Targeted for small and mid-size businesses expanding into their next phase of growth. Our Asset-Based Lending offerings, alternative SBA lending and specialty programs can provide the capital to help you meet your business's goals.
LINES OF CREDIT
A business line of credit allows for the flexibility that a normal term loan would not provide. A business can borrow up to a certain limit and only pay interest on the money that is borrowed. The credit limit is often based on a businesses' receivables, inventory and ability to service the debt payments.
For businesses facing cash short falls, they might consider invoice factoring as an alternative to free up their cash flow. Invoice factoring is the sale of invoices to a company in exchange for a lump sum of cash. Invoice factoring depends on the creditworthiness of your customers, rather than your personal credit, allowing you to immediately unlock working capital to help cover funding gaps for your business.
Small Business Administration (SBA) loans are loans made by banking institutions, credit unions or specialized private lenders, but are partially guaranteed by the US Federal Government for economic development purposes. These loans offer flexible terms and low interest rates to borrowers.
7(a) Program: Loans up to $5 million that provide funds for working capital, expansion and equipment purchases.
504 Loan Program: Loans up to $5 million that provide funds for buying land, machinery and facilities. These loans are only processed by private lenders and nonprofits.
In a sale-leaseback, an asset that is previously owned by the seller is sold to a third party and then leased back to the original owner with a long-term lease. In this way, a business owner can continue to use a vital asset but frees up real estate equity for other commercial uses.
Property owners can also free up liquidity by selling the land under their building for up to 30% of stabilized building value and leasing it back over 99 years. Developers can do the same by selling the land for their future development and leasing it back while contributing sales proceeds as equity for their development. All subject to lender approval.
Please inquire if you would like to learn more about if this financing option is the right fit for your business.