A commercial loan is a debt-based funding arrangement between a business and a financial institution, perfect example for that would be a bank. The usage of commercial loans are often used to fund Major capital expenditures, it can also cover operational costs that the company have difficulty affording.
Real Estate Loan:
Real Estate Loan is a transferred Loan that is secured primarily by a mortgage, deed of trust or similar lien on commercial real estate (other than hotels, restaurants and casinos) or residential real estate. Real Estate Loan are primary made to investors such as corporations or organizations that own and operate commercial real estate.
Mortgage Rate Reduction (refinance):
Essentially, a mortgage rate reduction program will help to replace your current mortgage with a new one that has the possibility of; a better balance and/or shorter term. How it work is that the lender will provide you with a new mortgage to pay off the old one, and your new mortgage will be taking effective.
Cash Out Refinance:
Unlike mortgage rate reduction (refinancing), a cash out loan replaces your current mortgage with a bigger mortgage, and the difference between the two mortgages will be given to you in cash. The cash that was given has no restriction, and can be spent on virtually anything.
Start-Up Business Loan:
A loan that is dedicated to people who wish to use the funding on their start-up business, it usually covers the initial costs needed in order to start a new business.
SBA Start-Up Loan:
SBA start-up loan is a government administrative loan that does the same as a start-up business loan, it's issued by private lenders but backed by federal government.
Business Line of Credit:
Imagine a credit card, but intended for business usage only. A business line of credit are often used by owner to withdrawal the amount of money needed in business related matters, later repaying an interest on the portion of the borrowed money.
Merchant Cash Advance
Merchant Cash Advance is a quick way for merchants to get funds, it skips the process of evaluation that traditional bankers and lenders use, the amount of cash advance available will be based on the credit card sales the business has deposited. Due to it's more risky nature, the provider of Merchant Cash Advance services usually charges a higher rate than other financing options.
Equipment Investment Loan
Equipment Investment Loans are business loans that's intended for business to purchase machinery and equipments in order to properly start up their business. You can buy anything necessity in order to make the business look nice and functions, ranging from tables to computers, and stoves.
Construction Loan are a type of business loan that is intended for usage or involvement on a construction of some kind.
Funding that helps to secure a project or a long term infruvstature.
Funding that will be used in investment, usually in hope to grow it's portfolio to receive a stable income.
Usually for individuals who wish to use some of their capital to invest in small start-up and businesses in exchange of equity of the company.
Real Estate Business
The process in which buying a real estate property and selling it for profit.
Merchant Cash Advance
Get quick access to capital using the collateral of the future.
What if capital could time travel?
Okay, so it can’t, but a merchant cash advance is as close as you can get. A merchant cash advance allows you to borrow against future earnings to access that capital today. Merchant cash advances are funded much more quickly than other forms of financing, making it a lifesaver for businesses in need of fast access to financing.
How a Merchant Cash Advance Works
A merchant cash advance, or business cash advance, allows a business to borrow against its future earnings. Unlike other business loans, collateral is not typically required to start a merchant cash advance, which means you can receive funds in as little as 24 hours.
Qualifying for a Business Cash Advance
Qualifying for a cash advance, like the funding itself, is often fast and easy. Due to the nature and terms of the loan, the requirements for a business cash advance are typically pretty lenient.
What you’ll need to do to qualify for a merchant cash advance:
- Provide 4–6 months of past bank statements or receivables
- Apply with us
What you can typically skip when applying for a merchant cash advance:
- A mountain of paperwork
- A credit pull
- Your business’s precious collateral
How to Get the Best Rate
Securing an affordable factor rate will reduce the cost of capital on your merchant cash advance. The first step toward securing the optimum cost of capital on your merchant cash advance is to determine how much capital you need.
Borrowing too much can increase the cost of repayment and borrowing too little can leave you in the financial pickle you’re trying to get out of. To avoid both of those scenarios, We will walk you through your options and compare your offers to help you choose a business cash advance deal that fits your needs and budget.
Can a startup get a business cash advance?
A business cash advance is an option for startup businesses that may not yet qualify for other types of business financing. Because a business cash advance is repaid based on your business’s daily sales, time in business and other factors that usually make financing difficult for startups don’t apply. If your startup has strong daily sales, a business cash advance could be an excellent solution for your fast-capital needs.
If you have time to plan for your financing needs, startup loans and business credit cards can offer accessible financing for startups and may be able to round out your financing plans.
How is a business cash advance repaid?
Your cash advance is repaid based on your business’s daily sales. Depending on the way your cash advance is financed, your lender will either take a daily percentage of credit card sales or a percentage of the total daily business sales. Terms vary by lender, and we have 500+ lenders in our network. We can walk you through all the terms and explain the nitty-gritty of your cash advance to ensure you’re getting the best possible financing deal.