There is hardly any door a strong borrowing power cannot open. Build your business’s borrowing potential now to give you access to inexpensive and favorable financing.
Consolidation Loans
A consolidation loan is one of the easiest but most effective ways to get debt under control. Businesses that have several outstanding debts usually make multiple repayments at different times each month. The debts are from different loans, so they come with different terms, different interest rates, and separate payment schedules. That can be a lot to keep track of.
With a consolidation loan, you can put all your debts under one roof. You will only be required to make one monthly payment using one rate. This way, you can monitor your repayments easily without missing any. You also get to pay a lower amount compared to what you would pay with a spread repayment.
A business owner who is looking to opt for a consolidation loan must understand the importance of working with an experienced lender. You want a lender who has the knowledge, the passion, and the connection to advocate for your business. With a good combination of the three, we will connect you with a lender that will consolidate your debts to ease you of the burden.
Business Refinancing
As time goes by and businesses grow in knowledge and experience, their financial state changes. As such, the current loan agreement might be outdated and no longer suitable for a business. Thanks to refinancing, your loans can evolve as your business does. Whether you are looking for better rates for a longer repayment time, you are allowed to update the terms of a loan.
There are several refinancing programs. Rate-and-term refinancing lets you change the term of your current loan by switching to a more favorable lower-interest loan. With cash-out refinancing, you can utilize the increased value of an asset to secure more loans. Cash-in refinancing allows you to pay a lump-sum payment towards your loan to bring down your principal balance. That way, you get to make reduced monthly payments.
If you’re looking for the best refinancing program for your business, you should talk to us. Our dedicated team is well-equipped to run an evaluation of your current financial status and determine which new loans work for you. Let us help you reduce your monthly obligation and boost your ability to pump money into your business.
Sale-Leaseback
If your company already has the equipment it needs, you might want to get a sale-leaseback. The extra cash from it will surely come in handy for your business, especially if it’s short of working capital. In a sale-leaseback, you will be paid up to 90% of your equipment’s value, but you will continue to use the equipment. Sounds like a win-win situation! You get a lump sum cash for the equipment, but you still get to have access to it in exchange for small monthly payments.
You don’t always have to take a loan every time your business needs money. Why burden your credit when you can leverage the equipment you have to generate the cash you need through a lease-back. Whether you’re looking to stock up on inventory ahead of a big event or you want to make a soft purchase, a sale-leaseback is a helpful tool. It will give your business an immediate infusion of cash, and if you’re more stable by the end of the term, you can purchase the equipment outright again.
With a sale lease-back, you don’t have to worry about collateral or your credit score. It also doesn’t have any impact on your line of credit. What matters most is the equipment you’re offering. Contact us for an evaluation of your equipment. If you’re considering a sale-leaseback, you’re better off doing it with us.
Credit Repair
Every business has its share of hazards at some point of operating. Financial difficulty is one thing almost every business owner has to go through, regardless of the industry. If you ever find yourself in a tight corner where you’re burdened with debt, you can always turn to financing. However, a poor credit standing can hinder you from a lot of financing opportunities that could help your business grow.
If your credit score has deteriorated for any reason, credit repair can help you restore or correct it. However, it takes time and effort. You have to maintain a steady check of your annual credit report to stay on top of changes in your history. You also have to work on fixing existing errors in your report in cases of misrepresentation or inaccuracies. Whatever your case requires, we have the resources to help you investigate and provide solutions.
Our credit repair solutions are designed to deal with your fundamental financial issues. We will work out fixes that will help you reduce your debt fast and rapidly work your way to high credit. Contact our office today to get started.
Improved Chance of Approval
A healthy business and personal credit score is crucial when it comes to securing loans, but that’s not all there is to it. You need to attract lenders further with detailed documentation and a well-outlined business plan. The efforts put into this is usually fruitful as it proves a business owner’s reliability to the lender. But you don’t have to do all the work on your own.
Hiring an outside accountant to verify your accounts is a smart way to improve your chances of approval with a lender. And when you work with us, we know just what you need. We have worked with thousands of local and national lenders and thus, understand what they look for in a borrower.
Leverage our knowledge and experience of leaders in various industries and let us boost your chances for approval. We can also help you put together a detailed and well-structured documentation to convince lenders of your ability to repay your debt. Talk to us to learn more about what we have to offer.
Alternatives. If debt restructuring isn’t what you’re looking for, try:
Factoring
Hard Money Loans
To Qualify
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Fill out our contact form and tell us about yourself and your business plans. It’s straightforward so we can help you move forward quickly.
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Work with one of our professional brokers and explore the financial options that fit your needs and goals.
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Once you choose a financial option, we will kickstart the loan application. We’ll help you navigate the process so that it’s easy for you.