TYPES OF LOANS
The equipment leasing market growing rapidly as part of the commercial lending market. Equipment financing or leasing is an ideal way for corporations to purchase new equipment without investing a significant amount of capital upfront. Most equipment leases come at a fixed interest rate and fixed term to keep those payments the same every month.
Invoice Factoring is a financial transaction when a business sells its accounts receivable or invoices to a third party commercial funding company to receive an immediate cash payment. With the challenging economic environment, Accounts Receivable Factoring has become an important option for many small and medium sized businesses. By offering Accounts Receivable Factoring services, we can help you alleviate short-term cash flow shortages by enabling you to use your Accounts Receivable as security for short-term lines of credit or cash.
Business Lines of Credit
A Business line of credit is offered like a credit card for businesses for a lot of different reasons. A business will have a predetermined amount of credit with one of our banks and can use it over time as needed for working capital. Collateral is not usually required unless the business has poor credit when they apply. The amount issued for a business line of credit depends on the business's credit rating and cash flow.
Working Capital Loans
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. A business can have access to cash for any reason. This is a very easy loan to qualify for and they fund in 2-3 days.