outstanding with its customers, which allows them to have more cash on hand to invest in other business resources.


This method of accounts receivables factoring involves selling off a portion of the receivables at a discount to obtain immediate cash. Factoring companies may be willing to purchase your receivables by making an advance payment anywhere in between 70-80% of the full value. 


NOTE: Also read and learn about merchant cash advances, as another financing option in funding for small business.


-Small Business Loans From Private Lenders


Business Funding Advisors are leading experts in providing financing solutions to enterprises by offering commercial loans of different types suited to every business. With years of experience and valuable expertise in the field of commercial lending, we can advise you on some of the best possible loan options available for running and growing your business.


If you need a small business loan, scroll down to our quick loan application below.


Restaurant-Retail Loan App

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Return to Business Loans from Small Business Loans


Small business loans 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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