Manage your cash flow, upgrade equipment and grow your business by reviewing our business loans and finance options. Shield Funding provides business cash advances and unsecured business loans of up to $500,000 for a variety of purposes. The company provides loans of between $4,000 and $2 million to small businesses in a wide range of industries, including restaurants, retail stores, service providers, manufacturers and wholesalers. Unlike peer-to-peer lenders, which fund loans via individual investors, direct lenders are funding your loan with their own capital, like a traditional bank. Loans through CAN Capital range from $2,500 to $150,000, and mature in four to 24 months.
The lender also offers business lines of credit of between $2,000 and $100,000. Its finance platform paves the way for fast, flexible financing for virtually any business need. Businesses can also opt-in to free advisory services and one-on-one support from our team of business advisors. The bank then extends credit up to a maximum overdraft limit and you can make withdrawals up to that limit. Often, there are follow-up questions, so expect a phone call and be ready to fill them in. These folks are here to help you get your loan application reviewed and decision as quickly as possible.
We will also charge service tax and applicable surcharge/cess at the rates notified by the government. Once you raise your credit score, it will be much easier to secure funding as your company grows. Next, we researched each lender by investigating the types of loans it offered, the amount of money that could be borrowed and for how long, the application and approval process, and repayment procedures. For banks, the cost of servicing small loans (under $100,000) is often prohibitive when compared to the return. Submit the loan application along with the applicable documents from the checklist found on the first page of the application. These rules are in place to make sure all lenders follow consistent credit practices, and they may add some extra effort. Fixed interest rates - these have the same repayments for the entire term of the loan. P2Bi's revolving lines of credit are secured by accounts-receivable and/or inventory.
Purchasing equipment that can improve your business offering is typically a no brainer for financing. Principal and interest or interest only (available up to a maximum term of five years) and a lump sum balloon payment up to 80% of loan amount at end of loan term. Personal FICO credit scores and other credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit or financing type you are eligible for. IOU Financial: IOU Financial provides loans of up to $150,000 to small businesses.
Term Loans provide a specific amount of credit to purchase assets or meet specific financing loan is paid based on a predetermined schedule or monthly principal and interest payments. The organization provides loans and microfinancing options to small businesses, particularly those owned by women and minorities, that don't qualify for traditional bank financing. Make an appointment with your loan officer and request enough time to do a short presentation, with visual aids, based on your business plan.