Need to expand, invest in new equipment or simply want to borrow for working capital? After you answer questions about your business and your needs, you'll receive the names of lenders that might be a good fit, all without picking up the phone. Click to see how Ana, owner of Paco Collars in Berkeley, California got going with a $1,000 Easy Pay Loan. Working-capital loans have repayment periods of between six and 17 months, while expansion loans have 18- to 24-month terms. And if your business is very small or new, you may want to consider taking out a personal loan to use for business purposes. Government-Guaranteed Loans - a Term Loan for business may qualify as a government-guaranteed loan.
Fountainhead Commercial Capital: Fountainhead Commercial Capital is a lender of Small Business Administration (SBA) 504 loans. The company's small business working-capital loans require no pledge of personal assets. And if you need cash fast, note that it can take up to two weeks for your loan to be funded. Discuss the modalities of running the business with your partner - whether they expect to be actively involved in the business or they trust you to operate it. Since the 2008 financial crisis , though, big banks tightened their belts and stopped passing credit around as freely... Leaving most small business owners out in the cold. With limits up to $50,000 available, a Business Visa Credit Card will give you access to extra cash and allow you to track your business purchases. Regardless of what industry you are in or where your business is located in the UK, your business may qualify for up to £120,000 in as fast as 30 minutes.
Equipment loans can sometimes be difficult to secure and very costly, but we can help. Utilizing automated data aggregation and electronic payment technology, Kalamata Capital can make credit decisions in as little as 24 hours. Sadly, one of the most common reasons small business loan applications are denied is that the applicant didn't complete the application correctly or didn't provide all the necessary backup information. Bad Credit Business Loans offers a variety of loan products, including alternative business loans, equipment financing, loans for women, bad credit loans, secured loans, SBA loans, trucking business financing, unsecured loans and minority-owned business loans. Fundera does not loan money directly to small businesses, but rather connects small businesses with different financing options. Businesses can instantly pre-qualify for a loan by filling out an online application.
Dealstruck: Dealstruck provides a variety of small business funding options, including business term loans, revenue-secured term loans and asset-based lines of credit. We offer the flexibility to create small business loans with terms that meet your specific needs as a borrower. Lines of Credit are for more established businesses and have APRs from 13.99% to 39.99%. It gives a loan term a certain amount of flexibility, since you can pay more when you can afford to and then take it back later if you need to. The Business Backer: The Business Backer specializes in small business financing.
If the loan is repaid early, a prepayment fee may be payable and if you repay the loan within a fixed rate period, you may also have to pay an early repayment charge. Floating interest rates - these enable you to pay off lump sums at any period during the loan term, or change the repayment amount from month to month. ARF Financial: ARF Financial offers a diverse range of loan products, including working-capital loans, lines of credit, bridge loans and mezzanine credits. At least 10% of the total of the original loan amount + loan fee is due every 90 days, up to 540 days, or until the loan is paid in full, whichever first occurs. After businesses submit a completed application, a dedicated funding manager works with each business to identify a product that suits that company best.