Business Loans
Business Loans
Line Of Credit
A business line of credit is a financial safety net for your business. It’s also one of the most flexible forms of financing. You can use it for buying equipment, hiring staff, increasing inventory, adding a second location, paying invoices, installing a cappuccino machine, and more.
And because a line of credit is revolving, you can use it as many times as you want. As soon as you repay what you’ve used, those funds become available to you again.
And because a line of credit is revolving, you can use it as many times as you want. As soon as you repay what you’ve used, those funds become available to you again.
Term Loans
With a Term Loan, you receive a lump sum payment up front. You pay it back with regularly scheduled payments over a fixed term.
Your monthly payment amount includes interest, which can remain the same or change over the length of the loan term. Depending on the program, you may be able to pay your loan off early without penalty, saving significant interest.
They generally come with the lowest costs, highest loan amounts and longest available terms of financing programs designed for small businesses.
Your monthly payment amount includes interest, which can remain the same or change over the length of the loan term. Depending on the program, you may be able to pay your loan off early without penalty, saving significant interest.
They generally come with the lowest costs, highest loan amounts and longest available terms of financing programs designed for small businesses.
Equipment Financing
Equipment financing refers to the type of funding companies utilize to purchase business-related equipment. Obtaining these assets can be through equipment leasing or equipment financing which doesn’t require businesses to pay out of pocket large amounts of cash ultimately freeing up working capital within the business.
To learn more about equipment financing and how it may help with your business needs complete our 5 minute application to speak with an Account Executive.
To learn more about equipment financing and how it may help with your business needs complete our 5 minute application to speak with an Account Executive.
Credit Card Processing
Clients send batches of authorized transactions to their payment processor. The payment processor passes transaction details to the card associations that communicate the appropriate debits with the issuing banks in their network. The issuing bank charges the cardholder's account for the transactions.
Working Capital
A working capital loan is a loan that is taken to finance a company's everyday operations. These loans are not used to buy long-term assets or investments and are, instead, used to provide the working capital that covers a company's short-term operational needs.
Bridge Loans
A bridge loan is short-term financing used until a person or company secures permanent financing or removes an existing obligation. Bridge loans are short term, typically up to one year. These types of loans are generally used in real estate.
